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Topic: Important to know: Difference Coin / Token and shady marketing practices (Read 1173 times)

legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
https://bitcointalksearch.org/topic/m.63613637
I hope it will be approved. I will wait for you kind response. Smiley

After checking and approval by AOBT, your topics are now approved here as well and added to my list:  


Languagetranslated byTitle
_______________________________________________________________________________________________________________________
Pakistan (Urdu)Theme Penجاننا ضروری ہے: فرق کوئین/ٹوکن اور مشکوک مار
Bahasa Indonesia (Indonesian)dansus021Pentingnya untuk mengetahui: Perbedaan antara Koin/Token
العربية (Arabic)Nalain420من المهم أن تعرف: الفرق بين العملة/الرمز الم

Please note: translations done by AOBT might only get linked via AOBT link in my OP, as I'm very busy.
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
Hey @1miau

I am a member of the AOBT gang

Indonesia Translation is ready: https://bitcointalksearch.org/topic/pentingnya-untuk-mengetahui-perbedaan-antara-kointoken-5485637  Cool Please update your thread
sr. member
Activity: 280
Merit: 367
AOBT ~ English >>> Arabic
Hey @1miau!

I am the member of AOBT gang and your topic is add on Progress list and I translated your topic in Arabic language and thanks for giving this opportunity to translate your useful and knowledgeable text in different languages like Arabic

Here is Translation Link: من المهم أن تعرف: الفرق بين العملة/الرمز المميز والممارسات التسويقية المشبوهة

Have a nice day  Smiley

Nalain420 ~
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
I have posted this topic in my local community thread. Here is the link.
https://bitcointalksearch.org/topic/m.63613637
I hope it will be approved. I will wait for you kind response. Smiley
Many thanks for your translation, we will check it and I'll reply here again when it's approved or if any changes need to be done.
But it could take some time for approving as I'm very busy currently.



When you are ready, you can announce your translation here, it will get checked and I'll reply here when it's approved / which changes need to be done.
Looking forward to your translation.  Smiley
I have translated your topic in my local language. This topic was really informative. This topic explained well the difference between Tokens and Coins. I hope this will help my community members too.
For sure, I'm positive it will be helpful for your local community members because it's very important to know the difference between Token and Coin.
Your translation is much appreciated.  Smiley
hero member
Activity: 938
Merit: 765
I stand with Palestine.
When you are ready, you can announce your translation here, it will get checked and I'll reply here when it's approved / which changes need to be done.
Looking forward to your translation.  Smiley
I have translated your topic in my local language. This topic was really informative. This topic explained well the difference between Tokens and Coins. I hope this will help my community members too. I have posted this topic in my local community thread. Here is the link.
https://bitcointalksearch.org/topic/m.63613637
I hope it will be approved. I will wait for you kind response. Smiley
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
Dear 1miau,

I am submitting a request to reserve my seat to translate this topic in my local language Urdu. I really seem this topic helpful therefore I decided to translate this topic. Let me know if you approve my application to translate this topic and then I will start my work on translation I will wait for your kind reply.

Thanks.
Hello  Smiley

I've approved your request and Urdu language is reserved for you now:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
Pakistan (Urdu)Theme Penreserved

When you are ready, you can announce your translation here, it will get checked and I'll reply here when it's approved / which changes need to be done.
Looking forward to your translation.  Smiley




Because I won't have much time from this weekend on, I'll also add a short disclaimer that reserving new translations is currently not available.
All officially reserved translations are still valid and approved.
hero member
Activity: 938
Merit: 765
I stand with Palestine.
Dear 1miau,

I am submitting a request to reserve my seat to translate this topic in my local language Urdu. I really seem this topic helpful therefore I decided to translate this topic. Let me know if you approve my application to translate this topic and then I will start my work on translation I will wait for your kind reply.

Thanks.
hero member
Activity: 2632
Merit: 833

Am so sorry if what I have done is wrong.
I just want to remind you that this two translations are ready so that you can add them to you list.

Hello, you two.  Smiley
Sorry for delay, I've been very busy recently.
Your translations are now added to my list. Good job, all of them have been approved.


Languagetranslated byTitle
_______________________________________________________________________________________________________________________
PilipinasTravelMugMahalagang malaman: Pagkakaiba ng Coin / Token at malilim na gawi sa marketing
Nigeria (Naija)ChilwellThings wey dey Important to know: Difference Coin / Token and shady marketing


But @TravelMug, could you please add the disclaimer above the translated topic, like Chilwell did? It's easier to read, that it's a translation and where it's from.  Smiley



Thanks for the opportunity to translate this great topic of yours to our local board.
Of course, it's a pleasure that nice people like you two are interested to translate my topics.  Smiley

I already edited and put in to the top as you have requested.

And it's a pleasure to translate this to our local boards to help others understand the difference between a coin and token because they could also fall for the shady marketing by many projects. Specially that we are approaching the bitcoin block halving next year and for sure there will be a explosion of shady projects.
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink

Am so sorry if what I have done is wrong.
I just want to remind you that this two translations are ready so that you can add them to you list.

Hello, you two.  Smiley
Sorry for delay, I've been very busy recently.
Your translations are now added to my list. Good job, all of them have been approved.


Languagetranslated byTitle
_______________________________________________________________________________________________________________________
PilipinasTravelMugMahalagang malaman: Pagkakaiba ng Coin / Token at malilim na gawi sa marketing
Nigeria (Naija)ChilwellThings wey dey Important to know: Difference Coin / Token and shady marketing


But @TravelMug, could you please add the disclaimer above the translated topic, like Chilwell did? It's easier to read, that it's a translation and where it's from.  Smiley



Thanks for the opportunity to translate this great topic of yours to our local board.
Of course, it's a pleasure that nice people like you two are interested to translate my topics.  Smiley
hero member
Activity: 756
Merit: 508
The Alliance Of Bitcointalk Translators - ENG>PID

Please let me know here, when your translation is ready.  Smiley


Am so sorry if what I have done is wrong.
I just want to remind you that this two translations are ready so that you can add them to you list.
Thanks

Here is the translation: https://bitcointalksearch.org/topic/mahalagang-malaman-pagkakaiba-ng-coin-token-at-malilim-na-gawi-sa-marketing-5471357

Thanks for the opportunity to translate this great topic of yours to our local board.




Am done with the translation to my local board naija board "pidgin language" here is the link: https://bitcointalk.org/index.php?topic=5471236.new#new

Thank for the time you spended in preparing this wonderful topic
hero member
Activity: 2632
Merit: 833
Requesting permission as well to translate this to our local board: Pilipinas.
Hello  Smiley
Of course, we would be very happy to have a translation from you.  Smiley
I've added an entry in my list and reserved it for you:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
Pilipinas (reserved)TravelMugreserved

No hurry to provide it because translation quality goes over translation speed.  Cheesy
Looking forward to it.  Smiley

Here is the translation: https://bitcointalksearch.org/topic/mahalagang-malaman-pagkakaiba-ng-coin-token-at-malilim-na-gawi-sa-marketing-5471357

Thanks for the opportunity to translate this great topic of yours to our local board.
hero member
Activity: 756
Merit: 508
The Alliance Of Bitcointalk Translators - ENG>PID
Here is a Translation in Bangali Language : https://bitcointalksearch.org/topic/m.62985885

Thanks for your efforts to write such an important topic
Nice to have your translation, I've added it to my list.
Your effort is much appreciated to contribute to our forum and to help educating more forum members.  Smiley



Permission to translate this wonderful topic to my local board "naija board" pidgin language
Hello  Smiley
Of course, you have my permission to translate it. I've reserved it in my list for you:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
Nigeria (Naija) (reserved)Chilwellreserved


Please let me know here, when your translation is ready.  Smiley


Am done with the translation to my local board naija board "pidgin language" here is the link: https://bitcointalk.org/index.php?topic=5471236.new#new

Thank for the time you spended in preparing this wonderful topic
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
Here is a Translation in Bangali Language : https://bitcointalksearch.org/topic/m.62985885

Thanks for your efforts to write such an important topic
Nice to have your translation, I've added it to my list.
Your effort is much appreciated to contribute to our forum and to help educating more forum members.  Smiley



Permission to translate this wonderful topic to my local board "naija board" pidgin language
Hello  Smiley
Of course, you have my permission to translate it. I've reserved it in my list for you:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
Nigeria (Naija) (reserved)Chilwellreserved


Please let me know here, when your translation is ready.  Smiley
hero member
Activity: 756
Merit: 508
The Alliance Of Bitcointalk Translators - ENG>PID
Requesting permission as well to translate this to our local board: Pilipinas.
Hello  Smiley
Of course, we would be very happy to have a translation from you.  Smiley
I've added an entry in my list and reserved it for you:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
Pilipinas (reserved)TravelMugreserved

No hurry to provide it because translation quality goes over translation speed.  Cheesy
Looking forward to it.  Smiley

Permission to translate this wonderful topic to my local board "naija board" pidgin language
sr. member
Activity: 546
Merit: 309
Of course, it's nice to get a translation and a presentation of my topic in your local board. I appreciate it very much.  Smiley
Which language are you interested to provide?
I'll add it in my OP to show that your local language is reserved:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
xxx (reserved)Z_MBFMreserved

Here is a Translation in Bangali Language : https://bitcointalksearch.org/topic/m.62985885

Thanks for your efforts to write such an important topic

Z_MBFM  Smiley
full member
Activity: 462
Merit: 117

False marketing is deceiving buyers

While the term "Coin" evokes more valuable properties, "Token" sounds rather of low quality. As a result, many projects are advertising their product as a "Coin" while in reality, it is (still) a "Token". One should not be deceived by this because projects are frequently doing this to shill their useless crap project.

Projects doing this, should be avoided as it’s a big red flag.  Lips sealed

In addition, there’s a new strategy from competing projects to trash competing projects. In a misguided effort, the competing coin is labelled as a token, but in reality, it’s a coin because it’s based on its own Blockchain. But competing projects are labelling it as a token to trash it and provide an effort to scare and discourage potential buyers from buying the competing coin.
It might even happen for competing projects to hire "agents" and place such agents in marketing departments of competitors, where in marketing material, these agents are wrongfully changing the term "Coin" into "Token" to make the competitor coin look bad by calling it "Token".  Cheesy

I am very much happy to have stumbled upon this insightful thread. I must say OP has enlightened members of the platform and crypto community at large by putting up with this article for reading. This has exposed the tricks of most of these shittokens that  claims to be a coin deceiving investors in investing in their project. The truth is that since they know investors are very interested in the name coin as it attracts them they use it to get at them and the greedy investors that wants ten x of their investment go to invest in their project  and sometimes get trapped in the project as they rug pull.

It is pertinent that most investors should properly ask questions to the project developers why they give their token coin instead of calling it the normal name which should be a token because that is what they use in deceiving people. Only a person who is fully knowledgeable about crypto that would understand that but the rest of the others are just good at waiting to take profit from their investment and in some cases they do not see anything but being scammed.

1miau I find this topic to be of great expository and would want to seek your audience to translate it to my local language (Nigeria board) so that they could see it and learn from it as well.
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
Requesting permission as well to translate this to our local board: Pilipinas.
Hello  Smiley
Of course, we would be very happy to have a translation from you.  Smiley
I've added an entry in my list and reserved it for you:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
Pilipinas (reserved)TravelMugreserved

No hurry to provide it because translation quality goes over translation speed.  Cheesy
Looking forward to it.  Smiley
hero member
Activity: 2632
Merit: 833
Requesting permission as well to translate this to our local board: Pilipinas.
legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
@1miau You have written very nice details which I like a lot and from here I got to know some unknown information. There is very important information here and that's why I want to translate your post into my language and post it in my local community to let everyone know and easily understand about this. thanks for sharing this important information with us
Hello  Smiley

Of course, it's nice to get a translation and a presentation of my topic in your local board. I appreciate it very much.  Smiley
Which language are you interested to provide?
I'll add it in my OP to show that your local language is reserved:

Languagetranslated byTitle
_______________________________________________________________________________________________________________________
xxx (reserved)Z_MBFMreserved
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
Another thing I should learn is: Can a token be decentralized in any way? The developers of those tokens have all control over their tokens, and it's fully centralized. So, I assume every token is centralized, and developers can control users' money by increasing the supply. Isn't it like that?
I guess there is a small window where a token can be decentralized, if it is built on a decentralized blockchain/platform and the founder designs it in such a way to not have any central authority or control center, even from they the founder, then it is possible to have a decentralized token, but so far all of the tokens in the market are all centralized. They claim to be decentralized and ground breaking in their whitepaper but turn out to be none of these things.

We barely have decentralized coins in the market today.

I am not sure about it, and that's why I wanted to learn more about it. You talked about decentralized blockchain., I guess only the decentralized blockchain does not help. We saw the brc-20 tokens craze a few weeks ago, which was developed on the Bitcoin network. The Bitcoin network is decentralized, yet the token developers did not use it to make their tokens decentralized.

I guess it exclusively depends on the developer's will. If they want to make it decentralized somehow, it must be open source so other developers can verify it. But whoever claims their token is decentralized they don't publish the source code because those are centralized.
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