TOKENS are digital assets defined by a project or smart contract and built on a specific blockchain . Token can be UTILITY TOKENS or SECURITY TOKENS. UTILITY TOKENS are also called consumer or incentive tokens.
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How many cryptocurrencies are there? In short, there are nearly over 10,000 as of 2022 – a severe increase from just a handful of digital coins in 2013. Note, however, that a large portion of these cryptocurrencies might not be that significant.
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