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.
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.
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.