Here is some info on what the difference between tokens and coins in crypto world..

First of all, thanks to @olusolaemmanuel for reminding me this

*Difference between Coin and Token. *

As I understand it, coin is strictly a currency that can be traded, and accepted by people buying and selling things if those buyers and sellers choose to accept the coin. And a coin has its own blockchain or equivalent, and is not built on another like Etherium.

But a token is something that can be built on another platform, like Etherium, and a token actually plays role within the business operations and transactions of the company that issues it.

Blockchain and Ethereum’s “coin” or better put currency is Ether. Ethereum is similar to Bitcoin in that Bitcoin also uses a blockchain data structure but has it’s own currency called Bitcoin.

A “token” by definition is a representation any fungible tradible good such as currency, loyalty points, gold certificates, in game items and more.

The idea of a token itself is niether exclusive to Ethereum nor any other platform. A token is really an abstraction. It represents that I own a underlying tradable asset.