Yensesa recently launched it’s token and this would be the perfect time to understand what tokens are.

Tokens are basically a unique unit in a system. So for the bitcoin blockchain for example,the tokens are bitcoins, cos they are unique entities, given as rewards for mining the blocks And being unique entities, they can be used to hold/represent value. Also in case you're wondering, coins are a type of token, the most popular type of token.

It's not always about value. Some other systems can use tokens to represent votes on some decision instead of money, or something else the attraction to the idea of tokens is that each is a tangible, unique entity, which can't be duplicated, only transferred

It is important to note that all coins or tokens are regarded as cryptocurrencies, even if most of the coins do not function as a currency or medium of exchange.

Tokens exist digitally as a distributed record in the register of a blockchain. To understand tokens better, it is important to realize that they are to attract investors in an initial coin offering or ICO, a means of crowdfunding.

While new Bitcoins are made through mining, new tokens are made by an individual or entity that already has Bitcoins or other kinds of digital money. Everyone can invest in a start-up with a guarantee of getting a share of the income from transactions. In this way, tokens work as stock but does not give its owner managing rights in the company.

Tokens can also function as an internal currency for buying products and services and they facilitate the investment of fiat money into the cryptocurrency-related projects. Here they perform as debentures with a guarantee of profit in a fixed period of time.

Creating tokens is an easier process than creating a new cryptocurrency. You do not have to modify the codes from a particular protocol or create a blockchain from scratch. Creating a token involves following a standard template on the blockchain – such as on the Ethereum or Waves platform. This functionality of creating your own tokens is made possible through the use of smart contracts; programmable computer codes that are self-executing and do not need any third-parties to operate.

Yensesa is working towards becoming biggest crypto to fiat exchange for Africa interfacing with mobile money networks spread across Africa and we are already supporting Steem/SBD. With the help of tokens, Yensesa wants to help alleviate poverty and educate Africa on financial freedom.
Visit our site: https://yensesa.com/index and read our blog to find out how to get a free token.

And don't forget to vote for us a witness: https://v2.steemconnect.com/sign/account-witness-vote?witness=yensesa&approve=1