Topic: Coins vs token (Read 267 times)
I think token is a cryptocurrency made for investors who have an interest in investing in a particular project, while coin is used as a means of payment to buy the token,
Coins are terms used for cryptocurrency like bitcoin or altcoin which uses are mainly for peer to peer transactions. Tokens on the other hand are utility based. Its uses are not necessarily peer to peer transactions. One example would be travel tokens in which you can use for travel.
The facts still holds that tokens are created based on the etherum blockchain medium and they are minute to the extent that the number of transaction that are made with tokens are not that much and not worth creating a whole new network for them, and unlike all the other cryptocuurencies in crypto markets,they are only used for one particular domain, tokens unlike cryptocurrencies usually don't last that long because people use them for profit only,it is also a basic pump and dump depending on the time frame of hoarding. In a nutshell I would prefer investing in tokens.
The facts still holds that tokens are created based on the etherum blockchain medium and they are minute to the extent that the number of transaction that are made with tokens are not that much and not worth creating a whole new network for them, and unlike all the other cryptocuurencies in crypto markets,they are only used for one particular domain, tokens unlike cryptocurrencies usually don't last that long because people use them for profit only,it is also a basic pump and dump depending on the time frame of hoarding.
I rather invest in tokens than in coins. There are many token-based Projects that will bring you profit over time
I thoroughly studied the project which is called ‘Socratus’ and I found it really interesting. it is an insurance ecosystem which provides a digital platform for insurance companies. Sounds impressive, this project definitely needs attention.
You should also give it a try, just google and you will find all the information about this project.
Have a nice day
I thoroughly studied the project which is called ‘Socratus’ and I found it really interesting. it is an insurance ecosystem which provides a digital platform for insurance companies. Sounds impressive, this project definitely needs attention.
You should also give it a try, just google and you will find all the information about this project.
Have a nice day
I think coin are crypto currency that has a value and listed in the market while token are new cryptocurrency that are new in the market and not listed in an exchange. Token are those that are sold in an ICO token sale.
There are many cryptocurrency in crypto market. So many tokens are arrived market to use other coins platform like Ethereum. Coins have won platform but why tokens need other platform. Why does not transaction tokens ? I am confused. Please anyone describe easily to make sense ? 
The problem is that if you invest on a coin, you do not know how the contract works, if you invest on a token, like an ERC20, you can easily see the contract to see if everything is good enough or not.
Actually there is no huge difference between coins and tokens. Tokens are utilized by engineers as a reward that is upheld by erc20token to be capable for trade in coins that can be used in all the more exchanging stage. Tokens are made not precisely the same as coin but rather can be used to procure gigantic when the cost is great in the market. In is upheld by Ethereum so as to have particular coin to trade with.
There are many cryptocurrency in crypto market. So many tokens are arrived market to use other coins platform like Ethereum. Coins have won platform but why tokens need other platform. Why does not transaction tokens ? I am confused. Please anyone describe easily to make sense ?
I think they are no different. Coins have their own network on the platform while tokens are based on the platform. Both are the best cryptocurrency markets and for tokens, many people use tokens for platforms, therefore, I prefer Coin compared to tokens, but they are both profitable
Coins and Tokens are both crypto currency but the have some difference.
Coins, for example Bitcoin, is a cryptocurrency type which operates with their own platform. Tokens in the other hand requires other platform like ethereum to exist.
Coins, for example Bitcoin, is a cryptocurrency type which operates with their own platform. Tokens in the other hand requires other platform like ethereum to exist.
There are many cryptocurrency in crypto market. So many tokens are arrived market to use other coins platform like Ethereum. Coins have won platform but why tokens need other platform. Why does not transaction tokens ? I am confused. Please anyone describe easily to make sense ?
I think personally, they are no different. Coins have their own network on the platform while tokens are based on the platform. Tokens can basically represent any interchangeable and tradable assets, from commodities to loyalty points to other cryptocurrencies. But I think they both benefit us all.
There are many cryptocurrency in crypto market. So many tokens are arrived market to use other coins platform like Ethereum. Coins have won platform but why tokens need other platform. Why does not transaction tokens ? I am confused. Please anyone describe easily to make sense ?
Indeed many people who use Coin and Coin are the best cryptocurrency markets and for tokens, many people use tokens for platforms, therefore, I prefer Coin in comparison with tokens because the coin is very popular
A coin is a crypto currency, which was self-contained, has its own blockchain, has its own system, so it is able to conduct transactions in the market, while tokens are coin candidates, tokens still have to join with one coin, before he grows and can stand on his own. that's a simple way to understand coins and tokens, in my opinion.
The express purpose of a coin is to act like money: as a unit of account, store of value and medium of transfer. Blockchain tokens do have value, but they cannot be considered money in quite the same way that a straightforward coin can. Tokens are generally hosted on another blockchain, like Ethereum. Tokens offer functionality over and above that of digital cash. They may deliver value to investors, beyond speculative returns.
Alternative cryptocurrency coins are also called altcoins or simply “coins”.
Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain.
Altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
Probably the best explanation. Thank you for this. I thought coins and tokens are basically the same but when OP asked why other token needs other tokens for transaction bugged my mind.Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain.
Altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.
Coin is more popular among the people like bitcoin is the best crypto currency in the market. Peoples are invest on coin for long time on the other hand tokens are invest for short time. Token is popular among some particular party.
Well, I think they both are kid of same. But, yes, you might find problems in transaction with tokens to some extent. Tokens are the rewards of the developers and coins can be used without any transaction issues in crypto market.
#Coin is crypto currency market place.It is the best crypto currency.Coin is the best platform coin market.Token is the other platform.Token is not popular site but Coin is most popular site.Most people uses coin & some people uses token.So I there for It is the crypto currency coin market.
What are you saying man? seriously i just didnt understand anything you wrote up there. Its just like you are commenting for post count sakes. IF i was a moderator, I would delete this post right way.
well for knowledge sakes, a coin is a cryptocurrency which has its own blockchain while a token is a cryptocurrency which runs an a coin's blockchain. Examples of coins are bitcoin, ethereum, dash, monero, Ripple, Bitcoincash, Verge, Tokenpay, etc while example of tokens are all cryptocurrencies which are stored in your MEW
There are many cryptocurrency in crypto market. So many tokens are arrived market to use other coins platform like Ethereum. Coins have won platform but why tokens need other platform. Why does not transaction tokens ? I am confused. Please anyone describe easily to make sense ?
Tokens are created based on the etherum blockchain and they are small and the number of transaction that are made with tokens are not that much and not worth creating a whole new network for them, and unlike all the other cryptocuurencies they are only used for one particular domain, tokens unlike cryptocurrencies usually don't last that long because people use them for profit only, a basic pump and dump. Jump to: