NATIVE TOKEN

mariela53 (67)in #originalworks • 6 years ago

It is important to know the name of native's founder, Mr. Jake Vartanian; also founder of Cryptodex; the first consulting firm specializing in chip launches. What is native? It is a platform that uses collective decision-making as a tool, and generates an impact through the organization of the community and thus connect to a liquidity network that helps establish prices. Native arises from the ability to create and deploy independent economies for groups of any size. The value of each economy is a global framework. This platform was created by Ethereum which allows you to generate your own token currencies.

The native token has two main functions, one is registering interest and generating local currency and the other is behaving as a reserve currency that provides liquidity and convertibility between currencies.

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"At the local level, this model will have an impact on many components related to the economic system of a community, including: 1. More efficient infrastructure for things like loans and projects in development. 2. Value of the community clearly defined and spending more transparent. 3. Smaller business cycles and independent but connected monetary systems allow users to benefit directly from their contributions as the community grows".

Among the main features we find: single community token, surveys and tasks.

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"You can see how the funds are allocated in the native token and then flow into the communities. The division that takes place between the reserve group and the development fund allows the instant liquidity of the tokens, the allocation of a capital group for the development of the platform at the level of the native token and the execution of objectives at a level community".

If the user decides to join Native this sends ETH or BNT, sends native tokens, then the user sends them to the community of their choice. Native Tokin its purpose is to launch community currencies that include: memberships, transactions and votes.
"It is important to note that the underlying accumulated native Tokens are sent to the Community Fund, which can be used for projects and tasks.The value of the native tokens is not lost in the stakeout process and the main function of the token is provide access to the community. "
"The future of native tokens and the game.
Native Token is taking the opportunity to put into practice some of the fundamental philosophies of community economy that these incredible minds are discussing:
• Robert Swann - Sustainable community currencies
• Hakim Bey - Temporary Autonomous Zones
• Simon De La Rouviere - Curation Markets
• Dimitri De Jonghe - Government Cured
• Friedrich Hayek and the Bancor team - Global Liquidity Network".

Conclusión

Nowadays, the token concept is fundamental for most of the social and economic innovations developed with blockchain technology. Smart contracts in Ethereum Blockchain allow the creation of tokens with complex behaviors attached. With the arrival of Ethereum, the tokens have uploaded the technology stack. It is important to highlight that the tokens are value units, they are investment tools, which give the user more power to carry out their transactions in a faster and safer way, in order to interact with their products, the tokens are similar to the Bicoit and they are based on the blockhain. They are more than a coin and have different uses, you have to know how to use the tokens with great wisdom.