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In the modern world of Blockchain Technology, you must have come across the term "Tokens" many times. What are they?
What Is A Token?
Basically, a token is represented by a unit of value issued by a project.

Tokens are the "fuel" that powers the project's ecosystem. They can serve various functions, from granting the holder access to a service to representing an underlying asset. In cryptocurrency, tokens are usually built on existing blockchain platforms like Ethereum or Binance Smart Chain, which provide the necessary infrastructure to create, distribute, and manage them.

Tokens can fall under different categories:

1. Utility Tokens: These tok…

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