Coin: The word cryptocurrency is a misnomer, which is why people use coins, tokens, and cryptocurrencies interchangeably. Let's begin by defining what a coin is and how it differs from these terms. A currency (which contains altcoins) is a form of digital money developed through value encryption techniques. In addition to Bitcoin, these digital assets are referred to as digital money and have rapidly increased in popularity over the last few years.
Tokens: To better understand how a token works, think of it as a performance ticket. This is supposed to be a kind of real-life .l token, which you can use at a particular place during a particular period. A concert ticket cannot be used to pay your bill at the cafe, as the access is valuable at the concert. Like digital tokens, they have specific uses just within specific projects. Tokens represent assets or utilities, so safety and utility tokens are differentiated.