What is a token ?

[Alex9876r 1408]

Tokens are currencies that have a price, market value, and liquidity in the market like any other underlying currency But the difference is first for the network you are working on, it may be hosted on a private blockchain network with a base currency and work on it like a coin talk

[Dark_Sky 8489]

Token is also a type of currency in cryptoworld and one good example of it is talktoken which is the payment for every content that we shared here and we can convert those in September. 

[kitekite24 4162]

A very good and informative explanation about what token really is my friend. I hope that everyone here in this forum truly knows what token is and for me I didn't know it very well but know that I've read this post and finish it reading I understand now what token is So my advice for the others here we must understand the whole content before we make a reply on it because we may just miss that important part of it.

[Projectcrypto 4382]

Token is a Cryptocurrency that that is created under another blockchain such as ethereum ERC20 and it plays a vital role in accomplishment of transaction between business partners. A token is just piece of stamped metal used as a substitute for Fiat(money) ; a voucher that can be exchanged for goods and services in some developed countries.

[Virgil dijk 1431]

Token has a slight difference with coin, coins has its own Blockchain while a token doesn't have rather it depends on a coin blockchain, so you can say token is a cryptocurrency that runs on another coin's Blockchain.

[Dorjoy12 8962]

On 4/1/2020 at 7:59 PM, Wilmer Garcia said:

One of the words we see most in the world of cryptocurrencies is the word token. The reason behind this is that these are fundamental part of the nature of cryptocurrencies

@Wilmer Garcia as far as i know, token is a especial  kind of virtual currency which effect is same as crypto currency but there has different Between token and that is token reside on their own blockchain     and represent an asset or utility...also you need to know most often they are used  for fundraise  crowed sell  but it lead them stable in crypto world for its demand next..  

[NISHAM KTR 355]

I think tokens are a type of cryptocurrency that represent an asset or specific use and reside on their blockchain. Created through an initial coin offering (ICO) ,cryptotokens are often used to raise funds for crowd sale. 

 

 

             🖤🖤DROP ME ON HEARTFUL REACTIONS❤❤

[Haripriya P 32]

Your information is very good and valuable it will guide the newbies very well rather than searching Google and getting random answers this answer ia straight to the point and clears every doubt

[Pathakayush 213]

I am sorry I don't have any knowledge about this but I will come back sure in this post after learning about this token.

[Mark wood 2970]

There are different tokens which have their specific values you can earn from different sites different tokens which you can change to Bitcoin you can invest these tokens and earn percentage from the specific tokens I hope you got the point which I share ..

[Marks33 535]

Token has No blockchain of it own it only run in other coins blockchain. An example of token ERC20 which is using ethereum blochchain. Some of the tokens are just scam.

Edited September 21, 2020 by Marks33

[Alimhana930 1605]

It is a currency that is created based on the blockchain network that we already exist and is not created on its own network And sometimes a token is offered without a blockchain network in the first place and therefore do not have a project and the goal of it is to trade only like Yoda and dice.

[kryptonick 2659]

You described token very well but an easier explanation is that they are code as coins but they do not have a blockchain. They use other blockchains as Ethereum and are coded in the form of smart contracts. This is what a token is simply put it. So we have coins and tokens that are both cryptocurrencies.

[Shaheer16 908]

Crypto token is a cryptocurrency which represent a crypto coin. Token has a low value but not the same value as coin have. 

Crypto tokens don't have its own blockchain, it uses other coins blockchain like ethereum. 

The best token is also created under the ethereum network ERC20. 

[peter55 459]

Yes, this is a known matter that there are many platforms and wallets that have their own Token.  It is not recognized in the blockchain and you cannot sell it outside of this platform that issued this token.  Such as Coinpot Wallet and others.  The platform controls the source currency of its rates.

[jack23456 81]

Tokens may also be for some reason just like money inside crypto stock markets. The key variation will be in which money provides their particular blockchain yet tokens don't possess.

[Mella 3680]

I am thank you for the explain because I am wonder about the difference and I was thing that the token and the coin are the same and one not different. You are gave a very good explain and now I know that it is very practical because in the casino the chips are only for the use inside and I am not buy with these anything outside of the casino. This is make the matter clear for me.

[Zeshan Khalid 2577]

This information have explained me about the value and usage of token quite well. I didn't had enough knowledge and I was trying to trade in TALK tokens and wondering why its not working

[Nicole018 4548]

I see there is a major difference in the meaning of coins and tokens. Coins such as cryptocurrencies, bit coins and casino chips as per your example, can be traded for value, that is the users receive payment for the same. Where as if you take token, it doesn't have a legal value. Thank you for this information.

[Guroo0 47]

Tokens are the auxiliary alternative of the monetary standards. As the tokens can't be said as the monetary standards however it has a great deal of significant worth in the crypto market. Individuals love to exchange with tokens moreover. Not all the tokens are renowned but rather a significant number are very fascinating to think about. Now and then these tokens are really analyzed as significant as the coins. Yet, these are not monetary standards but rather it is an aspect of the monetary standards.

[Michaelx018 0]

you have conveyed a complex topic in a really simple way by bringing a casino as an example .you have a good ability to explain the things. I have only e learning about token at its face value and have never DeePly looked at it.

Edited September 25, 2020 by Michaelx018

[nykas 2812]

There is not bad explanation of tokens and how it works, but after reading it some inexperienced can think that tokens is something unreal or it's deception, where they can lose money. It's not correctly. Tokens are quite different and they can be used in different spheres depending on project 

[Ritadom 9]

Different meaning of tokens are there and they all mean the same and tokens can also be put in the same category of value as other coins in the digital currency and tokens have really grown over the years and we should even anticipate for more growth 

[Fixfin 2569]

Very nice review of what tokens are. Some projects when they create their network they switch or swap their tokens to coins like EOS and Tron did and they are now have blockchains that support the creation of other tokens.

[duncun007 3577]

thats a pretty weird way to describe a token, almost making it look like a scam lol, tokens are just coins that are based on etheruem blockchain, just like all those ICO's back in 2017.