#Token
■ For beginners in crypto trading, you are certainly asking this question:
What is a token?
Definition and Importance of Tokens in the Cryptocurrency Universe
The term "token" generally refers to cryptocurrencies other than bitcoin and ethereum, but it also encompasses digital assets operating on the blockchain of other cryptocurrencies, particularly in decentralized finance (DeFi). Tokens can be exchanged and have various uses, ranging from decentralized exchanges to the sale of virtual items.
Among the types of tokens, there are DeFi tokens, which replicate traditional financial functions, and governance tokens, allowing holders to vote on protocol decisions. Non-fungible tokens (NFTs) represent ownership rights to unique assets, while security tokens are closer to traditional securities for raising funds.
● Like my post by double-clicking on the text and click "follow" at the top of the page if you wish to receive this kind of useful information that I post daily.