Token standard refers to a set of rules and guidelines that dictate how a token operates on a blockchain. These standards ensure that tokens can be easily created, managed, and interacted with across various platforms and applications.One common example is the ERC-20 standard on the Ethereum blockchain. It outlines basic functions like transferring tokens, querying balances, and approving third-party spenders. This uniformity allows developers to create tokens that are compatible with wallets, exchanges, and other decentralized applications.Token standards promote interoperability, making it easier for users to trade, store, and utilize tokens. They also enhance security and reliability by reducing the chances of inconsistencies or vulnerabilities in token behavior.Different blockchains may have their own standards, but the overall goal remains the same: to facilitate a seamless experience for token creators and users alike.