Cryptocurrency tokens are units of digital currency that are created and managed on a blockchain network. They are similar to other forms of digital currency, such as Bitcoin, Ethereum or Litecoin, but differ in that they are often created to serve a specific purpose, such as access to a decentralized application or service, or as a reward or incentive for certain actions.
Tokens can represent various assets or utility, such as shares of a company, access to a platform or network, or a store of value. They can be bought, sold, or traded on cryptocurrency exchanges or through other means. Some tokens also have unique features such as governance or staking mechanisms that allow token holders to participate in decision-making or earn rewards on the network.
Examples of popular cryptocurrency tokens include ERC-20 tokens such as Tether (USDT), Chainlink (LINK), and Uniswap (UNI). Each token has its unique features and use cases, and their value is usually determined by supply and demand on the market.