Introduction Cryptographic Tokens - Wegain Tech

Introduction Cryptographic Tokens - Wegain Tech While the presence of symbols as a whole and digital tokens, specifically, is not new, the rate with which these cryptographic tokens are being released and also released is a sign that these symbols could be the killer application of blockchain lots of people have actually been waiting on.

As of April 2019, and within less than a decade since the emergence of the Bitcoin white paper, an ecosystem of over 2200 publicly traded crypto assets are listed on Coinmarketcap and over a total of 175.000 Ethereum token contracts were found on the Ethereum main network. These cryptographic tokens are issued with just a few lines of code, using a simple smart contract running on a blockchain.

These special types of smart contracts also referred to as token contracts, define a bundle of conditional rights assigned to the token holder. Token contracts are essentially rights management tools that can represent any existing digital or physical asset, or access right to assets someone else owns. Tokens can represent anything from a store of value to a set of permissions in the physical, digital, and legal world. They facilitate collaboration across markets and jurisdictions and allow more transparent, efficient, and fair interactions between market participants, at low costs. Tokens can also incentivize an autonomous group of people to individually contribute to a collective goal. These tokens are created upon proof of a certain behavior.

The ability to deploy tokens at a low cost reasonably easily on public facilities is a game-changer since it makes it economically possible to stand for many types of real-life properties in a digital manner which could not have been practical previously. Examples could be fractional possession of art or realty. This may enhance the liquidity and also openness of existing property markets. It may additionally essentially affect our financial communications, much more than may meet the eye at such a beginning of their presence.

WeGain token is also planning to launch its own exchange with a unique concept of discount exchange. It's the world's first exchange with fixed brokerage concept, wherein user will have to pay max $1 per trade irrespective of the size.

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