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HarranOnline

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Mahmoud Harran

Egypt

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    Harran

    2 weeks, 1 day ago

    What is token?

    ‏A token is a digital asset issued on a blockchain that represents a unit of value, ownership, or access to a specific service or asset. Unlike cryptocurrencies like Bitcoin or Ethereum, tokens are typically built on top of existing blockchain platforms, such as Ethereum, using standards like ERC-20 or ERC-721.

    ‏Tokens can serve various purposes, such as:

    ‏ 1. Utility Tokens: Granting access to a product or service within a specific ecosystem.
    ‏ 2. Security Tokens: Representing ownership in real-world assets like stocks, bonds, or real estate.
    ‏ 3. Fungible Tokens: Interchangeable units with the same value, like traditional currencies.
    ‏ 4. Non-Fungible Tokens (NFTs): Unique tokens that represent individual digital or physical items, such as artwork or collectibles.

    ‏In essence, tokens are versatile digital assets that can be used for a wide range of applications within blockchain environments.
    #follow to know more

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