Crypto Academy Season 3 Week 8 - Beginner's Course | Understanding Tokens by the professor @reminiscence01

Tokens

Basically , the token is the smallest unit of a programme . As we know that to create a blockchain is very expensive and time consuming work . Every program requires the high level programming and coding experience for creating any blockchain . Mostly , the tokens are made for introducing of the cryptocurrency project . It is used for the trading , investment , purchasing and storing of the value . We can't create any token without the allownation of the blockchain . In fact, the blockchain allows to create the tokens on them . Tokens are also called the building blocks of the programme.

Different types of the Tokens

As we have seen the different types of the tokens in this interesting lecture .

1. Utility tokens
2. Security tokens
3. Non-fungible tokens
4. Equity tokens
5. Reward tokens

Examples of the tokens and the blockchain where they built on .

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

Source

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

Utility tokens

Security tokens

Equity tokens

Non-fungible token (NFT)

Utility Tokens

It has no high liquidity . Utility tokens can be created in the blockchain with the hope of introducing a project on the blockchain . It can free trade token . It can help to capitalization of the companies , projects and development groups etc . It give users to future access to a product at discounted rates . Golem is the example to the utility tokens .

Security Tokens

It has high liquidity . It can't free trade token . It carries monetary values . Polymath token is the example of the security tokens . It often connects with the digital tokens . It has the contract like the traditional securities . It give its users to voting rights in the decision making .

Equity Tokens

It shows the ownership interest . The difference between the value of the assets and the value of the liability of something owned . It is also the type of security tokens . It has the same policy like the security tokens . It acts as a traditional stock asset. Example of equity : Slice and doccuments etc .

Non-Fungible Tokens

It is a unique token . It can't replace with another kind of tokens . It is created in the programming like bitcoin . It is also used to data store on the digital blockchain . It is available in the form of cards , drawings and music etc . Cryptokitties are examples of the Non-fungible tokens .

Features of the Tokens

1 . It is used for the trading and investment purpose .
2 . It is mostly used to store data .
3 . Tokens are tradable and can exchange with others .
4 . All tokens are non-governmental or decentralized .
5 . As we know that tokens are transparent .

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).

Source

What is PancakeSwap ?

It provides a non-governmental trading experience combined with liquidity pools . It is comparable to UniSwap . It lives on the binance smart chain . It is entered to the market on the September 01, 2020 . It was introduced to run parallel to the binance chain . This platform has faster and cheaper transactions .

Features of PancakeSwap

1. Pancake is designed especially for swapping BEP-20 tokens . Everybody can use this great platform and swap their own BEP-20 tokens .
2. It allows us to farm its own our native token called CAKE. The farming feature of PancakeSwap allows its users to deposit their LP tokens and lock them up. We can earn cake tokens as rewards .
3. Joining the pool will to make a lot of benefits in our tricks where we can get amazing rewards and tokens.
4. The user can use the lottery mechanism to draw and win the cake tokens and we can transer to any cryptocurrency and withdraw them .
5. Automated market making (AMM) helps to function improving the speeds of transactions in this platform . It can work without interference of authority during the trading .

Aim of Project

PancakeSwap is a decentralized exchange that allows us to trade cryptocurrencies and tokens without a centralized in broker , keeping supervision of your tokens all the while. It is to create on automated smart contracts establish on Binance Smart Chain, the blockchain platform run by crypto exchange Binance

Conclusion

Finally, I have learnt a lot of things especially about the tokens and coins . I did not know before about the both before this lecture . It will help to the beginners who want to trade or invest and want to understand features and types of the both tokens and coins . Now i can differenciate to the tokens and coin .

Thank you so much professor for this an amazing lecture .

Cc.

@reminiscence01
@steemcurator02

Best Regards

@shahzadprincejee