Question: What Is Meant By Token Money?

What are tokens?

In general, a token is an object that represents something else, such as another object (either physical or virtual), or an abstract concept as, for example, a gift is sometimes referred to as a token of the giver’s esteem for the recipient.

In computers, there are a number of types of tokens..

What is the difference between standard money and token money?

Standard coins are those whose face value is equal to the intrinsic value. Token coins are those whose face value is more than its intrinsic value.

What is the meaning of peppercorn?

noun. the berry of the pepper plant, Piper nigrum, dried and used as a condiment, in pickling, etc. anything very small or insignificant.

What does token amount mean?

: money of regular government issue (such as paper currency or coins) having a greater face value than intrinsic value.

What is a financial token?

A token, represent an asset or utility that a company has and they usually give it away to their investors during a public sale called ICO (Initial Coin Offering). ‘

What is another word for token?

Some common synonyms of token are mark, note, sign, and symptom.

What is the synonym of gift?

SYNONYMS FOR gift 1 donation, contribution, offering, benefaction, endowment, bounty, boon, largess, alms, gratuity, tip, premium, allowance, subsidy, bequest, legacy, inheritance, dowry.

What is a manifestation?

A manifestation is the public display of emotion or feeling, or something theoretical made real. Manifestation’s origins are in religion and spirituality because if something spiritual becomes real, it is said to be a manifestation. The word’s usage has spread to include all aspects of life.

How much money is a token?

Tokens are worth $0.05 to models. So you earn $0.05 on every token that you are tipped.