B-Chain tokens are a representation of our biggest asset our minds.
DoIT intends to introduce smart contracts and its own tokens to promote independent visionaries and projects that are in the phase of commercialization. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!
Creating tokens is a much easier process as you do not have to modify the codes from a particular protocol or create a blockchain from scratch. All you have to do is follow a standard template on the blockchain – such as on the Ethereum or Waves platform – that allows you to create your own tokens. This functionality of creating your own tokens is made possible through the use of smart contracts; programmable computer codes that are self-executing and do not need any third-parties to operate.
Tokens are created and distributed to the public through an Initial Coin Offering (ICO), which is a means of crowdfunding, through the release of a new cryptocurrency or token to fund project development. It is smilar to an Initial Public Offering (IPO) for stocks, with critical distinctions which are explained in the article Crypto ICO vs. Stock IPO: What’s the Difference? Many are crazy over ICOs as they represent a great way of identifying interesting projects.