Based on the search results, there are different meanings of the word "token" in relation to paint. Here are the different meanings:
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Token as a cash prize: In a Reddit post, a user mentioned "token wala paint" which is like a cash prize. The painter can redeem the token by going to the appropriate dealership. This is done to incentivize the painters.
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Token as a tag or sticker: According to Master Paints, a tag or sticker came to be known as the token, and could be redeemed at any paint retailer or wholesaler for cash. In order to ensure that it is the painter who is redeeming the token, the painters name and contact details are written on the token.
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Token as a cryptocurrency: In the context of MurAll, a digital art platform, PAINT is an ERC-20 token and is required to draw on MurAll. When you use it to draw, the tokens are burned, meaning it is a deflationary token. PAINT is equivalent to real-life paint - you can only use as much as you have to draw on the canvas, and just like real-life paint, it cannot be used again once it is put on the canvas. In each transaction made on the canvas, tokens are burned, meaning all tokens that are spent drawing to the canvas are taken out of circulation. This reduces the total supply, which increases the rarity (and in turn, the value) of the remaining tokens.
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Token as a color customization tool: According to Gaming-Evolved, a Paint Token is a Token that allows you to fully customize the colors of your tames. Also, as you breed the colors will pass onto the offspring.
Therefore, the meaning of "token" in relation to paint depends on the context in which it is used.
