Non-coin cryptocurrencies, often called tokens, are digital assets created on existing blockchain platforms like Ethereum. Unlike coins such as Bitcoin or Litecoin, which operate on their own blockchains, tokens rely on another blockchain's infrastructure. They can represent various assets or utilities, such as access to a service, voting rights, or ownership in a project. Common types of tokens include utility tokens, security tokens, and governance tokens. Examples include Uniswap (UNI), Chainlink (LINK), and Tether (USDT). Tokens are crucial in decentralized applications (dApps) and decentralized finance (DeFi). They expand blockchain use beyond currency, enabling innovative business models and digital ecosystems.
