What are the common types of tokens?

Common types of tokens which is developed by crypto token development company include utility tokens, which provide access to a platform's products or services; security tokens, which represent ownership of an asset and may offer dividends or profit-sharing; and governance tokens, which enable holders to participate in decision-making processes within a decentralized organization. Additionally, there are stablecoins, which are pegged to stable assets like fiat currencies to minimize volatility, and non-fungible tokens (NFTs), which represent unique digital assets like art or collectibles.

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