What is the meaning of lp token?
What is the meaning of lp token? According to official sources, lptoken (points
What is the meaning of lp token? According to official sources, lptoken (points) is a virtual currency based on blockchain, which can be used to purchase, sell or rent some idle items. Lp tokens are practical tokens that represent an incentive mechanism and participation reward system. In this way, people are encouraged to provide services such as game props and digital assets to others.
To some extent, lp tokens also explain that they are a kind of token controlled by an entity, but their essence is not a token. If this entity has some form of sovereign rights and interests, then it is equivalent to issuing a token to pay to another entity.
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