Topic: Token? vs Coin? - page 2. (Read 280 times)
well. if you compare them according to price potential? tokens are mostly based on ethereum blockchain and they are mostly erc20 tokens. there are some of them with good potential and can raise up because of its usages.
Tokens are usually pegged to some FIAT currency (like USDT) or they are start-up shares.
The most famous FIAT/asset-backed token is USDT (tether) is being issued by bitfinex. As you guessed the token is only as good as its issuer. So you have to trust bitfinex and cannot really know if the USDT token they release is actually backed by something.
If you'd ask me my own thoughs, I'd say stay away from tokens as much as possible. It is because they require trust to work. Tether comes in handy in various situations, I can't deny but I wouldn't hold it for long.
The most famous FIAT/asset-backed token is USDT (tether) is being issued by bitfinex. As you guessed the token is only as good as its issuer. So you have to trust bitfinex and cannot really know if the USDT token they release is actually backed by something.
If you'd ask me my own thoughs, I'd say stay away from tokens as much as possible. It is because they require trust to work. Tether comes in handy in various situations, I can't deny but I wouldn't hold it for long.
Indeed tokens and coins have different performance which I know tokens are widely used in their projects that are built from the ethereum blockchain network "erc20" and that is easy to make for a project or you want to make your own tokens.
Whereas coins have their own blockhains and I don't yet understand how to make their own wallets and those crypto experts do.
Whereas coins have their own blockhains and I don't yet understand how to make their own wallets and those crypto experts do.
These days, i am looking at Digifinex which does a lot of airdrop promotion.
But among several projects, BPX Token caught my attention because it is the only one with "Token"
So what does it mean by "Token?" Other coins do not have that term though...
bispex token BPX itself is built under the ethereum smart contract network ,various smart contract blockchain platforms like ethereum there are many mate you can explore including eos neo waves and others ,the difference between tokens and coin is quite clearly explained by friends community above
These days, i am looking at Digifinex which does a lot of airdrop promotion.
But among several projects, BPX Token caught my attention because it is the only one with "Token"
So what does it mean by "Token?" Other coins do not have that term though...
These days, i am looking at Digifinex which does a lot of airdrop promotion.
But among several projects, BPX Token caught my attention because it is the only one with "Token"
So what does it mean by "Token?" Other coins do not have that term though...
In cryptocurrency, coin means a native asset of the parent blockchain that runs on its own blockchain.
what is diffrent between token & coin?
Token is cryptocurrency is running with coin chain like ethereum chain, Waves chain , Trx chain and much more chain that allow you to issued any new currencies without coding the genesis hash
that crypto who running on coin chain platform, people call it token
While coin is when Cryptocurrencies that having own explorer & wallet , and genesis hash,
there is many type of coin and one of them are PoW ( Proof of Work ) & Pos ( Proof of take)
Token is cryptocurrency is running with coin chain like ethereum chain, Waves chain , Trx chain and much more chain that allow you to issued any new currencies without coding the genesis hash
that crypto who running on coin chain platform, people call it token
While coin is when Cryptocurrencies that having own explorer & wallet , and genesis hash,
there is many type of coin and one of them are PoW ( Proof of Work ) & Pos ( Proof of take)
In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens have a denomination either shown or implied by size, color or shape. "Tokens" are often made of cheaper metals: copper, pewter, aluminium, brass and tin were commonly used, while bakelite, leather, porcelain, and other less durable materials are also known.[citation needed]
A key point of difference between a token coin and a legal tender coin is that the latter is issued by a governmental authority and is freely exchangeable for goods. However, a token coin typically has a much more limited use and is often issued by a private company, group, association or individual. In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency.[citation needed]
Source: https://en.wikipedia.org/wiki/Token_coin
A key point of difference between a token coin and a legal tender coin is that the latter is issued by a governmental authority and is freely exchangeable for goods. However, a token coin typically has a much more limited use and is often issued by a private company, group, association or individual. In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency.[citation needed]
Source: https://en.wikipedia.org/wiki/Token_coin
These days, i am looking at Digifinex which does a lot of airdrop promotion.
But among several projects, BPX Token caught my attention because it is the only one with "Token"
So what does it mean by "Token?" Other coins do not have that term though...
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