Understanding the Types of Tokens for Trading

Understanding the Types of Tokens for Trading

The world of tokens is vast, and understanding the different types can help you make informed trading decisions. Here’s a breakdown of the most common token types available for trading:

  1. Utility Tokens:
    Utility tokens are designed to provide access to a product or service within a specific blockchain ecosystem. For example, you might use a utility token to pay for decentralized cloud storage or to access premium features in a decentralized application (dApp). These tokens are typically used within their respective platforms and can offer unique benefits to holders, such as discounts or exclusive access.

Back to blog