Token
A digital asset issued on an existing blockchain rather than having its own. Tokens can represent governance rights, access to a service, a claim on something, or nothing in particular.
Also called tokens · crypto token
A digital asset issued on an existing blockchain rather than having its own. Tokens can represent governance rights, access to a service, a claim on something, or nothing in particular.
Why it matters
What a token actually entitles the holder to varies enormously and is often narrower than marketing implies.
Related terms
- Smart Contract
- Tokenomics
- Altcoin
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