LightLink ⛓️
LightLink ⛓️
USDC-0.02%
ETH+5.50%
1/7 LightLink Academy time! 🧠 What is a token? A token is a digital asset you can create, own, and send on a blockchain Let’s break down how tokens work, what they’re used for, and where their value comes from 🧵
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2/7 Tokens are created by smart contracts Each contract defines: 🔹 Token name, ticker, logo 🔹 Who owns what (ledger) 🔹 Functions like transfer, mint, and burn Tokens live fully on-chain and are managed programmatically
4/7 How are tokens used? 🔹 Native tokens (ETH, LL) power blockchains, used for gas, staking, governance 🔸 Utility tokens are used inside DApps, like USDC for payments or WETH in DeFi In short: tokens = function + utility
LightLink ⛓️
LightLink ⛓️
1/7 Welcome back to LightLink Academy This time, we’re unpacking WETH — Why do @metromxyz and @AmpedFinance use WETH instead of ETH? What’s the difference between ETH and WETH? Where can you get it — and should you? 🧵👇
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5/7 Why do tokens matter? They can be used to: → Pay gas fees → Store value → Unlock perks, access, or content → Vote in DAOs → Trade, collect, or play in games Tokens blend money, identity, and utility into one format
6/7 Why do tokens have value? Value = demand + utility → NFTs = collectible value → Memecoins = hype + speculation → Native tokens = essential for using chains and apps Utility and network effects drive the price
7/7 How do you create and manage tokens? → Advanced: Write a smart contract and interact via on-chain calls → Easier: Use LightLink's Bolt to mint and manage tokens; gasless, API-powered, and dev-friendly Start here 👇
LightLink ⛓️
LightLink ⛓️
1/5 LightLink Academy 🎓 Let’s talk Bolt — our chain abstraction plugin that helps you build in Web3 with just a few lines of code One line of code. Zero gas. Even handles account abstraction Let’s break it down 👇
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