Token money - Wikipedia
Token money, or token, is a form of money that has a lesser intrinsic value compared to its face value. [1] [2] Token money is anything that is accepted as money, not due to its intrinsic value but instead because of custom or legal enactment. [3] Token money costs less to produce than its face value. [3]
Top 50 Cryptocurrency Prices, Coin Market Cap, Price Charts And ...
Today's Cryptocurrency Prices. Explore top cryptocurrencies with Crypto.com, where you can find real-time price, coins market cap, price charts, historical data and currency converter. Bookmark the Price page to get snapshots of the market and track nearly 3,000 coins.
Token Money Definition & Examples - Quickonomics
Sep 8, 2024 · Token money generally refers to physical forms of currency like coins and paper bills, which represent a value higher than their material worth. Fiat money, on the other hand, includes both physical token money and digital forms of money that are not backed by a physical commodity.
Token Money - Economics Help
Token money is a form of money which represents a greater value than its intrinsic value. Originally medium of exchange involved metals with intrinsic value – such as gold coins.
What Are Crypto Tokens, and How Do They Work? - Investopedia
Apr 22, 2024 · Crypto tokens are a digital representation of an asset or interest in something and are built on a blockchain. Crypto tokens can also be used as investments, to store value, or to make...
Token money Definition & Meaning - Merriam-Webster
The meaning of TOKEN MONEY is money of regular government issue (such as paper currency or coins) having a greater face value than intrinsic value.
Token coin - Wikipedia
In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Their denomination is shown or implied by size, color or shape.
Tokenization: A digital-asset déjà vu | McKinsey
Aug 15, 2023 · Banks, asset managers, and other institutions are intrigued by the technological potential of “ tokenization ”—the process of issuing a digital representation of a traditional asset on a (typically private) blockchain, sometimes referred to as a distributed ledger.
Token money - Oxford Reference
Money for which the face value of notes or coin is unrelated to the value of the material they are produced from. Money is now mostly token money if it has any physical existence at all, and consists mainly of book or computer entries.
TOKEN MONEY | definition in the Cambridge English Dictionary
TOKEN MONEY meaning: notes or coins for which the value written on them is greater than the value of the materials they…. Learn more.