Subscribe to Our Newsletter
Tuesday August 09, 2022
Bitcoin (BTC) $23,090.19   Ether (ETH) $1,685.79
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Koinly
CryptoNinjas
Home Blockchain Technology

Syscoin platform adds token issuance feature

Published by CryptoNinjas.net
12/07/2017
Syscoin platform adds token issuance feature

Blockchain Foundry, the company which developed the new Syscoin platform has announced a new token issuance service into Syscoin. This will allow anyone to create a custom asset token which can then be sent directly to anyone else on the network. Syscoin envisions a variety of use cases including ICO token issuance, supply chain management, reward points, and loyalty programs.

Asset tokens created on the Syscoin network can be minted with a custom data payload assigned to them, effectively coloring the tokens issued in that minting and allowing for use cases which require asset classes that have tokens which are explicitly linked to unique lots of that asset.

For example, a gold depository could create a token which represents partial ownership in gold bars, and then issue lots of that token which represent ownership of a gold bar with a specific serial number.

To create a new asset class on the Syscoin network, users will issue an asset_create command with an asset symbol, name, description, decimal places, and an optional total issuance cap, which will prevent the asset creator from later minting more tokens than initially specified. Tokens of that asset can then be issued by the asset creator using the asset_mint command with the token name, a desired token amount, an optional data payload to color the tokens issued in that minting, and an optional destination alias or address to send the minted tokens to.

Additionally, tokens of the asset can then be sent to any alias or address on the Syscoin network using the asset_send command. Several other commands will exist to allow for the listing of asset details and balances. The transfer of assets may happen instantly with the use of an instant transaction feature. This provides an inherent benefit to tokenize business models using Syscoin’s token issuance service over other competitors such as ERC20 tokens on Ethereum.

30
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blockchain risk platform provider BIG to develop compliance solution for Syscoin

06/09/2021
Blockchain risk platform provider BIG to develop compliance solution for Syscoin assets

BIGG Digital Assets, owner of Blockchain Intelligence Group (BIG), a developer of blockchain technology search, risk-scoring, and data analytics solutions, today announced a partnership with Blockchain Foundry (BCF) to provide a regulatory compliance solution...

Read more

Klever to become primary mobile wallet for Syscoin ecosystem

04/20/2021
Klever to become primary mobile wallet for Syscoin ecosystem

Klever, a multi-coin mobile cryptocurrency wallet, today announced a new partnership with Syscoin, Offering fast, low-cost tokens, assets, and NFTs, Syscoin is secured by Bitcoin’s own hash power, decentralized consensus model, and censorship resistance....

Read more

Syscoin blockchain launching support for Non-Fungible Tokens (NFTs)

01/28/2021
Syscoin blockchain set to launch support for Non-Fungible Tokens (NFTs)

Syscoin, a full-featured blockchain platform, has announced that Syscoin 4.2 will support the creation of Non-Fungible Tokens (NFTs). This will bring a new level of usability to the Syscoin blockchain. NFTs on Syscoin will...

Read more

Syscoin-Ethereum Bridge protocol DApp now live

01/29/2020
Syscoin-Ethereum Bridge protocol DApp now live

Syscoin, one of the earliest crowdfunded blockchain projects, has announced the successful mainnet launch of the Syscoin Bridge protocol. For Syscoin, this represents a significant technological milestone in blockchain interoperability. The Syscoin Bridge is...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
ELLIPAL now supports Zcash (ZEC) for cold storage and trading

ELLIPAL now supports Zcash (ZEC) for cold storage and trading

01/14/2020
TRON (TRX) network now supported on Crypto APIs blockchain dev suite

TRON (TRX) network now supported on Crypto APIs blockchain dev suite

08/03/2022
Crypto intel platform Metrika adds support for Hedera network activity & performance

Crypto intel platform Metrika adds support for Hedera network activity & performance

08/03/2022
New Overledger release now supports QRC-721 NFTs on Tokenise developer API

New Overledger release now supports QRC-721 NFTs on Tokenise developer API

08/05/2022
Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange

Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange

08/09/2022
THORWallet expands DeFi swap functionality with Rango Exchange integration

THORWallet expands DeFi swap functionality with Rango Exchange integration

08/08/2022
pSTAKE's BNB liquid staking solution (stkBNB) is now live

pSTAKE’s BNB liquid staking solution (stkBNB) is now live

08/08/2022
DeFi liquidity mining platform Grizzly.fi collects $26M in 'Community Fair Launch'

DeFi liquidity mining platform Grizzly.fi collects $26M in ‘Community Fair Launch’

08/08/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version