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In the evolving world of blockchain, cryptocurrency tokens play a central role in enabling decentralized applications, economies, and communities. Unlike traditional currencies, these tokens are programmable, borderless, and secured by blockchain networks, opening a world of possibilities across finance, gaming, art, and more.
But what exactly is a cryptocurrency token, and why are they so important?
🔍 What Is a Cryptocurrency Token?
A cryptocurrency token is a digital asset built on top of a blockchain platform. Unlike coins such as Bitcoin or Ethereum, which are native to their blockchains, tokens are created using existing blockchain infrastructure—commonly Ethereum (ERC-20), BNB Chain (BEP-20), Solana, or others.
Tokens can represent a wide range of values or functions, such as:
Currency (used for payments or trade)
Utility (access to services in a dApp)
Governance (voting rights in decentralized platforms)
Assets (digital or real-world like real estate or art)
🛠 Types of
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