Hello Crypto World,
Before starting any project, you must have a clear vision of what you try to achieve and also why.
With regards to token, it is even more important as you need to set specific features from the beginning.
Do you need a divisible or indivisible token?
- When you are looking at a user currency you will prefer a divisible token up to the eight decimal places.
- When you are looking at title deeds or tokenization of physical assets you will prefer an indivisible token whereby the smaller unit is ONE.
Do you need a fixed or managed issuance?
- Fixed will be use when your token represents something which has a fix supply such as a limited edition of a car, a watch or any other virtual of physical goods.
- Managed will be use when new number of tokens may change overtime like company shares. A startup may have just 1,000 shares today but as it growth, new shares are emitted in order to onboard new shareholders
The last type of token is “Crowdsale issuance allows for pre-sale of tokens before they are
available on OmniFeather. In a crowdsale issuance the token desired for investment is defined, for example the token FEATHER, the number of properties per token required, deadline for the crowdsale, early bird bonus and the percentage of tokens for the issuer.
As you can understand, all this properties could be combined together in order to create a multitude of different models.
Meanwhile, the development team is looking at new types of tokens with more exclusive features. A type of token which is creating a lot of noise right now.
Any idea? Feel free to comment and react.
I wish you a very good day.