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Ethereum Token Meaning (Ethereum Token ICO)

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What does Ethereum Token mean? According to Ethereumworldnews, Ethereum Token, a

Ethereum Token Meaning (Ethereum Token ICO)

What does Ethereum Token mean? According to Ethereumworldnews, Ethereum Token, also known as “Ether” is a type of ERC-20 standard digital currency. According to their website, this token can be used as a payment method, exchange medium, or value storage. However, if an entity holds a certain amount of ETH and transfers it to another user, corresponding assets will be generated. Unlike the Bitcoin cryptocurrency, the Ethereum blockchain does not have other types of virtual currencies available.

Ethereum Token ICO

According to Coindesk, Ethereum ICO is part of an ICO project. This project will issue ERC20 tokens called ICO. One of the goals of ICO is for the Ethereum development team, ConsenSys, to create a public test network for their token and provide the public with ICO whitepapers, ICO documents, and other information. Additionally, the company plans to launch ICO products and services in the coming months. The main objective of the ICO project, as stated, is to raise funds, allowing investors to participate in the development and adoption of the Ethereum blockchain network, utilizing the unique features of ICO, and existing and future venture capital opportunities.

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