Token Terminal is a top data analytics software for different crypto assets. Token Terminal examines crypto assets through traditional businesses and financial metrics and, with the help of open blockchain transparency, curates information in an actionable form for crypto users and investors. In this article, we will discuss all things related to Token Terminal.
Token Terminal Overview
The Token Terminal software was introduced in 2020 and has more than 10,000 active users. There are over 157 projects listed on the Token Terminal website, and the software makes institutional-grade crypto asset information available to everyone for free.
Token Terminals tracks around six blockchains and has more than 150 institutional customers. The team at Token Terminal is efficient at extracting raw data from various blockchains and cleaning, aggregating, and transforming the data into comparable and standardized metrics.
The Token Terminal data indicates that many decentralized applications and blockchains can be valued based on revenue.
Features Of Token Terminal
Here are the three key features of Token Terminal:
- Search – With the Token Terminal search feature, you can identify undervalued decentralized applications and blockchains.
- Compare – The compare feature will enable you to assess a project’s performance against its main competitors. This information will help you to make smarter decisions for your business.
- Visualize – You can use this feature to display historical performance on a chart with the help of various metrics, such as financial metrics.
Pricing
There are two subscription plans that Token Terminal offers:
Freemium
- You won’t be charged an amount for this plan
- You will receive a newsletter biweekly
Pro
- $325 per month
- Offers several tables and charts
- Gives API access
- You will receive a newsletter biweekly
Frequently Asked Questions (FAQs)
How Accurate Is Token Terminal?
Various companies have praised Token Terminal for providing accurate and up-to-date information. The data has also enabled companies to understand their competitors better.
What Is a Token in Blockchains?
Tokens are digital assets defined by a smart contract or project and are created on a blockchain.
What are the Types of Tokens?
Here are the four types of tokens:
Utility Tokens
These tokens are only valuable on one system. However, you can exchange them for other cryptocurrencies or tokens, but this depends on the token’s market price. An example of a utility token is Filecoin; this project aims to reimburse customers who offer cloud storage with their tokens.
Commodity Tokens
Standard assets back these tokens with an independent value, such as a sovereign currency or gold. Many companies aim to link sovereign currencies to tokens; USD is the most common currency for this purpose.
Security Tokens
These tokens can offer you an ownership stake in a DAO or firm. When you purchase this token, you probably anticipate its value will increase based on the company’s dividends or future earnings. However, regarding security tokens, there are several sensitive regulations and methodologies.
Asset Tokens
This token is created to represent real-word objects and facilitates the selling and buying of these objects. With this token, you can purchase apartments, books, houses, art, and much more.
