A foundation tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... Read More is a type of cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More used to fund the development and operations of a blockchain projectA blockchain project is a digital ledger to record and track data. Although the software used to manage such a... Read More. Typically, projects issue foundation tokens during an initial coin offering (ICO)Initial coin offerings (ICO) are a cryptocurrency-based funding mechanism employed by teams or companies to finance new or existing projects... Read More. Typically, foundation tokens give the holder the right to purchase goods or services within the issuer’s ecosystem.
