Crypto tokens are a type of cryptocurrency that represents an asset or specific use and resides on their blockchain. Tokens can be used for investment purposes, to store value, or to make purchases.It represents a tradable asset or utility that resides on its own blockchain.
For example, Ether (ETH) is a cryptocurrency, Pi Futures token is virtual tokens that can be used to trade for Ether (ETH)
Frankenfield, J. (2020, June 30). What Is a Crypto Token? Investopedia.