The Important Role Tokens Play In The Market

Combined with the liquidity and cost-effectiveness blockchain technology provides tokenization offers a different type of flexibility that the traditional finance ecosystem lacks. As a result, assets from traditional financial instruments like securities to unique physical items like art pieces have been tokenized.

Many investors are unable to afford to invest in standard assets due to the high cost but since tokens are divisible, they are given the chance to share their assets among a group of people, allowing investors to get into the market with lower investments. This translates to more fundraising opportunities for both small and medium businesses that are struggling to find investment through both traditional and crypto markets.

PolkaCover uses the token $CVR in the business model. The token allows the platform to become significantly stronger as it encourages loyalty, distribution, and liquidity. It can be used as an additional method of payment or as the sole payment method for special deals. Moreover, the flexibility effect will be amplified by the absence of intermediaries on the blockchain system, therefore reducing the operational costs.

--

--

--

The First DeFi Insurance marketplace for the global crypto ecosystem

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

DeFi(Chain) Basics: Decentralized Exchanges

Tgrade Contracts Exposed

Web 3.0; the game-changer for the creator economy

Yes, We Can Make Use Of The Data Stored On The Blockchain. Here’s How

Changing the blockchain game for developers and players with ionomy

DeepWaifu joins Shiden #build2earn protocol!

Second State awarded a grant to bring next-gen Ethereum infrastructure to Polkadot ecosystem

Blockchain for Non-Cryptocurrency Application: A ‘How-To’ Guide using a Credit Guarantee Use Case

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CoverCompared

CoverCompared

The First DeFi Insurance marketplace for the global crypto ecosystem

More from Medium

Guide to Buy $KASTA Token on Uniswap and Quickswap

Woonkly.com introduces new updates to version 2 of its metasocial marketplace

Crypto with perks: getting your SAVG tokens safely

Velas Flashlight #21 — Blockchain Technology is Closer to the Moon Than ever