Crypto Token Development A crypto token is a type of Cryptocurrency featuring different characteristics to that of Altcoins. While altcoins refer to as currencies other than Bitcoin, Crypto Token is a representation of an asset or utility. Crypto tokens or cryptos are not digital money. Rather, they are digital assets, transferable, and exchangeable with other cryptocurrency or tokens. A token is a cryptographically secure string of data or information. Tokens are created on an existing blockchain. Tokens operate on a blockchain to facilitate transactions for developing decentralize apps and execute smart contracts. Crypto tokens are distributed in standard ICO/IEO processes.