What is a crypto token?

Any crypto token is essentially a smart contract living on a blockchain. So you need to implement a smart contract according to certain token standards, which depend on a blockchain if you want to make a token.

Are crypto tokens native to the blockchain?

On the other hand, tokens are not native to the blockchain they’re operating on. For example, many of today’s most widely used crypto tokens are run and exchanged on the Ethereum blockchain. Examples include Tether, which is intended to mirror the value of the US dollar, and Uniswap, a protocol used to trade different cryptocurrencies.

How to create a token?

Before starting to create a token, you need to sync your wallet with the site. It is assumed that you have already installed it in your browser. The wallet will be needed in order for the site to independently create a smart contract, through which it will issue tokens. This service is paid if you create a real token.

What happens when you stake a crypto token?

Some crypto tokens have peculiar logic when users stake them. For example, the contract can burn all staked tokens, effectively removing them from the existing liquidity pool, and mint new coins plus the interest after the stake has finished.