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Author Topic: Difference between a coin and a Token?  (Read 324 times)
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SM23031997 (OP)
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September 30, 2017, 04:53:08 PM
 #1

After the inception of a new currency ethereum, which lead hundred of new ICO.
I'm totally unaware of it, how it works, what is behind it etc etc
Please help me understand the concept of a token, how does it arise? What is the benefit?
Don't hesitate to post a link where I can get all the information.

the thread is self-moderated, Please suggest a better section if it is not the right place.
Str1x
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September 30, 2017, 05:07:35 PM
 #2

After the inception of a new currency ethereum, which lead hundred of new ICO.
I'm totally unaware of it, how it works, what is behind it etc etc
Please help me understand the concept of a token, how does it arise? What is the benefit?
Don't hesitate to post a link where I can get all the information.

the thread is self-moderated, Please suggest a better section if it is not the right place.

I know you didn't want a link but here you go: https://medium.com/startup-grind/understanding-the-difference-between-coins-utility-tokens-and-tokenized-securities-a6522655fb91
1 search for difference coin and token got my hundreds of topics with the same question, but you can see that URL as starting point for further questions  Wink

mahessapap
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September 30, 2017, 05:14:40 PM
 #3

From my knowledge, Coins are separate currencies with their own separate blockchain and wallets., Token is issuable within coin platform like ethereum, waves etc and usually represent a piece of something. Here some refference;

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

Good luck!

xD
Michael-crypto
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September 30, 2017, 08:47:56 PM
 #4

Usually, tokens are built on a smart contract platform like Ethereum.

Coins, at the opposite, are independent currencies.
Quantex
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September 30, 2017, 09:03:12 PM
 #5

From my knowledge, Coins are separate currencies with their own separate blockchain and wallets., Token is issuable within coin platform like ethereum, waves etc and usually represent a piece of something. Here some refference;

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

Good luck!

This is the exact point of the difference between coins and tokens. Coins have their own systems like blockchains etc. Tokens are created and issued within a blockchain.

Tokens are generally ethereum ERC20 or waves type of things. Waves tokens are very weak since they can't be listed on exchanges. There is no trade volume for them.
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