Posted on : by : BlockGlossary

Share This

Meaning of Token

Just like a dollar bill, a token is an item that stands for value.

They can represent any asset, from points to coins, shares, vote power, utility bill and more. Some tokens are published on coin exchanges, allowing them to be bought, sold and traded for legal tender or other cryptocurrency.

See ERC20 Token, ERC23 Token, ERC721 Token, NEP5 Token!

« Back to Dictionary Index

By using this website you agree to accept our Privacy Policy and Terms & Conditions