Multi-utility tokens to enable Web 3.0 by providing more than financial value
The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities. Cryptocurrencies are commonly known for being a store of value, but as the blockchain space continues to mature, utility tokens are being created that extend their benefits beyond mere financial gains.Scott Gralnick, director of global partnerships for ShapeShift — a Swiss cryptocurrency exchange — told Cointelegraph that cryptocurrency can help launch Web 3.0 as more utility tokens are designed to provide functions beyond market value:“At ShapeShift, we are looking past the idea of....
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With both types of tokens forming the bulk of crypto-asset purchases, both utility and equity tokens serve different purposes. Read here! Utility tokens vs. equity tokensInvestors familiar with the concept of equity investing will find equity tokens to be an extension of the same thought process as initial public offerings while those with a riskier appetite can venture into plonking their capital on the utility tokens in which they believe.One glaring difference between utility and equity tokens is the fact that the former is not regulated as they provide access to a service rather than a....
NFT tokens are taking over the investment scene these days, with unbelievable valuations and all kinds of brands and major artists rushing in. On the technology side SmartKey shows that NFT tokens can be used for more than just speculation, bringing real value and utility to the world. The project is now listed on KuCoin, with support for trading SKEY starting on March 19, 2021. SmartKey Brings Blockchain Technology to Real Life SmartKey is a platform that connects the DeFi revolution with real world objects. Unlike so many projects in the field that promise a lot but have nothing real to....
The Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did not amount to a security offering. Token Value Growth However, in response to Kirobo’s claims, the ISA published a position paper explaining why the planned token offering should “be subject to Israeli securities regulations.” In brushing aside Kirobo’s averments, the ISA insists....
Blockchain adtech startup CakeCodes will use a “revolutionary” distribution method in the ICO for its upcoming jobs marketplace StorMarket. In a press release issued Wednesday, the company announced it would sell its STORM tokens on both an Ethereum smart contract and cryptocurrency exchange Bittrex. “The STORM utility tokens will be sold through a revolutionary hybrid crowdsale mechanism, in which $40 mln will be available to participate through an Ethereum smart contract and $10 mln worth of tokens can be obtained through [...] Bittrex,” it confirmed. Frenetic Ethereum token market. The....
Cardalonia, an NFT-powered Play to earn Metaverse project building on the Cardano blockchain has announced the listing of it’s utility token $LONIA on P2PB2B, an Estonian-based cryptocurrency exchange and one of the top 100 exchanges by trading volume according to Coinmarketcap. The $LONIA token listing partnership with p2pb2b.com will enable trading of $LONIA tokens, the utility token of Cardalonia. LONIA token is available for trading on P2pb2b.com on the trading Pair LONIA/USDT, start trading below. $LONIA is the utility token of the Cardalonia Metaverse and will give holders multiple....