Definition ∞ A programmatic token is a digital asset whose behavior, utility, or distribution is governed by predefined rules coded into its smart contract. These rules automatically execute based on specific conditions, without requiring manual intervention. Such tokens can automate various functions, including vesting schedules, dynamic fee structures, or governance voting rights. This design offers enhanced automation and predictability.
Context ∞ News frequently discusses programmatic tokens in relation to new decentralized applications, token launches, or innovations in digital asset utility. The design of these tokens is critical for a project’s economic model and community participation. Debates often focus on the complexity of their smart contracts and the potential for unforeseen consequences from automated rules.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
