Frequently Asked Questions
Crypto token development refers to the process of creating digital tokens on a blockchain platform like Ethereum, Binance Smart Chain, or Solana. These tokens can represent assets, utility, governance rights, or access to services within a decentralized ecosystem.
Cryptocurrencies like Bitcoin or Ethereum are native to their own blockchains, while crypto tokens are built on existing blockchains and rely on their infrastructure. Tokens serve specific functions such as utility, governance, or asset representation.
The main types of tokens include:
- Utility tokens – Access to a product or service.
- Security tokens – Represent ownership of assets or shares.
- Governance tokens – Enable voting rights in DAOs or dApps.
- Stablecoins – Pegged to stable assets like USD.
If you're technically inclined, you can write smart contracts in Solidity (for Ethereum-based tokens). However, many businesses use token development services or no-code platforms to create tokens quickly and securely.
A smart contract is a self-executing code that governs token behavior on the blockchain. It ensures trustless transactions, defines rules (like supply, transfer, burn), and eliminates the need for intermediaries.
