A "Token Standard" refers to a set of rules and guidelines that define how tokens operate on a blockchain. These standards ensure that tokens can be easily created, transferred, and interacted with across different platforms and applications. Common examples include the ERC-20 and ERC-721 standards on the Ethereum blockchain, which facilitate fungible and non-fungible tokens, respectively. By adhering to a token standard, developers can create interoperable tokens that work seamlessly within the broader ecosystem. This promotes consistency and reliability, allowing users to trade, sell, or use tokens without compatibility issues. Overall, token standards play a crucial role in the growth and functionality of blockchain technology.