Token

A token is a digital asset that represents a unit of value on a blockchain network. Tokens can represent various things, including currency, ownership, voting rights, or access to certain services. Tokens are typically issued through smart contracts on existing blockchain platforms like Ethereum (ERC-20 tokens), Binance Smart Chain (BEP-20 tokens), or Solana. They are used in a variety of applications, such as DeFi, gaming, and governance, and can be fungible or non-fungible (NFTs). An example of a token is DAI, a stablecoin issued on Ethereum, which is used in DeFi applications.