# WHAT IS TOKEN?

**Published by:** [Abdusomad Mudathir ](https://paragraph.com/@abdusomad-mudathir/)
**Published on:** 2024-01-10
**URL:** https://paragraph.com/@abdusomad-mudathir/what-is-token

## Content

Token A token is a cryptocurrency that is built on another blockchain, for example a dApp that runs on Ethereum’s blockchain. Tokens represent an asset or utility for a specific project and are sold (or given) to during the first public sale for a project, an Initial Coin Offering (ICO), which mirrors an Initial Public Offering in the stock market. The United States Government has been focused on tracking down fraudulent ICOs, but that’ something we’ll get to later on. There is another very important distinction with tokens. There are two general types of tokens: utility and security.

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