I usually go for a milky toner, like Laneige or Tirtir, but have switch to Exuviance for their glow pads and day cream so thought I'd get the toner to match. It has a watery consistency, and sinks easily into the skin. It's hydrating, and feels nice, but doesn't do anything out of the ordinary IMO. I still prefer the milky toners that feel more supple and softening. Not a bad product, just not wow.
I suffer from perioral dermatitis and use toner morning and night (see before & after picture). Besides regulating my eczema, the toner minimizes pores, combats dryness lines and pigmentation, and helps with flaky skin. After application, my skin therapist advised me to massage in moisturizer/serum/face mask quite quickly while the toner is still damp on the skin. This allows the next product to really sink into the skin instead of sitting on top like a film. I usually go in with two to three times with pads, and sometimes I pat it in with my hands.