This article explores how Sign works, its flagship products (such as TokenTable, SignPass and EthSign), its native token (SIGN) and how to trade SIGN on Bybit.

Sign is an omnichain attestation infrastructure that empowers users and developers to verify real-world claims on-chain. Built for a more transparent and decentralized future, it eliminates the need to “just trust” and enables everyone to verify with cryptographic proof.

This article explores how Sign works, its flagship products (such as TokenTable and EthSign), its native token (SIGN) and how to trade SIGN on Bybit.

 is an omnichain attestation protocol designed to make it easy for anyone to verify the authenticity of any claim — 

. Whether it’s a document, credential or user identity, Sign transforms traditional trust models into verifiable, cryptographic attestations. 

Sign’s mission is to replace outdated, opaque validation systems with transparent, 

 proof — enabling a future where “verify” replaces “trust.” Through tools like schema registries and digital signatures, Sign empowers users to bring accountability and integrity to digital interactions.

Sign is developed by the team behind EthSign, a 

-native e-signature and agreement platform. Its core team brings deep experience in 

 development and cross-chain integrations.

The project is backed by top-tier investors, including Sequoia Capital China (now known as HongShan Capital Group), Mirana Ventures, HashKey Capital and Hack VC.

This strategic funding positions Sign as a foundational layer in the web3 infrastructure stack.

Sign allows users to create attestations — cryptographically signed statements that prove the validity of claims, such as credentials, achievements or actions. These digital proofs can be verified by anyone at any time, making them tamperproof and transparent.

Sign’s key technical elements include a schema registry that ensures consistent data formatting, digital signatures proving authenticity, and on- and off-chain attestations with support for revocation or updates

This system acts like a programmable layer for web3, bringing a new level of trust to identity, credentials and data exchange.

TokenTable is Sign’s flagship token distribution platform. It helps projects unlock, distribute and manage tokens transparently and securely at scale.

It uses Sign’s attestation engine to verify token unlocks, 

 and vesting schedules, ensuring traceable, auditable token flows.

SignPass is a blockchain-based identity solution that brings real-world credentials on-chain. One notable implementation is the Sierra Leone PR Card, used for the world’s first government-approved on-chain permanent residency program.

SignPass offers encrypted on-chain records for easy 

 verification, physical ID issuance for daily identity use and streamlined digital application systems for cross-border access.

It showcases the way blockchain can modernize public sector services worldwide.

EthSign is a decentralized contract signing platform that lets users create, sign and store legally binding agreements directly on-chain. It removes intermediaries and ensures documents are immutable and accessible.

EthSign reinforces Sign’s mission by bringing traditional documentation into the realm of verifiable web3 attestations.

The SIGN token is the native utility token powering the Sign ecosystem. It’s used for:

The total supply is capped at 10 billion SIGN, with 1.2 billion tokens in circulation. While the fully diluted valuation (FDV) sits above $746 million as of May 7, the circulating market cap is approximately $89.6 million. SIGN continues to gain traction across exchanges and developer networks.

SIGN is available for trading on Bybit via Spot trading and as a USDT Perpetual contract. Bybit offers up to 75x leverage for the SIGNUSDT Perpetual contract and supports secure, high-liquidity spot trading.

Start exploring the future of attestations with SIGN on Bybit today.

Intermediate

sign.png

Sign (SIGN): Web3 protocol for trustless attestation

Compliant trading means following platform rules and avoiding manipulative behavior. Learn more about how you can trade responsibly and compliantly on Bybit.

Crypto trading has come a long way from what used to be the domain of institutional players, and is now open to almost anyone with an internet connection. It’s easier than ever to buy and sell digital assets, try new strategies or build a portfolio from scratch all within minutes.

But with that level of access comes responsibility. As more people join the market, the need for fairness and accountability has become even more important. This isn’t just about price charts or profits — it’s about keeping the playing field level for everyone involved.

At Bybit, we take that responsibility seriously. We're here to offer the tools, safeguards and education you need to help you trade responsibly and to protect the platform from misuse.

This article describes what it actually means to trade compliantly, why it matters — and what can happen if things go off course.

Compliant trading means playing fair, following the platform’s rules, staying within the boundaries of what’s allowed and avoiding anything that could unfairly affect the market.

It’s not about avoiding risk: it’s about knowing what you’re doing, using official tools the right way and making sure your trades aren’t causing harm to yourself or others.

In short, compliant traders don’t just focus on their P&L — they understand that how they conduct themselves while trading matters. Responsible trading protects their accounts, keeps the platform stable and builds long-term credibility in the crypto ecosystem.

Why does responsible and compliant trading matter?

It’s easy to assume that compliance is only something platforms or regulators need to worry about. But in reality, every trader plays a part. When someone attempts to exploit the system — for example, by coordinating mass trades through off-platform channels — the consequences can ripple across the entire market.

In extreme cases, irresponsible trading behavior can:

And if the trades in question are linked to coordinated action, use of fake accounts or external bots? That opens the door to account freezes, compliance reviews and, in some cases, permanent suspension.

Bybit has a responsibility to act when the system is being abused — not just for legal reasons, but in order to protect honest traders.

Common examples of noncompliant or risky behavior

Some traders join Telegram groups or online communities in which KOLs (key opinion leaders) give out coordinated trading instructions (for example, “Buy token A now, sell it in an hour”). This practice isn’t just risky: it often involves a small number of insiders benefiting while the majority end up with losses.

When many people follow the same instruction all at once, it can artificially inflate the price of a low-liquidity token. The KOLs then exit at the top —while others are left with falling prices and unexpected liquidations.

Such a textbook case of market manipulation violates our Terms of Service and, depending upon jurisdiction, could violate financial laws.

Using bots or unverified trading strategies

Some Telegram groups may seem convincing, but trades coordinated off-platform are often unverified and may serve someone else’s agenda. 

 programmed to front-run trades, mimic pump-and-dump strategies or follow unverified signals can trigger compliance red flags and may lead to account restrictions.

Bybit does not support trading bots from unverified sources. They can also trigger flags in our monitoring systems, which may result in account suspension.

Using another person’s account or sharing login credentials — even if it’s with a family member — goes against both Bybit’s policies and global 

(AML) rules. It also opens the door to fraud, loss of funds and irreversible penalties.

Tips for responsible and compliant trading on Bybit

The good news is that there’s a better way to trade — responsibly, safely and with confidence, starting with the right tools, mindset and habits.

Use copy trading the way it’s meant to be used

 is one of Bybit’s most trusted features, and for good reason. It gives users access to professional traders’ strategies while maintaining full transparency. However, it only works if you follow verified 

These traders have been vetted and their stats are fully visible. You can view their P&L, risk settings and trade history. Bybit also provides built-in tools, such as 

 and staking products allow you to earn passive yield with minimal effort. These products are fully backed by our infrastructure and undergo regular audits, and are a compliant way to generate returns without chasing risky trades.

No matter how convincing a Telegram group may sound, remember that trades executed outside of regulated channels are unverified and often unaccountable. They may be coordinated for someone else’s gain.

 offers a wide range of articles and tutorials, covering everything from indicators and oscillators to advanced portfolio strategies. Before following any external signal, it’s worth spending 10 minutes to understand the rationale behind it. In trading, knowledge is your best form of compliance. Before you enter any position, ensure that you fully understand the asset you're trading, the current market conditions and the risks involved.

, never share your login credentials, and always enable two-factor (2FA) authentication. In addition, all trading activity should originate from your own account and remain under your own control.

Bybit’s systems are designed to flag irregular behavior. If your account is found to be engaging in prohibited activity, even unintentionally, you may be:

We take these steps in order to protect the broader user base and to uphold market fairness.

Being compliant doesn’t mean missing out on opportunity. In fact, it’s the opposite. It means you’re using the platform the way it was designed, with safeguards, transparency and trust. Shortcuts might look appealing in the short term, but they rarely end well. The most successful traders on Bybit are the ones who understand risk, stay informed and trade with integrity.

Take the time to learn and use the tools available to you. And remember: protecting your account starts with choosing how you’ll trade.

Beginner

compliant trading.png

How to trade compliantly and responsibly on Bybit

Discover how DAI evolved into USDS under the Sky protocol—unlocking passive rewards, scalability, and a new era of DeFi with Sky Token Rewards.

In September 2024, MakerDAO, a pioneering 

 (DeFi) protocol, underwent a significant transformation by rebranding itself as 

 (SKY). This rebranding was part of the project's comprehensive strategy to enhance scalability, user engagement and regulatory compliance. The major changes that came with the rebranding include token upgrades, whereby the platform’s stablecoin, Dai, was upgraded to USDS (Sky Dollar) while the 

Let’s take a deeper look at USDS and its role on the Sky platform.

USDS (United States Dollar Sky) is the upgraded version of the Dai stablecoin, launched under the newly rebranded Sky protocol (formerly MakerDAO).

 Like DAI, USDS is a decentralized, overcollateralized stablecoin designed to maintain a 1:1 peg with the US dollar.

However, USDS significantly improves scalability, user incentives and regulatory positioning, making it a next-generation solution for DeFi.

One of the standout features of USDS as a stablecoin is that it creates 

 opportunities for its investors. With USDS, you can access the Sky Savings Rate (SSR) feature, which allows you to participate in the Sky ecosystem's governance by accumulating Sky Token Rewards (STR) (presented in the form of SKY tokens).

SSR also features a variable automated token accumulation feature, whereby you receive 

 to the SSR program. This passive earning potential offers a major advantage for users seeking yield without complicated 

Sky uses a dynamic model that adds USDS to the SSR pool every few seconds. Over time, the value of sUSDS in the particular pool increases. You can then opt to redeem your sUSDS for USDS, and receive the USDS you initially supplied in addition to the USDS equivalent you’ve accumulated.

These rewards serve as an incentive mechanism, enabling users to passively grow their holdings while supporting the health and stability of the Sky ecosystem.

Upgrading from DAI to USDS is straightforward. Users can visit Sky.money and initiate the upgrade directly through a noncustodial, user-controlled process.

The platform provides a simple interface on which users connect their wallets, exchange their existing DAI for an equal amount of USDS and instantly become eligible for yield accumulation and other Sky ecosystem benefits. There are no fees for the upgrade, and users retain full control of their assets at all times.

USDS isn’t just a stablecoin; it’s an evolution of DeFi money. With passive earning through Sky Token Rewards and a smooth, secure upgrade path, USDS sets a new standard for the way decentralized stablecoins can deliver value and financial empowerment to users worldwide.

USDS and DAI are both decentralized stablecoins originally developed under the MakerDAO ecosystem (now Sky). While they share the same core principle — overcollateralization and the maintenance of a 1:1 peg with the US dollar — USDS represents a major evolution of DAI, introducing additional incentives designed to enhance user experience, scalability and regulatory alignment.

DAI has long been a favorite in the DeFi ecosystem, allowing users to generate stablecoins by locking up crypto collateral such as 

. DAI features a savings program, the DAI Savings Rate (DSR), from which people can earn 

 (sDAI). While the DSR program is still running, upgrading to USDS lets you earn two types of rewards through the SSR program: sUSDS tokens and Sky Token Rewards (STRs).

In addition, USDS is well positioned to meet regulatory requirements, aiming for broader mainstream adoption while maintaining decentralization.

Below is a comparison table between DAI and USDS:

USDS is backed by collateral that’s deposited in Sky vaults by borrowers. In return, the reserves for these vaults are backed by three main assets: 

With a market cap of over $8 billion, USDS is the currently third-largest stablecoin after 

 is more complex than that of typical stablecoins, as it includes liquidation mechanisms and a peg-stability module. However, an audit of USDS’s smart contract in September 2024 didn’t report any significant risks with the stablecoin. Notably, S&P Global Ratings 

 of 4 out of 5, indicating constrained ability to maintain its peg under certain conditions. 

​Additionally, the proposal to include a freeze function for USDS, which bestows upon the Sky protocol the power to halt USDS transfers between wallets, has sparked heated discussions within the community, highlighting the ongoing conundrum of balancing security measures with principles of decentralization.

The evolution of DAI to USDS marks a major leap forward for DeFi. By combining DAI's trusted and overcollateralized model with additional passive earning opportunities through Sky Token Rewards, USDS empowers users to enjoy greater financial benefits with less complexity.

The streamlined upgrade process and stronger regulatory positioning set the stage for broader adoption and a more resilient future. As Sky continues to build, USDS represents more than just a stablecoin — it’s the foundation of an open, accessible and more rewarding financial ecosystem for everyone.

usds crypto.png

From DAI to USDS: Unlocking an open Sky for a more rewarding future

Vietnam is establishing a crypto regulatory sandbox and legal framework to bring clarity, security and oversight to its fast-growing digital asset market.

With a tech-savvy population and high rates of crypto adoption, Vietnam is a hotbed of crypto activity. About 17 million of the population own digital assets, as blockchain market flows into Vietnam reached $105 billion from 2023–2024, 

. However, the absence of a clear legal framework has posed challenges for investors, businesses and regulators. Recognizing the need for structured oversight, the Vietnamese government has initiated decisive steps to establish comprehensive regulations for the crypto sector. 

This article delves into Vietnam's current stance on cryptocurrencies, its implementation of a regulatory sandbox, collaborative efforts with industry leaders like Bybit — and the broader implications for traders and the crypto industry.

Vietnam currently lacks a formal legal framework that specifically addresses cryptocurrencies and digital assets. As a result, these digital currencies operate in a regulatory gray zone — neither fully legal nor banned. Existing financial laws only recognize electronic money tied directly to fiat currencies, such as prepaid bank cards and e-wallets, leaving cryptocurrencies like 

This lack of legal clarity has pushed many crypto-related businesses to register in jurisdictions with clearer regulations, such as Singapore and the United States, before operating within Vietnam. A workaround that has led to the loss of potential tax revenue has weakened the competitiveness of Vietnam’s domestic market in the growing digital economy.

Still, despite this uncertainty, Vietnam ranks among the top countries globally for crypto ownership and trading volume, and the stark contrast between widespread adoption and the absence of clear regulations points to the urgent need for a comprehensive legal framework. Recognizing this, the Vietnamese government has begun drafting new regulations to bring clarity and oversight to the digital asset space.

A regulatory sandbox is a controlled environment that allows financial technology innovations to be tested in real-world conditions for a limited time under the watchful eye of regulators. It provides a safe space in which to experiment with new products and services, while ensuring that consumer protection and market stability remain a priority.

How does Vietnam’s regulatory sandbox initiative work?

Vietnam’s regulatory sandbox is designed as a safe, controlled space in which financial technology innovations — including those involving digital assets and cryptocurrencies — can be tested under regulatory supervision. It operates under a multi-agency governance structure, with the 

This committee is responsible for licensing participants, supervising operations, assessing potential risks and ensuring the overall stability of the fintech ecosystem. It works closely with the State Bank of Vietnam (SBV), which was officially assigned to develop the sandbox under newly minted 

, as well as other key agencies like the Ministry of Finance and the Ministry of Public Security.

. The Ministry of Finance is responsible for developing legal guidelines and licensing service providers, while the Ministry of Public Security focuses on combating fraud, money laundering and other criminal activities within the digital asset market. Lastly, the State Bank of Vietnam monitors the impact of digital assets on the country’s monetary policy and overall financial system.

, businesses must undergo a formal assessment process. Eligible participants include credit institutions, independent fintech startups or fintech firms partnering with banks. After passing initial evaluations by the SBV, approved entities receive a registration certificate signed by the prime minister. These businesses then enter a testing phase lasting one to two years that allows regulators to observe how the businesses’ operations function in a live but supervised environment.

 preventing money laundering, managing digital asset transactions, regulating crypto mining activities and establishing oversight for the issuance, ownership and trading of 

. This initiative will roll out gradually, starting with the launch of financial centers in Ho Chi Minh City and Da Nang in 2025. 

 using crypto assets are expected to begin by Jul 1, 2026. 

How Bybit is supporting Vietnam in its path toward regulatory clarity

Bybit is closely collaborating with the Vietnamese government, particularly the Ministry of Finance, to contribute to the development of a regulatory sandbox. This controlled testing environment allows new crypto regulations to be explored and fine-tuned before being rolled out nationwide. During the 

, Nguyen Van Thang, Bybit CEO Ben Zhou emphasized the importance of building a secure, transparent and innovation-friendly crypto ecosystem that protects investors and upholds market integrity.

 is its technical support for Vietnam’s pilot crypto trading platform, which is operating within the sandbox framework. This initiative enables regulators to safely observe real-time crypto transactions and better understand market behavior. Bybit brings its deep expertise in areas like system architecture, transaction monitoring and the implementation of robust compliance tools, such as 

 (KYC) protocols — essential elements for ensuring digital assets aren’t misused, and that regulatory standards are met.

Enabling Vietnam’s crypto infrastructure

But Bybit’s involvement goes beyond technology. The exchange is also focused on empowering Vietnamese regulators through hands-on training and capacity building. These sessions are designed to equip officials with the skills and knowledge needed to effectively oversee a fast-growing crypto market. The 

 has been tasked with working directly alongside Bybit to explore future steps, a move that reflects the Vietnamese government’s confidence in Bybit’s global track record and regulatory experience.

While mainly focused on compliance, this collaboration is also a forward-looking partnership aimed at creating a balanced regulatory environment that nurtures innovation while ensuring financial stability. Bybit is helping Vietnam lay the foundation for a legal framework that can adapt to the rapid evolution of crypto technology. In doing so, the country is firmly positioning itself as a leader in the digital economy.

Why this matters for crypto traders and the industry

Vietnam’s move to establish a crypto regulatory sandbox (and eventually, a full legal framework) means greater security and peace of mind for individual investors and traders. The sandbox enforces strict KYC and AML protocols, reducing the risk of 

. With clear rules expected by May 2025, traders will finally have legal certainty, allowing them to operate confidently without fear of running afoul of unclear or outdated regulations.

For the crypto industry, the sandbox offers a rare opportunity to test new products and services under the watchful eye of regulators without immediately facing the full weight of compliance laws. This creates room for innovation that will help exchanges, token issuers and startups build trust and scale faster. The government’s support for building financial centers in cities like Ho Chi Minh City and Da Nang adds momentum, turning Vietnam into a potential regional hub for crypto businesses and investors.

As the framework takes shape, clearer licensing and operational guidelines will enable crypto platforms to run with greater transparency and reliability, boosting confidence for both institutional players and everyday users. Integration with national data systems will also strengthen transaction monitoring, and reduce risks related to energy-heavy mining operations or illicit activity. With major industry players like Bybit helping to realize this vision, Vietnam is laying the groundwork for a secure and innovation-friendly market.

Ultimately, this regulatory shift benefits everyone: Traders get protection and clarity, and industry players gain a supportive environment in which to grow. Vietnam will be positioning itself as a forward-looking nation that’s ready to welcome the future of finance, attracting foreign investment, driving adoption and unlocking new revenue streams to support economic growth.

Vietnam is taking bold steps toward regulating its crypto market through a structured regulatory sandbox and partnerships with industry leaders like Bybit. These efforts aim to create legal clarity, protect investors and encourage innovation. For traders and businesses alike this marks a turning point, ushering in a safer, more transparent and opportunity-rich environment as Vietnam embraces an alpha role in the global digital economy.

vietnam crypto regulations.png

Crypto regulations in Vietnam: A path toward regulatory clarity

Crypto

Of course, you know Bitcoin. But how much you know about the rest? Here are the different types of cryptocurrency you must know!

Types-of-Cryptocurrency.jpg

coin-litecoin-bitcoin-closeup-beautiful-background-concept-digital-cryptocurrency-payment-system-1024x636.jpg

All hail to this brave new crypto world! You may or may not have heard of Ethereum, but surely you know something about Bitcoin. But, what if I tell you that there are many other types of cryptocurrency out there? Ranging from web3 tokens, ICO tokens, 

, you’ll be surprised what this dynamite crypto space has to offer.

With the altcoin season on the bull and Bitcoin prices continue to surge, especially when Elon Musk changes his 

. The crypto market like a colossus and the industry will continue to blossom into something even more substantial. 

So, if you’re curious about what’s next after Bitcoin, read on as we dissect the different types of cryptocurrency. Perhaps, you’ll also find some insights to diversify your investment portfolio.

Just like the type of fiat currency (your usual dollar bill), 

 is decentralized, relying only on the peer-to-peer community computer network made up of users’ machines or “nodes.” That means it is independent and not governed by a central bank or monetary authority. Also known as virtual currency or digital currency, cryptocurrency is often recognized as a medium of exchange for transactional purposes. 

In contrast to U.S. dollars, cryptocurrency ownership is usually recorded on a blockchain that uses a few vital components. In the case of Bitcoin, it’s a ledger distributed across every node in the network, encrypted transactions, timestamp server, 

, and the network of running nodes itself. 

Such a setup extends the capability of cryptocurrency beyond just regular money, as you’ll see in the case of crypto tokens. But more importantly, being the first currency built differently, Bitcoin started a big decentralization trend where governments and traditional banks no longer have a say in your privacy.

There are three types of cryptocurrency out there. That includes 

In 2008, an anonymous developer known as Satoshi Nakamoto published a whitepaper describing the first electronic cash independent of governments or banks— 

. Unlike traditional online payment, it promises a lower transaction fee, and it’s completely decentralized. 

There are no physical bitcoins, but only the balances kept on a decentralized public ledger system, known as a 

. These balances of Bitcoin tokens are subsequently kept using 

 to decrypt the encryption. To put it in simpler understanding, the public key is like your bank account number for you to send or receive bitcoin. In comparison, the private key is a secret key for you to authorize a bitcoin transmission.

As a cryptocurrency, Bitcoin is accepted as a means of payment for products sold or services provided that works just like fiat currency. Although it’s decentralized, the most intriguing part of bitcoin is its competitive exchange rate against the dollar attracting potential investors and traders. Despite it not being legally tendered, Bitcoin remains a popular type of cryptocurrency and has inspired many creators to launch their cryptocurrencies, collectively referred to as altcoins. 

 was the only cryptocurrency, but later, other projects started to emerge. Hence, the born of 

? All of them and many others were born out of their native platforms, native blockchains, and all of them were slightly different from the Bitcoin blockchain.

 were mostly developed for the single-purpose use case, to serve as a digital currency that somehow could be better than Bitcoin – at least according to the developers of these projects.

To put it simply, they were made to compete with Bitcoin by changing the rules to appeal to different users. And although some of them do challenge Bitcoin after all these years, ironically, the good old 10-year-old grandpa still 

. Simultaneously, all the other types of crypto coins are popularly styled now as 

Now, crypto tokens are normally developed to kickstart the crypto-related ecosystem. You know, it almost works like bonus miles. You can’t buy a loaf of bread for accumulated miles, but you can buy a plane ticket, and the more miles you have, the better it is for the airline’s ecosystem. The same approach works with crypto tokens!

No worries, you’ll find some practical examples later in the article. For now, just understand that crypto tokens don’t necessarily have their native blockchains and can be easily developed on top of other platforms. Compared to crypto coins that play a currency’s role, tokens often serve a particular function like voting for changes or rewarding people for participating in the network.

Based on which functions crypto tokens serve, they can be segregated into several categories:

One significant difference between ERC20 tokens and all the other token types is that ERC20 tokens are created on top of the Ethereum blockchain. 

 is not even a token but more of a token standard. Say a company decides to launch a dApp, a decentralized app, on the Ethereum platform. For their token to work, they need to produce it in agreement with the ERC20 standard that defines a set of rules.

Hence the tokens below can all be considered ERC20 as long as they are launched on the Ethereum platform. Below we will explore different categories of tokens, and some tokens can be in more than one category as well. 

One way for a crypto trading platform to differentiate itself from its competitors is the variety of currency pairs and

These tokens are value-adding because users can use them to pay fees, buy and sell other cryptocurrencies or power certain operations such as community voting for new coin listings.

Arguably, the best known and most liquid of all exchange tokens is the 

 for the Binance exchange. Still, there are, of course, also other exchange tokens, such as Huobi Token (HT), KuCoin Shares (KCS), Bibox Token (BIX),

 were all the hype during the summer of 2020, known as DeFi summer. DeFi stands for 

 and refer to decentralized applications involving finance, such as 

 has risen from $1B in 2020 to over $100B in 2022 amid Bitcoin’s 

. So, does that mean it’s a potential channel to disrupt the crypto niche? If yes, how so?

Believe it or not, the crypto niche is still centralized. Take Binance for an example; it still belongs to a group of people that contradicts Satoshi’s vision.

 is its aim to steer away from the traditional crypto platforms. The DeFi projects aim to enable users to borrow and lend within a peer-to-peer network, leverage the loans, and “farm” tokens for simply being active.  

Those “farmed” tokens or tokens produced on top of those platforms are DeFi tokens that include but are not limited to

 are used for the purpose of making decisions that will dictate or govern a protocol's future. Token holders have voting power, and thus a say in decisions about new feature proposals and changes to the project's governance system.

There are more and more decentralized protocols that boast on-chain governance that allows governance token holders to influence a decision through the in-place voting systems. As Dapps are on the rise, governance plays an essential part to create a synergy where stakeholders and developers can shape the future of a protocol together through the most transparent discussion and debate. 

token gives its community holders the ability to vote on key changes to the AAVE protocol. That means, if you hold AAVE, you have a say to favour or vote against the proposed changes or an upcoming proposal.

, this type of token could be the next big thing in crypto as soon as regulators worldwide decide how to regulate it. Real World Asset tokens are responsible for real world asset going through “tokenization” – the process that helps turn real-world assets, such as real estate, into digital tokens.

Say, as an investment, you want to purchase a fraction of an apartment in New York, but not a whole apartment because it’s too expensive. You can do so by buying digital assets that can be easily divided. 

Security tokens have been a buzzword for quite some time now, but it takes a good deal of proper regulation and standardization to put them to use. Hence, we haven’t heard much of them.  

 token, or Pax Gold, is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company, making it a real-world asset token. 

 made its appearance, and it took off. Crypto projects, sometimes of questionable provenance, were looking to raise money, and for that, often created a new coin as a way to fundraise. To put it in simpler terms, an ICO is a source of capital for startup companies.

Any interested investors can buy into the offering and receive a new crypto token issued by the company as an exchange. Through the fundraising campaign, companies will accumulate enough funds to keep the development process. Whereas these tokens would typically be exchanged for BTC and ETH. Mainly because they are easier to exchange for other currencies, and the market liquidity is usually higher.

Web3 tokens aim to decentralize our current internet infrastructure so that it is owned by the people instead of relying on existing centralized Web2 giants. Web3 tokens will aim to bring a fairer internet standard to everyone. 

 in use today? Google has 63,605 miles and 8.5% of all cables to its name; Facebook – 57,079; Amazon – 18,987; Microsoft – 4,014. These top companies control a significant amount of the submarine cables which make up an important infrastructure of our internet. 

 tokens are tokens developed on top of those crypto platforms that aim to stop this trend. And they reward users of their platforms with Web3 crypto tokens for contributing to the development of the other trend.

For example, with the decentralized project 

, the network’s users store other users’ data for the reward in Filecoin tokens. Similarly, 

 provides an inexpensive on-chain storage solution that allows users to archive information on websites forever.

The ThreeFold token is awarded to participants who authorized their node in the 

 which stands for the Internet free of global corporations. 

 refer to an asset integrated with a blockchain that allows users to purchase a good or service in the future. Unlike security tokens, utility tokens are not a direct investment but rather sustain the platform’s economy through the service provided. 

 is a utility token boast on its payment method for the 

. When you use this utility token, you can receive discounts when paying for the 

, using it for travel expenses, gift cards, and more. Ultimately, the utility coin is to boost the development and the ecosystem of the platform.

What Are The Different Types of Cryptocurrency and Tokens?

Compete for 2,500 USDT Every Week

Earn Points by Completing Tasks

Event Rules

Register now and get 10 points

Write/Reply Comments (0/5)

Publish an Article (0/5)

Share an Article on Social Media (0/5)

Like an Article (0/5)

Read an Article (0/5)

Weekly Leaderboard