CENTRE makes
further use of the token standard, however, as node operators - whether they be an app operator, a bank or another financial institution - could issue their own ERC - 20 tokens tied to a particular fiat currency to send between other parties on the CENTRE network.
Not exact matches
But investments in these new
tokens have
far outstripped their real - world
use in the types
of transactions for which they are intended.
The document defines the information needed on the availability
of tokens for accounting purposes, and the classification
of markers received by the organizations (except the National Bank, Development Bank, non-financial banking institutions and banking institutions) depending on their
further use.
As
far as the actual
token is concerned, ETH is
used in a variety
of ways but primarily to serve as what is called gas payment, which is another way
of saying it's the
token that's
used to buy or rent computational power to underpin the functionality
of the applications that are being built on Ethereum's technology.
The function
of the CARAT
Token extends
far beyond the simple purchase and sale
of diamonds: both diamond dealers and end users can
use CARAT
Tokens for the safekeeping and transportation
of their diamonds.
While that would be unpleasant, the implications for the thousands
of ICO
tokens using the Ethereum platform could be
far worse.
These papers have so
far been
used mainly for sales
of cryptocurrency
tokens and not for dApps
token sales.
We had one more drinks worth
of tokens to
use up so we wander a bit
further and I spotted a drink called Christmas in a Cup.
Funds from the sale
of RKT
tokens will be
used to
further development on the GBX trading platform and fintech ecosystem and to develop the capacity to support the business needs
of blockchain projects at any stage
of their development.
All proceeds from the release
of tokens in the ICO shall be
used to finance
further development, support, marketing
of new game - related projects.
The
token sale
further serves to finance the development
of smart contracts
used for budget accounting and royalty payments.
The funding aim concerning the pre-
token sale is 2000 ETH (6 %
of total sold
token), which will be
used for financing
further research and development
of our decentralized lending application.
Of course, the business then also has the
tokens, which we can
use to create challenges and
further increase Our revenues.
As the marijuana industry continues to grow and see
further acceptance, the Tokes project envisions providing a real - world
use case to allow seamless, efficient and non-volatile electronic payments through the
use of their
tokens.
Our QASH
token will also be
used to fuel our QASH blockchain services,
further increasing the utility
of QASH as the preferred
token for financial services.»
With barely a year
of active
use of digital
tokens, it is
far too soon to make strong pronouncements about what category or functionality «most» digital
tokens fall into.
While SyncFab has said that it may expand the
use of the MFG
token to replace the current fiat currency payments on the platform, this seems to be only speculation at this stage, especially considering that the
token sale will probably finish
far from its hardcap.
Arrington
further added that their
use of Ripple's XRP
token will improve on the current digital currency hedge fund model by resolving some major issues seen in the present model.
In return, Arrington said he hopes the fund's size will encourage a
further diversification
of cryptocurrency
use in the
token sales that often bootstrap these efforts.