Artist Tokens are essentially the same thing as Bitcoin, Ethereum, or Ripple. Except, this is your own token that you control.
More specifically, Artist Tokens are cryptocurrency which are represented by tokens created by and issued from an Artist, Band, DJ, Singer-Songwriter.
Broading speaking, cryptocurrency are digital assets which can either be coins or tokens. Tokens are defined as only having a utility or purpose used within a project's ecosystem. Coins, are designed to be currencies.
Yes. Think of cryptocurrency and tokens as the stock market. The more people that buy the token, the more the value will go up. The law of supply and demand determine the market price.
In general, the buyers and sellers determine the value of the token. It’s worth what someone is willing to pay for it. These tokens can be traded for fiat currency, such as US Dollars. In most cases, these tokens trade on an exchange, like Uniswap, Coinbase, or Binance.
Initially, the way to acquire Artist Tokens are to earn them. This can be done by helping the artist promote on social media, referrals, or other ways.
The other way will be to buy them on an exchange, such as Uniswap, Coinbase, or Binance.
The total supply is the number of tokens that exist.
The circulating supply is how many tokens are available to the public, and trading on exchanges.
For example, a token can have 1,000,000 in total supply, but only 500,000 have been mined, or released to the public.
The decimals are how much the token can be divided. For example, Bitcoin has up to 8 decimals, so it’s possible to own 0.00000001 BTC.
A node is a device connecting to a blockchain network. Nodes can have many functions, and do not have to necessarily store a copy of the tokens ledger information.A masternode is a full node that supports the network by hosting an entire copy of the coin's ledger in real time. For this service, the node operator will receive tokens.