Tokens (also known as tokens) are often confused with cryptocurrencies such as bitcoin and ethereum. Tokens are more like shares in a company on the stock market, and can be traded for profit, but "shares" are not dollars and euros after all. Also, not all tokens have value. The most common tokens are the ERC-20 tokens, which run on the Ether blockchain and make up the bulk of DeFi. Some tokens grant the holder the right to vote on how a DAO, DEX or dApp is issued and are also known as "governance tokens".