1 Answers
You are absolutely correct, there are several types of tokens. Here are short explanations for them all:
- Utility token: gives you a right to buy product/use service of token issuer
- Cryptocurrency: a coin that is meant to be used for payments/transactions in a specific network
- Stock tokens: tokens that are issued following all rights of securities, usually projects guarantee to pay out % of profit or revenue to tokenholders
- Bonds tokens: token that gives the owner a right for an announced plan of payments (really close to a normal bond)
More about it here: https://medium.com/digital-finance/types-of-tokens-affc38d254e5