Tools For Easy Blockchain Integration
Is your business still reeling under manual processes? It’s time to give it wheels of digitization. We make it easy for you to digitize your business assets and convert them into tokens.
SimplyBlock’s token issuance platform has been skillfully designed to make token issuance easier for you. You can use it to generate tokens for various business assets such as investment funds, equity, services, or products. SimplyBlock’s token issuance platform allow you to generate three types of tokens:
- Currency tokens
- Utility tokens
- Investment tokens
Tokenization of assets can help accelerate and secure your business processes, while making them more cost-effective and less prone to errors.
Frequently Asked Questions
What type of tokens can you Issue through SimplyBlock?
SimplyBlock can issue three type of tokens:-
- Utility token or fungible tokens( ERC20 extended protocol, fully backwards compliant )
- Non-fungible tokens (ERC721 extended protocol, fully backwards compliant)
- Security tokens (protocols extended from both ERC20 and asset-backed security protocols that are universally accepted) security tokens will be fungible token representation for a real or virtual asset.
What is ERC20 standard token development?
ERC20 stands for “Ethereum Request for Comment”, which is an Ethereum token standard. This customary is employed to represent smart contracts on the Ethereum blockchain
What is a Security Token?
A Security Token shares many of the characteristics of both fungible (erc20) and non-fungible tokens (erc721). Security tokens are designed to represent complete or fractional ownership interests in assets and/or entities. While utility tokens have no limitations on who can send or receive the token, security tokens are subject to many restrictions based on identity, jurisdiction and asset category.
Can the ERC20 token issued through SimplyBlock be transferred?
Tokens Issued through SimplyBlock Token Issuance Tool are of ERC20 standards which means they can be easily transferred to any ether address on the ethereum blockchain.