Hello lovely people, today I'll be doing my homework on Understanding Tokens.

What do you understand by Token and give an example of at least 5 tokens and identify the blockchain it is built on. ( give at least 3 different Blockchains)

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A token may be defined as a virtual asset which is operating on an already existing blockchain. These tokens are created and developed in a blockchain network which already exists. It can be seen as a lesser denomination of a Crypto currency.
A token can be used to represent an asset. They can be used to serve various purposes, such as investment purposes, to serve as a store of value or used to make purchases.

Tokens And Their Various Blockchains

TOKENS	BLOCKCHAIN
FTXtoken	Binance chain
Evripedia	EOS
Thorchain	Binance chain
Uniswap	Ethereum
WinkLink	Tron

2)What is the difference between a token and a coin?

DIFFERENCE BETWEEN A COIN AND A TOKEN

Most times people tend to mistake a coin for a token or the other way round, but in actual senses they're are two different items. The terms sometimes cause a confusion to both new and old hands in the world of crypto. However, this shouldn't be, because there are major differences between a coin and a token.

TOKEN	COIN
A token can serve various purposes/uses based on it's project platform	Coins can serve as money and used to make payments
Token are created and developed on already existing blockchains	Coins are a native of their blockchain, they have a blocyof their own.
A token cannot be used to purchase a coin	A coin can be used to purchased a token.
Creating a token is easy, because it is built on an already existing blockchain	Creating a coin is difficult because it's blockchain is built from the scratch.
Tokens are mostly distributed through ICOs	Coins are often distributed through mining

3)Explain the different categories token listed below and explain its features

Utility Token:

Utility tokens are a special kind of token which aids aid in financing and capitalizing a project start up, or a project development group. The token also gives it's holders ability to access future products and services of the company. They're distributed in massive sales (ICOs) in order to raise funds/capital on a project.

Security Token:

This is a special type of token which is issued by a company to serve as an external asset, they are put out by companies to serve as stock. Holders of this token do not have any right of ownership, but they're guaranteed make some percentages of profit from the company.

Equity Tokens:

These are tokens which is used to show right of ownership of an assets, it functions the same way as a traditional stock asset does. Holders of this tokens have rights of ownership in their various investments but not full right. In this case a token is equal to a percentage of assets/property they own. So if a person holds 25 tokens in a company, that is the same thing as 25% stock in the company.

Non Fungible token:

Non-fungible token are unique tokens, their uniqueness lies in the fact that they can't be splitter or exchanged for another NFT token. It means that NFTs are irreplacable and non forgable tokens. They can be exchanged for fiat money. An NFT can be in form of writing (book/poetry), painting/drawing or in form of a games.

FEATURES OF A TOKEN

1. Tokens are often transparent
2. Tokens are not controlled by any central entity. They're decentralized.
3. Token can be bought, sold and traded

4)Make your own research and write extensively on any token you listed in question one. (Must include features of the token, the aim of the project, Use cases).

WINKLINk

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Blockchains are good and trustworthy storage system, where all data stored is verified and cannot be meddled with. However, some of these blockchain networks do not have access to external information, and sometimes cannot decide if the information is credible.
After the development of the TRON network one of the first tokens to be built in it's blockchain is the WinkLink.

WINk (WIN) is a gaming platform based on TRON blockchain, it's native digital assets is WIN. It was founded/mastermimded by Nathan Smith and it gained about $20 million funding. WINk makes use of several incentives like new token economics and user mining to make sure their users get a high quality decentralized gaming experience. It is a space for developers to create/build high functioning DApps, that will incentivize users to become active part of the ecosystem (WINK).

AIM

WinkLink is a decentralized Oracle which aims at solving the problem of connecting real world data through smart contracts, and to ensure the reliability of data through a decentralized mechanism.
The WINkLink oracle service exclusively connects the blockchain space with the real word. This is achieved by giving reliable, trustworthy, transparent, up to date, timely and tamper-proof information to any sophisticated smart contracts powered by blockchain. WIN, being a TRON-based TRC20 token, will be the functional and dominating token of the network.

USE CASES

Used to deliver reliable price data to DeFi platforms:

Decentralized financial apps offers prices for exchange of tokens and for loan mortgage. WINkLink’s built-in price oracle system provides accurate and trustable price feeds for DeFi-building developers.

Boost TRON ecosystem building:

Smart contract of WinkLink has the ability to easily access any information thereby creating a reliable data ecosystem in numerous companies. It is able to provide better services for developers and users due to it's faster, cheaper and stabler transaction.

Trust-worthy off-chain data for more use cases:

WINkLink Oracle gives developers the power to use any data of the real-world, like weather, sports, news. Developers is capable of building custom-made oracles on the network, and connecting with smart contracts with the real world within a short time.

WIN STATISTICS

price of WIN at the time of post

Price graph of WIN
Source

WIN	DATA
price	$0.0006688 USD
24hr trading volume	$107,638,278 USD
Live market cap	$511,368,970 USD
Circulating supply	$766,299,999,999 win coins
Max supply	$999,000,000,000 win coins

FEATURES

1. It provides a reliable real world data feeds for developers
2. Provides credible and authentic data/information
3. It is a decentralized Oracle
4. It is a gaming platform