Token

A token is a digital asset created and managed on a blockchain, representing various forms of value or utility. Unlike native cryptocurrencies like Ether, tokens are built on existing blockchain platforms, utilizing smart contracts to define their characteristics and functions. Tokens can serve multiple purposes, such as granting access to specific services (utility tokens), representing ownership in assets (security tokens), or functioning as a medium of exchange within a particular ecosystem.

For web3 developers, understanding token standards like ERC-20 for fungible tokens and ERC-721 for non-fungible tokens (NFTs) is crucial for creating interoperable and secure decentralized applications (dApps). The versatility of tokens enables the tokenization of both digital and physical assets, facilitating innovative financial models and decentralized services

Launch a fungible token →

Launch a non-fungible token (NFT) →