CRDT is a new project that we are very excited to share with you. CRDT is its very own cryptographic token and one that is sure to grow throughout the crypto community.
Over the next couple of days/weeks/months, we will take an in-depth look into the token on how it works and how it will benefit you as a trader.
Thanks to the CRDT token, CryptoDaily will be able to stretch out its business operations and achieve the ultimate goal of continued excellence within the crypto and Blockchain media industry.
When launching the token, a lot of things needed to go into consideration. Ultimately, it was launched as an ERC — 20 compliant utility token on the Ethereum blockchain. This was because it had been estimated that there are more than 181,000 compatible tokens that already exist on the main network for Ethereum.
There are many compliant digital assets within industry that are populating the overall sector quite heavy with tens of billions of dollars in market capitalisation. This kind of token standard also contains the needed standards of what a token should integrate for it to start being treated by investors following its launch. This can include things like token transfer, specified addresses and determination of the overall supply of the token.