What are the main categories of tokens in the cryptocurrency market?

1 answers

• gakkioxJan 09, 2024 · 2 years ago
  When it comes to tokens in the cryptocurrency market, there are three main categories: utility tokens, security tokens, and stablecoins. Utility tokens are used to access a specific product or service within a blockchain network. They often have a specific use case and can be used for transactions or to unlock certain features. Security tokens represent ownership in an underlying asset or company and are subject to securities regulations. Stablecoins, as the name suggests, aim to maintain a stable value and are often pegged to a fiat currency or a commodity. These categories help differentiate the different types of tokens and their intended purposes.
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