Token Standard
A token standard is a set of rules that defines how a type of digital token works on a blockchain. The most popular one is called ERC, which is used on the Ethereum network.
More terms under T
- Token LockupToken lockup is a period when you cannot sell or trade your cryptocurrency tokens.
- Token MigrationToken migration is when tokens are moved from one blockchain to another, usually because the blockchain is changing or upgrading.
- Token SaleA token sale is when a new cryptocurrency token is sold to a select group of investors before it becomes available to the public.
- Token SwapToken swap is the process of exchanging one cryptocurrency token for another directly between users, often using a special service. It can also mean moving a…
- TokenSets (Set Protocol)TokenSets is a decentralized platform that helps you manage a collection of cryptocurrencies using Set Protocol.
- TokenizationTokenization is the process of converting real-world assets, like property or artwork, into digital tokens. These tokens represent ownership and can be shared…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.