2Tokens and THX Network Partner to Promote the Tokenization of Communities ✨🪙

Published in

THXprotocol

4 min readMar 10, 2023

--

2Tokens, a Dutch non-profit foundation clarifying the adoption of token technology, have partnered with THX Network, a loyalty solution provider for web3 companies and communities, to explore and promote the tokenization of communities.

As part of this partnership, 2Tokens will launch its own $TWO token to be used within the community, and both parties will collaborate to explore the tokenomics, legal, and practical aspects of tokenizing communities.

Alex Bausch, Executive Chairman at 2Tokens comments:

“We are excited to collaborate with THX network as they join our TWO Token working group to help promote token adoption. By leveraging their software, we demonstrate the ease of using tokens in communities, ultimately fostering greater engagement.”

Alex Bausch, Executive Chairman at 2Tokens speaking at one of the many 2Tokens events.

Tokenization for Communities

Tokenization has the potential to transform various industries, including finance, real estate, and supply chain management. Tokenization is the process of converting real-world assets or rights into tradable digital tokens. Tokenization provides benefits such as increased liquidity, lower transaction costs, and fractional ownership of assets.

The partnership between THX Network and 2Tokens aims to explore the potential of tokenization for communities. The two organizations will collaborate to develop a framework for tokenizing communities and educate stakeholders about the benefits of tokenization.

Paid Loyalty and the $TWO token

As part of this effort, 2Tokens is launching its own $TWO token, which is used within the community and serves as an example of how tokenization can be implemented in practice. Mieszko Czyzyk, CEO at THX Network, explains:

“The $TWO token is a great example of how token powered rewards and paid loyalty engages community members, rewards their contributions and also raises funding towards common goals, all using THX Network’s solutions.”

Example how you can boost engagement with conditional rewards for Shopify purchases, more info on THX Network’s Twitter.

Best practices for various tokenization aspects

The partnership also focuses on the tokenomics, legal, and practical aspects of tokenizing communities. Tokenomics refers to the study of how tokens work within a network and how they interact with other tokens and the broader economy. Legal considerations include regulatory compliance, data protection, and intellectual property rights. Practical aspects include technical implementation, user experience, and community engagement.

By exploring these aspects of tokenization, THX Network and 2Tokens create a framework of best practices that can be applied to other communities and industries. The goal is to create a supportive ecosystem for the tokenization of communities, which can provide benefits such as increased engagement, loyalty, and revenue. Subscribe to the 2Tokens monthly newsletter & podcast and stay informed about this framework that they are building.

Read up on the latest tokenization insights by 2Tokens on their monthly newsletter, their blog and podcasts.

As tokenization continues to gain traction, the partnership between THX Network and 2Tokens paves the way for more innovative applications of tokens in business models in the future.

About 2Tokens 🪙🪙

2Tokens is a non-profit foundation that formulates a guide, as part of a larger vision, for any type of organization that wants to leverage tokens.

The aim is to come to a shared understanding of the token economy, and as such, it is a public interest initiative supported by a diverse community of technology companies, policymakers, financial advisors, banks, legal and regulatory experts, and academia. Another aspect of this vision is the educational aspect embedded in the 2Tokens foundation. Through the development of token use cases, expert sessions, masterclasses, podcasts, and the documentation of our activities, we increase the token knowledge base of both our participants and interested people and organizations.

Subscribe to the 2Tokens monthly newsletter & podcast and stay informed about this framework that they are building.

Go to https://2tokens.org and claim engagement rewards using the giftbox in the lower right corner?

About THX Network 🤜🤛

When receiving something nice, the logical reply is “thanks”!

Our team believes that in ten years’ time, having digital assets such as NFTs will be just as common as having a website. We’re making this future possible for everyone by offering you token-powered marketing solutions that can be embedded in 30 minutes or less.