Same as the T$ on Stars. Basically, it means if you win a seat in a satellite, you can unregister for the tournament and take the money in T$, which can be used to register in any other tourney or SNG. Or, you can convert the T$ into real money
at a 5% cost. IIRC, you can NOT do this with FT's token system, meaning, if you win a Tier 1 token, you can't sell it or turn it into T$ to play lower tournies.