There is a major difference between the two types in both legal and financial aspects. I tried to elicit the major differences for you in a table of comparison below. In order to determine the difference, the Howey test is applied. According to Investopedia the Howey test is if: "a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party,"

This list isn't exhaustive but comprehensive enough.

Differences:

Similarities:

• Both types of tokens can be used to fund a startup company or project.
• Acknowledgement of both types of tokens' prices in the market increases the value of both tokens.
• Both tokens make use of an Initial Coin Offering (ICO).

I hope you found this article as informative and educational as the research was for me!