Tokenization Models

Overview

Xyxyx's tokenization models are frameworks that define how text records are converted into text-based tokens. Xyxyx introduces two foundational tokenization models (1x1 and A4), which adhere to different intended use cases.

Model	Description
1x1	A model for tokenizing short text records
A4	A model for tokenizing long text records

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Key Concepts

Text-Based Tokens

Xyxyx's tokenization models are founded upon text-based tokens.

Text-based tokens are text records incorporated into tokens. These tokens have an embedded visual output (similar to NFTs), making text records effortlessly accesible to token beholders.

On-Chain Data Storage

Text-based tokens are rendered and stored fully on-chain, providing the highest level of data integrity and provenance (i.e., immutability and permanency). Every text-based token is embodied through a Base64-encoded SVG output that is encapsulated into the token metadata, which is stored entirely on blockchain rails.

As a result, through text-based tokens, Xyxyx proposes a fully blockchain-based method for text data storage that requires no dependencies on off-chain hosting services (such as IPFS), leveraging the Ethereum blockchain as the data storage layer.

Portability

Portability is a core feature of text-based tokens.

On the one hand, each text-based token is cryptographically etched on the blockchain and, on the other hand, can also be exported as an SVG file. This allows text-based tokens to function as immutable blockchain records and as portable data files for analysis and management.

Multilingual

Text-based tokens support the use of text from all of the world's digitized writing systems, whether it’s Japanese, Arabic, Russian, Korean, or Chinese.