What is the meaning of on chain token?
I'm trying to understand the concept of an on-chain token. What does it represent and how does it function within the blockchain ecosystem? I'm looking for a clear explanation of its meaning.
What is on chain token?
Could you please elaborate on the concept of an "on-chain token"? I understand that it's related to blockchain technology, but I'm not entirely clear on its specific definition and purpose. Are on-chain tokens digital assets that are created and managed on a blockchain network? How do they differ from other types of tokens or cryptocurrencies? Additionally, what are some examples of popular on-chain tokens, and how are they used in the world of finance and cryptocurrency?