Tokens, Wallets, NFT's Flashcards
(25 cards)
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
FT Fungible Token
they can be traded or exchanged for one another. They’re also equal in value—one dollar is always worth another dollar; one Bitcoin is always equal to another Bitcoin
NFT
one token is not the same as the other
NBA Top Shots, Cryptokitties, Board Ape Yacht Club
exist on BChain, verifiable,
licensing rights - if NFT is used, you get royalty payments
Memberships, Tickets, Music, Movies, Books, Sports cards
own a piece of song and get paid royalties
Title: Home, Auto, Insurance, degrees
DAO
a software running on a blockchain that offers users a built-in model for the collective management of its code. DAOs differ from traditional organizations managed by boards, committees and executives.
connect wallet and token to vote
Treasury
the DA or tokens in the DAO
Investment DAO
people connect wallets to DAO wallet (Treasury)
create rules (what we’re going to buy)
Tokens issues to represent ownership/voting%
Tokens could be used on secondary market
Organization DAO
non-profit
grow value of treasury, issue Tokens
Protocol DAO
code on BChain - launch protocol - issue token - paid to users
token holders determine protocol rule changes
Airdrops
award for past use (kind of like a retroactive dividend)
create airdrop based on snapshot. hackers will airdrop tokens
snapshot
lookback at a specified timeframe
