Post
Topic
Board Altcoin Discussion
Re: How are altcoins with no mining classed as currency
by
James Roger
on 19/01/2018, 13:37:21 UTC
A “token” by definition is a representation any fungible tradible good such as currency, loyalty points, gold certificates, in game items and more.

In a more real life example. You pay $2 at a pinball machine effectively exchanging your currency for 3 pin balls (tokens) to be used to play within the pinball game.