@Lagrange Official
A token is a digital unit of value created and managed on a blockchain. Unlike coins like Bitcoin or Ethereum, tokens are built on existing blockchains, often using standards like Ethereum’s ERC-20. Tokens can represent assets, utility, ownership rights, or access to services. They are commonly used in decentralized finance (DeFi), gaming, NFTs, and fundraising (ICOs). Utility tokens grant access to a platform, while security tokens may represent shares or assets. Stablecoins are tokens pegged to fiat currencies. Tokens are transferred via smart contracts and traded on crypto exchanges, playing a key role in blockchain-based ecosystems and decentralized applications (dApps)
