Hey kids! Ever heard of cryptocurrencies? They're like digital money, but instead of banks, computers keep track of it. There are tons of different kinds, and it can be confusing! A smart group of people made a guide to help us understand.
- There are many types of crypto tokens, not just Bitcoin!
- Some tokens help run computer networks (like Bitcoin).
- Others are like digital versions of company shares.
- Some are for games or virtual worlds (arcade tokens).
- Memecoins are fun but risky; their prices change wildly.
| Type of Token | Example | Risky? |
|---|---|---|
| Network Token | Bitcoin, Ethereum | Less risky (generally) |
| Memecoin | Dogecoin, Shiba Inu | Very Risky |
| Collectible Token (NFT) | Bored Ape Yacht Club | Can be risky |
