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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
Tokenomics: It is the economics behind a specific token. 🌚 It includes aspects such as the issuance, distribution, governance and utility of the token within the blockchain network. It studies how the economic design of the token affects its value, adoption and behavior in the ecosystem. 👇🏽
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dolvin
@dolvin
When you use tokens, there may be rules about how many you can have or how you get them. Some tokens allow you to vote on important decisions. ✅ It is a very similar process to being a shareholder in a company. 👇🏽
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