see also: Coin, Altcoin, Cryptocurrency. In coherence with the blockchain, token describes a digital identity for an owning asset. The most common form of a token is a cryptocurrency. Each asset can be tokenised and traded in token form.
At ICOs Tokens also sold in order to finance a company or project, pay out profits or send invest money.
Token are distributed within an ICO against a certain value of a cryptocurrency. Each Token is comparable to a digital coupon, which grants access to company shares. If the company increases in value, the value of the token will also rise – like stock share.