Everyone talks about 'tokens' in crypto... but.
Do you really know what a token is?
When you first start in the crypto world, there are words that are repeated so much that you pretend to understand them.
And 'token' is one of them.
If you still don't know what it means or what it's for, this post is for you.
(You're doing better than you think just by reading this).
What is a token?
In the crypto world, a token is a digital unit that lives within a blockchain and represents something of value.
It can be a currency (like $USDT), a voting right, an object in a game, a ticket to an event... even a part of a project.
They are programmable digital assets, created for different purposes.
Are all tokens the same?
No.
There are several types, but the most common are:
Utility tokens: allow access to functions or services (for example, BNB to pay lower fees on Binance).
Governance tokens: give the right to vote on decisions of a project (like in DAOs).
(Don't worry, topic for another post).
Stable tokens (stablecoins): like USDT or USDC, their value is tied to the dollar.
Game or metaverse tokens: like SAND or AXS, are used within crypto games.
NFTs: are also tokens, but unique and indivisible.
So... why are they used so much?
Because tokens democratize access.
Before, only a few could invest in projects, have a stake, or move money globally.
With tokens, anyone can do it from their phone, with little money and without intermediaries.
And you, did you already know what a token was?
Do you want me to make a guide on the types of tokens and how they are used?
📊 Check how the most traded pairs are doing by clicking here 👇
$BTC
$ETH
$BNB
I read your comments 👇
#TrumpVsMusk
#DYMBinanceHODL
Do you really know what a token is?
When you first start in the crypto world, there are words that are repeated so much that you pretend to understand them.
And 'token' is one of them.
If you still don't know what it means or what it's for, this post is for you.
(You're doing better than you think just by reading this).
What is a token?
In the crypto world, a token is a digital unit that lives within a blockchain and represents something of value.
It can be a currency (like $USDT), a voting right, an object in a game, a ticket to an event... even a part of a project.
They are programmable digital assets, created for different purposes.
Are all tokens the same?
No.
There are several types, but the most common are:
Utility tokens: allow access to functions or services (for example, BNB to pay lower fees on Binance).
Governance tokens: give the right to vote on decisions of a project (like in DAOs).
(Don't worry, topic for another post).
Stable tokens (stablecoins): like USDT or USDC, their value is tied to the dollar.
Game or metaverse tokens: like SAND or AXS, are used within crypto games.
NFTs: are also tokens, but unique and indivisible.
So... why are they used so much?
Because tokens democratize access.
Before, only a few could invest in projects, have a stake, or move money globally.
With tokens, anyone can do it from their phone, with little money and without intermediaries.
And you, did you already know what a token was?
Do you want me to make a guide on the types of tokens and how they are used?
📊 Check how the most traded pairs are doing by clicking here 👇
$BTC
$ETH
$BNB
I read your comments 👇
#TrumpVsMusk
#DYMBinanceHODL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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