"Cryptocurrency token" and "coin" are frequently used interchangeably, but they refer to very different things.

A cryptocurrency coin is a representation of value that can be exchanged between users. A cryptocurrency token, on the other hand, is a representation of an asset or utility. It doesn't mean that it can be exchanged for any cryptocurrency currency.

Cryptocurrency coins such as Bitcoin (BTC) and Ethereum (ETH) are independent blockchain networks that use cryptocurrency tokens for tracking transactions within the network and maintaining security.

A crypto token is like a stock or bond in that it represents ownership in a company or institution with access to its products and services. For example, Kik's Kin tokens are used by Kik's software to incentivize interactions between users, like paying to promote your post more prominently in someone else's feed