The spell or ability that creates a token may define the values of any number of characteristics for the token. This becomes the token’s “text.” The characteristic values defined this way are functionally equivalent to the characteristic values that are printed on a card; for example, they define the token’s copiable values. A token doesn’t have any characteristics not defined by the spell or ability that created it.
May 3, 2019 · War of the Spark
A noncopy spell’s characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, “Interaction of Continuous Effects.”
January 25, 2019 · Ravnica Allegiance
A noncopy spell's characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, "Interaction of Continuous Effects."
May 1, 2014 · Journey into Nyx
A noncopy spell’s characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, “Interaction of Continuous Effects.”
February 1, 2014 · Born of the Gods
A noncopy spell’s characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, "Interaction of Continuous Effects."
September 30, 2011 · Innistrad
A noncopy spell's characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, "Interaction of Continuous Effects."
June 17, 2011 · Commander 2011
A noncopy spell’s characteristics are the same as those printed on its card, as modified by any
April 1, 2011 · Duel Decks: Knights vs. Dragons
A noncopy spell's characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, "Interaction of Continuous Effects."
February 4, 2011 · Mirrodin Besieged
A noncopy spell’s characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, “Interaction of Continuous Effects.”
October 1, 2010 · Scars of Mirrodin
A noncopy spell’s characteristics are the same as those printed on its card, as modified by any
February 1, 2010 · Worldwake
A noncopy spell's characteristics are the same as those printed on its card, as modified by any continuous effects. See rule 613, "Interaction of Continuous Effects."