What Is a Token?
A token is a crypto asset built on top of an existing blockchain, rather than running its own.
1
Built on top
Most tokens live on chains like Ethereum or Solana, using their security.
2
Many purposes
Governance, utility, rewards, or simply trading and speculation.
3
Coin vs token
A coin has its own chain (Bitcoin); a token borrows one.
Source: CFGI
Crypto