Token
Also known as: Digital Token, Crypto Token, Blockchain Token
A digital unit of value issued on a blockchain, representing assets, utility, or governance rights.
A token is a digital representation of value created and managed on a blockchain. Unlike coins (like BTC or ETH) which are native to their own blockchains, tokens are usually built on existing networks such as Ethereum (ERC-20), Solana, or Binance Smart Chain. Tokens can serve various purposes: utility (access to services), governance (voting in DAOs), or representing assets (like stablecoins or NFTs). They are fundamental to decentralized finance (DeFi), gaming, and Web3 economies. Token standards ensure interoperability across wallets and protocols.