Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
Token is a holder of value generated by a project (namely its product).
Also there are tokens that can be used only inside the project's system (paying for gaming valuables, purchasing services, converting tokens to some reputation points, etc.).
If you are talking about tokens you got from ICO, bounty or airdrop, you could first convert them to Ethereum and then buy some btc for eth (that's what most investors eventually do).