A token is a digital asset that is issued and managed on top of an existing blockchain platform. Tokens can represent a variety of utilities such as access rights, ownership, or even voting power within a project.
They are commonly used in fundraising methods like Initial Coin Offerings (ICOs) and serve as the fuel for decentralized applications and ecosystems.
Tokens come in various forms including utility tokens, security tokens, and governance tokens, each designed for specific functions within their respective networks.
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