A crypto token represents a unit of value issued on a blockchain, often reflecting various assets or utilities. Unlike cryptocurrencies, which primarily function as a medium of exchange, tokens usually exist on existing blockchains, such as Ethereum.Tokens can serve different purposes. Some represent assets like real estate or art, while others can provide access to specific features or services within a platform. For instance, users might buy tokens to participate in a decentralized application (dApp) or to access premium features.There are two main types of tokens: utility tokens and security tokens. Utility tokens allow users to engage with a service or product, while security tokens represent ownership in an asset, subject to regulatory scrutiny.Tokens are typically created through a process called an Initial Coin Offering (ICO) or a Token Generation Event (TGE), allowing projects to raise funds while distributing tokens to investors. Overall, crypto tokens offer a diverse range of functionalities, contributing to the evolving landscape of blockchain technology.