Token

A token is a unit of value recorded on a blockchain. Whether a particular token is a security is a legal question decided on its economics and marketing, not on the technology used to record it.

manipulation techniques · updated 2026-09-08

See also

• Howey test — The Howey test asks whether an arrangement is an investment of money in a common enterprise with an expectation of profits derived…
• Digital asset — Digital asset is the neutral regulatory term for cryptocurrencies and tokens. Its neutrality is deliberate: it avoids prejudging w…

Terms that refer here

Digital asset · Howey test · Rug pull

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