What is a community token?

Community tokens are the latest concept to generate cryptocurrency hype, boasting massive growth in the past six months. —A community token is a type of cryptocurrency that gives a holder access to a particular community based on the blockchain, with different perks and exclusive rewards available.

What is a crypto token?

Crypto tokens are a digital representation of an asset or interest in something and are built on a blockchain. Crypto tokens can also be used as investments, to store value, or to make purchases. Cryptocurrencies are digital representations of value designed to facilitate transactions (making and receiving payments) using blockchain technology.

What is a community coin?

Participation: Unlike projects that control operations and deploy features from the top-down, community coins allow users to participate in the nitty-gritty details of the project. Usually, the core team and community members jointly participate in token development, operational decisions, and distribution of coins.

What are blockchain tokens?

Blockchain tokens include reward, utility, security, governance, and asset tokens. Crypto tokens are digital representations of interest in an asset or used to facilitate transactions on a blockchain. They are often confused with cryptocurrency because they are also tradeable and exchangeable.