Tokens and Classifications - Explained
Cryptocurrency is spreading to the knook and corner of today's digita world. As there are more and more beneficial inventions and technologies enters into the crypto world , makes cryptocurrency more viral. Cryptocurrency is a digital asset prefered by many individuals to trade online to meet high profit. Cryprto Tokens are one which made recent entry and created a tough situation for cryptocurrency. Tokens - What is it ?? It is very difficult to define the term token as it has many forms and features .Thus token is one which can do one or more of the following functions. A currency, used as a payment system between participants A digital asset or right A share in a company or project A reward for contributors Payment for using a system/product/service Types of Crypto Token : The crypto tokens are classified into Equity Tokens Utility Tokens Security Tokens Equity Tokens : An equity token is one which holds the share of an individual in the underlying...