Different Types of Crypto Tokens and How do they Work?

[SATIN Token]

Cryptocurrencies and crypto tokens are two separate terms with different concepts and varying definitions. Although they look a little tricky to understand, both are pretty easy. Ever since cryptocurrency gained traction in the digital coin market, the demand for tokens has been on the rise. In fact, if you search for the upcoming crypto tokens on the internet, you will find a list of the new launches, as well as, tokens that will be launched in the next few years.

In simple terms, crypto tokens refer to the unit of value of the cryptocurrency. These are widely used for buying digital items, storing cryptocurrency, and investment purposes. As these tokens involve a set of rules and offer access rights to the customers, it goes without saying that these are to be protected by a smart contract. The tokens stay in the specific blockchain address, which only the user who has access to the specific pair of keys can use. Put it this way, you need access to the private key in order to access the particular token. Let’s take a look at the different types of crypto tokens you should know about. Buy digital land NFT

Payment Tokens

Commonly known as coins, payment tokens are used as a medium of exchange. The common examples of payment tokens are Ethereum, Bitcoin, and Tether are the most popular types of payment tokens. The value of the tokens depends on the market demand and supply factors.

Utility Tokens

Utility token allows people to buy products and services within the blockchain. For instance, a cryptocurrency holder can use their Ethereum tokens to get access to certain applications or proceed with payments for smart contracts. Likewise, utility tokens make it possible for people to use GAS coins for the NEO network. Some of the best utility tokens for new investors are Ethereum, Solana, Polkadot, and Cardano. NFT for real assets

Security Tokens

As the name suggests, security tokens are used for shares and stocks. For all types of security-related transactions, you can use security tokens. Basically, these are the liquid contracts showing the value of the particular property. Put it in simple terms, the security tokens act as proof of your ownership of the particular property or a small portion of the property. There are different types of regulators involved in the trading and execution of these tokens.

Non-Fungible Token

Non-fungible tokens are unique in that they represent the ownership of digital assets, the value of which cannot be calculated in the real world. The tokens represent your ownership of a particular type of assets, such as audio, videos, and art. Even though non-fungible tokens are part of the same blockchain network as any other cryptocurrency, they shouldn’t be confused with a currency. They are only used for representing your ownership of special digital assets. Buy digital real estate NFT

These were the most popular types of cryptocurrency tokens used in the blockchain network. You can use these tokens for exchanges, storing a value, and showing your possession rights.

SATIN token launched on 23 February after an instant presale filled, while immediately reaching it’s first All Time High of 2.5x.

Buy early in order to gain maximum future earnings as the project grows and reaches new milestones.

SATIN is available on Pancakeswap for now:

https://pancakeswap.finance/swap?outputCurrency=0xEB76fA2975deec975...

SATIN is currently listing on CoinMarketCap and Coingecko, followed by numerous upcoming marketing developments.

SATIN future plans consist of:

a) launching on other crypto exchanges (both centralized and decentralized),
b) development and launching SATIN marketplace.