Token Protocols
A brief summary of different token protocols outlining the pros and cons of each one.
- Pros:
- Can create a certain number of tokens on initiation
- Lots of documentation
- Very common and has widespread adoption
- Sell multiple at a time easily
- Cons:
- Denominations of tokens (think 1 Bitcoin can be owned by thousands of people)
- Trades through any market or marketplace
- Need to create a whitelist for trading
- Pros:
- NFT markets are rising
- Create a series of NFTs (Avalanche blockchain)
- Transacts more similar to stocks because they are non-fungible
- Once created, more tokens cannot be created on (Avalanche blockchain)
- Cannot split tokens
- Cons:
- With smart contracts, must use a for loop to create them
- Harder to sell multiples, requires multiple transaction
- Pros:
- Whitelisting is possible
- Implements all features from ERC-20
- Cons:
- Not compatible with Avalanche
- Limited documentation
- Not commonly known or adopted
- Pros:
- Force token transfers
- Blends fungible and non-fungible
- Whitelisting is possible
- Regulate holding periods
- KYC wallets usability
- Cons:
- Force token transfers
- Not widely used, not sure if ERC-1400 can be used with Solidity
- Limited documentation
- Not commonly known or adopted
Last modified 1yr ago