Multiple assets/tokens issuance

+1 vote
I know that with the Bitcoin blockchain, you have bitcoin as the native protocol token, and that these can then be "colored" to create other non-protocol token assets representing anything you want them to.

My project requires the creation of a bit under a dozen "native" tokens, including a "core protocol token" of function similar to Bitcoin token. Beyond that, companies using our platform will need to be able to create their own tokens representing different things.

From what I've read of multichain, I can implement a PoW public chain similar to the Bitcoin chain, with a protocol token or cryptocurrency. What is the construct/process for the creation of other token assets representing different types of assets, once the core protocol token has been created. and do we have full control over quantity, fixed or reissuable, any quantity etc? I've seen some platforms say there is no limit on the quantity of a new token created, yet when you actually try it with a large number, it throws up an error.

Thanks
asked Jun 13, 2017 by Vizi

1 Answer

0 votes

The issue API command is the one that allows other tokens to be created. They can be open or closed in terms of further issuance. You can also decide whether all users can issue assets, or just those who have been granted permission to do so. This is a good tutorial to help you get started: http://www.multichain.com/developers/asset-reissuance/

answered Jun 14, 2017 by MultiChain
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