Definition of a Token
Tokens differ from cryptocurrency and altcoins in several ways. Tokens do not have their own blockchain. Tokens are issued via, for example, an ICO or an Airdrop on a blockchain of other coins (such as that of XRP). In addition, tokens often represent a product, proof of ownership, or part of a company.
Token used in a sentence
‘’I just purchased a new token via onXRP.’’
‘’You can trade the tokens via the onxrp dex.’’
‘’The team issued a new token which is going to sustain the ecosystem.’’
History/information/research of the term Token
Via onXRP we added a new use case for tokens, it is called tokenized whitelisting. XPUNKS was the first big NFT project which used a different kind of method to to a whitelist. For more information regarding ‘’tokenized whitelisting.’’ Visit this Article