Tokens, Supply & Launches

Token

Also: Coin vs. Token

A digital asset issued on top of an existing blockchain, often through a smart contract, rather than having its own blockchain. By common usage, a "coin" runs on its own chain (Bitcoin, ether), while a "token" lives on someone else's (USDC on Ethereum).

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.