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Glossary·
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Definition

Token

A unit of value or rights issued on a blockchain. Fungible tokens are interchangeable like currency; non-fungible ones are unique. Most are created from standard contracts such as ERC-20 or ERC-721.

Why it matters

Tokens are the mechanism behind payments, loyalty, access rights, and fundraising in Web3 products. Their design is also a legal question, because in many jurisdictions a badly structured token is a security.

How we approach it

We implement tokens on audited standard contracts, model supply and distribution before deployment, and insist that the legal classification is settled with your counsel first — the code is the easy part.

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