Difference between Tokens and Coins?

[rafter_01]

Morning,

Can someone please kindly tell what the difference is?

I purchased some Electroneum tokens but what would I do with them? How would I get coins?

Are they more valuable than coins?

Cheers

[Xexen4]

generally coins are mineble and tokens/assets created at the beginning and their circulating supply never changes. total amount of tokens never changes

[rafter_01]

whats the benefits of getting tokens before the coins become available?

[Blakscorpion]

1. Coins or Cryptocurrencies
These are digital currencies like Bitcoin in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. They are operating independently of a central bank.

Soon every fiat currency may become a cryptocurrency, in that case operating with central banks. This is what Singapore has started with their Ubin project.


2. Utility tokens

The utility tokens are services or units of services that can be purchased. As describes in Balaji S. Srinivasan post, these tokens can be compared to API keys, used to access the service.


Source : https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91

[EzraSanders]

Morning,

Can someone please kindly tell what the difference is?

I purchased some Electroneum tokens but what would I do with them? How would I get coins?

Are they more valuable than coins?

Cheers

"Coins" are used for payment, usually mint-able; "Tokens" are properties like stock of a company, though technically they are the same. You can go to some exchanges which list your token for trading. If it is not listed, you can trade it over-the-counter with someone else or keep it as a share of the start-up you invested.

[rafter_01]

Morning,

Can someone please kindly tell what the difference is?

I purchased some Electroneum tokens but what would I do with them? How would I get coins?

Are they more valuable than coins?

Cheers

"Coins" are used for payment, usually mint-able; "Tokens" are properties like stock of a company, though technically they are the same. You can go to some exchanges which list your token for trading. If it is not listed, you can trade it over-the-counter with someone else or keep it as a share of the start-up you invested.

oh okay, excellent. I have got electroneum tokens so hoping they do well.

[langaw2018]

Morning,

Can someone please kindly tell what the difference is?

I purchased some Electroneum tokens but what would I do with them? How would I get coins?

Are they more valuable than coins?

Cheers

I prefer coins because coins have their own blockchain network. Whereas tokens do not have their own blockchain network. That's why coins have more value than tokens.

[Gabri]

to begin with, the coins have their own wallet, besides, as a rule, they can be mined by mining. And tokens are more like securities. For example the stock of Microsoft Corporation are the token of the us dollar.

[oxoxoxox]

The main function of the token is to "exchange" and redeem the product or coin corresponding to it!
The main purpose of coins is to pay! This is the biggest difference!

[LooBaao]

Coins are exchanged and tokens are unspent coins and they are in the ICO period. That's the difference between tokens and coins, but let's give you some ideas

[imopogicute]

Coin is used for payments method , while token is for exchanging to get some coins. My best advice it is better to hold or keep tokens then wait until the value of the coins risen so it will be worth changing.

[soundrum]

Tokens are cryptocurrencies that doesn’t have their blockchain why coins are cryptocurrencies with their blockchain. Examples of tokens are ERC2O tokens on Ethereum blockchain, Stellar token, wave token and so on.