token

Vocabulary Word

Definition

'Token' often refers to something that stands in for another thing. Like in a board game, you might use a token to represent your player on the board.

Examples in Different Contexts

In digital security, a user might receive a security token that generates a one-time password for login verification.

Practice Scenarios

Marketing

Scenario:

Evaluating the performance of our loyalty program, we should consider enhancing our rewards system.

Response:

We can offer a token gift to our customers who refer friends to our business.

Business

Scenario:

Looks like the new cryptocurrency we invested in is appreciating fast. Let's discuss how we deploy further funds.

Response:

Absolutely, let's buy more of this token considering its promising future.