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Crypto tokens: Chips and dips
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Like a poker chip, a cryptocurrency’s native token represents a certain monetary value. Typically that value changes everyday, however, the key thing to remember is that they are fungible assets traded on blockchain systems. Unlike your standard cryptocurrency coin or altcoin, crypto tokens operate across their designated blockchain as a medium for decentralized apps (dApps) and smart contracts, enabling transactions and encouraging liquidity within the ecosystem. They can also be generated as part of an initial coin offering (ICO) or a first round of investment to fund a development on the blockchain. Indeed, they’re handy little things, able to take the form of tokenized stocks or gamified elements, but some are way more established and have better use-cases than others – it really depends on the project behind them. Here are some tokens worth considering as part of your portfolio or adding to your wallet, but beware, this list does not constitute advice. You should always do your own research before placing a trade.