Most of the tokens created on Ethereum are ERC-20 compatible. Creation of these tokens are not more than 100 lines of solidity code. Through WandX, we provide a simple interface for users to create tokens which can be incentivization tokens, tokens backed by a real world asset, or tokens created for a specific purpose.
0__awIEmIBKmBxs9dH_.jpg
Record and trade assets on the ethereum blockchain using WandX; create financial products on these assets through the WandX framework
Use case: For example, if there is a local certification body that certifies apartment complexes and business parks on their sustainability index, they could create a “sustainability token” that could be used to track metrics related to sustainability. The figure below shows further details on how this could be done.
1_9XBYnWbxpDGOXk1PBkaM9Q.png
One of the tokens that can be created are sustainability tokens for apartment complexes and office complexes
Just like products can be created on crypto-secured assets, products can be created on these tokens as well. The features of easy token creation and a front end for creating products on these tokens make WandX an attractive choice for various use cases. Creating tokens helps to digitize any asset that is currently traded through centralized parties. Some examples are energy units, internet bandwidth; at WandX, we are creating pilot projects at an industry level to trade in these assets in a decentralized manner. Although this trade would happen in a consortium ethereum network, we are actively looking into technologies to peg the consortium blockchain to the ethereum blockchain.
About WandX: WandX is a decentralized marketplace where users can trade ERC20 tokens and baskets of ERC20 tokens. The WAND token can be used to get a 75% discount on the exchange fee. Know more at https://www.wandx.co