What is the difference between token and Coin?

[thanh23021996]

I think the token is generally still a form of ERC20. It exists under the protection of Ethereum technology.
For a coin, it's a new step and they are transformed into a new platform separate from the ERC20

[kryptqnick]

Just a little I know on this one. Tokens are projects that do not on their own have a blockchain and might need to rely on the blockchain of another. So while coins have their own blockchain, tokens do not. I think this is basically it, or hopefully, someone gives a better reply than I already have, or you source for information somewhere else.

This is the correct answer. Coins are native fuel to their own blockchain. Tokens are orchestrated upon existing blockchains. BTC, LTC, ETH, BCH, XRP etc. etc. are coins. Tron, Augur, Binance Coin, and so on are tokens.

I would agree on that and also add that IMO tokens are usually representing something else as securities of a kind. ICOs mainly have tokens that allow to perform some part of their project or something and investing in it is like investing in the project itself. Coins, on the other hand, are more like the name 'cryptocurrency' suggests. They are used to pay for things (including payment to buy tokens).

I think the token is generally still a form of ERC20. It exists under the protection of Ethereum technology.
For a coin, it's a new step and they are transformed into a new platform separate from the ERC20

While most of tokens probably are the erc20 ones, there are some created on Waves, Neo and pure Ethereum, so the erc20 thing is always a token, but a token is not always built on erc20. Token is just dependent on any other platform.

Token and Coin actually have no difference at all.
In real world, a coin and token are interchangeable, though, coin often have a exchange value to currency while the token may or maynot.
But in virtual token and coin, they have no any difference at all and are used interchangeably.

They are indeed often confused, but I can't think of anyone saying 'bitcoin token' or 'ethereum token' when talking about these coins. At the same time, it seems more common to call tokens 'coins', because the latter sounds simply more general.

[chadtn]

To be honest, I think there is no certain classification.
Personally for me coins is the original tool, the blockchain projects, but the tokens it is their derivatives.

[sapnu]

I actually want to know difference between token and Coin.

Thank you.

There's a simple difference. Tokens are rewards or the amount of coins that one would receive as investment or bounty participant reward. While coin on the other hand are tokens listed in the market or in exchangers. This is how I undertand the two terms.

[irenegaming]

Usually it would take you 5 min to google the answer to this question, but I suppose that you are not very good with googling and in faith to provide a discussion in the forum I will answer, a token is a currency that is made on top of a blockchain and wallet already established, the best example of this are the ERC-20 tokens that are the ones that most ICOs use as a base to develop their tokens, and a coin is a currency with its own blockchain and wallet, is like creating a new crypto from scratch.

[dddudidd]

obviously things are very different, especially now that many projects use tokens no longer coins, for some reason, I think all project CEOs have their own reasons

[mutanu]

The coin is different in that it has its own chain of cuffs. Tokens do not have them and are based on the blocking of other coins. Such as eth, neo and others.

[gandame]

I think its all the same token and coins are the same only how to read it is the different from them. But mostly i think they have no difference between token and coins.