A Crypto Token is created by a blockchain. It is a digital asset that is defined by a cryptographic token. It can be used for purchasing goods and services.The term crypto token refers to a special virtual currency token or how cryptocurrencies are denominated. A crypto token is a hybrid of currency, commodity, stock and even voting rights in that it is a fully fledged monetary unit with the added benefit of being a tradable commodity.Crypto token is a unique electronic token which has got a cryptographic signature and it is created by blockchain technology. It is similar to the token issued by a bank. A crypto token can be used as a currency but different from currency. For example, a crypto token can be used to buy goods or services, just like any other cryptocurrency.There are many types of crypto tokens. For example, it can be ICO (Initial Coin Offering or Initial Token Offering) or ITO (Initial Token Offering). The main difference between these two types of crypto tokens is that ICOs are currently unregulated in most countries however ITOs are registered with SEC in the US and other regulatory bodies in other countries.
