What is the use of ICO tokens (what does API tokens mean)
What is the use of an ICO token Currently, most projects are based on blockchain technology to issue tokens. However, based on the concept and process of ICO, this form is not suitable for trading and circulation in traditional securities markets, so ICO tokens also have great application space (such as exchanges). Because ICO is not a simple and legally effective investment tool like traditional stocks or bonds, and the immutability of blockchain technology ensures its security and transparency, it is easily attacked by hackers, and once hackers steal funds, they will return the money to investors But in reality, without ICO tokens, ICO is a digital currency similar to equity or debt, which can be used to pay financing costs, hedge risks, and price fluctuations of other goods and services in other financial markets In addition, according to the introduction of ICO, ICO allows startups to raise a certain amount of tokens for sale through ICO. For first-time participants, they can also choose to sell their ICO tokens to receive compensation and provide liquidity benefits. Of course, these methods may also involve regulatory issues, such as whether strict requirements need to be established for ICO and how to comply with relevant regulations
What does an API token mean
According to Bitcoin, the “What is an API token” (APi token) published on September 1, 2018 refers to the application program interface (API) being given to users through a smart contract. Typically, this term is used to describe a type of blockchain protocol that enables developers to use it to build decentralized applications. These Cryptocurrency and smart contracts are built on its Ethereum network, which means that anyone can create an application or wallet based on Ethereum.
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