"Token Attributes" TAG

Asset-based tokens are relatively straightforward: they are tokens backed by or represent an asset for which tokens can be redeemed. These assets can be physical, such as company equity, property, or art; virtual, such as digital goods; or crypto-graphic assets, such as Cryptokitties. The token itself rarely has unique properties and it is intended primarily...

Contribution tokens are those that confer holders the right to play critical roles in the consensus process, contribute to network maintenance, or perform other types of work. This can include block creation or validation (as in all Proof of Stake mechanisms) but can also include many other roles that are important to the protocol, platform,...

Governance tokens confer holders the power to influence decisions concerning the core protocol, product or feature roadmap, hiring and staffing, and changes to governance parameters. All software needs mechanisms for being updated or patched. Unforeseen vulnerabilities might be found. In addition, the community could find that poor token design or unforeseen events have left elements...

Payment tokens are tokens that enables holders to pay for goods and services on a platform. Transacting on the platform is like transacting in a country: native currency is generally required, even for transactions occurring via a digital payment network. Tokens with such a function are generally the exclusive or highly privileged accepted platform currency....

Access tokens confer holders access to key premium features on a platform. The token resembles a tradable membership, in which members (token holders) get access to exclusive experiences and still have an asset they can resell to a future member. If the token is only required for *premium* features, somewhat like a VIP membership, then...

Seigniorage style stablecoins represent an algorithmically governed approach to expanding and contracting a stablecoin’s money supply. They are inspired by a 2014 paper written by Robert Sams, and constitute one of the three primary approaches to stablecoin development, the two others being, respectively, on-chain (MakerDao) and off-chain (Tether) collateralized stablecoins. Seigniorage-style stablecoins are designed to have flexible...

ERC-721 is a technical standard for token implementation using smart contracts on the Ethereum blockchain. ERC-721 standards function similarly to ERC-20 standards in that they provide a common set of rules for the purpose of simplifying the creation and ensuring the functionality of tokens. This also allows most wallets supporting Ether and ERC-20 tokens to...

ERC-223 is a technical standard for token implementation using smart contracts on the Ethereum blockchain. ERC-223 tokens serve a purpose similar to and seek to improve up ERC-20 tokens. While ubiquitous, ERC-20 tokens are vulnerable in that may be permanently ‘lost’ should they be accidentally sent to a smart contract not intended to receive them....

ERC-777 is a technical standard for token implementation using smart contracts on the Ethereum blockchain. These tokens are similar to ERC-223 tokens in that, unlike ERC-20 tokens, they will not be permanently lost should they accidentally be sent to an unprepared smart contract. Also, like ERC-223 tokens, they are backwards compatible with and retain all...

ERC-20 is a token that commonly serves as a technical standard for token implementation using smart contracts on the Ethereum blockchain. ERC-20 essentially provides a common set of rules that all Ethereum tokens should adhere to, and those who adhere to these rules are considered ERC-20 tokens. As such, ERC-20 provides developers with assurance that...