what is the difference between TOKEN and COIN - page 2.

Proxik

full member

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In my opinion coins are actually virtual currencies like Bitcoin, Zcash and Monero.

While platforms and other crypto are actually shares or tokens like Ethereum, Stratis, Blocknet, Neblio etc

DaddyMonsi

legendary

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Merit: 1006

Quote from: Asber on October 06, 2017, 02:48:43 AM

Hi all,

Can you explain?

Thanks in advance.

For my understanding, Coin describes the clones created like Bitcoin, example is Ethereum, ZCash, Monero. Those coins can be mined as well like Bitcoin. Token are given to those who participates on projects that needs funding, example is SNC or SunContract project, if you contribute 1 Ethereum when the ICO is still on-going they will give you at least 11,000 SNC tokens. Anyone want to correct me on this because I maybe wrong.

Asber

full member

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anybody

richcorner100

full member

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Merit: 100

https://exip.live/

In my opinion Coin is cryptocurrency protocol that has its own blockchain, example: ETH,BTC,LTC. while token is an App that can be built on the top of that protocol and they are does not have own blockchain and use the blockchain of smart contract platform, example :GNT,GNO,OMG.

Asber

full member

Activity: 938

Merit: 115

Hi all,

Can you explain?

Thanks in advance.

Topic: what is the difference between TOKEN and COIN - page 2. (Read 702 times)