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So we recently got the guild update on Live Server about...a week ago I think. (been playing Tokyo Xanadu at that time so yeah). I went ahead and explained the guild changes in this update so here is a highlight of the video.
P.S. The guild token that I had no idea at the time is for the Exchange Shop where you trade those tokens for items. The Shop itself is permanent. The contents in the shop however are more than likely subject to change.
Edit: Here is a more not so lazy explanation with screenshots. Please bare in mind these translations are being ironed out.
In the image above you have the Guild Home tab. Here you can view the Guild Notice, Guild Missions, Guild News, depending on your role you can quick access even a list of invited members. Only the Guild Master can assign the Guild Channel in the setting from what I noticed.
In the next 3 images you can see the list of guild skills. Before todays update they were REALLY expensive. But after todays Maintenance The cost was greatly reduced from close to 4.5k GP to the current price as seen in the pictures. As noted Only the Guild Mater and Management can purchase the skills. On the left side you can see a list of applied skills.
In this image above you can see your list of guild members. Instead of being based on pages as the previous system used this uses the scroll system making guild member searching less of a hassle and less lagging on the client when accessing the database per page. You can change roles of multiple members (I think based on the check box system) in one go and apply in a simple button if you are a part of management or higher. Another thing is you can simply click a guild member's name and it will display their equipment even if they are offline.