What Is A Token?

A token is a type of digital asset issued on the Blockchain and generally used as a unit-of-value. In recent years most tokens have been built on the Ethereum standard ERC-20

Crypto Tokens are commonly used to raise funds by venture project teams to launch services or as a means to deliver a service to customers. The Local Token Exchange (LTE) token will, among other things, be used as a means to distribute profits and airdrops from the platform to its user base.