tokenized digital securities</strong>, also referred to as security tokens.&nbsp;</p>\n<p>In general, tokens store and validate transactions within the blockchain ledger systems. Someone who holds tokens can use them to obtain real financial assets.&nbsp;</p>\n<p>Now, <strong>a security token is a type of token that allows users to verify their identities </strong>when trying to access something in a digital environment and can be used alongside other authentication elements like passwords. Just like passwords, security tokens can be lost or hacked. Additionally, they can be stolen since a security token is a physical device.&nbsp;</p>\n<p>STOs are sold in <strong>security token marketplaces</strong> and other cryptocurrency <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">exchanges.

/n

Security tokens are provided by a specific security token service. They can be issued on a blockchain that&rsquo;s either for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-blockchain/">public or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-blockchain/">private use, also known as permissionless and permissioned blockchains.</p>\n<p>It's important to note that <strong>STOs and <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">ICOs should never be mixed up</strong>. That is because ICOs, unlike STOs, are genuine coins of a cryptocurrency that is completely digital.</p>","level":"easy","meta_title":"What is Security Token Offering? 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It <strong>describes the practice when new Axie Infinity players, also referred to as scholars, seek out old players, sometimes referred to as managers, in order to borrow their free digital pets</strong>. The need for scholarships stems from the fact that in order to be able to play the game, the player needs to have three <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">non-fungible token (NFT)</strong></a> based digital pets.&nbsp;</p>\n<p>Axie Infinity (AXS) has similarities to the game that has taken the world by storm - Pok&eacute;mon Go. However, instead of collecting Pok&eacute;mons and entering duels, AXS players collect NFT digital pets. The players can receive rewards by participating in battle matches with their AXS pets.</p>\n<p>Currently, the game has over 2 million active users. It&rsquo;s extremely popular in the Philippines.</p>\n<p><strong>How does a scholarship work?</strong></p>\n<p>Managers lend their Axies to the new players so they can play the game and earn the in-game currency Smooth Love Potions (SLP) which can be traded directly for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat money. Additionally, SLP allows players to breed their Axies which results in an increased number of them. These digital pets can also be sold to other players for profit.</p>\n<p>In order to receive a scholarship, new players have to find a guild that is participating in this program. Generally, every guild has its own criteria for choosing scholars. The next step is getting in touch with the guild&rsquo;s managers to show interest and motivation.&nbsp;</p>\n<p><strong>Whatever scholars earn while in possession of the manager&rsquo;s Axies is shared between both parties</strong>. 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Crypto Terms: Letter S

What is Security Token Offering?

Security Token Offering MEANING:
Security Token Offering - a type of public offering sold in security token exchanges or other cryptocurrency exchanges.
Easy
1 minute

Let's find out Security Token Offering meaning, definition in crypto, what is Security Token Offering, and all other detailed facts.

Security Token Offering (STO) is a public offering term that describes the exchange of tokenized digital securities, also referred to as security tokens. 

In general, tokens store and validate transactions within the blockchain ledger systems. Someone who holds tokens can use them to obtain real financial assets. 

Now, a security token is a type of token that allows users to verify their identities when trying to access something in a digital environment and can be used alongside other authentication elements like passwords. Just like passwords, security tokens can be lost or hacked. Additionally, they can be stolen since a security token is a physical device. 

STOs are sold in security token marketplaces and other cryptocurrency exchanges.

Security tokens are provided by a specific security token service. They can be issued on a blockchain that’s either for public or private use, also known as permissionless and permissioned blockchains.

It's important to note that STOs and ICOs should never be mixed up. That is because ICOs, unlike STOs, are genuine coins of a cryptocurrency that is completely digital.