The Tokenization of Assets - Cryptohopper

Link to the article a https 3A 2F 2Fwww cryptohopper com 2Fblog 2F842-what-is-asset-tokenization-and-which-assets-can-be-tokenized-in-2020 a Learning about crypto you will hear the term tokenization a lot Sometimes it even seems like when you re writing about a new crypto project or crypto in general you have to use the term at least a couple of times to stay credible But what is tokenization exactly My name is Josh and I will be explaining this to you right now Simply said Tokenization is programming tokens on a blockchain But that might still be a little too broad and vague for you What you could also say is that Tokenization is the process of putting real life objects that range from money to art and from oil to precious metals on a blockchain Giving actual worth to digital codes A simple example you could see in the real estate industry Let's say you want to buy property but you don't have enough funds to purchase a single one The owner of a property could tokenize it and create 100 tokens on a blockchain that each represent one percent of the house Now let's say the house is valued at 300 000 dollar meaning each token is being sold for 3000 dollar If you decide to buy 10 of these tokens now you possess definitive proof that you own ten percent of the house So now there is a way for everyone to enter the real estate market more easily Another good example of Tokenization Tether a coin which is backed by the U S Dollar Which means that for every coin the company issues they claim to put a dollar away Easily said they tokenized the U S Dollar into a blockchain The reason for Tether to do this is to create a digital stable coin which doesn t fluctuate as much as say The Bitcoin does Now for you this might be an interesting option as a base currency for when you're trading crypto s Since a stable coin like Tether isn't as volatile as for example Bitcoin your assets worth will also be more stable In Cryptohopper you can easily choose your base currency in the config under coins and amounts In the description you can find a link to an article where all of this is written out for you Don't forget to leave a like on the video and to click the subscribe button Happy Hopping Follow us Twitter a https 3A 2F 2Ftwitter com 2Fcryptohopper 3Flang 3Den a Instagram a https 3A 2F 2Fwww instagram com 2Fcryptohopper 2F a Facebook a https 3A 2F 2Fwww facebook com 2Fcryptohopper 2F a Telegram a https 3A 2F 2Ft me 2FCryptohopperGroup a Discord a https 3A 2F 2Fdiscordapp com 2Finvite 2Fqdv6RJx a medium com cryptohopper Tags Bitcoin Cryptocurrency trading bot Cryptohopper crypto hopper

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