From Dogecoin To DeFi: A Blockchain Glossary For Novices

token
Tokens are blockchain belongings that come in many varieties. Cryptocurrencies like bitcoin cash payment gateway are a type of token. Different types embrace governance tokens, which grant the holder voting rights in a DAO or service, or utility tokens, where entry to a service is granted in accordance with the number of tokens held.

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Would Facebook/Meta have had direct control over Diem?
No. Meta was one of the members of the Diem Affiliation. (Meta's membership is through Novi.) The affiliation had hoped to grow to a hundred members, most of which might pony up $10 million. Every member had the identical vote in the affiliation, so Meta didn't technically have any more say over the association's selections than another member.