Definition ∞ A wallet token is a digital asset issued by a cryptocurrency wallet provider, often granting users specific benefits or utility within that wallet’s ecosystem. These benefits might include reduced transaction fees, governance rights, or access to exclusive features. It functions as an internal currency or loyalty reward system designed to incentivize platform usage. The token serves to enhance user experience and engagement.
Context ∞ Wallet tokens are a growing trend in the digital asset space, reflecting a strategy by wallet providers to build stronger communities and differentiate their services. News often covers new wallet token launches, their utility propositions, and their impact on user retention and platform growth. Discussions typically center on the tokenomics, regulatory classification, and the actual value proposition these tokens offer to users.
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