Ethereum Token Development Services.
                     What are the Ethereum Token and the types of the token? 
 
In recent times virtual currency is emerging trends and businesses are 
utilizing crowdfunding for their business developments. Ethreum token 
development is one of the Crowdfunding ways where the tokens are 
developed on the ethereum network. 
 
What is Token? 
 
A token is a code that has a specified value on it, it is token on stake, 
service, redeem that it meet its value. Tokens are entities that carry 
value defined on it by the parties involved in the transaction. 
 
Tokens are not currency instead it is created and issued on the 
Blockchain platform for crowdfunding and it is issued by the company 
owners to their investors or shareholders. 
Examples of cryptocurrencies are Bitcoin, Bitcoin Cash, and Ethereum.  
 
Ethereum has various token with different smart contract standards 
like ERC20, ERC721, ERC777, ERC827, ERC223, and much more.  
The ERC tokens are usually used for crowdfunding (ICO) to make funds 
for a business. 
 
Types of Ethereum Token 
 
ERC 20 Token 
 
ERC 20 is the official token created on the ethereum blockchain which 
can be exchanged with another ERC 20 token. ERC 20 tokens are 
designed in a way that it can be combined into blockchain wallets and 
exchange platform. The aim of it is to link the gap between crypto and 
fiat currency. 
 
ERC 721 Token 
 
ERC 721 is a non-interchangeable token built on the ethereum platform 
and every token will be unique. It defines the few interfaces a smart 
contract must implement to manage, trade, and own unique token. 
 
ERC827 Token 
 
ERC 827 is one of the latest standards of the ethereum network and an 
extension of the standard interface ERC20. This tokens has 
approveAndCall(), transfer and call(), and transferFromAndCall() 
function. 
 
ERC 777 Token 
 
ERC 777 token is one of the standards of ERC 820. It describes in a 
unique way to "send" function to transmit the ETH itself.  
It allows us to approve smart contracts and transfer of tokens. 
People able to create an additional function on the top of the tokens 
 
Types of tokens  
 
Security Tokens 
 
Security tokens are tokens that pass the Howey Test. For a token to pass 
this test, it has to be an investment of money, an investment in a 
common enterprise, and has to include the expectation of third parties 
and promoters to make a profit from it. Securities tokens are regulated 
by federal financial authorities since their value is derived from tradable, 
external assets. 
 
Utility Tokens 
 
Contrary to securities tokens, utility tokens do not need to pass the 
Howey Test and therefore do not meet the necessary criteria. Simply 
providing the users with specific products and services, these tokens are 
often thought of as gateway tokens. Utility tokens provide the holders 
with the right to use a certain network and take advantage of it by 
voting. 
If you have an idea of creating your own Tokens, Go for Best Ethereum 
Token Development Company.