Sentences with phrase «utility token functions»

Maecenas's ART utility token functions as a clearing and settlement mechanism for all transactions of artwork on the Maecenas ecosystem.

Some utility tokens function like a type of membership card or software license, sometimes both plus other added benefits like community voting rights.

Not exact matches

When considering the cryptocurrency world, it will be vital to distinguish between digital assets that function as coins (currency), tokens (which provide utility), and securities (that enable investment opportunities).

(1) True Utility and Function - the CTK token is used for payments to blockchain miners who process crypto - algorithms to verify user access and security authentication functions when customers use the Cryptk platform.

The Rock Token (RKT) is the currency of choice for transactions, listings and a multitude of functions, serving as the medium of exchange and the utility coin that powers the GBX - GSX ecosystem.

TWQ is a pure utility token and does not provide any rights and functions to its holders.

Consequently, since the SEC report was issued, well - organized ICOs typically have highlighted the utility function of the tokens, rather than investment opportunities — and have required U.S. participants to meet qualified investor requirements.

Instead, they offer participation via the upside potential of utility tokens, which are essential to / derive increasing value & demand from the successful functioning / scaling up of the underlying project.

Digital tokens, called Trace tokens, are utility tokens to be used while interacting with the OriginTrail Decentralized Network (ODN) and will function to store data to the protocol or read from it.

Some are equity tokens while others are utility tokens, which often function more like a digital coupon, software license or high - tech product than a traditional investment.

An example of this is the spike in «Asset Tokens versus Utility Tokens» among projects seeking to function as non-securities.

Regardless of whether you view ICO tokens as «investments,» or whether you want to buy tokens for their utility function to make... Read More

With state - of - the - art features and a multitude of utility functions, Pinnacle Brilliance is a stellar based token that is a boon...