What Are Crypto Tokens?
Crypto tokens, also known as altcoins, are essentially digital assets that exist on top of a blockchain and can be transacted much like any other cryptocurrency. Unlike crypto coins like Bitcoin, tokens cannot be mined since they don't have their own blockchain. They rely solely on smart contracts, so they have to operate on smart contract based blockchains like Ethereum or NEO. There are thousands of crypto tokens currently in existence, and new ones continue to emerge as developers come up with innovative ideas for different platforms and use cases.