[tehlike]

Tokens are actually mostly not shares. You dont own the company that issues the tokens. Everybody likes to think that it is, though.

[LrnByTeach]

The term "shares" is used here in loose sense, all these are coins/tokens .

All these companies behind this coins/tokens have no "paid" employee or assets and no legal registration ( for the coin itself) so there is no meaning to "shares" . There is nothing for ownership rights in the sense of share .

[Semaphor]

There are a few, like Modum, that are really nothing but unregulated shares. Most of them are unregulated less-than-shares.