Blockchain & Web3 Category
TOKEN
Digital asset or unit tracked on-chain.
Definition
A token is a digital unit recorded on a blockchain that can represent value, access rights, governance power, or other application-specific meaning.
Practical Example & Use Case
A product might issue tokens to represent in-app credits, governance votes, or access to a gated feature within a Web3 ecosystem.
Editorial review date: 2026-04-14