FAQ - What Is A Token?

A token is a type of digital asset that is issued on the Blockchain, and generally used as a unit-of-value.

In recent years most tokens are built on the Ethereum based ERC-20 Tokens.

These crypto Tokens are often used to raise funds by companies to launch services or as a means to deliver a service to customers.

The LocalCoinSwap (LCS) token is used as a means to distribute profits and airdrops from the platform to its user base.

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