"A single Chipped Token is worth 1/100th of a Premium Membership Token. If you have 100 Chipped Tokens, you can turn them into a Premium Membership Token by clicking the button below. Likewise, Premium Membership Tokens have a button that allows you split them up into Chipped Tokens.
Make Premium Token
If this stack of Chipped Tokens has a quantity of at least 100, clicking the above link will turn 100 of these tokens into an Initium Premium Membership token."
The "make premium token" is a link in flavor text of the item, not on the wiki