One would often find people using two different terms in the crypto market, namely crypto tokens and coins. Wondering what are tokens in cryptocurrency? Crypto tokens are referred to as the type of cryptocurrency representing an asset or a particular utility residing on their own blockchain network. Crypto tokens that are also known as crypto assets represent a certain unit of value.
Crypto tokens are used as a mode of investment and are a storehouse of value. Investors bid their money on these financial instruments. Altcoins and stablecoins are various types of crypto tokens having different functionalities. Crypto tokens are often created during initial coin offerings (ICOs) and are used to raise funds during crowd sales as well.