What is token?

A token is a representation of value, a sort of digital asset.

Publica’s general currency for all transactions is its PBL token. In the natural course of things people will buy PBLs with their favorite fiat or crypto currencies and sell PBLs for their favorite fiat or crypto currencies in simple automated currency exchange. Within Publica’s multi-sided platform we don’t need external currency exchanges getting in the way of the day-to-day jobs-getting-done or books-getting-read.

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  • So PBL tokens are cryptocurrency?

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  • people will buy PBLs with their favorite fiat or crypto currencies

     So I need to buy cryptocurrency with other cryptocurrency? What's the point? 🤔

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    • Elma Hagr 

      Publica's internal money is a token called PBL.

      People will be able to buy PBLs with their favorite fiat or crypto currencies and sell PBLs for their favorite fiat or crypto currencies.

      With PBLs (internal money) you will be able to buy READ tokens which will give you the read rights of a specific book.

      RIGHTS tokens will represent fraction of intellectual property rights of a specific books with associated payouts.

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  • A token is a record inside Smart Contract on the Blockchain. PBL token is used to fund Publica and as a currency in Publica's economy when the platform will be built.

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