The main functions of tokens in the Ethereum ecosystem and related token names (in no particular order):
1. Transaction and payment:
Ethereum (ETH): ETH is the native token of the Ethereum blockchain and is widely used as a medium for transactions and payments.
ERC-20 tokens: tokens issued based on Ethereum smart contract technology, with standardized interfaces and specifications, which can realize functions such as token issuance, transfer and transaction on Ethereum. Many tokens on the market are currently issued based on the ERC-20 standard.
Curve Finance (CRV): A token provided by a DEX and automated market maker (AMM) platform for fast and easy token swaps.
Aave (AAVE): A lending protocol where lenders can earn rewards by adding Ethereum-based assets to liquidity pools, and borrowers can post approved assets as collateral for loans.
SushiSwap (SUSHI): A decentralized exchange protocol that allows users to trade between different assets.
UniSwap (UNI): A decentralized exchange (DEX) that provides one-stop trading based on liquidity pools.
OMG Network (OMG): A decentralized trading platform for cross-chain interaction and data privacy protection on the Ethereum blockchain.
2. Value storage:
Bitcoin (BTC): Bitcoin is a store of value and is widely used as a means of investment and preservation of value.
Ethereum (ETH): ETH is also a value storage tool and is widely used as a means of investment and preservation of value.
Bitcoin Cash (BCH): BCH is a fork of Bitcoin that aims to solve the Bitcoin scaling problem and is also used as a value storage tool.
Ethereum Classic (ETC): ETC is a forked coin of the Ethereum blockchain, designed to protect the original Ethereum protocol from any possible changes and is also used as a value storage tool.
3. Investment:
Cryptocurrency funds: These are funds that invest exclusively in cryptocurrencies, allowing investors to indirectly invest in blockchain projects or other real assets by purchasing fund shares.
IEO (Initial Exchange Offering): A cryptocurrency crowdfunding method that issues and sells tokens on an exchange platform.
4. Create new assets:
ERC-721 token: A non-fungible token (NFT) issued based on Ethereum smart contract technology that can be used to create and trade unique, non-replicable digital assets.
ERC-1155 token: A type of fungible and non-fungible token (NFT and Fungible Token) issued based on Ethereum smart contract technology, which can be used to create, issue and manage digital assets.
5. Access to specific services:
Game Tokens: Some games use specific tokens as in-game currency, which players can purchase or earn to gain access to in-game goods and services.
Platform tokens: Some platforms use specific tokens to provide specific services, such as storing data, using DApps, participating in voting, etc.
6. Governance:
Blockchain governance tokens: These tokens are used as a governance tool, and holders can vote to decide the future development direction of the blockchain application. For example, Dash's Masternode token is used as a governance tool, and holders can participate in voting to decide the development direction of the Dash blockchain.
The above are some of the main functions and related token names of tokens in the Ethereum ecosystem. These tokens play different roles in the ecosystem, adding diversity and flexibility to the entire blockchain ecosystem.
