RDDL Purpose Tokens
Last updated
Last updated
RDDL Purpose Tokens (RPT) are traded on the Liquid network () and can be fractionalized. The Liquid network allows 3rd parties to issue tokens. The purpose of the tokens is up to the issuer and might most likely be of the following kind:
incentive
shareholder
loan
bond
Incentive tokens are usually exchanged for machine data and transferred to the addresses of machines participating in the PoP. Data is handed over in exchange, or access to data is granted.
Shareholder tokens are usually issued by node owners/operators that let shareholders participate in the rewards of the productivity of their node.
The issued tokens are not limited to the abovementioned purposes but can reflect other purposes. Some of them are sketched and mentioned here:
fractional ownership,
fractional drawing and utility rights,
access and usage rights,
claims and certificates of any kind,
proof of provenance,
proof of non-hazardous materials,
enable a broad portfolio of new business developments around machines
can be fungible or non-fungible,
have a configurable economic value
and can be referred to as synthetic tokens
Some concepts that can - amongst others - be built around the RDDL Purpose Tokens are traditional
bonds
loans
options
futures
others more decentralized
staking
voting
flash loans