What are cryptocurrencies and digital tokens?

Cryptocurrencies

were cryptocurrencyBuilt on BlockchainUsed as Medium of ExchangeSimilar to the Baht or Dollar, but it works like Intermediate-free(Decentralized) has a limited amount according to a given program, such as Bitcoin, with a maximum of $21 million.

Example:

• Bitcoin (BTC)→ Used as a “digital gold” store value
• Ethereum (ETH)→ Used both as currency and as fuel (Gas fee) for the operation of Smart Contract.

‍

Digital Tokens

were Digital value units built on the blockchainFor example, on Ethereum or BNB Chain, it is not directly “money”, but rather analogous to “tickets” or “rights” that the owner receives can be divided into several categories, such as

Example:

• Utility TokenTokens used to access products, services, or features within the platform
  For example, use it as a fee, use it to unlock functions, or redeem privileges.‍
• Security TokenTokens that are similar in appearance to securities may represent rights to returns, profit shares, or partial ownership.
  which is often regulated by law.
• Governance TokenA token that gives the holder the right to participate in the decisions of the project.
  For example, voting on development directions, adjusting rules, or changing the system.
• NFT (Non-Fungible Token)Non-fungible tokens are used to represent ownership of a unique digital asset.
  Such as digital art, in-game items, or collectibles