Tokens, Wallets, NFT's Flashcards
Crypto Token
store value BTC, LTC incentivize others to process/mine transactions
Utility Token
ICO bubble was Utility tokens Eth how demand will their be for the network/software
Governance Token
protocols are run by protocol holders voting
Income Token
fee goes to token holders
Hybrid Token
combination of token types
Security Token
representation of real asset tezos, ravencoin
ERC20/721
Why issue a token
“paperwork” is built into code Real Estate
easier administration/distribution of funds
KYC/AML rules are embedded
creates marketplace
Web 1
Beginning of internet, email, chat rooms buy from eBay
Web 2
Interaction, Social Media, Youtube
can profit from content
Web 3
individual control
Wallet is in control of where $ goes into action
PHI all held on your token
Individual controls data, not the market
Web 3 Wallets
allows you to interact w/ blockchain/protocols
Protocol/Wallet Interaction
make sure URL is accurate uniswap
swaps take several smart contracts=gas fees
you’ll have to sign in multiple times to interact
Income/Yield
incentivize to put $ into lending pool
providing (staking) liquidity for borrows=income for me lending, insurance,
$ into USDC into LP Lending Protocols, staking insurance, etc
investing research
determine risk, how to hedge, protocol viability, liquidity, cyber risk, insurance claims
Liquidity Mining
incentivizing others to stake into protocol pool, in exchange for tokens. The longer the stake, the more tokens earned = compound roi