What is a token in cryptocurrencies?

A token is a stock of a project ICO. For example, team of developers launches a project and asks investors to support them with money for the development, investors trust the team and give money, but not for free - they buy tokens (cryptocurrency that has not come into the cryptoexchange yet). Subsequently, when the cryptocurrency goes to the cryptoexchange, the investor will have the opportunity to sell it at a higher price.
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Random quote about money
"Нет никаких государственных денег, есть только деньги налогоплательщиков."
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