This information is for the Empire (but i assume it is similar for the Republic.
These daily quest give you Daily Commendations, which will show up in your currency section. Daily Commendations can be turned in for item mods and items at the mission vendors in Ilum and Belsavis.
Flashpoints are the group dungeons of the game. At level 50 the flashpoint you can do are (Empire, though i think republic can do them as well). I believe most of these you can get access to from the fleet. Flash point have 2 Level Normal, and Hardmode. Hardmode has better loot, but is harder.
- The Red Reaper (Level 45)
- Directive 7 (level 48)
- The Hidden Threat
- The False Emperor
- The Battle of Ilum
- Crystal Fortress
- Means of Production
There are 2 forms of PVP. Open world PVP (which currently no one is reallying doing on PVE server) and warzones. Each type of PVP has it own form of currency. WarZones have Warzone commendations, and for open world PVP there are Mercenary Commendations. You can by 10 Mercenary Commendations for 30 Warzone (and the other way around).
There are also Daily and weekly PVP quest (open world, and Warzone). These, and all the merchants can be found in the combat training section of the space station.
There are currently 3 in games, you can’t chose which one you end up in, and most of the time it will be Hutt Ball.
- Voidstar (which i have never seen)
- Huttball (which 95% of the time will be the Warzone your sent to)
- Alderann (which i played once and loved).