<p><strong>Crypto Token</strong> is a digital asset built on top of an existing blockchain, typically using smart contracts. It represents a unit of value or a specific use case, such as voting rights, access to services, or a share in an asset.</p>

<h2>How It Works</h2>
<p>Crypto tokens are created using token standards, such as ERC-20 for Ethereum, BEP-20 for Binance Smart Chain, or TRC-20 for Tron. These standards define rules for how the tokens behave and interact with each other and the blockchain. Tokens can be created, traded, and managed using cryptocurrency wallets and decentralized exchanges (DEXs).</p>
<h3>Types of Tokens</h3>
<ul>
  <li><strong>Utility Tokens</strong>: Used to access services or products within a specific ecosystem.</li>
  <li><strong>Security Tokens</strong>: Represent ownership in a real-world asset, such as stocks, bonds, or real estate.</li>
  <li><strong>Governance Tokens</strong>: Grant voting rights and influence over the project's development.</li>
</ul>

<h2>Why It Matters</h2>
<p>Crypto tokens enable a wide range of use cases, from decentralized finance (DeFi) to non-fungible tokens (NFTs). They allow projects to raise funds through initial coin offerings (ICOs) or initial exchange offerings (IEOs), and they facilitate the creation of decentralized applications (dApps).</p>
<p>For example, the <strong>Uniswap</strong> DEX uses ERC-20 tokens to facilitate automated market making and liquidity provision. Users can swap tokens, provide liquidity, and earn fees, all while maintaining custody of their assets in their own wallets.</p>