what is the difference between TOKEN and COIN

[Asber]

Hi all,

Can you explain?

Thanks in advance.

[richcorner100]

In my opinion Coin is cryptocurrency protocol that has its own blockchain, example: ETH,BTC,LTC. while token is an App that can be built on the top of that protocol and they are does not have own blockchain and use the blockchain of smart contract platform, example :GNT,GNO,OMG.

[Asber]

anybody

[DaddyMonsi]

Hi all,

Can you explain?

Thanks in advance.

For my understanding, Coin describes the clones created like Bitcoin, example is Ethereum, ZCash, Monero. Those coins can be mined as well like Bitcoin. Token are given to those who participates on projects that needs funding, example is SNC or SunContract project, if you contribute 1 Ethereum when the ICO is still on-going they will give you at least 11,000 SNC tokens. Anyone want to correct me on this because I maybe wrong.

[Proxik]

In my opinion coins are actually virtual currencies like Bitcoin, Zcash and Monero.

While platforms and other crypto are actually shares or tokens like Ethereum, Stratis, Blocknet, Neblio etc

[onesalt]

Maybe you need to check forum first: https://bitcointalk.org/index.php?topic=1824999.0

[AimHigh]

Hi all,

Can you explain?

Thanks in advance.

For me and for my own understanding coin is what we called cryptocurrency for example bitcoin, litecoin and so on and so for and the token i understand for that is special prize for those who qualified so that they called token and not all are qualified for that token some of signature campaign have a token but not at all.

[erox]

A token is a coin built on the basis of any of the coins ( such as tokens ERC20 Ethereum), and the coins have their own Protocol.

[kotajikikox]

Hi all,

Can you explain?

Thanks in advance.

For my understanding, Coin describes the clones created like Bitcoin, example is Ethereum, ZCash, Monero. Those coins can be mined as well like Bitcoin. Token are given to those who participates on projects that needs funding, example is SNC or SunContract project, if you contribute 1 Ethereum when the ICO is still on-going they will give you at least 11,000 SNC tokens. Anyone want to correct me on this because I maybe wrong.

i think i agree with your expalaination about the difference between TOKEN and COIN the ICO need to introduce to the public using the campaign to become valualable coins and to become one of the altcoins and token are convertable into the bitcoin according to his value.

[stripykitteh]

Hi all,

Can you explain?

Thanks in advance.

I don't really have a set definition when I call it a coin or just a regular token.
I guess that it depends on how operational the project is.

[marks1976]

Hi all,

Can you explain?

Thanks in advance.

Coin basically building on its own network and the assets build in the coin's platform of network, afaik the coin will be more useful rather than the asset because asset just a part from the platform or i'd liked to call that as the feature of the platform itself. You may know the different right now.

[Za1n]

I do not think there is an exact definition and many times the terms get used somewhat interchangeability. But I agree that in general "coin" is used for the representation of a blockchain based cryptocurrency such as Bitcoin, Litecoin, Ethereum, Zcash, etc., while "token" is used more often to represent something that is issued in an ICO offering such as OMG, EOS, etc. You will probably get dozens of different responses, especially when it comes down to the specific usages and semantics, but in general I think these loose definitions are accurate.

[yugyug]

The main difference between coins or altcoins and tokens is in their structure; altcoins are separate currencies with their own separate blockchain while tokens operates on top of a blockchain that facilitates the creation of decentralized applications. Most coins are mineable like ethereum, liteocoin, bitcoin, bitcoincash. Most ICOs are token based like ICOs for mining facilities to mine cryptocoins like ethereum,bch, monero, the share of profit of this miniing this coins are distributed thru their tokens equivalent to their ICO.

[decryptionary]

I do not think there is an exact definition and many times the terms get used somewhat interchangeability.

I agree with him. They are used interchangeably. If you're looking for more, I wrote really simple definitions on my website:
https://decryptionary.com/dictionary/token/
https://decryptionary.com/dictionary/coin/

Check it out, I hope it helps

[syaripudin]

what I know coin is a term for a virtual currency that we can use for a trade in other types of coins such as bitcoin ethereum bcc and many other types of coins and tokens is just like an application developed by a developer that is building a project that would later stand under another type of coin such as bitcoin and ethereum as the plaform of the token and currently many developers of a project are offering an investment on the token under construction and for the profit problem we can get from that investment is of course it depends on the project being built by a developer if it is a successful project of course we as investors will be able to get a profit that can on the investment we do on the token.

[h0lybyte]

Hi all,

Can you explain?

Thanks in advance.

In my theory, the digital coin is a virtual asset that we can trade with other coins like bitcoin and altcoin.
Coin can also be mined through hardware mining machines. Tokens are also virtual assets and considered a part of crypto economy.
The main difference between coin and token is that coins are mineable but tokens are not. Tokens run on ethereum network and can be stored in ERC20 supported wallet

[gesdan]

as i know that coin is have their own blockchain system on it, so they work standalone, its different from token, token as i know is a smart contracts, they work in ETH or Waves (the biggest smart contract as i know) so all token is work in their smart contract blockchain

[popoypalaboy03]

The main difference between coins and tokens is in their structure,coins are separate currencies with their own separate blockchain while tokens operate on top of a blockchain that facilitates the creation of decentralized applications. We have some big language barriers in this space we constantly use different words to mean different things! topic like this help clarify and define the words we use as an industry, this will get us all on the same page, reduce the number of critical failures, and speed up development of the digital currency industry.

[Bay_Harbour_Butcher]

Hi all,

Can you explain?

Thanks in advance.

I think the difference between coin and token is, coin can be in mining, like BTC, but token can be from ICO sale result when project fund raising.

[btcney]

Hi all,

Can you explain?

Thanks in advance.

Token is something that is hosted on a platform such as ethereum/waves/omni, etc. and is not a currency by itself. Basically, it is dependent on the foreign network to validate transactions and isn't actually a currency but rather an asset.

A coin is an independent blockchain. Like BTC, LTC, ETH.

Token examples include tether, omg, digixdao, etc.