what is asset and token?

asset

A set of resources, objects, and things of a person that have economic, financial, or spiritual value is called property, which can include money, property, stocks, equipment, machinery, etc. In the previous example, bicycles were considered as people’s property.

Tokens

In contemporary society, both digital and non-digital tokens serve as representations of asset ownership, simplifying various aspects of human life.Tokens are represented in various forms and methods, and we will introduce some of them below.

• In urban transportation systems such as subways, passengers buy a token or ticket for access to the metro. Upon boarding, individuals must insert the token into the machine to gain access to the train. Essentially, the token functions as an asset that grants the rider access to metro services.

• In the cinema, you pay a fee for which you are given a token (ticket). This token means that you can watch your favorite movie at a certain time in a certain seat. Therefore, anyone who has that token can use that service. This token is considered an asset, although this asset may have an expiration date.

• At the time of buying a house, you will be given a token (house ownership document), which contains information such as size, location, street, etc., with this document, you can live, repair, or sell it. Have that house.