How is a token different from a cryptocurrency?

The main difference between a token and a cryptocurrency is the presence of an issuer. The release of tokens, which are an analog of securities, is carried out by a certain company. Cryptocurrency issuance is completely decentralized and is carried out through mining, which can be done by anyone. Unlike tokens, cryptocurrency is an independent payment instrument that is not tied to a specific platform. Tokens work only within a specific project, providing the right to receive certain goods and services, and their value directly depends on the success of the project.