A digital asset traded on a blockchain network is referred to as a crypto token. Using cryptocurrencies as cash or exchanging them for goods and services makes them more flexible than stocks or bonds. There are various Crypto Tokens to create.
Let’s see what are they:
Types of Crypto Tokens:
To facilitate various operations, a variety of crypto token kinds were offered to the market. They come in the forms of equity, utility, security, and governance tokens.
Let's dive to know about it one by one.
Utility Token
It is a kind of digital token that is employed to raise money to provide different services. By offering the greatest results, these tokens are useful to users.
Equity Token
Equity tokens provide a fraction of asset shares. Equity token owners are entitled to a share of the company's earnings.
Governance Token
By granting the power to vote, Governance Token offers its holders a unique opportunity. They can also recommend any necessary upgrades or improvements for the platform's improvement. Low transaction fees are offered by this token.
Security Token
It eliminates the divide between conventional finance and the cryptocurrency industry. Smart contracts are used to design it, which increases transaction speed. Additionally, it guarantees safety while dealing with.
Ending Words:
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