Is there truly a meaningful difference between tokens and blockchains though? Sure, the token is running one level up in the architecture hierarchy, using a blockchain or maybe even another token as its settlement layer, but from a user's perspective it doesn't act any differently. It's kind of like how, as a user, I don't know or care whether the HN webserver my browser is talking to right now is running in a VM or on bare metal.

The actual use properties of tokens/coins/blockchains aren't any different.