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Crypto Token Development

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Crypto code UK

What is a Crypto Token?

A crypto token is a type of Cryptocurrency featuring different characteristics to that of Altcoins. While altcoins refer to as currencies other than Bitcoin, Crypto Token is a representation of an asset or utility.

For instance, a crypto token may represent a fixed number of service, loyalty points or any content on the network. The following are the features of a Crypto Token:

  • Crypto tokens or cryptos are not digital money. Rather, they are digital assets, transferable and exchangeable with other cryptocurrency or tokens.
  • A token is a cryptographically secure string of data or information.
  • Tokens are created on an existing blockchain.
  • Tokens operate on a blockchain to facilitate transactions for developing decentralize apps and execute smart contracts.
  • Crypto tokens are distributed in standard ICO Process.

Why Crypto Token Development?

It is the massive business prospect increasing the demand for crypto token development. These are the tokens (of value) that give you the right to access any services or product on the blockchain network. From the business perspective, a crypto token is a trending idea which is pushing enterprises and entrepreneurs to launch ICOs.

Further Readings:

  • Raising Funds Through ICOs
  • ICO Campaigns vs Venture Capitalist Funding
  • Understanding ICO Scams
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