What are Crypto Tokens?

Created by Ryan D, Modified on Wed, 24 Jan at 6:14 PM by Ryan D

Tokens take second chair to coins when it comes to ruling the cryptosphere, but that doesn’t stop them from making a major impact and driving most new projects in the crypto universe.


While all coins are technically “tokens,” not all tokens can be called coins unless they’re the native asset to a blockchain. Sometimes, the term “token” is used to describe any asset that’s not a blockchain-native coin.


Crypto tokens are built on top of an existing cryptocurrency’s blockchains, using the existing structure to validate and secure the projects. Tokens can serve a wide range of purposes, from facilitating decentralized exchanges to selling digital collectors items or objects and commodities in video games.


There are four primary types of tokens: DeFi tokens, governance tokens, non-fungible tokens (NFTs) and security tokens. Each one can be exchanged or owned in the same way as any other cryptocurrency, in your Zelcore wallet.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article