"Token Attributes" TAG

Stablecoin
  • glossary
Stablecoins are a type of cryptocurrency designed to have low volatility, and so maintain a stable market price. Mechanisms for maintaining a stable price vary. Current designs include: Off-chain collateralized stablecoins. These cryptocurrencies offer a tokenized claim on a portion of a centralized holding of fiat or precious resources. Examples include Tether and TrueUSD. While...
Cryptocurrency
  • glossary
Cryptocurrencies are digital currencies designed for use as a money—that is, a medium of exchange, store of value, and unit of accounting—within a digital economic system. Cryptographic techniques are used to secure transactions using cryptocurrencies from forms of fraud, counterfeiting, and other attack vectors, as well as control the creation of new units or verify...
Security Token
  • glossary
Security tokens are cryptoassets that are legally considered securities. For US markets, these are typically tokens that pass the Howey Test, and often derive their value from an external asset such as corporate equity or real estate. Security tokens are intended to create a regulatory-compliant vehicle that aims to address many perceived issues in the...
Non-Fungible Tokens (NFTs)
  • glossary
Non-Fungible Tokens, or NFTs, are distinguished by their lack of fungibility, a lack which makes NFTs well-suited for a distinct set of uses cases typically concerning ownership. Fungible goods and assets are those that can be interchanged with other individual goods of the same type. Non-fungible goods cannot; they are non-interchangeable, unique, and non-divisible. ERC-721...
Howey Test
  • glossary
The ‘Howey Test’ refers to the US Supreme Court’s recognized precedent for categorizing certain transactions as investment contracts. Token offerings that pass the Howey Test are considered securities and subject to special regulation. A token sale passes the Howey Test if three conditions are true: 1. the sale is an investment of money, 2. there...