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dolvin
@dolvin
Hello! Today I want to tell you in a simple way and without technicalities, what 💰tokens, 🎟️tokenization and 📈tokenomics are. There is no doubt that they are very interesting concepts. Is it very evident that there is a relationship between them? Let's explore it briefly. ☺️ 👇🏽
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dolvin
@dolvin
A token: It is a digital unit that represents a "real world" value or asset in a blockchain environment. It works as a virtual 🧩 token that can be exchanged, stored or used within a specific network. Like Ether, on the Ethereum network, e.g. 👇🏽
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dolvin
@dolvin
Ether or Bitcoin are digital tokens that work like money: You can buy goods and services, they are a way to store value (like gold), they can be transferred, and their strong point is that they eliminate the need for intermediaries such as banks. . 👇🏽
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dolvin
@dolvin
Eliminating intermediaries facilitates global transactions with lower costs and virtually instantaneous processing times. All this thanks to cryptography, a key technology that allows its operation in blockchain networks. 👇🏽
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dolvin
@dolvin
Some projects are financed through Initial Coin Offerings (ICOs). Investors buy tokens and decide to hold them long-term. They use them to access services or functionalities of the project, or sell them for profits if their value increases. 👇🏽
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dolvin
@dolvin
Tokenization is: The process of converting, again, "real world" assets into digital tokens, this allows representation, transfer and trading of these assets more efficiently and transparently in a digital environment. 👇🏽
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dolvin
@dolvin
Have you heard of NFT? An example would be: concert tickets that can be represented as digital tokens, this would facilitate the sale, transfer and authentication of the tickets. Thanks to cryptographic and blockchain techniques; security is guaranteed. 👇🏽
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