A token contract is a smart contract that defines token balances, transfers, approvals, supply, and other token rules.
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Short definition
Token Contract is a token contract is a smart contract that defines token balances, transfers, approvals, supply, and other token rules.
Simple explanation
On many chains, tokens are not separate blockchains. They are contracts deployed on top of a blockchain network.
Why it matters
Token contracts determine how tokens can move, be approved, minted, burned, taxed, or restricted.
Example context
An ERC-20 token contract on Ethereum manages balances and transfers for that token.