Blockchain provides infinite possibilities for asset tokenization in the future owing to its features of decentralization, tamper-proof and consensus mechanism. Through tokenization, we can list more assets (such as games, contents and daily life) on chain, which gives value clear technical definition and restructures value flowing network.
Most people believe that the technology threshold of issuing a token is high and it is difficult for ordinary users to issue tokens by themselves. However, YOYOW’s forthcoming ‘One-Click Token Issue’ function will enable users to issue their own tokens through the simplest way and solve technical problems for ordinary users.
Why should you issue your own token? It is mainly about two aspects: scarcity of Token symbols and the applicability of Token. The scarcity is very easy to understand. The name of the token equals to domain name of website. With the increase in number of users, the token symbols named in two or three letters will become more and more rare and precious so that the price of issuing these tokens in the future will also be higher and higher. In terms of application, I’d like to introduce it with a few examples:
Commercial Application
Ⅰ. I will take Binance’s platform token BNB for example. Binance’s users who have enough BNB will get discounts when they need to pay fees during transactions. In addition, the BNB usage and value were also being improved through the buy-back mechanism, the upper currency voting system and other ways.
Ⅱ. ZID is a vertical blockchain community, its token PVT has very rich application scenes. Community members can use PVT to reward quality content creators in the community and enrich the community's functions and contents through offering a reward, paid resources and community activities, which will converge all the ZID’s value into the PVT.
Personal Application
Ⅰ. Celebrities can issue their own tokens and fans can invest in celebrities directly by purchasing their tokens. As the value of celebrities increase, their token will also increase. At the same time, Celebrities can also give their token as gifts or commemorative medals to their fans. On the other hand, fans can use a certain number of tokens to exchange for some benefits such as special souvenirs, dinner with their idol, etc.
Ⅱ. Suppose you are an entrepreneur, you can issue a token which can help you manage your staff according to their performance appraisal. Everytime an employee contributes greatly to company's development or personal progress, you can transfer tokens to this employee. During performance evaluation, you can give corresponding incentives to the manager and his team according to the number of tokens each member has.
Tokens and contracts, make scattered assets on chain feasible, work and life well-organized and love of loyalty appreciable and valuable. Issue your own token through YOYOW’s ‘One-Click Token Issue’ function, really control your own assets and clearly grasp the context of life, being your own owner.
The latest version of YOYOW wallet, ‘Fan Xing’ has been activated at 0 o’clock on Jun 15th. Are you ready?
According to the results of the vote, we finally set the price of the‘One-Click Token Issue’on YOYOW: 1)30,000 YOYO for issuing tokens with a three letter name; 2)3,000 YOYO for issuing tokens with a four letter name; 3) 500 YOYO for issuing tokens with name made up by five or more letters.
Remarks: Tokens can be transferred, but the token issuer cannot be changed.