In the context of cryptocurrency and blockchain technology, a token refers to a digital asset or unit of value issued by a project or organization. Tokens can represent various assets, rights, or functionalities within a blockchain ecosystem, such as ownership of assets, access to services, voting rights, or participation in decentralized applications (DApps).

Tokens are typically created and distributed through initial coin offerings (ICOs) or token sales, where investors purchase them using cryptocurrencies like Bitcoin or Ethereum. These tokens are often built on existing blockchain platforms such as Ethereum, utilizing smart contracts to define their functionalities and manage their distribution.

“I hold a variety of tokens in my cryptocurrency portfolio, each representing different opportunities and use cases within the blockchain space.”