I don't know whether you have heard of the concept of token or token when you visit the relevant information of the blockchain. I believe many investors will often see it. In fact, when we understand the token, we can take these two words apart. The word "pass" means circulation, while the word "certificate" means to prove that the token is a proof of data rights and interests that can be circulated in the market, but it is issued based on blockchain technology. So, what's the use of blockchain Token? How to judge the value of a blockchain token? Next, let's have a look.

What's the use of blockchain Token?

The first is the proof of data rights and interests. The token must be a digital proof of rights and interests, representing a right, an original and intrinsic value. The pass can represent all the rights and interests that can be digitized, from ID card to diploma, from currency to receipts, from keys, tickets to points, cards and vouchers, from individual shares to bonds, and all the rights and interests of human society, such as accounting, ownership, qualification and certificates, can be represented by the pass.

The second is encryption. The authenticity, tamper resistance, privacy protection and other capabilities of the certificate are ensured by cryptography. Every token is a right maintained by cryptography. This is also the basic difference between the Token and other equity certificates, that is, the Token is decentralized, and the rights and interests represented by the Token are guaranteed by the tamper proof blockchain, not based on third-party credit.

Third, the pass must be negotiable, which may be global or partial. The higher the liquidity, the higher the pass characteristics, and then it can be verified at any time. Some of the tokens can be traded and exchanged. In fact, the pass can represent all rights and interests, from identity card to diploma, from currency to receipts, from keys, tickets to points, cards and vouchers, from stocks to bonds, and all rights and interests of human society can be represented by the pass.

How to judge the value of a blockchain Token?

1、 Look at the application field

Blockchain is caused by processing certain applications. The value of a token depends on what problems it is to solve, how promising the industry is, and what problems traditional solutions have. Can I use blockchain technology? Is it a global problem or a local problem? Is it a public chain or a private chain or an alliance chain? The wider the general application field, the greater the level of trouble overcome, and the more industry prospects, the higher its value. For example, EcoBall Ecosphere Operating System, which is a blockchain basic platform, can quickly establish various blockchain scenario applications on this platform, reduce the technical and asset barriers for enterprises and individuals to apply blockchain technology, and give play to good social value and huge economic benefits.

2、 Look at the management team

Unlike traditional industries, the main chain has not released the Token, or even started research and development and construction, but only a white paper. Whether a blockchain project is successful or not, and how high it can reach, the start-up team is particularly important. A good team must include the following talents: industry talents, technical talents and management talents. It can be said that for a good project, these three types of talents are indispensable. The higher the team strength, the more comprehensive the allocation, the greater the Token value.

3、 Look at the design of Token

The value of Tokens is directly related to the total number of Tokens. The lower the total number, the greater the value. In addition, the value of Token is also related to the distribution method. How to prepare the project party, operator and fund party Tokens? How to design air drop and encouragement? Is it inflation or deflation? Need mining? The duration of lock up will directly affect the value of Token. Good blockchain projects will distribute most of the Tokens to customers. EcoBall's Token "ABA" rewards most of the Tokens to users who have contributed to the cell. When a project party has a large number of Tokens, it is necessary to avoid cutting leeks.

4、 Look at community construction

A key word for the development of blockchain technology is "consensus". The higher the degree of consensus, the better the social governance, and the greater the value of TOKEN.

5、 Look at the financial strength

Assets are the guarantee to promote the success of blockchain projects. Whether crowdfunding funds are in place and applied as planned, whether there are other financing methods, and whether R&D assets are sufficient are key factors to determine the value of Token.

Speaking of this, I believe you have a certain understanding of what blockchain Tokens can do and how to judge the value of a blockchain Token. In general, it is not difficult to find that the token centered incentive system is very important for the operation of the blockchain network. The token has taken people's management level of digital assets to a new height, subverted the middlemen, and built an organizational equity structure and its equity distribution relationship again.