Difference between coins and tokens...

intervalue

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Quote from: Mr.Jovetic on February 08, 2018, 05:15:00 AM

Quote from: K0korap on February 08, 2018, 03:22:00 AM

Hello everyone! as i read through the coin market is saw that there's a different window for the token market and coin market which made me wonder if there's a difference. Right now, EOS leads the tokens while BTC leads the coins. I hope someone could explain this to me simply.

Coin used for trading, Token used for getting some benefits from the exact platform or project. That's simple. Wink

Coin: Coin represents coins, which can be divided into tiny units for the value of division. The Coin represents a "unit" dedicated to the infinite division of value, the most representative of which is bitcoin. The value of riding in bitcoins is what we call consensus.

Token: Pass card. If you want to join the various parties, you need the pass card, The Token is like the Pass card.

They are my own opinions or understanding.

cryptotaste

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token place on the market depends on ICO .Coin place on the market depends on coin's cap, hype, technology and possible environments it can be used in.Tokens are usually associated with the ERC-20 system.Coin are usually built from scratch, they don't need to rely on Ethereum.

shandiem14

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Quote from: kuruyama on February 08, 2018, 04:22:22 AM

Well, For me, Token is an award or bounty given to us for joining campaigns, it usually depends on the ICO or for whatever project its used in. While Coins are usually place or traded in the market depending on its coins capacity, its hype or whatever it is being use or can be used to.

Agree tokens are available in ICO and should be distributed after token end sale. Coins are usually listed in coinmarketcap and that's the real deal of crypto traders they buy when the price is low. though the cheapest price the i've know is in ICO.

easytipz

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Quote from: ThachSanhTp on February 11, 2018, 10:34:48 PM

Coins have their own blockchain, such as: Bitcoin, Ethereum, Litecoin, ...
While Token are born from another coin (platform coin, such as: Ethereum, Wave, Neo...). Tokens has not their own blockchain yet. Token usually used at ICO stage

Exactly.
Tokens based on Ethereum platform are called ERC20

alkhie01

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Coins are build base from Bitcoin which has its own blockchain and you can mine while tokens are based in etherium platform that can be premine,means the developers can create this.

ThachSanhTp

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Coins have their own blockchain, such as: Bitcoin, Ethereum, Litecoin, ...
While Token are born from another coin (platform coin, such as: Ethereum, Wave, Neo...). Tokens has not their own blockchain yet. Token usually used at ICO stage

wayaneka

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Coins is mineable and has own blockchain so everyone can to mine it by self but token is premined that mean only their developer can to create it and these token use other blockchain, Tokens also are actually built on other third platforms and they exist on that platform.

RoftheN

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The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.

nikjain422

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Quote from: K0korap on February 08, 2018, 03:22:00 AM

Hello everyone! as i read through the coin market is saw that there's a different window for the token market and coin market which made me wonder if there's a difference. Right now, EOS leads the tokens while BTC leads the coins. I hope someone could explain this to me simply.

The major difference factor between coins and tokens are coins are mostly established and have been in the market for some time and people already know about them,Whereas tokens are something,which different companies launches their projects as ICOs and they try to promote that soo more and more people gets involved in it by investing their money.Tokens are generally initial stage of the new coin.

Murloc

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Altcoins are usualy made on their own blockchain while tokens can use ERC20 for example with all existed pros and cons of the chosen platform. Coins are normaly used as a currency while there is a variety of ways to use them for example as a currency on the particular project or as a share or this project (sometimes both). Also while dealing with tokens the transactions fees are normaly payed in the currency of the platform (ETH for ERC20) while the altcoin fees are taken in the same altcoins. Altcoins can be splited into smaller parts, like 0.1 ETH while you can't seld less than 1 token.

dg2010

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Quote from: pawanjain on February 11, 2018, 11:52:27 AM

The difference between coins and tokens is that coins are actual cryptocurrencies which have their own blockchains and are created solely for a purpose whereas tokens are something that are derived from other coins. Tokens are created and run on other blockchains. For example: most of the ICOs these days create ERC20 token which are created in the Ethereum platform because of its flexibility. We can consider tokens as an essence of coins where coins have greater functionalities.

i totally agree with your anwser. if we are just the normal investors, we just need focus on the quality of the project. we dont need consider it is coin or token. as long as it can help us get profit.

pawanjain

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Nothing lasts forever

The difference between coins and tokens is that coins are actual cryptocurrencies which have their own blockchains and are created solely for a purpose whereas tokens are something that are derived from other coins. Tokens are created and run on other blockchains. For example: most of the ICOs these days create ERC20 token which are created in the Ethereum platform because of its flexibility. We can consider tokens as an essence of coins where coins have greater functionalities.

alex_kir

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Everything is very simple. Those projects that are based on a blockchain of some kind of platform are called tokens, and those projects that have their own blockbuster are called coins. As far as I know, it's all the difference that exists.

Barbut

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★Bitvest.io★ Play Plinko or Invest!

How many wrong answer's in this topic, most of you wrote even you don't understand what you talk about. There are couple good comments, and comments close to the truth but most of the comments in this topic have not logical. Is it so hard to open google and to type some basic words and you will find a tons of informations of any kind, don't trust first one, look on couple places, compare articles and make your own opinion. By looking this thread I understand its too hard for some people to do that.
'The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.' From https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/

Haunebu

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Quote from: britai ruby on February 11, 2018, 03:23:12 AM

Ethereum is a platform, with it’s own blockchain and Ethereum’s “coin” or better put currency is Ether. Ethereum is similar to Bitcoin in that Bitcoin also uses a blockchain data structure but has it’s own currency called Bitcoin.
A “token” by definition is a representation any fungible tradible good such as currency, loyalty points, gold certificates, in game items and more.

The idea of a token itself is niether exclusive to Ethereum nor any other platform. A token is really an abstraction. It represents that I own a underlying tradable asset.

Currently the Ethereum space is very hot with ICOs which are really token offerings. These tokens represent an exchange medium within the project. For example, Golem Project pays app developers who publish on the platform and CPU renters in GNT

Because GNT represents the internal medium of exchange in the golem project, people who want to participate in this ecosystem must have GNT.

If someone wants to buy GNT but only has ETH, they can offer to trade their currency ETH for my GNT at a price say 0.5ETH / GNT.

In a more real life example. You pay $2 at a pinball machine effectively exchanging your currency for 3 pin balls (tokens) to be used to play within the pinball game.

One of the best explanations that I have observed in a while for differentiating between a coin and a token in the crypto world. Initially, I admit that I was kind of confused regarding the difference between coins and tokens and never bothered to learn much about them until a while later. I learnt the difference between them through experienced members of this forum and I understood clearly that both coins and tokens may or may not be valuable, but coins are generally more valuable than tokens due to their separate blockchains and several other aspects which is why I tend to HODL both my coins and tokens for long term profits.

breeze170

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In general coins use their own blockchain associated with them. Tokens use another coins' backbone blockchain. But some people use token as rewards too. Coins generally have higher prices than tokens.

katarin2030

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Quote from: Satish147 on February 11, 2018, 09:10:30 AM

Coins can be used as currency whereas tokens are used as utility tokens within the ecosystem or company and mostly tokens carry the definition of securites.

So think before invest twice or thrice .

Coins are like a medium of exchange, suppose if we have a coin either it could be a bitcoin or altcoin we can convert to fiat mode by means of exchange. Tokens like an asset or as you mentioned it is a utility, Tokens are typically considered a coin that is built upon another coin/platform.

Satish147

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Harmony for One and All

Coins can be used as currency whereas tokens are used as utility tokens within the ecosystem or company and mostly tokens carry the definition of securites.

So think before invest twice or thrice .

marcuslong

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Quote from: K0korap on February 08, 2018, 03:22:00 AM

Hello everyone! as i read through the coin market is saw that there's a different window for the token market and coin market which made me wonder if there's a difference. Right now, EOS leads the tokens while BTC leads the coins. I hope someone could explain this to me simply.

For my own thought the difference between coins and tokens was the coins is allign already with bitcoin list in the coinmarketcap.As usual if we talked crypto coins the first thing that comes our mind is bitcoin.So my point is coins was directed from bitcoin.So for tokens most of ICO's now are not given coins for their compaign offering to us,because they give us token as our reward.And for me we can't directed the tokens to bitcoin because tokens was converted first to ethereum coin and then after that you can pass through for bitcoin convertion. I would say that in processing method the coin is much nearly to convert bitcoin than the tokens because this two was differs from converting to bitcoin.

Plimo

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Coins are their own.
Tokens are a part of a ethereum platform.

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