token Sentence Examples
- The token is a unique identifier assigned to each transaction in a blockchain system.
- Each token represents a specific value or utility within a particular blockchain ecosystem.
- Users must possess tokens to interact with certain decentralized applications or services.
- Tokens can be used for a variety of purposes, such as paying for goods and services, accessing exclusive content, or participating in governance processes.
- The value of a token is determined by market demand and supply, just like traditional currencies.
- Tokenized assets, such as digital artwork or real estate, allow for fractional ownership and increased liquidity.
- Non-fungible tokens (NFTs) are unique and cannot be directly exchanged for other tokens of the same type, making them ideal for representing unique digital items.
- Utility tokens grant holders specific rights or benefits within a decentralized network or platform.
- Tokenomics refers to the economic models and structures that govern the issuance, distribution, and use of tokens within a blockchain system.
- Token standards, such as ERC-20 and BEP-20, ensure interoperability and compatibility between different blockchain networks and tokens.
token Meaning
token (n)
an individual instance of a type of symbol
something serving as a sign of something else
a metal or plastic disk that can be redeemed or used in designated slot machines
something of sentimental value
token (s)
insignificantly small; a matter of form only (`tokenish' is informal)
token (n.)
Something intended or supposed to represent or indicate another thing or an event; a sign; a symbol; as, the rainbow is a token of God's covenant established with Noah.
A memorial of friendship; something by which the friendship of another person is to be kept in mind; a memento; a souvenir.
Something given or shown as a symbol or guarantee of authority or right; a sign of authenticity, of power, good faith, etc.
A piece of metal intended for currency, and issued by a private party, usually bearing the name of the issuer, and redeemable in lawful money. Also, a coin issued by government, esp. when its use as lawful money is limited and its intrinsic value is much below its nominal value.
A livid spot upon the body, indicating, or supposed to indicate, the approach of death.
Ten and a half quires, or, commonly, 250 sheets, of paper printed on both sides; also, in some cases, the same number of sheets printed on one side, or half the number printed on both sides.
A piece of metal given beforehand to each person in the congregation who is permitted to partake of the Lord's Supper.
A bit of leather having a peculiar mark designating a particular miner. Each hewer sends one of these with each corf or tub he has hewn.
To betoken.
In a Jacquard loom, a colored signal to show the weaver which shuttle to use.
Synonyms & Antonyms of token
Synonyms:
Synonyms:
FAQs About the word token
an individual instance of a type of symbol, something serving as a sign of something else, a metal or plastic disk that can be redeemed or used in designated sl
memorial,reminder, commemorative, keepsake, remembrance, memento, relic,souvenir, tribute, monument
No antonyms found.
The token is a unique identifier assigned to each transaction in a blockchain system.
Each token represents a specific value or utility within a particular blockchain ecosystem.
Users must possess tokens to interact with certain decentralized applications or services.
Tokens can be used for a variety of purposes, such as paying for goods and services, accessing exclusive content, or participating in governance processes.
