DLT-backed tokens
The core of the Parabox experience
DLT-backed tokens are digital tokens that exist either native to a Distributed Ledger or inside a Smart Contract that is native to a Distributed Ledger. DLT-backed tokens allow users within Parabox to trade, own and interact with unique digital assets and experiences without trusting one entity.
All DLT-backed tokens and Smart Contracts within Parabox are powered and maintained through the Radix Distributed Ledger, a scalable technology purposed to function as an immutable database that stores token identities and computes logic within Smart Contracts via a global consensus mechanism and purpose-built programming language.
The two DLT-backed tokens that make up the base-level infrastructure of Parabox are Genesis Avatars and PARA. With these two assets, users have incentive to exercise their given right of influence over the Parabox virtual world.
Last modified 1mo ago