What coin token means?

1 ONE = 0.008511 USD .

– Simply put, a token represents what a person owns, while a coin denotes what they’re capable to own . Additionally, everyone has used a token at least once in their life even if not in this form.

Definition of token coin : a coin having an intrinsic value less than its face value — compare standard coin … if the metal content of a quarter is worth less than its face value of 25 cents, the quarter is a token coin. — Money and Banking, 1985.

A “token” often refers to any cryptocurrency besides Bitcoin and Ethereum (even though they are also technically tokens). Because Bitcoin and Ethereum are by far the biggest two cryptocurrencies, it’s useful to have a word to describe the universe of other coins.