Homework post for @pelon53 on Steemit Crypto Academy Season 2: Week2| TOKENS, PARTE 1: by @kelechisamuel
Very amazing lecture by @pelon53, without wasting much time, I will move straight to the answers
Answer 1
Security token could be defined as important cyber liquidable parts of an a crypto asset be it whatever .This further explains that investors have in mind that their shares or ownership stake remains on the coin block chain . This could be seen also as peripheral source of assets gaining by investors who stake their coins for tokens on a crypto network . The token is used in addition to or in place of an access to a particular block chain. It acts like an electronic key to access something. Examples include a wireless Swipe car opening a locked door, or in the case of a customer trying to access their bank account online, the use of a bank-provided token can prove that the customer is who they claim to be.
Some tokens may store cipher codes that may be used to generate a attestations, or bioscrypt data, before access could've granted to the block chain .
So far we can say that SIA funds are an example of security tokens
Answer 2
Utility token is defined as a digital token that provides absolute gateway to a product or service on the blockchain. The utility token provides access in a way similar a ticket providing access to a sporting event.
Similar to a token in a Fant gallary, utility tokens are designed to provide access to a system. Unlike coins or currency, they are not designed as a store of value. Instead they have programmable potential built in. In other words, utility tokens are designed so programmers can build software around or in them and users can interact with the software using the tokens.
Ie the these tokens are used for performing transactions or doing anything on the block chain eg Timi tokens are used for performing transactions on the Timicoin network
Some coins like Ethereum were established so that other cryptocurrencies and tokens could be built on top of them. OMG is a cryptocurrency built on Ethereum. There are games and productivity apps also built using Ethereum’s token. EOS is another token built using its own system, independent of Ethereum.
Answer 3
Equity tokens as the name implies represent a part of the security tokens that show dominance of an asset ,stock or holding .
This token assert rights over a blockchain which could be ownerships or even voting rights
These tokens are given over maybe due to by investors so as to help their encouragement in the development and growth of the block chain as well as the fact that they are closely changeable
Understandably too we could see equity tokens channeled towards becoming a part of Initial Coin Offerings as we saw in our previous lessons
These tokens remain beneficial as they ensure holding of stock in buyable quantities by public traders and prevents it from being less ambiguous
Furthermore we could explain this token as being a representation of third party assets
They benefit traders too by aligning their interests with that of the other investors
An example of equity tokens could be better explained by Neufund a blockchain activated investing and money raising platform and allows marketing become a function of everyone who is a trader /entrepreneur making investing better and less stressful