When reading about Ethereum-based tokens I've observed two types of implementations:
- The token rides on top of the actual Ethereum blockchain (the main Ethereum network). Example would be Golem (GNT).
- The token rides on it's on Ethereum-based blockchain. Example would be...? Are there examples?
Is the term "Ethereum-based token" assumed to mean #1 (that it rides on top of the actual Ethereum blockchain)?