Hybrid tokens — the future of trading
Hybrid tokens — it sounds like a simple concept, and it truly is! Hybrid tokens are simply tokens that contain two or more types of tokens. To be more specific and technical — a hybrid token is a token that contains two or more crypto derivatives.
Crypto derivatives are essentially tokens that mimic a specific crypto or traditional asset. For example, a user-created hybrid token could contain derivatives of BTC, gold, Tesla stock, and any other derivative. The widely used term for assets that mimic the price of another asset is — synthetic assets.