FAQ

What is a token?

A token is a certificate of authenticity registered on the blockchain, making it immutable and safe from frauds.

What is the blockchain?

The blockchain is a decentralized network of interconnected computers that functions as a great database for storing information. Making the data registered in it fraud-proof.

What is a token used for?

Tokens are used to digitally represent an asset using blockchain technology that stores the iten’s information and registers all transactions made with them. This registration is public, permanent and cannot be censored, providing more security, democracy and transparency to those utilizing it.

How to tokenize an asset?

Basically, the process happens in three steps:

1. Structuring: For the first step we research to better understand the data structure that the token will need to have and what is the best RFID/NFC technology to implement in your product. Once that is done you’ll receive an ecosystem ready to issue tour tokens.

2. Issuing: You can set up all the information that will be registered in your token, including smart contract frameworks that will guarantee royalty payments in a future secondary market and guides of token usage.

3. Distribution: Place your tokens for sale in your physical or digital store or transfer it as you wish.

What assets can I tokenize?

With W3block you can tokenize any type of asset. Our platform can be adapted to better suit your needs and ideas. Be it tickets, collectibles, experiences, digital assets, artworks, cars, real estate and so much more. With W3block you can tokenize anything.

Are tokens safe?

Yes, the safety of a token is guaranteed by the blockchain. With this technology you can take advantage of its security, transparency, authenticity and traceability. Information set on the blockchain are encrypted and registries and transactions in this database are immutable.