What is token money and example?
Token money is anything that is accepted as money, not due to its intrinsic value but instead because of custom or legal enactment. Token money costs less to produce than its face value. A banknote, e.g a five pound note, is token money because despite its value being 5 pounds it only costs a few pence to produce.
What is a token price?
Token Price means the maximum price per Token sold by the Company.
What is Cashcoin?
Cashcoin (CASH) is a cryptocurrency . Users are able to generate CASH through the process of mining. Cashcoin has a current supply of 53,458,111.305601. The last known price of Cashcoin is 0.00025966 USD and is up 0.00 over the last 24 hours.
Is token money refundable?
Can token money be refunded? If, for any reason, the buyer fails to complete the transaction, the seller would forfeit the token money, unless the parties have made a notarised agreement stating otherwise. “The token amount is usually paid by the buyer to the seller, directly after the verbal commitment.
What is standard money and token money?
Token money is made of cheaper metal; it is limited legal tender; it is not subject to free coinage and its face value is greater than its intrinsic or metallic value. Token money consists of small coins. It cannot, therefore, be called standard money. It is a mixture of the standard and token money.
How much is my token worth?
The live MyToken price today is $0.000409 USD with a 24-hour trading volume of $114,182 USD.
How do tokens work?
Tokens. A token is a device that employs an encrypted key for which the encryption algorithm—the method of generating an encrypted password—is known to a network’s authentication server. The software tokens can be installed on a user’s desktop system, in the cellular phone, or on the smart phone.
What is token in ethereum?
In the Ethereum system, tokens represent a diverse range of digital assets, such as vouchers, IOUs, or even real-world, tangible objects. Essentially, Ethereum tokens are smart contracts that make use of the Ethereum blockchain.
How can I recover my token money?
How to recover the token money paid for purchase of property
- 311 votes.
- based on the agreement entered into between you and the seller, you can file a suit for recovery of balance amount provided the agreement is still within the limitation, if you succeed, will get the amount together with interest.
What do you need to know about tokencash app?
TokenCash is an application that offers you to accumulate rewards for free, from your cell phone without the need of a card. We have restaurants, gas stations and affiliated services.
What’s the current market cap of token cashpay?
Token CashPay is up 12.73% in the last 24 hours. The current CoinMarketCap ranking is #5753, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000 TCP coins.
What is the purpose of the diamond token?
DIAMOND is an utility token that fuels transactions in the DiamondToken ecosystem. It serves as store of value for the true supporters, ranging from token holders to users who provide liquidity and users who stake their tokens in the various pools.