Token creation refers to the process of generating digital tokens on a blockchain. These tokens can represent various assets, such as currency, property, or even digital art. The creation typically involves defining the token's properties, such as its name, symbol, and total supply, and then deploying a smart contract that governs its use and transfer. Once created, tokens can be used for various purposes, including trading on exchanges, participating in decentralized finance (DeFi) applications, or representing ownership in a project. Token creation is a fundamental aspect of many blockchain projects, enabling new economic models and community engagement.