A token is a cryptocurrency issued for a specific purpose or used as a form of exchange on a particular blockchain. It can have multiple use cases, security incentives, transaction fee payments, and governance which are central to the token’s demand. In terms of supply, most cryptocurrency tokens have planned emission schedules coded in them. This allows investors to predict the number of tokens that will be circulating during a certain point in time. The emission rate and schedules are important factors in determining the inflation rate of a token.