Crypto Academy / Season 3 / Week 8- Homework Post for [@reminiscence01] Beginner's Course / Understanding Tokens by @Shylock2002

Greetings everyone,

QUESTION ONE

What do you understand by Token and give an example of at least 5 tokens and identify the blockchain it is built on. (give at least 3 different Blockchains)

TOKEN
Token:Can be simply defined as a digital assest usually running through an already existing blockchain.This we can simply say token are mostly cause on existing plafform and they also give chance for current cryptocurrencies to be made and get their prices on market.Token are also made on the improvement of cryptocurrencies project.Token is also used for trading and buying assests.

Now let’s get to know some types of token we have.

• Security token

• Reward token

• Equity token

• Non-fungible token

• Utility Token

Examples of tokens and their blockchain

TOKEN	BLOCK MADE ON
Uniswap	Ethereum blockchain
Tether	Ethereum blockchain
Klever	Tron
Bancor	Ethereum blockchain
WINkLink	Tron

QUESTION TWO

2) What is the difference between a token and a coin?

Before I start I would like to define the difference between token and coin,Because most time people have been thinking token and coin is same,But it is never the same.

COINS: Coin is the mother of its blockchain.

TOKEN: Is an already made blockchain which exist already.

COIN	TOKEN
Coins is usually use to buy token	Token cannot be use to buy coin
Coin is usually use to carry out restricted use	Token is usually use to carry out different tasks
Creating of coin is very difficult,Making it possible for users with high computing program knowledge	Creating a token is very simple

QUESTION THREE

Explain the different categories token listed below and explain its features

UTILITY TOKEN.
When it come to the utility token it usually serves as a digital entry for funding companies,Services and current projects etc.Usually buying of utility token is matched at creating profit for buyers.The utility token also present holders entry to the characteristics of the project,Which is similar voting.

SECURITY TOKEN.
When it comes to the security token it give chance to all it users to carry some shares of the company,Making it in a way that the higher token you have ,The higher share part you get.Whenever the company decide to share profit,They higher your share in the company the more profit you will have.In the security token usually users with higher share are always included in decision making.

EQUITY TOKEN.
With this type of token is normally use to declare possession of an assest,It also take it action as a traditional token.For the equity token it takes control of legal papers in an effective form.Examples includes certificates,Tokenized real estate etc.

NON FUNGIBLE TOKEN.
With this type of token it is very distinctive objects,That is it can be in a way of music,drawing and videos etc.They are usually constitute computerized on a blockchain.When it come to this distinctive object it cannot be exchanged with other token,Because each of the distinctive object possess merit.

FEATURES OF A TOKEN.

• Token is usually clear

• Token is usually use to saved worth

QUESTION FOUR

4) Make your own research and write extensively on any token you listed in question one. (Must include features of the token, the aim of the project, Use cases).

I would like to talk about the Uniswap token in this task.

source
Uniswap is a popular decentralized system and also one of the most successful which is made on Ethereum blockchain.The Uniswap is the mother token of its plafform.Ever since it an ERC-20 token,The Uniswap perform through the Ethereum blockchain.A developer called Hayden Adams created the Uniswap plafform in the year 2018.The first name of Uniswap was called Unipeg and later changed to Uniswap which is still in used.The Uniswap plafform has been able to get fame because of it duty to take parts in the machine controlled token trading.This also helped very much in solving the problems of liquidity.

In the year September 2020,Uniswap was able to deal and it was successfully of creating and giving rewards to their token.This was able to get the attention of so many users to the platform.As we speak the sum up give out of Uniswap token is one billion.

The Uniswap is currently shared in the following manner.
Users of Uniswap gets 60%,whiles group people gets 21.51% and consultants get 0.69%.

The Uniswap token has being made obtainable on so many exchanges.Which we have Binance etc.The Uniswap deals with two smart contract namely the factory and exchange contract.I would like us to get a brief description of the two contract Uniswap takkle.
EXCHANGE CONTRACT
Is purposely used for the exchange of two or more token.
SMART CONTRACT
Is purposely used to institute current tokens in the plafform.

I WOULD BE EXAMINING UNISWAP TOKEN USING THE COINMARKETCAP.



As the current time I was performing this task Uniswap was ranked #11, The price of Uniswap was $26.78,The market cap was $15,732,295,806,The volume of 24 hrs was $826,494,392,Fully diluted market capitalization was $26,781034,230.

CHARACTERISTICS OF UNISWAP

• The Uniswap is a decentralized plafform.

• The Uniswap makes it very easy for community governance

• The Uniswap is capable on performing on both factory and exchange contract.

• The Uniswap was made on Ethereum blockchain,Making it rely on the Ethereum blockchain for it purposes.

THE MAIN PURPOSE FOR THE UNISWAP PROJECT
The Uniswap was built on a decentralized plafform.Which will help community development and the ability to maintain at a certain rate.The Uniswap usually help finding answers to all liquidity problems.

CONCLUSION

I would like to thank prof @reminiscence01 ,For such a wonderful lesson.I can now boldly say I have been able to get more understanding on tokens.