The difference between a coin and a token.

[Dormilon 2183]

13 minutes ago, hala123 said:

Hello my friend, before reading your article, I did not have enough knowledge about the difference between a coin and a token, but after reviewing the useful content in your article and reading the useful comments on the topic, I had a good idea about the difference between them, thank you.

@hala123 It should also be added that tokens are being used in the new, due to the fact that they run in the chain of another currency has given way to being used in smart contracts and farms where liquidity is provided to a certain token in exchange for rewards, very interesting go learning about the NTF and Las Farm, greetings.

[Ms.Layla 320]

I was also unaware of this difference. Thank you so much senior for such a influential post.  That's the reason I love working on this forum that all the seniors try to help out newbies and In this way we all get a lot of knowledge about new things happening around. 

[Mehboob 638]

Hello dear I hope you are doing very well thank you for sharing with us very useful information today I will know about the difference between cryptocurrency and token this is very useful information and now understood the main difference between this both

[Mohamad844 12]

Hello, my friends. 

Thank you for this useful topic. 

I'm new here, and I didn't know the difference between them.

I've benefited a lot.

You're great, members. 

I hope this forum will continue to give us more useful information

 

[Sajimalik 489]

I don't no difference between coin and token but you give good information and knowledgeable post to understand this difference and i think previously this are same and just they no crypto currency they called tokens.

[Tallest 376]

On 3/16/2021 at 7:29 AM, Abrar1122 said:

difference between coin and token is pretty simple and almost everyone in the cryptocurrency know about these two terms from the very start

Coin have it own personal blockchain while token are under another blockchain such a ethereum but they don't have much difference because they are use for same purpose and only there value differentiate the two currencies.

[Success06 537]

Tokens are rewards! You will be compensated in tokens for participating in activities such as trading coins on a few websites, referring friends, purchasing coins, and so on.However, coins are not rewards, but rather currencies, and when you need to exchange these two items, Coins to cash, but first to tokens, then to coins, and then to cash! As a result, you will be unable to convert it 

[Ali iskandr 600]

I did not know about this difference. I thought that the symbols are only indicative of a specific currency and that the coin is the one that we deal with.

[Mera sk 410]

Thank you, my friend, I know about this, but in my opinion, your method is somewhat complicated for beginners, so I would like to explain it in my own way that the cryptocurrency has its own Blockchin and the token works as Blockchin for another currency such as ETH

[Usama1122 249]

Your description was up to the mark we have learn alot from your post so thanks alot. I can now differentiate between a token and a coin.

[Shouq 709]

Thank you, my dear friend, for providing this useful explanation. It is very important for beginners to know what is the difference between a coin and the token, as I know that the token is a new currency that was recently issued and its value is weak.

[Ali iskandr 600]

2 hours ago, Babuni said:

Dear friend @Sofiya john @Ali iskandr @Alina42How much do you know about the platform, whether we know the difference between Sikhs or tokens. I think it is a very important question that most of the new members do not know what the difference is between tokens and tokens, so we think that all senior members are new members. I say I don't know anything about it. I request you to share your experience with us. Thank you. 

@Babuni

My friend, I wrote that I don’t know the difference between them. If I had any additional information, I would definitely share it with you 

[Miraa 654]

Nice information its really helpfull for biggers they need information like this . I think many of old people also need to read this topic . I think coin is official authority and tokes is unofficially lounched both are same value but different ways . Maybe i am right or not ?. 

[Trader21 1199]

 And so in sum, the simple explanation of the difference between coin vs. token is that a coin has its own blockchain, while a token doesn't. Another thing to note is that coins usually are used for 1 thing (payments), while tokens have various use cases, which can include payments but also other things

To tell the truth, it is from( google) 🙂 l have made some research to make something better for others to learn something. l hope it would be helpful to understand the difference between a coin and a token.

[Samiya2021 14]

Thanks for sharing important information about coins and tokens. What is the difference between a coin and a token? Because, I know that token is a new currency and its value is very low.

[Mohamedryad 287]

The difference in my opinion is that the currency has its own network. As for the token, it belongs to another network that is not sluggish, or this is the difference simply

[Saleena micky 685]

I know some informations about this field, but now I have a good ideas about it, and the coin has a specific price,and already listed in the market and we can find markets to exchange or trade them not like tokens, most of them are useless, so coins are the important now

[Nor88 202]

Very useful information. Thank you for this clarification. I could not distinguish between the currency and the symbol, but now the matter has become more understandable to me, but does this weaken the value of the symbol or negatively affect its continuity?

[Semaa55 257]

There is a big difference between a coin and a token
The token has a large and wide range of coins in determining many values
While coins are to buy and sell in our normal life

[Malik Abi 0]

This, in my opinion, is the difference: tokens are prizes! You will be rewarded in tokens for engaging in activities such as exchanging coins on a few platforms, recommending mates, buying coins, and so on. However, coins are not prizes, but rather currencies, and when you need to swap these two things, you can do so... Coins to gold, but first to tokens, then to coins, and then to cash!

[aloooosh 220]

Great post
I wish it would explain to us how the cryptocurrency was created and how it is adopted in the cryptocurrency markets .. I mean that if a cryptocurrency was created, how would it be present on a platform such as Yobit or others ..

[Crypto Eng. 1142]

In short, if the cryptocurrency is each currency that has its own blockchain network, then the token does not have its own blockchain network and relies on another technology such as the ERC20 smart contract.

[Kafi Khan 333 4]

Yep,there is lot of difference between the coins and the tokens.Both have their own significance.Coins have their own values like btc,ltc etc.In same way tokens are first listted in crime exchanges and then their values and prices are obtained.

[Raj Konna 0]

As far as i know, coins are those currency that we are using which is bitcoin, litecoin, dogecoin, and etc. while token is dependable to the other blockchain technology which mean there is now such big different between in coins and tokens because coins can be also a token. Did you get my point?  Sorry i'm not good in english. 

[Abraham Lingkon 8]

Yes, in short, the currency has its own blockchain system and the token are currencies that do not have their own blockchain and belong to another blockchain like the ERC20 of the Ethereum blockchain