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token flashcards | quizlet

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Owning a specific token grants the holder a specific set of rights within the ecosystem.

value exchange
The tokens create an internal economic system within the confines of the project itself. The tokens can help the buyers and sellers trade the value within the ecosystem. This helps people get rewards after completing certain tasks. This creation and maintenance of individual, internal economies is one of the most important tasks of tokens.

toll
It can also act as a toll gateway to allow you to use specific features of a specific system. EG In Golem, you need GNT (Golem Token) to access the benefits of the Golem supercomputer.
Function The token can also enable the holders to enrich the user experience within the confines of the respective environment. Eg In Brave (a web browser), holders of BAT (tokens used in Brave) are granted the right to enrich customer experience by using their tokens to add advertising or other attention-based services on the Brave platform.

currency
Can be used as a store of value that can be used to conduct transactions both inside and outside of the ecosystem in question.

merits
Assists in the equitable distribution of profits or other related financial benefits among investors in a particular project.

To become more valuable, a token must meet more than one of these properties. In fact, more properties that a token can have increase its rating

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