Token

In recent years, there has been an enormous growth in decentralized finance(DeFi), with the total value locked in DeFi markets surpassing $6 billion. DeFi platforms, consisting of dex platforms, stablecoins, derivatives, lending, and non-fungible asset creation, have immensely grown the Ethereum ecosystem. And with Ethereum looking to undertake a significant system-wide upgrade that will involve the transition from proof of work to proof of stake consensus model, i.e., Ethereum 2.0, DeFi platforms will continue to surge the coming years.  Amidst…

On the 28th of January, PSG pointed out that its fan token is now available on Socios blockchain platform. People holding PSG fan token can use it to vote on an inspirational message to appear on the captain’s (Thiago Silva) armband on the pitch. Another token offered on Socios is an AR token hunt game for Chiliz and CH2 and may be consecutively used to purchase PSG’s fan token. Team supporters can use the fan token to vote in various…

Blockchain technology is evolving rapidly and changing financial assets and economic models. Therefore, its support for cryptocurrency development can no longer be ignored. Instead, it may soon revamp how we view money and its ever-changing nature. Tokenization is one of the main changes that blockchain has brought so far. This process converts real, palpable goods into digital tokens, enabling easy transfer and virtual manipulation. Gold is just one of the latest tangible assets to go through tokenization. Gold-backed cryptocurrencies capture…

Blockchain is primarily a distributed ledger designed to foster transparency and immutability of information and, most commonly, transactions. The idea of blockchain was initially instituted in 2009, with the most successful crypto asset, bitcoin. Since then, there have been many other crypto introductions, including the launch of the second-best-performing blockchain, Ethereum.  Ethereum introduced the concept of smart contracts, which paved the way for the speedy introduction of crypto tokens. Tokens are primarily a digital representation of another asset, real-world or…