Читать книгу Blockchain for Business - Группа авторов - Страница 68

A token can be regarded as a value, stake or representation of anything functioning in a particular ecosystem. Unlike crypto currencies, they are not dependent on some platform but tokens (golem) are used for a specific platform within the ecosystem called as native token. The utility token provides products and services to the users. The tokens have the potential to promote more functionality in the business. Examples of these kinds of

models are Ripple and Stellar. The utility tokens power the network and expedite the network activities. A part of the utility tokens is held by businesses and the rest is liberated for the functioning of the network. The stake of utility token changes because it works according to the supply–demand criteria; if the demand of the product increases, its supply decreases which tends to increase in value. This way, this model provides benefit to the businesses. It involves properties such as:

1 a. Role

2 b. Features

3 c. Purpose.

Crypto Token Usage and Value

Roles	Purpose	Features
1. Right	Bootstapping Engagement	Using Products—votingAuthentication—Product accessContribution—Ownership
2. Value Exchange	Economy Creation	Rewards for Work-Selling some productPurchasing—Active/Passive workExpenses-Manufacturing product
3. Toll	Skin In the game	Running smart contractsSecurity DepositsUsage Charges
4. Function	Enriching User experience	Network joiningUsers ConnectivityUsage’s Incentives
5. Currency	Frictionless transaction	Payment unitTransaction unit
6. Earnings	Distributing profits	Profit sharingBenefit Sharing

To make the work more effective the token can take many roles as possible.