Bitcoin Forum

Other => Beginners & Help => Topic started by: jevee on December 02, 2017, 01:51:48 PM



Title: what are tokens?
Post by: jevee on December 02, 2017, 01:51:48 PM
hello!

what is the difference between tokens and altcoins? wich tokens are good to invest and how to get them?


Title: Re: what are tokens?
Post by: mOgliE on December 02, 2017, 02:38:51 PM
Hi,

There is actually no difference... The "token" is the thing created by  the blockchain.. and it becomes an altcoin when it is used as a currency..
So actually, all altcoins are linked to tokens but not all token will become altcoins!

You can invest on many websites, Yolo Dice is one of them! Regarding which to invest in, well you should first consider the most spreaded ones. It will be easier for you as a first step and it is also more "realiable", rates tend to be less erratic!  ;D


Title: Re: what are tokens?
Post by: promat123 on December 21, 2017, 07:42:02 PM
They are actually same thing, but not all tokens become altcoins  :)


Title: Re: what are tokens?
Post by: LoyceV on December 21, 2017, 08:05:41 PM
See theymos' Definition of tokens (https://bitcointalk.org/index.php?topic=2251834.0).


Title: Re: what are tokens?
Post by: TeraBitHoven on December 22, 2017, 01:01:16 AM
Tokens are assets with various uses to blockchain(cryptocurrency transactions) that becomes altcoins.


Title: Re: what are tokens?
Post by: sarmrakib on December 22, 2017, 01:07:46 AM
hello!

what is the difference between tokens and altcoins? wich tokens are good to invest and how to get them?


Actually both are same thing. Token is starting way of after completing ico or adding in cryptocurrency it will be a altocoin. So that there is no so different in token. it is use as a altocoin. Actually you are so curious that's why I am doing few explain.  Any token has come to the ICO as a road map then after completing ICO they will become added on cryptocurrency and be a altocoin.


Title: Re: what are tokens?
Post by: FinStar34900 on December 23, 2017, 09:45:25 AM
Tokens are an asset or utility buit on top of a blockchain, they don’t have their own blockchain but are built on existing ones such as ethereum, waves etc. If they become popular, they might develop their own clockchain and become an altcoin.



Title: Re: what are tokens?
Post by: esfirvelius on December 23, 2017, 12:35:51 PM
Tokens are an asset or utility built on top of a block-chain.


Title: Re: what are tokens?
Post by: richshopgh on December 23, 2017, 01:08:09 PM
Tokens is the currency created during the Initial coin offering stage to raise fund. And altcoins is the token when changed to a currency based on the value of the project.


Title: Re: what are tokens?
Post by: Krishan_94 on December 23, 2017, 01:13:29 PM
Tokens are the beginner stage of coin.. Before releasing a coin, they distribute tokens at a cheap value.. Tokens are during called tokens during pre sale and main sale. Once main sale is over and and release the coin, they are not tokens further more. Those tokens are now called coins. Tokens become coins after releasing the coin. Before releasing we call it token. Tokens are most of the times cheaper than coin. Once coin is listen on an exchanger, we call coins, not tokens.. 


Title: Re: what are tokens?
Post by: wazir101 on December 23, 2017, 03:47:16 PM
Tokens are often issued to the public through a crowd sale called an initial coin offering (ICO). The creators of the token will issue the token to others in exchange for ether and sometimes bitcoin and other digital currencies. There have been many ICOs recently and in a short time they have completely changed the way projects are funded. There is no requirement that tokens must be well distributed, although if you are building a decentralized application ideally you want the tokens to be owned by as many people as possible.


Title: Re: what are tokens?
Post by: bhadnaufal on December 23, 2017, 09:12:05 PM
Tokens are often issued to the public through a crowd sale called an initial coin offering (ICO). The creators of the token will issue the token to others in exchange for ether and sometimes bitcoin and other digital currencies. There have been many ICOs recently and in a short time they have completely changed the way projects are funded. There is no requirement that tokens must be well distributed, although if you are building a decentralized application ideally you want the tokens to be owned by as many people as possible.

This! Very good explanation


Title: Re: what are tokens?
Post by: pandukelana2712 on December 24, 2017, 02:00:47 AM
I think token just like voucher which contain some cryptocurrency presented in pre-ICO / ICO.
The value in the token is deppens from the creators.


Title: Re: what are tokens?
Post by: Cutieepooh on December 24, 2017, 05:49:53 AM
Tokens are the assets which will be sold during the ICO by specific project to maximize their capital. Thereafter they will increase their goodwill in the market. Then if the token demanded in the market then their price will be increase vise-verse ,like demand and supply methodology.


Title: Re: what are tokens?
Post by: Abn on December 24, 2017, 06:42:03 AM
Is the unit of accounting in CryptA Capital's investment portfolio, the world's crypto money investment products. By buying / selling tokens, investors have invested or withdrawn their capital. The greater the number of tokens purchased, the greater the portion of assets an investor can have in his portfolio. The token value is calculated based on the total asset value of the investment portfolio on the day the fund is invested by the investor.


Title: Re: what are tokens?
Post by: Soksuci on December 24, 2017, 08:39:37 AM
Token are a coin that were created using a platform like ETH, NEO, etc.
Token = altcoin are the same, because altcoin is all other coin beside Bitcoin.


Title: Re: what are tokens?
Post by: Cryptoryx on December 24, 2017, 09:52:38 AM
This video explains what altcoins are :

https://www.cryptoryx.com/what-are-altcoins-icos/ (https://www.cryptoryx.com/what-are-altcoins-icos/)


Title: Re: what are tokens?
Post by: Londow on December 24, 2017, 04:03:32 PM
Token is an accounting unit that reflects the digital balance in an asset.


Title: Re: what are tokens?
Post by: ArcherTrashy on December 24, 2017, 08:16:45 PM
I see a lot of tokens are on top of erc20 & waves platform.
Will there be any token on top of bitcoin platform?


Title: Re: what are tokens?
Post by: rh154c0d3 on December 25, 2017, 05:11:01 AM
See theymos' Definition of tokens (https://bitcointalk.org/index.php?topic=2251834.0).
this one is the best answer for me. the definition been there for a long time. but I think I and some people asked for it and make a thread to ask it frequently. I hope there will be more important sticky thread about all of definitions that related to bitcoin or crypto world, or just said it as glossary, but the definition should be explained in simple way so newbie like me can understand it fast.
I've tried to use search button in this forum but not efficient because there are many threads on forum that use same word. So as a newbie, i really hope about more sticky important thread so it'll reduce thread repost.


Title: Re: what are tokens?
Post by: Eraldo Coil on December 25, 2017, 02:46:35 PM
Tokens and altcoins are similar in a way that they are both cryptocurrencies. But tokens are made from initial coin offerings and can be converted to altcoins. But unfortunately not all tokens will become altcoins.


Title: Re: what are tokens?
Post by: PaRiTyyy on December 26, 2017, 07:21:30 PM
hello!

what is the difference between tokens and altcoins? wich tokens are good to invest and how to get them?

Tokens are usually acquired through ICO's. They are on Ethereum network. Altcoins are usually based on BTC or ETC (SHA-256 and Scrypt).


Title: Re: what are tokens?
Post by: Vik_the_Carpentner on December 28, 2017, 04:28:35 PM
Special kind of an altcoin for exact ICO. You can exchange them on other tokens or on this platform usage / benefits.


Title: Re: what are tokens?
Post by: ambnet7 on January 02, 2018, 04:15:42 AM
I found this article when I was surfing the internet. Hope it will clear your doubts
https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/


Title: Re: what are tokens?
Post by: shaheer001 on January 02, 2018, 04:23:54 AM

m0gliE explain well the difference between token and coin. and thanks to share this topic as many newbie were confused and i am sure who read the topic and will definitely satisfied from the thread replies. for more detail i also read the following definition about token in this thread by sir theymos Administrator Legendary must read it .
https://bitcointalk.org/index.php?topic=2251834.0




Title: Re: what are tokens?
Post by: triciaa478 on January 02, 2018, 06:03:06 AM
Tokens are like IOU and it afford one to hold a share in a project that is about to launch or is seeking funds for further development and altcoins is the upgrade of a tokens when listed on an exchange. To get a good token to invest in depends on the research you your self put into finding out about a project and make your own judgement how the project is valued .


Title: Re: what are tokens?
Post by: btcbtq on January 02, 2018, 07:44:19 AM
They are actually same thing, but not all tokens become altcoins  :)
Tokens are offered through cryptocurrency initial coin offering (ICO) projects. Tokens become altcoins when they are traded on a cryptocurrency exchange.


Title: Re: what are tokens?
Post by: baghdatis1990 on January 02, 2018, 09:37:30 AM
     Tokens are assets used through an ICO project (initial coin offer). If they are later asked on the market, they will become altcoins.