Is Bitquence token going to act like the gas or transaction for for sending coins and tokens? It really is a good project and have reach the minimum marketcap. But wouldn't the team need to create chain for each coin and token they will accommodate in their platform?
yes the token will act as gas to run everything on the platform and it will be used to transfer value through the Bitquence network.
If you are talking about token integration for the universal wallet, that will work sort of like electrum wallets (where the blockchain is hosted on a server and clients scan it) and we won't need to create anything new for that.