A token contract is a smart contract that creates and manages digital value units. It is a programmable computer program deployed on a smart contract platform, such as Ethereum or Solana.
Key Features:
Customizable – Can be designed for various use cases, including digital currencies, collectibles, or governance tokens.
Balance Management – Maintains a mapping of addresses to balances, enabling secure tracking of token ownership.
Transaction Functions – Provides methods to add, subtract, and transfer balances.
Versatile Representation – Token balances can represent currency, assets, access rights, or even reputation.