What is a token amount?

It is a certain percentage of the deal amount that the buyer pays to the seller, in good faith. The payment and receipt of this token amount is a standard practice, irrespective of the type of property or deal value.

What is a 'token amount' in Indian real estate?

Once a home purchase deal is finalised between a buyer and a seller, a formal process is initiated to conclude it legally. This starts with the buyer paying the seller a small portion of the transaction value, to show his genuine intentions. This payment, in Indian real estate parlance, is commonly known as the ‘token amount’.

What are Defi tokens?

DeFi tokens A new world of cryptocurrency-based protocols that aim to reproduce traditional financial-system functions (lending and saving, insurance, trading) has emerged in recent years. These protocols issue tokens that perform a wide variety of functions but can also be traded or held like any other cryptocurrency.