What is a platform token?

Tokens that reside on blockchains include reward tokens, currency tokens, utility tokens, security tokens, and asset tokens .

Platform tokens support dapps built on the blockchain . Security tokens represent legal ownership of a physical or digital asset. Transactional tokens serve as units of account and are exchanged for goods and services.

Right now there are three main token types: utility, commodity and security . Each of them have their own regulation, levels of scrutiny, complexities to them and a lot of cool examples coming out.

In Bitcoin ecosystem, miners who earn the coins are at top of the chain. … Traders, the second link in the chain, strive to profit from the Bitcoin-to-fiat cycle by controlling it. The final link in the ecosystem is consumers who spend the coins to buy goods or services.