
Understanding the Types of Tokens for Trading
Share
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:
-
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.