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Author Topic: Difference between Coin and Token?  (Read 206 times)
Camus
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August 21, 2018, 07:00:07 PM
 #21

So, a Token cannot be mined, its creation is an organizational process. The coin can be minted. A token is a private monetary unit in a particular ecosystem. The coin has its own blockchain. A token is like a debt, and a Coin is a reward for mining.  Coins can be the basis for creating tokens, but tokens have more features.
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EHT7500
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August 21, 2018, 07:43:31 PM
 #22

Unlike the main crypto currency, the token does not have its own block-chain.
The volume of using the token is smaller than the crypto currency, since the token is originally an element of a closed ecosystem. In this respect, the crypto currency value can be compared with US dollars, and the token - for example, with metro markers.
Kilomans
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August 21, 2018, 07:45:44 PM
 #23

Token, unlike crypto currency, can be released not only decentrally but also under the management of one organization.
Although the crypto currency is intended for payments and transactions, the token has a much larger scope - it can be used to obtain services or purchase goods as a representation of a shareholder's share in a particular project as the basis for loyalty program, etc.
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