Crypto tokens are digital assets that exist on a blockchain network, used as a form of payment or to provide access to certain goods and services in the case of utility tokens. They’re often referred to as “crypto tokens,” since they’re similar to crypto like Bitcoin and Ether. But unlike cryptocurrencies, crypto tokens don’t represent their unit of value. Instead, they are created and issued by companies, for instance, a Crypto Token Development Company in India for use within their ecosystems.
Crypto tokens provide users with direct access to products and services from a company that might not otherwise be available. For example, if you wanted to buy a ticket for an event without going through a third-party provider like Ticketmaster or AXS, you might be able to buy it using a company’s token. You could also pay for goods and services by exchanging your crypto tokens for them directly on the company’s platform.
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