A Token is based on existing blockchain platform or protocol and depends on its functioning (unlike independent Coins).

Today, numerous tokens exist, a large majority of which are based on the Ethereum blockchain (ERC-20 standard) or the Binance Smart Chain (BEP-20 standard).

See also: Coin, Cryptocurrency, Altcoin.

Didn't find the answer you were looking for?

Feel free to check our cryptocurrency market data or our comprehensive blockchain glossary.