A utility token is a token characterized by two features: its fungibility and its purely digital object. Tokens, data structures created and controlled by smart contracts, are the main mechanism for representing subjective rights in the new digital and decentralized economy. Although some sketches of these tokens appeared in the Bitcoin protocol [...]
Stablecoins are virtual currencies that have (or are intended to have) a fixed intrinsic value, linked to fiat currencies or the price of certain commodities. Stabilization of value represents a major advantage of these assets over cryptocurrencies such as Bitcoin or Ethereum,
Security tokens are, as their name suggests, securities represented by electronic book entries (tokens) in distributed registries. As such, they are subject to general securities legislation, both in the United States and in the territory of the European Union. The emergence of Ethereum and other blockchains structured in accounts
Decentralized Autonomous Organizations, better known by the English acronym DAOs (Decentralized Autonomous Organisations) are the closest institution to the legal entity existing at the moment in cyberspace. They are entities - resident in one or several Ethereum accounts - through which several users share a common fund and decide, through voting,
Tokens are electronic annotations made on a blockchain and used to represent subjective rights. These rights can be purely digital and deploy their effects exclusively within cyberspace, such as the voting rights of the participants of a DAO. But they can also be rights existing in the outside world (off-chain), which are represented
A token is an electronic notation representing a subjective right and characterized by two fundamental notes: 1) it is realized in a decentralized database (e.g. a blockchain) 2) it is controlled by a smart contract. When the subjective rights represented are of a non fungible nature, the token is called NFT ("non fungible