Token
Plain English
A digital coin or asset on the blockchain. Like how you might have gift cards, tickets, or loyalty points, tokens can represent money (like SOL), ownership (like stock), or access rights. They’re tracked on the blockchain so everyone knows who owns what.
Technical
A digital asset created and managed on a blockchain following specific token standards. On Solana, the SPL Token standard defines fungible and non-fungible tokens with associated metadata and programs. Tokens can represent currencies, governance rights, utility access, or any programmable asset with mint authority and supply controls.