# 🎟️ Tokens

When users deposit into a Prize Pool they receive an ERC20 compatible [ticket](https://v3.docs.pooltogether.com/v3.2.0/protocol/tokens/ticket).

External ERC721 and ERC20's can also be [added, controlled and removed](https://v3.docs.pooltogether.com/v3.2.0/prize-strategy/multiple-winners#external-erc20-and-erc721-awards) by Prize Pools.

[Sponsorship](https://v3.docs.pooltogether.com/v3.2.0/protocol/tokens/sponsorship) tokens are created when funds are added to the pool that are not eligible to win any prizes.