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Tokens

Development and use of tokens, including business cases. Discussion about both "toy" and "serious" tokens welcome.

What is a token?
Tokens are digital records of ownership. That ownership may also have special rights and obligations included with it. Common uses of tokens in the wider cryptocurrency space are for stable coins such as USDT and USDC. They can also be used to facilitate true ownership and exchange of digital assets in applications and games.

One of the simplest uses of tokens is for concert or movie tickets. More complex uses of tokens allow you to share in revenues, or access services.

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@hv_

TokTokTok Tokens soon everywhere https://coingeek.com/bayesian-labs-the-platform-over-protocol/

@ksoo

Theoretical, if we have tokens and we want to send micropayment dividends, is it possible?

@elas_digital

We believe tokens for toy/playful use cases are totally valid, but the use case has to support the play. Having a token where all you can do is send and receive is a bit boring. We are preparing to launch a wide range of token applications. Some for play, and some for more important things...

@brendon

There's a great guide for best practices for implementing SLP Tokens. https://slp.dev/guides/slp-implementation-instructions/ The SLP token ecosystem has come a long way since I was deep in it over a year ago.

@brendon

This is why I don't dismiss SLP tokens like others do, who are waiting for "real" tokens on #BSV. https://cdixon.org/2010/01/03/the-next-big-thing-will-start-out-looking-like-a-toy

@jasmr

How about defining tokens first before you start discussing them? I think I have some idea but all this stuff is happening so quickly... one persons cash is another persons gold! I am sure there are lot's of folks wanting to learn about digital currencies that might have no idea at all? I would be interested in joining this Channel if it states up front what it wants to discuss.

@brendon

I'm a little surprised that in BSV, it is generally accepted that there is no such thing as a "spam" transaction, but when it comes to tokens, "toy" tokens are bad because some people don't see value in them. If we're happy with value being in the eye of the beholder for transactions, why not treat tokens the same way?