💡Token is an obligatory aspect of any #ICO. If you read our post, then, most likely, are already familiar with this term. Just in case, let's recall: ICO is a form of crypto-currency crowdfunding. That is, attracting #investments for the #development of the project.
Formally, in a digital glossary, a token is a gadget or an array of characters used to identify users.
To some extent, this "transcription" is also relevant for ICO / #Cryptocurrency. The presence of certain tokens indicates the person's belonging to the project, is the proof of his participation.
The #token itself can simultaneously be used as a remuneration tool, and also be a unit of account.
Here are some important features and facts about tokens:
-Tokens became widespread due to the development of the crypto-currency market. If he continued to consist of just a few coins, then there would be no need for additional digital assets. The push for the popularization of ICO and tokens is associated with the creation of the #Ethereum platform with its technology of #smartcontracts;
-By purchasing tokens during the ICO, you acquire private keys. They store information about the number of assets owned by you;
-Tokens are an object of investment and tend to increase in value. Here again, an analogy with shares of a company or a #startup is suitable. #Investors who bought tokens, not only can use them in the internal ecosystem of the project, but also receive their #dividends;
In conclusion, the token is a digital share, a #payment option, and a #donation / reward tool. From ourselves we add that buying tokens is a potentially profitable option of high-yield investment.