Difference between tokens and coins?

[blackmagical]

Coins have their own wallets, platform, some of them can be mined.
Tokens based on coins, cannot be mine, don't have their own platform or wallets

[rikybrosh]

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Token use other platform for operation. There are many token which use Eth or waves platform and there is a time of contracts which for eth is minimum contract period is 3 years. But coin operates in it blockchain it self, no contract period the coin will life forever.

[Findingnemo]

Tokens are powered by coins. Tokens do not have their own blockchain and its transaction fee should be on specific coins. Just like ERC20 tokens, they are all powered by Ethereum which is a coin right? Its transaction fee should be paid by ethereum. As far as I know, there is no staking in most of the tokens. Below are the full list of coins and tokens in coinmarketcap.

Tokens - https://coinmarketcap.com/tokens/views/all/

Coins - https://coinmarketcap.com/coins/views/all/

Thanks for helping me to understand about tokens and coins.But all I know is only ERC20 tokens is there other tokens are also available? And they are based on what coins other than ethereum

[Riddikulo]

I want to know what is the exact difference between tokens and coins or both of them are same.I do some research already but couldn’t get the clear idea so help me in understanding these guys.

Surely, all this information is very useful and good, especially for a newbie. You can also watch additionally the video on the YouTube channel: https://www.youtube.com/watch?v=c7TsIb8KyB8


This one is not bad at all also: https://www.youtube.com/watch?v=TTP9spSJgDY

[ChanLee]

Do you even search about it correctly ? So let make this simple, Coin have they own chain thats mean it have its own chain, token in other hand is like utility or assets that created on top that coin chain. For example we have Ethereum this is called coin anything created on ethereum smart contract will be named token.

Thanks for an understandable answer!
Why is everything created on ETH called coin in ICO? It should be called ITO.