---
updatedAt: 2025-02-20T01:45:09.000Z
agentTools:
  projectIndex: https://docs.noves.fi/llms.txt
---

# Token types

Transaction types related to sending/receiving or performing administrative functions on fungible token contracts.

### **Approve Token**

This transaction type occurs when the user approves an address to spend some amount of a particular token.

### **Burn Token**

This transaction type occurs when the user burns a fungible token, either by sending the tokens to a Null address, or by calling a burn function in a smart contract.

### **Migrate Token**

This type occurs when the user migrates from different versions of the same asset. This is typically associated with protocols launching a v2 of a token.

### **Send Token**

This is a token (or native coin) transfer, classified from the perspective of the sender of the assets.

### **Send Token Airdrop**

This type is reported when the user sends an airdrop of tokens.

### **Receive Spam Token**

This type is reported when the user is airdropped tokens originating from a spam/scam contract.

### **Receive Token**

This is a token (or native coin) transfer, classified from the perspective of the receiver of the assets.

### **Receive Token Airdrop**

This type is reported when the user is airdropped fungible tokens.

### **Refund**

In this type, the user claims a refund payment from a contract.

### **Revoke Token Approval**

This type is reported when the user revokes an approval for a particular address to spend any amount of a particular fungible token.

### **Unwrap**

This type is reported when the user unwraps a previously-wrapped asset, typically the native coin of the chain.

### **Wrap**

This type is reported when the user wraps an asset (typically the native coin of the chain) and receives a wrapped version of it.