Tokens are a type of crypto that runs on another blockchain, for example well-known tokens such as USDT, Shiba Inu, etc. So basically, tokens don't have a blockchain so they have to ride on another blockchain. Here are several types of tokens that we need to know, such as:
1. Payment Token, created for payment or as a medium of exchange, for example, CBDC, Cake bank etc.
2. Utility Token, created to fund project development, for example: Decentraland, WienerAI ($WAI), PlayDoge, ERC-20 Standard Projects etc.
3. Security tokens, are a type of token whose value has been pegged to certain shares, for example: Harbor, tZero, Polymath etc.
4. Non-Fungible Tokens, tokens created with works of art. For example: CryptoPunks, DeGods, Moonbirds etc.
5. Stablecoin Token, a type of token that has a value that does not change according to its original value or the asset being pegged. for example USDT, USDC etc.
1. Payment Token, created for payment or as a medium of exchange, for example, CBDC, Cake bank etc.
2. Utility Token, created to fund project development, for example: Decentraland, WienerAI ($WAI), PlayDoge, ERC-20 Standard Projects etc.
3. Security tokens, are a type of token whose value has been pegged to certain shares, for example: Harbor, tZero, Polymath etc.
4. Non-Fungible Tokens, tokens created with works of art. For example: CryptoPunks, DeGods, Moonbirds etc.
5. Stablecoin Token, a type of token that has a value that does not change according to its original value or the asset being pegged. for example USDT, USDC etc.
