Coin vs. Token - what would you use?

[shillberting]

I think tokens are easier in general and I lean towards using those but if the team and devs are proven trustworthy I have zero problems downloading a wallet as those are also quite easy to use as well.

[nesh1]

I would look at the price and also on how much i get from something because if i get 100 coins and 200000 tokens i would rather choose the tokens because quantity also means that you can make a lot of it if the price goes up in the future.

[max6575]

with the mutual cooperation with the developer from the campsie of new south wales, we should be glad to announce of service with the similar on functionality as the blockchain system of the ETH design.

the name of project is Scraptsy Mutuals as gathering partisan of the crypto finance field to gains with access to advantage as becoming subjects of the collateral relation of the world with the business on crypto finance.

[onrise]

I would look at the price and also on how much i get from something because if i get 100 coins and 200000 tokens i would rather choose the tokens because quantity also means that you can make a lot of it if the price goes up in the future.

Yes but also understand that when somebody gives this many token it is presumed that price would not make it big due t the various factors and thus a huge chunk of qty is given to looks attractive. but on other hand when small qty is given it has potential to grow so the originator may not spend much and would keep with himself.

[Lewoll]

Coins and tokens are just the same, it's just project organizers choose what they like to call it but for me I prefer tokens because it has a very close meaning for the currency. Just like when you're going to convert your coins into tokens in order to play a tekken game in the game zone so tokens are the only thing you can use exclusively inside the game zone.

[Uhde]

Tokens are easy. You can generate easily by using ethereum or waves platform. For coin you will need more time and it might be more complicated for you if you have no experience.

[ChinkyEyes]

I personally think we will be using both in the future. Coins for buying stuff and tokens for things like assets, insurance, healthcare, ownership and so on. I think in the future there will be tons of platforms with their own tokens and ecosystems, but there will be one or only a few coins with will be used as a payment to buy goods. At least in the near future I can see this happen, we will hopefully perfect this system over time.

[nodav]

I think personally myself a token is much easier to handle both for the token holder and for the issuer. This way you get time to focus more on your project. It all though depends on what you are doing and what you wish to achieve. In any case, I hope you find what is the best solution in your case and I voted for a token because I find it easy to store tokens myself, purely out of personal preferences.

And I agree. token are more easy and simpler. With coins  much fuss

[rube08]

Hey!

My team and me are currently planning a new project where we are internally discussing on whether using an own token or an own coin.
We are planning a project, where we and the users also should be able to use that coin/token on the website.
As both are usable and good, both have good and bad sides.

Coins (our favorite):
+ More easily usable in the platform/website
+ Fees cost only in the own currency/coin
+ No need for third party coins
+ We have enough experience to start with a Coin
- Each user needs a new wallet (not always! We work on a web wallet )

Token:
+ To buy/get and hold tokens is very easy
+ They already are easily usable in several wallet software
- Transactions need Ether/Gas
- Using them in a project would cost probably very much as each transaction costs something
- Implementing them into the website is a much bigger task
- We don't have enough experience yet
> Is maybe not even possible

To go more in detail, we want to make a project where users need to pay for certain actions, but also get rewards, each paid in our own currency.
We atm do not plan to make an ICO before, instead, we want to use a combination of the currently very popular airdrop and ICO combined.
Even as Token are useful in ICO, we tend to better use an own coin.

Thank you for participating in the poll!

It would depend on the type of coin/token that I would prefer. If it is a Junk coin, then I would pass.  Same thing for tokens, those are easily created with a few clicks and could be junk.  Now a token is only an asset of the company; to which the company can have potential.  I would invest in tokens if that were the case.  Now for a coin, it would need to be unique and different from the rest of the altcoins.  I would have to ask the questions, what makes this coin special and could it compete with bitcoin.

[khan149]

ICO — Initial Coin Offering — is a term created to describe the many bitcoin clones and other “coin” clones that erupted over the years. Bitcoin is basically a distributed ledger that performs best as digital money — a simple example of the power of decentralization

[BitcoinLoan]

For me better option are coins because they are easier to organise and using. I always using coins and i prefer them

[blacktux88]

im using cointokens
 

[kim93]

I am a new member for this field.I do not know the different between coins and token. Can someone explain me.?

[kryptqnick]

I think that installing a new wallet is really inconvenient but that's surely not the most serious point. I think that in case a coin is good and trusted (Dash, litecoin, ethereum, ZCash) I would go for a coin. Especially if it is generally cheaper like the op stated. Yet if the coin is new then it's better to use a token on a trusted coin, because I guess it's more dependent on the coin itself and at least it's easier to transfer between them, right?

[DosManos]

I love the payment old school POW coins..
i dont like to invest in tokens

[litmus]

I can't begin to answer on the the nuances on both approaches, but maybe if you'd like to explain what you know about both approaches ( to also educate us youngsters, which is really why you posted, right ) , I could definitely help you weigh the risks. ETH is sweet, and I have tokens and will be grateful for any more I get, but if you intend to act as an actively exchanged currency (hopefully in an instantaneous peer-to peer POS transaction, if so ) to replace "fiat" , then go with being a token.


And in the immortal words of every teen everywhere "why not both". Why not both indeed.

I don't understand enough yet, to know why you can't use be a mechanism that is fluid and interchangeable between the two approaches (with the right "backing currency"?). Or are they not the same thing, really?

Edit: re-reading this thread, I do understand the differences of the need for a wallet, and the thread went way deeper then I can offer ,  - I guess I hoping to hear what you decide, and why. Thanks (for not deleting this babble :0 )

[CryptoAlphaStar]

Both of course. Although, there will come times when you will be able to convert all the tokens in one another I guess, so I will use coins much less.

[bering]

i personally don't like to download the particular wallet because i have no to patience to wait the wallet finished sync and if the options only stick to the poll then i would like to choose Token, I don't like to download a new wallet software and apparently ETH based tokens is the best to starting it

[munareal]

I don't like downloading things because of viruses and malware. So I  go with the vote for token but when you really look at the situation from a developer's point of view coins  are more beneficial and cheaper to roll out

[Fakayode1]

I like tokens it's easy