Token management refers to the processes and strategies involved in creating, issuing, maintaining, and governing tokens within a blockchain ecosystem. Tokens can represent various assets, rights, or functionalities and are used for various purposes, such as representing a stake in a project, facilitating transactions, or granting access to certain features.Effective token management includes monitoring the supply and demand dynamics of the tokens, ensuring proper distribution among stakeholders, and maintaining compliance with relevant regulations. It also involves managing the security of the tokens to prevent theft or fraud.Governance is another crucial aspect, as it involves making decisions about the future of the token, including upgrades, changes in utility, or the introduction of new features. Community involvement is often solicited to ensure stakeholder interests are represented.Overall, successful token management ensures efficiency, security, and adaptability, contributing to the long-term viability of a project and its tokens.