I have heard there are several types of tokens on the market. What is the main difference?

10 000 question challengeCategory: Profits (trading, ICO, mining)I have heard there are several types of tokens on the market. What is the main difference?
Ivan asked 5 months ago

1 Answers
tokenh6_wp Staff answered 5 months ago

You are absolutely correct, there are several types of tokens. Here are short explanations for them all:
 

  • Utility token: gives you a right to buy product/use service of token issuer
  • Cryptocurrency: a coin that is meant to be used for payments/transactions in a specific network
  • Stock tokens: tokens that are issued following all rights of securities, usually projects guarantee to pay out % of profit or revenue to tokenholders
  • Bonds tokens: token that gives the owner a right for an announced plan of payments (really close to a normal bond)

 
 
More about it here: https://medium.com/digital-finance/types-of-tokens-affc38d254e5

Your Answer