Definition ∞ Community tokens are digital assets created by or for a specific group of users, often associated with a decentralized project or platform. Their primary purpose is to foster engagement, reward participation, and grant holders certain rights or privileges within that community. These tokens serve as a mechanism for governance, access, or exclusive benefits.
Context ∞ The current dialogue surrounding community tokens often centers on their utility and governance models, as well as their potential for speculative trading. News reports frequently highlight new token launches, the adoption of these tokens for decentralized autonomous organization (DAO) decision-making, and the regulatory implications of their issuance and distribution. The long-term sustainability and value accrual of these tokens are subjects of ongoing analysis.
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