What kind of tokens exist?

As the penetration of tokens advances and is integrated into all kinds of processes of daily life, it leaves behind many elements that seemed usual in daily life, but that complicated intermediation, the management of all kinds of operations, the beneficial effect of the tokens can be seen very clearly in the financial sector, which at many levels has managed to solve large potholes that in simple operations, involve unnecessary expenses and compliance with slow and complicated protocols.

There are not only two types of tokens, but various categories of them.

DeFi Tokens

Perhaps the most significant of all is this. The tokens designed to execute decentralized financial operations, are intended to fulfill traditional functions of the financial system such as loans, savings, insurance, trading, investments and more.

Government tokens

They are specialized DeFi tokens that allow their owners to take part in the future of a protocol or application. The great benefit of these is that they do not depend on any central authority, enjoying absolute autonomy.

Non-Fungible Tokens

The value and characteristics of NFTs are widely known. They are properties represented in digital assets or with applications in the real world, and they have thousands of functions. Their initial growth was through the collecting of digital artworks, but they also have possession applications over any variety of assets.

Security tokens

They are a new variety of digital assets that are intended to replace traditional securities such as stocks and bonds with their cryptographic value. The clearest representation of its use is in the sale of shares in a company. Currently, there are not a few companies that are adopting security tokens as an effective way to raise funds.

How do the tokens currently act?

There are thousands of examples attesting to the penetration of tokens in real life. Not only in financial or corporate terms, the use of NFT for Marketing in different world-renowned brands is one of the clearest examples; or the integration of artists and musicians, from NFT to the dissemination strategies of their releases.