Hello Steemians,

Today I will make my homework for professor @reminiscence01. Thanks, Professor for this homework.

Source

Question 1:

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 three different blockchains?

Token

Crypto token is a kind of digital money that addresses the resources and explicit use and dwells on their blockchains. At the end of the day, we say that token looking like a coin gave for use by a specific gathering. The token is likewise a progression of pieces that circles on a symbolic ring organization. Tokens are additionally computerized resources based on previously existing blockchain to address a utility or administration. It can be achieved with smart contract technology, where programs on a Blockchain network are stored. There exist many tokens which are already developed on platforms already existing.

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Types:

There are five following types of tokens.

• Reward token
• Security token
• non-fungible token
• Equity token
• Utility token

Examples:

The following examples of tokens are given below:

Token	Blockchain
Uniswap	Ethereum
Tether	Ethereum
BitTorrent	Tron
Klever	Tron
WINKLink	Tron
Thorchain	Binance chain
Everipedia	Eos

Question 2:

What is the difference between a token and a coin?

Most people do not understand that we should buy coins or buy tokens. Both are known as cryptocurrencies. These two names make people wonder what we should buy.

Token	Coin
The tokens are not used to purchase coins	On the other side, a coin is used to purchase tokens.
The token is specifically used in the project's ecosystem	Coins are the currency for selling and buying things.
Tokens are easy to create as compare to coin	While coins are very difficult to create as compare to tokens.

Question 3:

Explain the different categories of tokens listed below and explain their features?

• Different Categories of tokens are:

• Utility token
• Security token
• Equity token
• Non-fungible token (NFT)
• Features of a Token

Utility token:

Utility Token is a type of token created by blockchain users Which helps to fund or finance projects. The creation of the utility token helps them to access specific services. Utility tokens give the holder access over the future to the company.

Security token

a security token is a special token provided on a blockchain (permissioned/ permissionless) which represents a stake in a foreign asset. A business organization can provide security tokens that can serve as bonds, stocks, and some others.

Equity token:

Equity tokens are usually tokens for claiming or disclosing an asset or property. It's almost like the traditional way. But these tokens have some kind of documentation in virtual form like these digital certificates. Equity tokens can be like this stock, options contracts, tokenized companies.

Non-fungible token:

An non fungible token is a digital blockchain part store unit. It is used to present different items like photos. it is built-in programming like crypto and ethereum.

Features of a token:

• It is decentralized and built on Blockchain.
• Tokens are used for investment security token.
• Token is tradable and is able to exchange with other tokens.

Question 4:

Make your own research and write extensively on any token you listed in Question 1.

Uniswap

Uniswap, is the best known as Decentralized Exchange and they are consider most successful. it is based and supported inside the Ethereum blockchain and with it we can complete trades of various digital currencies, with low commission costs, you can likewise bring in cash with her, which has shot her as one of the primary ones.

• According To Coinmarketcap.com it is ranked number 11 with the value of $26.19. and a capitalization value of $ 15,389,718,056.

Source

• Uniswap works with ERC-20 tokens, launching UNI on September 16, 2020.
• this is a token that was born from the need of the decentralized Exchange
• to look for interest in its forward leap and infuse fluids into the convention, giving clients power in the vote in a dynamic and hence work together in the administration of the convention, the local area depository, and on the expenses charged by the holders of the token when actuated.

Features of Uniswap:

• Uniswap distinguished itself from other crypto exchange platform.
• Uniswap is protocol on Euthereum for swaping ERC20 tokens.
• Uniswap is able to trade.
• It is also decentralized.
• Uniswap is more flexible and efficient.

Aim of the project:

Uniswap is decentralized market which account for growing throw share of crytpocurrency trading . The main goal is further increase the protocols decentralized by offering end users to achieve.

Conclusion:

The clients who need to exchange, for them the detail of token and coin is important. For the Beginner's it is important to comprehend the provisions, kinds of coins, and tokens. At the point when we comprehend these two things then we can make exchange without any problem. The primary significant thing is the distinction among coin and token makes us more fruitful about exchange.

Thanks @reminiscence01