Protocol Features

OVERVIEW

The additional features of this platform helps to leverage tokens and NFTs for various purposes, including governance, incentives, and asset management. With tools for token creation, modification, token analyses,snapshotting, and verification, the platform fosters flexibility, and security in decentralized decision-making and asset management processes.

Token Creation Tool

The Token Creation Tool gives project founders the edge to create and issue tokens on the hashgraph network seamlessly. This feature facilitates the creation of custom tokens that can represent various forms of ownership, utility, or governance within the project ecosystem. How it works:

• Customization Options: Project founders can customize various aspects like token name, symbol, and supply. They can define whether the tokens represent fungible assets, non-fungible assets , or have other specialized functionalities.

• Token Distribution Options: Project founders can choose from various distribution models, including initial token sales, airdrops, swaps, or rewards for specific actions. This flexibility allows for creative token distribution strategies tailored to the project's objectives.

Token Update Feature

The Token Update Feature provides project founders with the ability to modify and update their existing tokens on the Hashgraph network. This feature is essential for adapting tokens to evolving project requirements and responding to community feedback. How it functions:

• Parameter Adjustments: Creators can modify parameters such as supply, properties, transfer restrictions, and metadata. These adjustments enable fine-tuning of token characteristics to better align with the project's concept and user preferences.

• User Communication: The platform facilitates transparent user communication with token holders regarding proposed updates. Creators can broadcast update proposals to token holders, gather feedback, and implement changes in a collaborative and inclusive manner.

Token/NFT Snapshot Tool

The Snapshot Tool enables users to obtain snapshots of token holdings or NFT ownership at specific points in time. These snapshots serve various purposes, including airdrop purpose, voting eligibility, rewards distribution, and historical record-keeping. Here is an overview of its functionality:

• Snapshot Generation: Users can get snapshots of token balances or Non-Fungible Tokens ownership across the network or specific accounts. This process captures the state of token holdings at a designated block height or timestamp, ensuring accuracy and reliability.

• Snapshot Accessibility: Snapshots are stored securely on the Hedera network and accessible to authorized users via the platform's interface. Users can retrieve and reference snapshots as needed for various operational and analytical purposes.

Token Scanner

The Token Scanner feature enhances security and trust by helping users to scan and verify tokens.. This helps users validate the authenticity and integrity of digital assets. How it operates:

• Asset Verification: Scan token identifiers like token ID, contract addresses, using the Token Scanner tool. The platform retrieves relevant information from Hashgraph and verifies the asset's existence and legitimacy.

• Metadata Inspection: The tool also retrieves metadata associated with scanned assets, providing additional insights into asset properties, issuers, and restrictions (Freezed or Unfreezed keys). Users can review metadata to assess asset authenticity and compliance.

• Security Assurance: By enabling users to verify assets independently, the Token Scanner reduces the risk of encountering counterfeit or fraudulent tokens. It promotes trust and confidence in digital asset transactions within the ecosystem.

Tokens can also be analysed with the platform's Token analysis tool to help reseachers make proper research and informed decision.