What Are Cryptocurrency Tokens?

What is a crypto token?

A crypto token is a virtual currency token or denomination of a cryptocurrency. It represents a tradable asset or utility that resides on its own blockchain and allows the holder to use it for investment or economic purposes.

While crypto coins are essentially digital versions of money, tokens can stand for assets or deeds. You can buy tokens with coins, but some tokens can carry more value than any of them. For example, a company’s share.