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Colored coins & tokens


By: Raffaella Lovati


What is a token?

Crypto tokens are assets created through initial coin offerings (ICO). The owners of these tokens have the right to claim the underlying asset, which may be any real assets, from a house to a commodity, from a fiat currency to a cryptocurrency. These crypto-assets often serve as units for transactions on the blockchain, which keeps track of all the movements of the token.