Topic: What is the difference between token and Coin? (Read 253 times)

I think its all the same token and coins are the same only how to read it is the different from them. But mostly i think they have no difference between token and coins.

The coin is different in that it has its own chain of cuffs. Tokens do not have them and are based on the blocking of other coins. Such as eth, neo and others.

obviously things are very different, especially now that many projects use tokens no longer coins, for some reason, I think all project CEOs have their own reasons

Usually it would take you 5 min to google the answer to this question, but I suppose that you are not very good with googling and in faith to provide a discussion in the forum I will answer, a token is a currency that is made on top of a blockchain and wallet already established, the best example of this are the ERC-20 tokens that are the ones that most ICOs use as a base to develop their tokens, and a coin is a currency with its own blockchain and wallet, is like creating a new crypto from scratch.

There's a simple difference. Tokens are rewards or the amount of coins that one would receive as investment or bounty participant reward. While coin on the other hand are tokens listed in the market or in exchangers. This is how I undertand the two terms.

To be honest, I think there is no certain classification.
Personally for me coins is the original tool, the blockchain projects, but the tokens it is their derivatives.

I would agree on that and also add that IMO tokens are usually representing something else as securities of a kind. ICOs mainly have tokens that allow to perform some part of their project or something and investing in it is like investing in the project itself. Coins, on the other hand, are more like the name 'cryptocurrency' suggests. They are used to pay for things (including payment to buy tokens).
While most of tokens probably are the erc20 ones, there are some created on Waves, Neo and pure Ethereum, so the erc20 thing is always a token, but a token is not always built on erc20. Token is just dependent on any other platform.
They are indeed often confused, but I can't think of anyone saying 'bitcoin token' or 'ethereum token' when talking about these coins. At the same time, it seems more common to call tokens 'coins', because the latter sounds simply more general.

I think the token is generally still a form of ERC20. It exists under the protection of Ethereum technology.
For a coin, it's a new step and they are transformed into a new platform separate from the ERC20

The main difference is that the coin has its own blockchain (like Waves) and token is based on an existing blockchain (like OmiseGo). Also there are different token types (erc20, erc777 etc).

Token and Coin actually have no difference at all.
In real world, a coin and token are interchangeable, though, coin often have a exchange value to currency while the token may or maynot.
But in virtual token and coin, they have no any difference at all and are used interchangeably.

The main difference between coins and tokens is in the structure, coin is a currency that uses its own blockchain platform, while tokens operate using other blockchains that can facilitate smart contracts.

Coins have their own blockchain while tokens are built on existing blockchain. The most common token around is the ERC20 tokens. These tokens are developed from ETH blockchain.

Coin is a token that is accepted by users and traded on the exchange. Token are the products of ICO projects, not on the exchange

Tokens are just like "markers" and after a successful ICO, those will be "changed" to coins.

In simple terms, coins were the one that has got their own platform and gets developed as well further actions happen with it. When it comes to token, it is an value added token which is developed over some other platform of a coins. In recent days ethereum smart contracts were used much on token creation.

tokens do not have their own block network, while coins build their own networks. tokens only utilize existing networks such as the erc20 platform.
that's probably what I know about the different tokens and coins.

oken is a form of calling for capital, as part of a company, and they have not been put into trading on the market, and coin is the form of payment and liquidity of value.

If the token does not pass the Bowtie test, it is considered a security. If the company that issued the tokens meets all regulators requirements.

"A coin is a digital currency that uses its own platform and operates completely independently. No additional platforms are required for coins to work. They operate on their own independent blockchain, for which they are the native currency. Bitcoin, Litecoin, and Ethereum are the coins. The last two belong to the so-called altcoins. This means that they are in some respect an alternative to bitcoin. In General, there are two types of alternative coins:
Altcoins created using the original source code of the bitcoin blockchain, with modifications (e.g. Dogecoin and Litecoin).
Alternative coins created on the basis of independent and new blockchains (for example, Ethereum, Icon, AION.
A token is a cryptocurrency created on top of an existing blockchain or Protocol. Typically, tokens represent an asset or a function (utility). Since tokens are created as an add-on to an existing blockchain, it is easier to create them. Most of the tokens available today are based on the Ethereum blockchain.

Utility token-these tokens are not intended for investment. They are used for transactions, exchange and access to goods or services, that is, allow you to get some "benefit". Since such tokens are not considered an investment, they are not subject to legal regulation (for example, tokens that are used for identification or for games built on the blockchain).
Security tokens-these tokens are considered as assets suitable for investment, and therefore they are subject to the securities legislation. Thus, the us securities and exchange Commission (SEC) applies the Howie test to determine whether a token belongs to securities. If the token does not pass the Howie test, it is considered a security. If the company that issued the tokens meets all regulatory requirements, its token has all the chances to be widely distributed. The best prospects from the point of view of widespread use are tokens, which, like shares, represent a share of ownership of a company or an asset."
source: https://utmagazine.ru/posts/21644-raznica-mezhdu-kriptovalyutnymi-monetami-i-tokenami

After I read some of the previous posts it didn't seem right (Not All), I would try to help clarify. Some people will usually think coins and tokens are same but it's different.

Coin have their own blockchain or not depend on other blockhains unlike tokens. Coin have variety of different features and also the uniqueness of their own blockchain Instead of tokens. Example like Bitcoin, Ethereum, Ripple, etc.

Token created on existing blockchains like ETH (ERC-20), NEO(Nep-5), Stellar(?), Waves(?), Nem (Mossaic, If am not wrong), etc, usually tokens will be used in decentralized applications (dApps) as utility, security and equity tokens.

The point the difference between Coin and tokens is that coin has its own blockchain and tokens using the existing blockchain. Maybe it's just basic, for more details you need to do your own research on google, etc. Please correct me if i'm wrong. Sorry for my bad english and thanks!

Maybe you are interested to reading some references about this case here:
https://blog.citowise.com/the-basics-coin-vs-token-what-is-the-difference-5cd270591538
https://www.bitdegree.org/tutorials/token-vs-coin/