Token (Symbol)
A "Token (Symbol)" refers to a digital asset that represents a unit of value on a blockchain. Tokens can serve various purposes, such as representing assets, granting access to services, or facilitating transactions within a specific ecosystem. They are often created through a process called an Initial Coin Offering (ICO) or a Token Generation Event (TGE).
Tokens can be categorized into two main types: Utility Tokens and Security Tokens. Utility tokens provide users with access to a product or service, while security tokens represent ownership in an asset or company. Both types play a crucial role in the growing world of cryptocurrencies and blockchain technology.