Token? vs Coin?

[aosis]

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...

[1714776977]

1714776977

[Roller.Today]

In numismatics, token coins or trade tokens are coin-like objects used instead of coins. The field of token coins is part of exonumia and token coins are token money. Tokens have a denomination either shown or implied by size, color or shape. "Tokens" are often made of cheaper metals: copper, pewter, aluminium, brass and tin were commonly used, while bakelite, leather, porcelain, and other less durable materials are also known.[citation needed]

A key point of difference between a token coin and a legal tender coin is that the latter is issued by a governmental authority and is freely exchangeable for goods. However, a token coin typically has a much more limited use and is often issued by a private company, group, association or individual. In the case of "currency tokens" issued by a company but also recognized by the state there is a convergence between tokens and currency.[citation needed]

Source: https://en.wikipedia.org/wiki/Token_coin

[CryptoVzla]

what is diffrent between token & coin?

Token is cryptocurrency is running with coin chain like ethereum chain, Waves chain , Trx chain and much more chain that allow you to issued any new currencies without coding the genesis hash
that crypto who running on coin chain platform, people call it token

While coin is when Cryptocurrencies that having own explorer & wallet , and genesis hash,
there is many type of coin and one of them are PoW ( Proof of Work ) & Pos ( Proof of take)

[Lagduf]

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...

The token is just like an asset of the platform. I just think the token must be built on the platform which is pegged to the main platform. i just called that as an asset rather than token. The majorities of assets can be considered as token too because it has already issued through the smartcontract that used coin as the requirement to create a contract to issue the token.
In cryptocurrency, coin means a native asset of the parent blockchain that runs on its own blockchain.

[zhekinsp]

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...

There are numerous tokens available on the market already,token is something which uses other coin's blockchain but if something need to be called as coin then it should hae own blockchain.

[Doell]

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

[FireBallex]

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...

You shouldn't fall in love for the word 'token' and tokens are build from ETH smart contract blockchain called erc20, they are very cheap to build and ninety nine percent of tokens are scam projects, i hope you've done research on the project? If not please do

[bassbity]

Indeed tokens and coins have different performance which I know tokens are widely used in their projects that are built from the ethereum blockchain network "erc20" and that is easy to make for a project or you want to make your own tokens.
Whereas coins have their own blockhains and I don't yet understand how to make their own wallets and those crypto experts do.

[mindrust]

Tokens are usually pegged to some FIAT currency (like USDT) or they are start-up shares.

The most famous FIAT/asset-backed token is USDT (tether) is being issued by bitfinex. As you guessed the token is only as good as its issuer. So you have to trust bitfinex and cannot really know if  the USDT token they release is actually backed by something.

If you'd ask me my own thoughs, I'd say stay away from tokens as much as possible. It is because they require trust to work. Tether comes in handy in various situations, I can't deny but I wouldn't hold it for long.

[Mihaylovic]

well. if you compare them according to price potential? tokens are mostly based on ethereum blockchain and they are mostly erc20 tokens. there are some of them with good potential and can raise up because of its usages.

[ahmia39]

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...

A token is a digital asset issued by a project that can be used as a payment instrument in the project ecosystem.
I took the reference from this site: https://digitalis.id/blog/perbarison-coin-vs-token-cryptocurrency-and-relations-with-blockchain/

[gabmen]

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...

A token is a digital asset issued by a project that can be used as a payment instrument in the project ecosystem.
I took the reference from this site: https://digitalis.id/blog/perbarison-coin-vs-token-cryptocurrency-and-relations-with-blockchain/

To put it simply, it doesn't have any actual value yet. Most of them are not in any exchange sites and personally, i think it's a gamble if you get yourself paid in tokens for bounties and services that you offer. Though it's likelier that these tokens would have higher spikes and amount movement once they get in on an exchange site compared to coins that already have value. Again as i've said, i think it's a gamble.

[fuer44]

what I know is that the token is under the coin. so altcoin consists of large coins such as etherum, litecoin, ripple, doge, xlm, while tokens also include altcoin but still below the coin. call it tokens use smart contract coins such as etherum, waves, xlm, and many more.

[watergold]

what I know is that the token is under the coin. so altcoin consists of large coins such as etherum, litecoin, ripple, doge, xlm, while tokens also include altcoin but still below the coin. call it tokens use smart contract coins such as etherum, waves, xlm, and many more.

Why do most investors choose coins to invest compared to tokens because tokens are still below the coins and most tokens become shitcoin.
And the difference in tokens is only using the ethereum blockchain and it's still under Ethereum so I like coins compared to tokens.

[piebeyb]

tokens are usually centered on the blockchain on coins like ETH, TRX, EOS, XLM and what I just know is tomochain, they are centered on that coin, but if Altcoin is a coin that is independent of the blockchain itself, I'm usually more interested in coins that use the blockchain itself is better than tokens, tokens are easy to make and can be distributed for free maybe digifinex is promoting a token that will be listed there

[Dickiy]

a token is a cryptocurrency digital currency that is bound to a contract on a particular coin because they do not have their own blockchain system but when the tokens have a very good development they will build their own blockchain then they will replace their coin algorithm usually with swap tokens

[passwordnow]

I've searched a bit about BPX token and I've seen that it's explorer is on etherscan.io so which means that it's running on Ethereum's network/chain which makes it eligible to be called as a token.

Why do most investors choose coins to invest compared to tokens because tokens are still below the coins and most tokens become shitcoin.
And the difference in tokens is only using the ethereum blockchain and it's still under Ethereum so I like coins compared to tokens.

Not only Ethereum chain but also other coins chain such as BNB, TRX, EOS and other chains that can be used depending on the choice of the developer. It became a popular choice for most altcoins to choose coins rather than tokens but it's not the case most of the time.

[joseyphil82]

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...

If airdrop token is from digifinex then you don't need to worry yourself, you can receive or withdraw the token to your ETH wallet address because tokens are created using ETH smart contract

[Rodeo02]

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 is the one created using ethereum platform or any other platform like waves that you can create your own tokens. The difference is coins have thier own blockchain .
There are many  types of token already in the market not only BPX.

[tsaroz]

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.