What Are The Different Types Of Tokens?
Certainly, here we have listed out the various types of tokens commonly used in the world of blockchain and cryptocurrency:
Types Of Tokens
- Security Tokens:
Security tokens represent ownership in real-world assets, such as company shares or real estate, and are often subject to financial regulations.
- Utility Tokens:
Utility tokens provide access to specific products or services within a blockchain platform or ecosystem to enable functionality like decentralized applications (DApps).
- Equity Tokens
Equity tokens are a subset of security tokens to represent ownership in a company or project, often with rights to profits and governance.
- Governance Tokens
Governance tokens grant holders the right to participate in the decision-making processes of a decentralized network or platform that often involves voting on protocol changes.
- NFT Tokens (Non-Fungible Tokens)
NFTs are unique digital assets that prove ownership and provenance of items like digital art, collectibles, virtual real estate, and in-game items.
- DeFi Tokens (Decentralized Finance Tokens):
DeFi tokens are used within decentralized finance applications and protocols that perform functions like lending, borrowing and yield farming.
- Metaverse Tokens
Metaverse tokens are used within virtual worlds, online gaming environments, and metaverse platforms to buy, sell, and trade virtual assets and currencies.
- AI Tokens
AI tokens may not be tied to a specific blockchain but are used in AI and machine learning projects for data exchange, services, or training.
Reach out to the leading Token Development Company to know more about the token types in detail.
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