Apart from its native coin Signa, users can create their own coin (token) inside the chain also known as colored coins or assets. These tokens have the same level of security and features as Signa.
They can be used to invest, store value, make purchases, represent affiliate program points or company shares, and can implement governance mechanisms. When created through an initial coin offering, tokens are often used to raise funds through crowd sales.
With a few clicks, anyone can create a token by defining its ticker symbol, the total supply, and the maximum number of digits. Signum tokens are immediately ready for use after they are created. Besides sending and receiving tokens (via Signum’s decentralized token exchange), tokens can also be exchanged for Signa.
Signum also provides an on-chain token market where every created token can be traded for Signa. The market can be accessed via Signumswap the first Defi-Portal for Signum.