The Digital Asset Classification Standard: Know Your Different Crypto Projects

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Knowing the various classes of crypto assets can help you avoid holding several assets that behave similarly under specific circumstances and have similar attributes.

Highlighted below are some of the common cryptocurrency groups you should know about, according to the Digital Asset Classification Standard put together by CoinDesk.

Crypto Categories


These are digital money systems based on private blockchains. The most well-known cryptocurrency is Bitcoin (BTC), which is a class unto itself. Litecoin (LTC), Monero (XMR), and Bitcoin clones like Bitcoin Cash (BCH) and Dogecoin (DOGE) are some examples of altcoins (or alternatives to Bitcoin).

Smart Contract Platforms

These are the “Layer 1” or foundational blockchain operating systems, which serve as a host for other cryptocurrency applications to be built on. With its ERC-20 standard, Ethereum is the market leader in this niche, but there are several others, including Cardano (ADA), BNB Chain (BNB), and Solana (SOL).


One of the most effective applications of blockchain technology is decentralized finance (DeFi). The majority of DeFi initiatives, such as Uniswap (UNI), Aave (AAVE), Compound (COMP), Yearn Finance (YFI), and Balancer (BAL), produce their own tokens.


These are digital tokens whose value is fixed to a fiat currency, typically the US dollar, commodities, such as gold, or other tangible assets. Stablecoins serve as bridges between the crypto and traditional economies and provide secure storage for cryptocurrency investors’ funds.

Non-fungible Tokens (NFTs)

These investments typically reflect something irreplaceable and have a unique worth. The replacement of your Bitcoin with another would not bother you, but each NFT has a unique identity and selling price. NFTs can represent actual or digital products like luxury items, works of art, or intellectual property.


You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *