A token is a cryptocurrency or digital asset that is built on an existing blockchain. These tokens are generally issued to facilitate services within the ecosystem of the blockchain project and may represent a fungible or non-fungible asset, such as a utility token.
A coin is a unit of digital value native to a blockchain and represents a digital currency or asset which has its own blockchain. Coins are created through a process called mining and can be used for peer-to-peer payments, trading, and value exchanges.