A Comprehensive List of Crypto Tokens

While they share similarities with cryptocurrencies – primarily used as mediums of exchange, means of payment, and stores of value – crypto tokens serve different purposes. They can be used for investments, value storage, or making purchases. In this article, we take a closer look at the various Ccrypto tokens, their features, benefits and specifications.Crypto tokens are digital representations of assets or interests tokenized on an existing cryptocurrency’s blockchain. An essential aspect of crypto tokens is their creation and distribution through an initial coin offering (ICO) process, which involves crowdfunding rounds to raise funds for various projects and initiatives.

The Brief History of Crypto Tokens

Before the 2017 ICO boom, early cryptocurrencies forked from Bitcoin and Ethereum, however, the Mastercoin project became the first recognized ICO and token. J.R. Willet introduced Mastercoin in January 2012 via the Bitcoin Forum and even titled his whitepaper “The Second Bitcoin Whitepaper.” 

Mastercoin was innovative for its time, as it proposed using layers to enhance the functionality of a cryptocurrency. The project linked the value of Mastercoin to that of Bitcoin and outlined plans to use the funds raised to incentivize developers to create a way for users to create new coins from their Mastercoins.Below we take a closer outlook on the characteristics, benefits and operational structures of five different crypto tokens: Bitcoin, Ethereum, USD Coin and XRP.

Bitcoin (BTC)

Bitcoin, launched in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto, remains the first and most renowned cryptocurrency. It operates on a decentralized network of computers utilizing blockchain technology, enabling secure and transparent transactions without the need for intermediaries like banks.

Primarily, Bitcoin serves as a digital store of value and a peer-to-peer electronic payment system, allowing users to send and receive funds directly without relying on traditional banking institutions. Transactions are confirmed and added to the network through mining, where individuals compete to solve complex mathematical puzzles.

While transaction details are recorded on the public blockchain, users’ identities are not directly linked to their wallet addresses, providing a degree of privacy. The security of the Bitcoin network is maintained through the Proof-of-Work (PoW) consensus mechanism.

Ethereum (ETH)

Vitalik Buterin proposed Ethereum in late 2013, and the platform was officially launched in 2015. Ethereum was designed to expand the capabilities of blockchain beyond simple financial transactions. It allows developers to create and deploy smart contracts and decentralized applications (dApps) on its decentralized blockchain platform.

Ethereum’s native coin, Ether (ETH), plays a crucial role on the platform. It is used to pay transaction fees and incentivizes miners who confirm transactions and add new blocks to the network. 

Smart contracts, once deployed on the Ethereum blockchain, can execute actions automatically when specific conditions are met, removing the need for intermediaries and improving efficiency in various applications.


USD Coin (USDC) is a stablecoin, a type of cryptocurrency pegged to a fiat currency, in this case, the United States Dollar (USD). It was introduced in September 2018 through a collaboration between Circle and Coinbase, two well-known cryptocurrency startups.

As an ERC-20 token based on the Ethereum blockchain, USDC aims to digitally represent the US Dollar while maintaining a stable 1:1 value ratio with USD.

Regulatory concerns surrounding money laundering, financial stability, and consumer protection have brought stablecoins like USDC under increased scrutiny. Consequently, the regulatory landscape for stablecoins is continually evolving.


XRP is a cryptocurrency and digital asset native to the Ripple network, a technology platform and payment protocol designed for fast and low-cost cross-border transactions. Based in San Francisco, Ripple Labs developed XRP and the Ripple network.

Unlike many other cryptocurrencies that rely on blockchain mining for transaction validation, XRP utilizes the Ripple Protocol Consensus Algorithm (RPCA), also known as the XRP Ledger. This unique approach allows XRP to validate transactions and maintain the network without the need for resource-intensive mining.

One of the most notable use cases for XRP is its role as a bridge currency in cross-border transactions. Financial institutions can leverage XRP as an intermediary to facilitate transfers between two fiat currencies without a direct trading pair, streamlining the process and reducing the reliance on additional intermediaries and corresponding banking connections.


Crypto tokens represent a significant evolution in the world of cryptocurrencies. With their diverse applications, including fundraising, investments, and facilitating various operations on blockchain platforms, they continue to drive innovation in the digital asset space. 

As a blockchain engineering and strategic advisory agency, Blockchaineum helps organisations convert digital and traditional assets into digital tokens for increased liquidity and fractional ownership. 

Parallel to tokenization, Blockchaineum offers a range of services, including smart contract development and audit, blockchain consulting and strategy, supply chain management solutions and NFT solutions. As the crypto industry evolves, understanding the unique features and use cases of different tokens will become increasingly important for investors, developers, and users alike.