Bitcoin Forum

Hello everyone! as i read through the coin market is saw that there's a different window for the token market and coin market which made me wonder if there's a  difference. Right now, EOS leads the tokens while BTC leads the coins. I hope someone could explain this to me simply.

Well, the token place on the market depends on ICO/start-up/project it's used in. Coin place on the market depends on coin's cap, hype, technology and possible environments it can be used in.

Well, For me, Token is an award or bounty given to us for joining campaigns, it usually depends on the ICO or for whatever project its used in. While Coins are usually place or traded in the market depending on its coins capacity, its hype or whatever it is being use or can be used to.

according to my knowledge Coins have their own blockchain chain for their functions.But tokens are build on another coins platform like ethereum,next,neo etc.lot of tokens build on Ethereum platform because of flexibility.

Fully agreed. Coins with own blockchains. Tokens - on platforms. It's conventional classification. How to get - bounty or buying is not important. It is qualitative difference!

Coin used for trading, Token used for getting some benefits from the exact platform or project. That's simple.  ;)

a crypto coin is  a coin, or means of payment, whilst a token has wider functionality. Simply put, Coin equals money token equals everything else. Coins are independent cryptocurrencies that do not require another platform to run, while Tokens are actually built on other platforms and they exist on that platform.

I also understand roughly the same. I just need to hunt for bounty and get a token or coin. Not interested in its technology.

An asset is being called tokens when it is under development or.it is in an ICO phase,commonly these tokens will be converted to a coin if the developers are ready to have a public sale or if it is going to be listed.in n exchange,it is almost the same thing with some differences,if.you bought your tokens in pre-ICO  and ICO sales you can get it converted to a coin if it.is listed in an exchange,and that is the main idea of tokens/coins.

As I understand, a coin is strictly a currency that can be traded, and accepted by people buying and selling things if those buyers and sellers choose to accept the coin. And a coin has its own blockchain as well.
But a token is something that can be built on another platform, like Ethereum based or ERC20 wallet (Myetherwallet) and a token actually plays role within the business operations and transactions of the company that issues it.

In my own perception the different between the words token and coins is that we called those things a token if this given to you a part of  your incentive or bonus being an appreciation to your contribution in there platform or fields and its is no contract address,symbol and decimal,while on the other hand we called its coin if there is an aggreement between the platform  and the exchange trading and have a contract address in the trading site,symbol and decimals.

Tokens are usually associated with the ERC-20 system.
Coin are usually built from scratch, they don't need to rely on Ethereum.

The biggest difference between coin and token is coins have their own blockchain but tokens develop on any other coins blockchain, like ERC-20 tokens, they develop on Ethereum blockchain.

Coins have their own blockchain, tokens are on platform.
For example Ethereum is a coin and on his blockchain we have many integrated tokens.

Ethereum is a coin and all Altcoins that is ERC20 are tokens because it is using Ethereum's Blockchain core and smart contract and the top token that has more value is EOS. EOS and other ERC20 will be called tokens and the core blockchain will be called coins like Ethereum, NEO, Ripple, Waves and other main core blockchain in the market.

I think that there is no big difference because Both are traded on exchanges and children are paid for Bounty of the company unless something Ten performs some of its more important role and the coin may not make sense

• Altcoins
Coins (Alternative cryptocurrency) They’re often used interchangeably. Altcoins usually simply refers to coins that are an alternative to Bitcoin. The majority of altcoins are a variant (fork) of Bitcoin, built using Bitcoin’s open-sourced, original protocol with changes to its underlying codes, therefore conceiving an entirely new coin with a different set of features.
• Tokens
Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!
• The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.

All coins have their own blockchain. Perhaps this is the only thing that distinguishes them from each other

Coin have there own blockchain and it is used in the market for trading.Tokens develop on any coin blockchain which we get as a reward for doing bounty campaign of the project.

maybe the coin is built from scratch by performing complex coding. while for tokens do not need to create new blockchain from scratch simply create a template from a blockchain eg ethereum platform, and the process can occur with the existence of smart contract. only limited seoerti that I have ever heard ..

Ethereum is a platform, with it’s own blockchain and Ethereum’s “coin” or better put currency is Ether. Ethereum is similar to Bitcoin in that Bitcoin also uses a blockchain data structure but has it’s own currency called Bitcoin.
A “token” by definition is a representation any fungible tradible good such as currency, loyalty points, gold certificates, in game items and more.

The idea of a token itself is niether exclusive to Ethereum nor any other platform. A token is really an abstraction. It represents that I own a underlying tradable asset.

Currently the Ethereum space is very hot with ICOs which are really token offerings. These tokens represent an exchange medium within the project. For example, Golem Project pays app developers who publish on the platform and CPU renters in GNT

Because GNT represents the internal medium of exchange in the golem project, people who want to participate in this ecosystem must have GNT.

If someone wants to buy GNT but only has ETH, they can offer to trade their currency ETH for my GNT at a price say 0.5ETH / GNT.

In a more real life example. You pay $2 at a pinball machine effectively exchanging your currency for 3 pin balls (tokens) to be used to play within the pinball game.

Tokens have a wider functionality than coins, which act as payment means. ICO, which releases tokens, usually has some special purpose for using them

A simple explanation based on what I understood is that most coins are still not in the market and is not yeat ready for trading. Which sometimes or mostly are used in payments of such transactions on ICO's. While coins are already established one with there own blockchains used also for tading purposes of which tokens might develop on during ICO.

i think the difference of these two is, tokens are made/creates under the smart contract of each blockchain which you can find to all decentralized flatform like Ethereum, waves and so on, while Coins is the main crypto of each blockchain like BTC, Ethereum, LTC, XMR and so on.

Haha it's almost always me everyday. Actually, I also regretted selling my pennies and it was x2, x3 for a short time. I know I was too hasty because of the money's draw. That is hardly anyone can resist. That deep, I draw a lot of experience and the best is still hold for a long time

Really good question, because most people think that there is no difference at all. But the difference is that coin have it's own Blockchain.

Coins are their own.
Tokens are a part of a ethereum platform.

For my own thought the difference between coins and tokens was the coins is allign already with bitcoin list in the coinmarketcap.As usual if we talked crypto coins the first thing that comes our mind is bitcoin.So my point is coins was directed from bitcoin.So for tokens most of ICO's now are not given coins for their compaign offering to us,because they give us token as our reward.And for me we can't directed the tokens to bitcoin because tokens was converted first to ethereum coin and then after that you can pass through for bitcoin convertion. I would say that in processing method the coin is much nearly to convert bitcoin than the tokens because this two was differs from converting to bitcoin.

Coins can be used as currency whereas tokens are used as utility tokens within the ecosystem or company and mostly tokens carry the definition of securites.

So think before invest twice or thrice .

Coins are like a medium of exchange, suppose if we have a coin either it could be a bitcoin or altcoin we can convert to fiat mode by means of exchange. Tokens like an asset or as you mentioned it is a utility, Tokens are typically considered a coin that is built upon another coin/platform. 

In general coins use their own blockchain associated with them. Tokens use another coins' backbone blockchain. But some people use token as rewards too. Coins generally have higher prices than tokens.

One of the best explanations that I have observed in a while for differentiating between a coin and a token in the crypto world. Initially, I admit that I was kind of confused regarding the difference between coins and tokens and never bothered to learn much about them until a while later. I learnt the difference between them through experienced members of this forum and I understood clearly that both coins and tokens may or may not be valuable, but coins are generally more valuable than tokens due to their separate blockchains and several other aspects which is why I tend to HODL both my coins and tokens for long term profits.

How many wrong answer's in this topic, most of you wrote even you don't understand what you talk about. There are couple good comments, and comments close to the truth but most of the comments in this topic have not logical. Is it so hard to open google and to type some basic words and you will find a tons of informations of any kind, don't trust first one, look on couple places, compare articles and make your own opinion. By looking this thread I understand its too hard for some people to do that.
 'The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.' From https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/ (https://masterthecrypto.com/differences-between-cryptocurrency-coins-and-tokens/)

Everything is very simple. Those projects that are based on a blockchain of some kind of platform are called tokens, and those projects that have their own blockbuster are called coins. As far as I know, it's all the difference that exists.

The difference between coins and tokens is that coins are actual cryptocurrencies which have their own blockchains and are created solely for a purpose whereas tokens are something that are derived from other coins. Tokens are created and run on other blockchains. For example: most of the ICOs these days create ERC20 token which are created in the Ethereum platform because of its flexibility. We can consider tokens as an essence of coins where coins have greater functionalities.

i totally agree with your anwser. if we are just the normal investors, we just need focus on the quality of the project. we dont need consider it is coin or token. as long as it can help us get profit.

Altcoins are usualy made on their own blockchain while tokens can use ERC20 for example with all existed pros and cons of the chosen platform. Coins are normaly used as a currency while there is a variety of ways to use them for example as a currency on the particular project or as a share or this project (sometimes both). Also while dealing with tokens the transactions fees are normaly payed in the currency of the platform (ETH for ERC20) while the altcoin fees are taken in the same altcoins. Altcoins can be splited into smaller parts, like 0.1 ETH while you can't seld less than 1 token.

The major difference factor between coins and tokens are coins are mostly established and have been in the market for some time and people already know about them,Whereas tokens are something,which different companies launches their projects as ICOs and they try to promote that soo more and more people gets involved in it by investing their money.Tokens are generally initial stage of the new coin.

The main difference between altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications.

Coins is mineable and has own blockchain so everyone can to mine it by self but token is premined that mean only their developer can to create it and these token use other blockchain, Tokens also are actually built on other third platforms and they exist on that platform.

Coins have their own blockchain, such as: Bitcoin, Ethereum, Litecoin, ...
While Token are born from another coin (platform coin, such as: Ethereum, Wave, Neo...). Tokens has not their own blockchain yet. Token usually used at ICO stage

Coins are build base from Bitcoin which has its own blockchain and you can mine while tokens are based in etherium platform that can be premine,means the developers can create this.

Exactly.
Tokens based on Ethereum platform are called ERC20

Agree tokens are available in ICO and should be distributed after token end sale. Coins are usually listed in coinmarketcap and that's the real deal of crypto traders they buy when the price is low. though the cheapest price the i've know is in ICO.

token place on the market depends on ICO .Coin place on the market depends on coin's cap, hype, technology and possible environments it can be used in.Tokens are usually associated with the ERC-20 system.Coin are usually built from scratch, they don't need to rely on Ethereum.

Coin: Coin represents coins, which can be divided into tiny units for the value of division. The Coin represents a "unit" dedicated to the infinite division of value, the most representative of which is bitcoin. The value of riding in bitcoins is what we call consensus.

Token: Pass card. If you want to join the various parties, you need the pass card, The Token is like the Pass card.

They are my own opinions or understanding.