# 🎟️ Tokens

When users deposit into a Prize Pool they receive an ERC20 compatible [ticket](/protocol/tokens/ticket.md).

External ERC721 and ERC20's can also be [added, controlled and removed](/protocol/prize-strategy/multiple-winners.md#external-erc20-and-erc721-awards) by Prize Pools.

[Sponsorship](/protocol/tokens/sponsorship.md) tokens are created when funds are added to the pool that are not eligible to win any prizes.


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