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What are Debt Tokens?

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What is a Debt Tokens? Debt tokens are the digital format of representing debt or cash that are analogous to short-term loans with an interest rate to a specific principal amount lent to the enterprise. It is similar to debt-financed capital. Debt tokens are provided by the lenders to represent a company's debt. They are the same thing as loans or IOUs in that they have an interest rate which is doubled or compounded against the principal amount loaned to the corporation.   Benefits of Tokenized Debt   Below mentioned are some of the benefits of Debt tokenization.   Fractionalization - It is the capability to fractionalize debt by examining the asset's openings to a new and wide category of investor.   Universality - it aids in the operation and analysis of debt representation that contributes to universal debt transportation.   OTC Trading - Debt transportation is conducted Over The Counter (OTC), globally. Security tokens make existing processes more effici...

Simple Steps to Create Your Own Polygon Token

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The process of developing and deploying a token on Polygon network might look like a complicated process, but the fact is, anyone without having a prior programming experience can also easily create their own token on Polygon network. Polygon Matic - An Overview   Polygon Matic is a blockchain network that was built with an objective to create an interface between Ethereum compatible blockchain networks in order enhance scalability and adaptability offered in an Ethereum blockchain. The transactions on this network are a lot quicker and cheaper when compared to the other blockchain networks.   How to Create token on Polygon?   Follow the below mentioned steps to create your own token on Polygon network with ease.   Use Remix   First you have to create a new smart contract. Go to Remix, an integrated development platform where you can easily create a new smart contract for your token. After logging in Remix, click the “Contracts” option and choose “Create new con...