As token-based network models become increasingly active and innovative, developers are contemplating how to differentiate between various types of tokens—and which token best suits their business. Meanwhile, consumers and policymakers are also trying to better understand the role and risks of blockchain tokens in applications. To help clarify token categories, this article provides definitions, examples, and a classification framework to understand the seven types of tokens that developers m...

As token-based network models become increasingly active and innovative, developers are contemplating how to differentiate between various types of tokens—and which token best suits their business. Meanwhile, consumers and policymakers are also trying to better understand the role and risks of blockchain tokens in applications. To help clarify token categories, this article provides definitions, examples, and a classification framework to understand the seven types of tokens that developers m...