A platform token is a type of cryptocurrency that is created and utilized within a specific blockchain ecosystem or platform. These tokens often serve multiple purposes, including enabling transactions, facilitating smart contracts, and providing access to various services within the platform.One of the primary roles of platform tokens is to act as a medium of exchange for users. People can use them to pay for fees, services, or features available within that platform. For instance, they may be required to pay network transaction fees or acquire certain services.Additionally, platform tokens can offer governance rights, allowing holders to participate in decision-making processes, such as voting on protocol changes or project developments. This empowers users to have a say in the future direction of the platform.Examples of well-known platform tokens include Ethereum’s Ether (ETH) and Binance Coin (BNB). Both enable users to utilize the features of their respective networks while providing opportunities for investment and speculation.