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What is a token?

by admin

Minor currency is also called “auxiliary”, the symmetry of “main currency”.

A small amount of money below the main currency unit used for sporadic daily transactions and change.

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It is characterized by small denominations, frequent circulation and rapid wear, so it is often cast in base metals such as copper and nickel or their alloys, and some coins are made of paper.

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A token is generally a currency of limited legal compensation.

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There are also some countries that stipulate an unlimited currency as a compensation currency, and there is no clear regulation in our country.

Coins can not be freely minted, only allowed to be minted by the state;

Coinage income is owned by the state and is an important source of fiscal revenue.

In order to prevent the flood of coins in the market, the state also stipulates that the amount of coins used to pay taxes to the state is not limited, and the amount of coins used to exchange main coins to the government is not limited.

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