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Migrate old callout syntax
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@@ -12,7 +12,7 @@ All assets other than XRP can be represented in the XRP Ledger as _tokens_.
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Standard tokens are fungible: meaning, all units of that token are interchangeable and indistinguishable. Tokens can be used for [cross-currency payments](../payment-types/cross-currency-payments.md) and can be traded in the [decentralized exchange](decentralized-exchange/index.md).
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**Note:** Tokens on the XRP Ledger have also been called "IOUs" (as in [I-owe-you](https://en.wikipedia.org/wiki/IOU)) and "issued currencies" in the past. However, these terms are not preferred because they do not cover the full range of digital assets that XRP Ledger tokens can represent. <!-- STYLE_OVERRIDE: ious -->
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{% admonition type="info" name="Note" %}Tokens on the XRP Ledger have also been called "IOUs" (as in [I-owe-you](https://en.wikipedia.org/wiki/IOU)) and "issued currencies" in the past. However, these terms are not preferred because they do not cover the full range of digital assets that XRP Ledger tokens can represent. <!-- STYLE_OVERRIDE: ious -->{% /admonition %}
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Tokens can also be non-fungible. Non-fungible tokens (NFTs) serve to encode ownership of unique physical, non-physical, or purely digital goods, such as works of art or in-game items.
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@@ -34,7 +34,7 @@ For more on this type of usage, see [paths](fungible-tokens/paths.md). <!--{# TO
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There are other use cases for tokens issued in the XRP Ledger. For example, you can create an "Initial Coin Offering" (ICO) by issuing a fixed amount of currency to a secondary address, then "throwing away the key" to the issuer.
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**Warning:** ICOs might be [regulated as securities](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings) in the USA. <!-- SPELLING_IGNORE: ico, icos -->
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{% admonition type="danger" name="Warning" %}ICOs might be [regulated as securities](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings) in the USA. <!-- SPELLING_IGNORE: ico, icos -->{% /admonition %}
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Be sure to research the relevant regulations before engaging in any financial service business.
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