Education for my followers📈📊:

Hello beautiful and successful people, as I told you in the previous post, I will upload one that talks about token, I do this for educational purposes because I want the best for you.

Tokens represent an asset or utility, they are digital currencies, tokens are issued through pre-existing networks rather than their own ledger.

Tokens are not mined in the process of validating transactions, instead they are minted.

Their emissions are subject to a series of prior conditions determined by the issuing project, they are linked to the value of the asset that they represent, examples: $BNB $SHIB etc.

They are a common way for cryptocurrency entrepreneurs to raise funds the most common method is ICO;initial coin offering.

Different types of tokens:

Utility token: They help provide a service.

Service Token: Service tokens are cryptocurrency projects that allow the holder to gain access or perform a function on a network.

Financial token: An example of an exchange token that allows you to use a cryptocurrency exchange, they are most commonly sold through ICOs.

Security Token: Type of fractional ownership, used to signify legal ownership of an asset.

Governance Token: Tokens are used for governance purposes, granting holders the ability to vote on specific issues within a cryptocurrency network.

Media and Entertainment Token: Media and entertainment tokens are another type of cryptocurrency used in the media and entertainment industries.

Non-fungible tokens: They cannot be considered cryptocurrencies because they are not fungible, which implies that one unit of a specific cryptocurrency is equal to the next.

Equity Token Sales: Method by which companies can use security tokens to generate funds.

Consider:

Financial tokens, exchange tokens and security tokens are related to financial transactions.

What do you think?