Topic: Coin vs Tokens (Read 501 times)
Some people here are still confused about the difference between tokens and coins. Coins are coins that have their own platform since birth. Whereas tokens are coins that do not have a platform. Tokens only stick to other coin platforms. Then it's easier to create tokens than coins.
Coins, as far as i know is called to basically any altcoin which has developed its own blockchain and all the transactions of that coin take place upon that separate blockchain. Moreover most of the time yes they are primarily for the purpose of usage as currency while tokens are primarily for gathering funds for some specific venture and then using that token as a share whose market value would fluctuate.
I would like to add that some coins are tokens from the start before they built their own blockchain. All you have to do is swap the token to mainnet coin before the deadline or else you lose your money.
Coins have their own blockchain in this regard and they have today opportunities that do not have tokens, I think that in general this is the main difference, because tokens are projects that are based on large platforms such as ETH or NEO
Depends on how you differentiate the meaning but in this case they are both same. If you wish to buy coins just read an article and white paper to understand the real meaning of the coins you really want to be vested.
a very important material explanation between coins and tokens, I only see that coins can be used for transactions, while tokens cannot be used. that's what I've read and observed. and maybe so far I think many bitcoin users use bitcoin as a digital asset. still too rarely used for real transactions, and even then only partially.
from the past until now I prefer tokens, if we work in a bounty campaign we will get a reward in the form of tokens and we get tokens without capital, if we already get tokens I will exchange my tokens to coins, I prefer free tokens.
This is one kind of quality post that will be able to help any new comer to cryptocurrency to learn about what the hasn't know.
More post of this kind will be quite the help for most of the people that wish to know about cryptocurrency.
More post of this kind will be quite the help for most of the people that wish to know about cryptocurrency.
Coins need more time to establish but tokens are established on an already established blockchain making it easy to establish. People do call ethereum as a scam and praise tokens that are established on ethereum blockchain as being good. When I see this, I begin to wonder how they take it to be.
Thanks. This help me to have a well concept of tokens and coins. And it's make to define the difference between them. But this information need to be reliable.
Thanks for this post. I got some really very important information through this article. It has removed some of my confusions regarding coins and tokens. I expect more informative post like this
with decision on herding of use with the token investors comes with option as the customs on occupation of tasks on service as extending entrance on attaining works on further of stage with challenge as applying personal selection on models with the qualification.
Mainly there is no such differences between coin and token but it is a matter of choice of view. Token and coin are almost same thing. I think that’s the main thing about them.
coin more like real crypto use to trade among other coin. while token serve like sub coin which trade in designated platform and exchange.
coin value is always > token value.
think like you going in to gaming arcade, you use your real money to buy gaming token to play games but only got value inside the gaming arcade. no value on other places. real money can buy anything within the country/ region. but once you out of the region or country, you need to go to money changer to change to other currency.
real money = coin
token = gaming token
coin value is always > token value.
think like you going in to gaming arcade, you use your real money to buy gaming token to play games but only got value inside the gaming arcade. no value on other places. real money can buy anything within the country/ region. but once you out of the region or country, you need to go to money changer to change to other currency.
real money = coin
token = gaming token
All coins and tokens are considered cryptocurrencies, irrespective of their function as currency or medium of exchange. Therefore, you often read of cryptocurrency coins or cryptocurrency tokens. Often, coins are also referred to as altcoins (alternative cryptocurrency coins) to name digital currencies that are an alternative to Bitcoin. So, what's the difference?
Function vs. Structure
The purpose of a coin is to act like money and become a means of payment while storing value over time. Most known and popular coins take the form of Bitcoin-derived blockchain tokens like Bitcoin, Litecoin, and Monero. A coin, Bitcoin, aims to be a cash replacement, so the function is solely to denominate value in an exchange of goods or services. Their value in fiat money proves their likelihood to become popular as they can become a liquid form of money eventually.
Tokens’ purpose is far more focused. They are created on existing blockchains (for example Ethereum) to activate features of the application they were designed for. Blockchain tokens have value, yet they are not seen as actual money the same way coins are considered. Tokens can be considered a type of instrument that creates the environment for a better circulation of value between businesses and their customers – you fund a smart contract with the underlying coin and investors receive tokens from the company running the offering. This way, customers are incentivized to interact with a business through a crowdfunding and with no large financial commitments as often acquiring one token only is enough to be included in the project.
While there is a blurry line between what coins and tokens are defined as there are certain aspects on which the crypto community agrees. Coins are considered methods of payment while tokens give access to a product and unfold many other functions of a specific project. Coins are used for purchasing and selling goods or tokens as the first operates independently and the latter has value mostly within a project’s ecosystem. Often tokens are given to crowdfunding supporters to spend on their favorite services and products, and this is a great opportunity for businesses to deliver a significant amount of value for their project’s idea.
In the end, a coin like Bitcoin has been trying to break into the payment sector based on its claims of swift transactions, while tokens have already taken over the market and the tokenization model is delivering great results. Read more : https://pumapay.io/coin-vs-token-whats-the-difference/
I have always thought that coins and tokens are a different type but when I ask some people they think that both are the same, and the topic is that I am increasingly convinced that the two are not the same,Function vs. Structure
The purpose of a coin is to act like money and become a means of payment while storing value over time. Most known and popular coins take the form of Bitcoin-derived blockchain tokens like Bitcoin, Litecoin, and Monero. A coin, Bitcoin, aims to be a cash replacement, so the function is solely to denominate value in an exchange of goods or services. Their value in fiat money proves their likelihood to become popular as they can become a liquid form of money eventually.
Tokens’ purpose is far more focused. They are created on existing blockchains (for example Ethereum) to activate features of the application they were designed for. Blockchain tokens have value, yet they are not seen as actual money the same way coins are considered. Tokens can be considered a type of instrument that creates the environment for a better circulation of value between businesses and their customers – you fund a smart contract with the underlying coin and investors receive tokens from the company running the offering. This way, customers are incentivized to interact with a business through a crowdfunding and with no large financial commitments as often acquiring one token only is enough to be included in the project.
While there is a blurry line between what coins and tokens are defined as there are certain aspects on which the crypto community agrees. Coins are considered methods of payment while tokens give access to a product and unfold many other functions of a specific project. Coins are used for purchasing and selling goods or tokens as the first operates independently and the latter has value mostly within a project’s ecosystem. Often tokens are given to crowdfunding supporters to spend on their favorite services and products, and this is a great opportunity for businesses to deliver a significant amount of value for their project’s idea.
In the end, a coin like Bitcoin has been trying to break into the payment sector based on its claims of swift transactions, while tokens have already taken over the market and the tokenization model is delivering great results. Read more : https://pumapay.io/coin-vs-token-whats-the-difference/
thanks.
Actually both are related with each other but coin is a system or medium where we can do payments based on this token is tradable asset which is related with blockchain.
right, coin is a medium that we usually use to make payments for things but, there are also many people who still like to be confused about the difference between coins and tokens if the token is normal, we must exchange it before making any payment and can be saved for investment or for sale.
can be saved for investment or for sale.
good opinion, but I want to ask you one thing if only a coin will become a medium of exchange in the future, whether the token will remain in the future.
or is there only a coin and no tokens left?
I ask this because there are so many ico every day and now the token may have been more than 10000, only up to 1,000 who entered the CMC others failed, or did not reach the softcap when ico.
or is there only a coin and no tokens left?
I ask this because there are so many ico every day and now the token may have been more than 10000, only up to 1,000 who entered the CMC others failed, or did not reach the softcap when ico.
Coins are like real money by which we can buy something. In the other hand,token are like high valued things like gold. That’s the difference between them.
The difference between coin and token is very clear as op described above, somehow it's quite confusing that people called coin as a token or token as a coin, You can find them even in the crypto related site which is bad,coin has their own platform and operates independently while token is not, it requires another platform such as ethereum to exist, people have to know the difference between these two things.
Yeah, most newbies gets confused about this two but its really important to know the difference so you will be confident where to invest. If the project have their own blockchain technology then I think it has an advantage compare to others.Maybe it is because they cannot think of it widely wht is the difference between the two. Yes it is very important to invest but to invest without in mind does not have an assurance to achieve the brighter one in the near future. Newbies are still gathering new informations for the future purposes.
Coins are to act like money: as an account unit, store value and transfer media, while tokens offer functionality above and above digital money. They can provide value to investors..
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