Tokenomics Design

We help you to develop the tokenomics of your project. Tokenomics is the economy behind a project, and a well designed tokenomics can make your project more successful.
Utilizing blockchain technology, digital tokens revolutionize the way of transferring real-world assets. We provide two established methods of implementing digital tokens: Colored Coins and Ethereum Tokens.

How Digital Tokens Work

A digital token is similar to issuing a check in a digital form. The holder of the token has the right to claim the underlying asset. Any transferrable asset such as a car, a house, a computer, or also intangible assets such as property rights and licenses, can be represented through digital tokens.
If a company issues digital tokens for its stocks, for example, the receiver of these tokens possesses the right to claim these stocks in exchange for the tokens. Or to go one step further, holding a token equals ownership of the underlying stocks.
Moreover, these tokens can also be passed around between other people. Every transaction of those digital tokens is recorded on a blockchain, providing full transparency about the ownership and security at the same time without needing a central authority or clearing house to regulate anything which in return saves costs and time.
The company can even handle its whole dividend payment procedure automatically through these digital tokens because the whole logic behind dividend payouts can be embedded into each token.

Ethereum Tokens

Ethereum tokens are units of digital currency that exist on the Ethereum blockchain. They can represent all sorts of value: customer reward points, IOUs, and video game currencies can all be represented as Ethereum tokens, along with more traditional forms of finance.
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digital-token-anchor
Due to the nature of the Bitcoin blockchain, every single generated coin can be uniquely identified along with its transaction history. The smallest identifiable Bitcoin unit is called “satoshi” and depicts a tiny amount of 0.00000001 Bitcoin.
The inherent embedded identifiability and traceability of Bitcoin enables the implementation of additional ledgers on top of the existing Bitcoin ledger.
If numerous parties arrange and acknowledge to attach meaning to one particular satoshi by letting it represent another asset, they can subsequently use the Bitcoin blockchain to track ownership of this asset and its associated transactions in a decentralized and secure manner.
Assuming such an agreement has been reached, these tiny, identifiable, pieces of bitcoin (satoshis) can then be employed to represent and record assets. Such coins are called “colored coins”. Below is an illustration of colored coins procedure:
How Digital Tokens Work
Building upon the established existing Bitcoin layer and utilizing colored coins makes it easy for users to implement additional asset layers on top of it. Using colored coins, therefore, saves time and ressources which would be necessary if a separate blockchain was set up.
Furthermore, colored coins benefit from the huge amount of hashing power that the Bitcoin network already possesses which in addition protects the Bitcoin blockchain against various types of attacks.
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Ethereum tokens make it possible to buy, trade, and sell different types of assets on a blockchain. Contact Skalex if you or your business are interested in implementing Ethereum tokens.
What Are
Ethereum Tokens?
Ethereum tokens are units of digital currency that exist on the Ethereum blockchain. They can represent all sorts of value: customer reward points, IOUs, and video game currencies can all be represented as Ethereum tokens, along with more traditional forms of finance.
This are not the first form of digital currency capable of representing non-financial value. Similar programs have been developed that work by adding unique metadata to Bitcoin transactions, marking them as non-Bitcoin assets.
But unlike Bitcoin, the Ethereum blockchain supports a wide range of decentralized applications — giving Ethereum tokens an advantage over other digital tokens. For example, Ethereum is designed to support smart contracts. In fact, because it can function as a virtual machine, Ethereum is capable of running any type of application.
Time and Cost Efficiency
Ethereum tokens are easy and cost-efficient to make. In under ten minutes, they can be created using the platform’s free and open-source smart contract development tools. And you don’t have to build a wallet: the easy-to-use official Ethereum wallet is able to hold, send and receive Ethereum tokens of any kind.
Secure and
interoperable
Decentralization helps to make Ethereum secure. Because the record of transactions on a blockchain is distributed among its members, it is also highly tamper-resistant. Any attempts at fraud or manipulation can easily be detected.
Another great feature of Ethereum tokens is interoperability via APIs (application programming interfaces). This allows Ethereum applications to easily sync with other systems.
Have any questions? We are
always here to help.