Sabtu, 22 Februari 2020

Tokenswim

Dive in to the Tokenized Economy

About

Tokenswim aims to be the most valuable source for monetizing cryptographic tokens. We are creating a dashboard with an overview of the latest bounties, airdrops and dApps with it’s own open economy on all blockchains. 
In the tokenized, decentralized economy, there are no incentives on what you can own, monetize on and work for. The market is fully global and permissionless and is accessible by anyone who has connection to the internet. Unstoppable applications are being brought out each and every day and is turning the internet into the hands of the people, in an economy that everyone have access to.
This type of work opens up to new workspaces for people that are excluded from the traditional markets, as a big part of the world do not have access to banking services and and has an economy suffering from hyperinflation. The infrastructure of the decentralized world is still being built since the introduction of Ethereum in 2015, allowing the possibility of storing assets and proof of ownership as cryptographic tokens on the blockchain. Since then, a series of other protocols have been released.

The purpose of Tokenswim

  • Central source for new bounties, airdrops and decentralized applications with an open economy. 
  • Connecting blockchain projects with digital marketers and programmers. 
  • Educational content for new users in the tokenized economy. 

dApps

In order to use decentralized applications, you will have to download a wallet that can interact with the selected blockchain. The wallet works as a digital signature which will be used for signing all transactions and confirmation requests within the application. The native 
asset (cryptocurrency) and tokens will also be stored in the wallet. In order to spend or transact tokens you will need a small amount of the native cryptocurrency of the protocol, which is used as gas to pay the miners, except in EOS, where transactions are free. After making a wallet, make sure to keep your private keys in a safe place, as they are the only way to access the wallet.
When using blockchain protocols, only you are responsible for the safety of your own assets, as they are stored in your wallet. Earned tokens can later be traded into the native cryptocurrency of the blockchain protocols. Only the wallet can be used to transact assets and verify actions. Most dApps that have some sort of monetary circulation have staking pools where token holders will receive dividends for staking/freezing their tokens in a common pool that shares the profit based on the amount of tokens. There are several games where all the tokens are being mined by playing in wager games. The total amount wagered (even won or lost) equal a certain amount of tokens, that functions as stakes of the application.
Items in games can also be tokenized and stored in the wallet, which makes them fully fungible and tradeable on the open market without intermediaries. These items can also be used in other games, as developers are free to use these items in their own games. On the Ethereum network, these tokens standards are named ERC-721/1155 tokens, which are different from each other, compared to ERC-20 tokens, where equal quantity has the same value. In order to receive tokens based on top of the Stellar blockchain (XLM), you have to create a trustline to the token address

Trading

Tokens can be traded into the native cryptocurrency of the specific blockchain on decentralized exchanges. Items (ERC-721 tokens on Ethereum) can be auctioned on OpenSea. Most cryptocurrencies are available for trade on Binance.

Storing assets

In order to store your assets safely, you should store it in a cryptocurrency wallet where you have access to your own private key(s). Do not share this key with anyone as it is the only way to access your assets. Do not keep your assets on exchanges for the long term. By storing assets on centralized exchanges, your assets will always be in risk as you do not have access to the private keys. Centralized exchanges will always be vulnerable as they can be hacked, compared to decentralized exchanges (DEX) where you are trading and confirming transactions directly from the wallet. DEXes are currently only available when trading between tokens and the native cryptocurrency of the protocol.  
Author: KHAN SHIQ QHEIL
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