There are generally three types of tokens that are offered in an ICO: utility tokens, security tokens, and equity tokens. Utility tokens are designed to provide access to a particular service or application, and are often used to incentivize user engagement. Security tokens, on the other hand, are designed to represent ownership in a particular asset, and may be subject to regulatory oversight in some jurisdictions. Equity tokens, which are less common, represent an ownership stake in a particular company, and can be used to raise capital or provide liquidity to early investors. The type of token offered in an ICO will depend on the goals of the issuer and the regulatory environment in which the ICO is conducted.

In an Initial Coin Offering (ICO), tokens typically come in two main types: utility tokens and security tokens.

1. Utility tokens: These grant holders access to a platform, product, or service that the issuing company is developing. They do not represent ownership or investment rights but are used within the ecosystem (e.g., Ethereum's ETH).

2. Security tokens: These are considered investments and are subject to securities laws. They represent ownership stakes or claims on profits, similar to shares of stock (e.g., STOs or tokenized equity).

Some ICOs also offer governance tokens, allowing holders to participate in platform decision-making. Hybrid tokens may combine features of both utility and security tokens..