Similar to Coin, Token is also a currency issued on the blockchain, but it does not have its own blockchain, but must "live" on another blockchain.
Eg:
KONO (Konomi's token) is a token because it is stored and traded on the Ethereum blockchain;
MER (Mercurial token) is a token because it is stored and transacted on the Solana blockchain.
There is no Konomi or Mercurial blockchain.
Some tokens, when the project grows strong enough, will aim to develop a separate Blockchain platform for that token, and then this Token will be considered a Coin.
Q: What are tokens?
A: Token is also a currency issued on the blockchain, but it does not have its own blockchain, but must "live" on another blockchain.
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