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Author Topic: Token? vs Coin?  (Read 242 times)
asriloni
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January 03, 2020, 11:47:21 AM
 #21

bispex token BPX itself is built under the ethereum smart contract network ,various smart contract blockchain platforms like ethereum there are many mate you can explore including eos neo waves and others ,the difference between tokens and coin is quite clearly explained by friends community above
That's why the developer if the bispex called it as a token caused by bitspex is building on under ethereum platform as the main blockchain.
I think it's very easy to understand and some people above me have already provided the meaning of the coin and what's the differences of coin with token.
Token is an asset which can be considered as security at the same time as it doesn't have utility. It's really simple how to understand the definition of the token or asset.
coin is far better than asset but it backs again on the usability.

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January 03, 2020, 11:49:10 AM
 #22

Somehow it is more off a gimick than other thing imo

Perhaps one could think that "coin" are more official and its something like fiat
"Token" are more digital and it doesn't have the same elements like "coin"

Anyhow it really doesn't matter, it is just more off what does people prefer
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January 03, 2020, 12:59:40 PM
 #23

There are differences in peoples perspective towards coin and token but in real crypto use, they are the same.
Initially, mined digital values on blockchain were called coins. And anything working on the blockchain of another coin were called tokens.
But now this definition won't fulfill as many of previous tokens have turned into a coin, a hybrid or a coin changed to token.

Agree with what you say. Basically, coins and tokens are the same thing in crypto, which certainly distinguishes the two is the network. If coins usually have their own blockchain network, it is different from tokens that still depend on ethereum blockchain, for example. But I don't mind this, as long as the token or coin is good for me. Then I will still have.



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January 03, 2020, 01:14:00 PM
 #24

There are differences in peoples perspective towards coin and token but in real crypto use, they are the same.
Initially, mined digital values on blockchain were called coins. And anything working on the blockchain of another coin were called tokens.
But now this definition won't fulfill as many of previous tokens have turned into a coin, a hybrid or a coin changed to token.

Some great example of this are the ERC-20 tokens from the smartcontract by ethereum created by Vitalik. With this, they are using the same cryptographic scheme and blockchain to support easier transaction and exchange of the tokens. In terms of coins, these are the cryptocurrencies that we mainly see independent of the blockchain of another cryptocurrency such as bitcoin, EOS, and many other more that build up the development of the entire cryptocurrency space.
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January 03, 2020, 01:19:13 PM
 #25

Okay, the difference is if the coin has its own blockchain or can be called by building its own mainnet, and on some of these coin platforms you can build tokens, like ETH with ERC20 or TRON with TRC10 / TRC20, and many more. Tokens are generally made as adoptions such as a platform for buying and selling goods, exchange tokens, and many more. If the coins themselves focus more on technology and solutions / innovations, such as privacy coins on Monero, or transfer speeds on NANO coins. but it can be concluded easily, i.e. other than Bitcoin can be said as Altcoin (both Tokens / coins).

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January 03, 2020, 01:21:56 PM
 #26

Tokens are not reliable because scammers use them the most, coins are better because they are more demanding to build, tokens are mostly erc20 from ETH blockchain, I think coins are more reliable, too many shitcoins of crypto space are tokens

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January 03, 2020, 01:25:49 PM
 #27

But among several projects, BPX Token caught my attention because it is the only one with "Token"
What you should be looking is a token that have decent value thus an active trading even though this is just an airdrop. Though that's very rare now.

Quote
So what does it mean by "Token?" Other coins do not have that term though...
Let's put it simple,

coin - has its own blockchain
token - using the other blockchain eg. ethereum smart contract and many altcoins are ethereum based token.

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January 03, 2020, 01:28:28 PM
 #28

Tokens are not reliable because scammers use them the most, coins are better because they are more demanding to build, tokens are mostly erc20 from ETH blockchain, I think coins are more reliable, too many shitcoins of crypto space are tokens

tokens is also a kind of coin   .  tokens are more indemand than a normal crypto coin because they are easier to be made and less costy  .

indemand also because scamers uses them aside from those who uses it as pump and dump type of business   . normal crypto coins are reliable because they are more stable and less risky   . the winner would be coin for me   .  
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January 03, 2020, 01:29:09 PM
 #29

These days, i am looking at Digifinex which does a lot of airdrop promotion.

But among several projects, BPX Token caught my attention because it is the only one with "Token"

So what does it mean by "Token?" Other coins do not have that term though...
Token Meaning - token is created in smartcontract like erhereum and waves platform.  And also tokens don't have it's own blockchain.  
That's why this is called token,  and also coins have blockchain so that this is called coins.

And also like others says token is the easiest ways for scammers to create fake ico project. Because this is easy to create and scammers don't need enough money to run this illegal activities.
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January 03, 2020, 01:32:06 PM
 #30

In definition, coins are cryptocurrencies that have their own blockchain and having their own materials in order to exist in the crypto space. Meanwhile tokens are cryptocurrencies that used other blockchains and don't have their own materials like wallet and hash.

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