Token management refers to the process of overseeing and controlling digital tokens used in various applications, such as cryptocurrencies and digital assets. It involves the creation, storage, transfer, and tracking of these tokens to ensure their security and proper usage. Effective token management helps prevent fraud and unauthorized access, making it essential for businesses and individuals engaging in digital transactions. In the context of blockchain technology, token management can also include the use of smart contracts, which automate the execution of agreements involving tokens. This ensures that transactions are transparent and tamper-proof, enhancing trust among users. Proper token management is crucial for maintaining the integrity of systems like Ethereum and Bitcoin.