Quote from: 6erth6rind6ain on April 10, 2021, 05:48:42 PM

. What the heck is a token? Is that just another word for coin?

Token is the essence which is able to represent some stuff. In my view any coin is a token but not vice versa. BTC, as a token which delivers the prize to miners, is used as currency outside mining scheme, so it represents currency. That is why it can be regarded as a coin. On the other hand BAT, as a token, rewards Brave users who ^{"enable privacy-respecting ads"}but it doesn't represent currency outside environment of this browser, therefore it is not coin but utility token.