Tokens, usually confused with Crypto Coins, are tradable assets with multiple utilities. Crypto tokens can be considered digital assets stored on a blockchain. Unlike cryptocurrencies which are used to make payments, crypto tokens can be used for many things. They can be held as a store of value, act as a medium of exchange, etc. Another fundamental difference between them is that crypto tokens don’t have their own blockchains; instead, they run on the blockchains of Crypto coins. Tokens are proof of ownership, which means it has to be physically moved from one place to another in case of transfer of ownership. One example can be NFTs which are proof of ownership and whose transfer of ownership has to be transferred manually.