Token in its Simplest Form
Are pre-minted
Token in its Simplest Form
Are pre-minted
Pre-mining means all the tokens are created at once before launch, unlike mined cryptos like Bitcoin, which are created over time through mining.
On existing blockchains
Tokens are made on top of existing blockchains using Smart Contracts
And distributed
The project team gives out tokens through a process called a token sale, where people can buy them.
For raising funds
The money raised from selling tokens can be used to help build the project and make it grow.
Ideal for Startups
Tokens are great for startups to easily raise money without relying on traditional methods.
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In Its Simplest Form
A series that breaks complex ideas down to their essence.
Stories in the series:
- Part 1, Blockchain Read it here →
- Part 2, Mined Crypto Read it here →
- Part 3, Wallet Read it here →
- Part 4, Smart Contract Read it here →
bitcoin #blockchain #crypto #theta #tfuel #smartcontract
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