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token

token

10 6.9
A digital item on a blockchain that shows value or gives rights
  • noun
  • /ˈtoʊkən/
  • Texting
translation icon : token (cadena de bloques)
  • The company issued a new digital token to represent ownership of their artwork on the blockchain.
  • token economy
  • implement a token
  • a token system

Then FTX and their FTX token plummeted in value.

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Examples

  • Investors are excited about the upcoming launch of a non-fungible token that will grant rights to exclusive content.

  • So we buy and sell tokens from institutions and high net worth families.

  • So is a token this, this token, is this equity or is this property?

  • We're actually going big in the non-fungible token space.

  • At this point, the user's token and the bank have authenticated to each other.

    Blog text (10)
  • Now the network is secured simply by the staking of a token with economic value.

  • Your NFT, that token lives on the blockchain.

  • A big point in this lawsuit is whether crypto tokens are securities or not.

  • Dropbox has already given a token to the 1Password app, which it can use for logging in.

    Blog text (22)
  • They are building a decentralized Internet using the Stacks token, which settles on Bitcoin.

Idioms

For the same reason as what was said before

in token of
  • Formal
6.8

As a sign of thanks or respect

Compounds

subway token
  • Archaic
2 4.0

A small metal piece like a coin used to pay to enter a subway station

A small gift or simple act to show thanks

1 8.0

A small object given to show love for someone

A very small amount of money given to show you will pay later or to keep an agreement

3.3

A paper or digital gift card you can exchange for books including e-books

token economy
  • Texting
6.5

A digital system that gives tokens for actions and lets users trade or spend them for services

token money
  • Specialized
6.3

Coins whose metal is worth less than the value shown on them

token economy
  • Specialized
6.5

A system that gives tokens for good behavior and lets people exchange them for rewards

How Secure

certificate
  • Texting
22 5.1
token
  • Texting
10 6.9
credential
  • Specialized
16 5.6
password
281 2.5
PIN
71 3.2

Surface Forms

token singular
tokens plural

Etymology

Token comes from an old English word tacn meaning 'sign' or 'mark'. On a blockchain, a token is a digital 'sign' that shows value, rights, or access for its owner.