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comment by mk
mk  ·  2991 days ago  ·  link  ·    ·  parent  ·  post: Toyota, Merck Join Ethereum Group to Build Blockchain Network

I think Golem could be very useful. It's an ETH token, like Augur, Gnosis, etc. Having a token gives them a method to raise funds, and also some greater control of the resource, and payments.





veen  ·  2991 days ago  ·  link  ·  

What does it mean to be an ETH token? It has its own value (about $.40 now), so it isn't tied to ETH in its value, right?

mk  ·  2991 days ago  ·  link  ·  

ETH tokens are basically tagged bits of ETH that track ownership/participation in a Dapp/contract. I believe that different tokens represent different amounts of ETH, but that they are all quite small. I need to look into that. Their value isn't directly tied to ETH's, no.