What is a token?

In general, a crypto token is another way to say “cryptocurrency," “digital asset," or “cryptoasset." More specifically, a crypto token is an asset that represents ownership or value in a decentralized system. They are created on blockchain platforms and are used for a variety of purposes, such as granting access to specific goods or services, representing shares in a project, or as an incentive for users to participate in a particular ecosystem.

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