Crypto Token
A crypto token refers to a value unit created on a blockchain, designed to be adaptable and developed by organizations or projects for utilization within established blockchain ecosystems. These tokens exhibit features like programmability, transparency, permissionlessness, and trustlessness. Crypto tokens serve diverse functions within their respective platforms, such as acting as collateral in decentralized financial (DeFi) applications, accessing platform-specific services, or engaging in voting mechanisms within DeFi protocols.