he token is actually a new term referring to a value unit issued by a private entity. Although tokens have many similarities to bitcoins, they are more important than currency, because they can be used in a wider range of applications. Also virtually all tokens are based on the Blockchain Ethereum protocol, which according to experts is more complete than bitcoin blockade.

In other words, a token is a unit of value that an organization creates to manage its business model independently to enable users to interact with its products, and to facilitate the distribution and sharing of prizes and benefits with all interested parties.