What is a token purchase?

Tokens are created through an initial coin offering, which represents the cryptocurrency version of an initial public offering (IPO) . Tokens are created by cryptocurrency companies that want to raise money. Investors who are interested in the company can purchase these tokens.

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What is token generation event?

A Token Generation Event (TGE) is a business and technical act of limited duration that involves the technical generation of the token in a blockchain-based network, and its launch to the market, normally in the form of a public sale, private sale, or initial coin offering (ICO).

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Can ERC20 tokens be traded?

Storing and Trading ERC-20 Tokens Because ERC-20 tokens are built on the Ethereum blockchain, they can be exchanged on it as well . You can use your Ethereum wallet to store them, and you can send to other Ethereum wallets. One thing you should be cautious of, though, is to never use exchange addresses.

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What is a token launch?

A “Token Launch” is an Ethereum thing . An “ICO” is a bitcoin/altcoin thing. Coins really only have one utility — to act as simple stores of value with limited-to-no other functionality. By “simple” value, I mean value not represented or manifested through a variety of dynamic functions.

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