What is a token ?

[Rawad933 159]

A token is simply a blockchain-based cryptocurrency, another cryptocurrency, if you have in mind what a blockchain is, search engines are waiting for you

[cryptovlek 2597]

This was a little difficult with some terms you found but made me understand better what a token is and that it can has legal status too although regulations in all countries do not treat tokens different from coins. Very good explanation though and thank you very much for this great post you made.

[Zafarwaheed 0]

I think there are some different between the tokens and coin. But the tokens may be performed at the good exchange level. And there are more opportunities to earn. But the coin like Bitcoin is also a good . Also yobit investbox is the key for traders and the investors. But it's value is un stable . Now a days it's market is low due to covid_19 . But soon it will flourish.

[Viscount 1357]

I think that you're using the wrong analogy for explaining and comparing token and coins. Based on what other said here in this thread, we can say that Bitcoin is the coin and BitcoinCash, BitcoinBlack, BitcoinGold, and more are tokens. Forks of a coin are what the tokens are.

[Pathakayush 213]

Just like every cryptocurrency have coins so tokens are also some kind of coins which runs on some other blockchain it doesn't have it's own block chain.

[Mcd0d0 5882]

On 4/1/2020 at 10:41 PM, rekter said:

Let me correct you. In context of cryptocurrecies, tokens are nothing like coins. They are build top of other coins that have their own blockchains like ETH and result is that tokens don't have their own blockchains, they are just using in the same ecosystem (or blockchain) they were issued in.

For my own words, they called it token at first because this is just newly released, and afterwards when this token will be released and many people are now being supporting it, it may be called as a coin, example of this is the talk token, at first it called a token but when this token released, it may called as a coin.

[Digital 387]

On 4/1/2020 at 3:41 PM, rekter said:

Let me correct you. In context of cryptocurrecies, tokens are nothing like coins. They are build top of other coins that have their own blockchains like ETH and result is that tokens don't have their own blockchains, they are just using in the same ecosystem (or blockchain) they were issued in.

You are correct tokens are not coins but they are build on top of other coin but they used thesame ecosystem as other coin .

[Moira Jaa 83]

I always think about how token works. Now I'm everything about tokens now. Based on Etherouem Blockcens, only currency that is similar to all ICO in 2017.

[Rajeevgorai 95]

Thank you very much for sharing this information as i am really very confused between a token and a coin or currency. It helped me alot. Thanks 

[yonkii 3205]

Very informative post and I thank you for the deep knowledge you offered. I loved the example and this made me understand something more although I've never been to a casino as these are for older people. I'm loving the forum for this knowledge that it offers and I'm very happy to learn so much in such a short time span. I think that the learning curve is long but very steep so we are going to become from beginners to experts in a few months. The coin for what I see it has a blockchain and the token does not, but I've also read in another post that tokens can become coins too! I have this question though, can a coin become a token?

[jack23456 81]

the token will vary through cash upon a few qualities, there are several token probabilities is detailed upon great trade however Gold the coin is detailed let us required instance associated with yobit, years old is Gold coin, as well as Yoda, is token.

[Louis Mohammed 0]

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.

 

[annayks 2314]

A token can be used in a website too or be a game token that fuels a game economy just like the WoW gold or Steam dollars. These are tokens too but can only be traded inside the platforms. We have tokens that can be traded anywhere not only inside a casino. The tokens we have can be used anywhere and traded with our wallets or in exchanges.

[P A Ashif 2409]

Well I was thinking that to have a crypto of my own. Then I was searching in in cryptotalk about how to have a crypto of my own. And I learned that token do not have a blockchain of it's own. It is listed on others block chain. Ethereum, Bitcoin have it's own blockchain. Talk is a token. So cryptotalk is giving both coin and token. Many faucet websites have it's own token.

[Chandan Mandal 332]

Token are different from coins so its properties are also different but the purpose is same they are used to exchange and get money and for a purpose it exchanged with the money

[minoooo5 76]

According to my experience Tokens Volatile in price You can buy a quantity of Tokens After a few days the price drops dramatically The opposite of cryptocurrencies like Bitcoin Whose price is relatively stable

[oussama23 120]

a token is an object that represents something else, such as another object (either physical or virtual), or an abstract concept as

[diegoalcalam 42]

What is a token
‍A token is a physical or digital object that has value in a certain context or for a certain community, although its own materiality does not contain that value in itself.

Casino chips, for example, are just different colored pieces of plastic, but they represent amounts of money. Some, up to millions of dollars, although one of them costs only pennies to manufacture.

That's what tokens do: they represent something else, they are in place. Why? There are many reasons: comfort, safety, ease of transporting or transferring them.

In the crypto world, tokens are generated from pieces of programming code, in the form of smart contracts that run on the blockchain. The smart contract describes how each token works. The database keeps track of how many each person has. And users can send them to each other as a way to transfer value.

[koynayak 1923]

thans for the informations i learn new things everyday

[Danitalk 160]

Totally in accordance with your definition, friend, the difference between cryptocurrency and token is very clear and that is that the token has been a token with no legal tender value but with a value from where it was created.

[Zeshan Khalid 2577]

Tokens have no legal value but they can be used to earn online currency if they have demand during trade it means that they have their value only on a specific forum that too if people are interested in purchasing them

[Joe510 28]

A token is a digital asset that live on an existing blockchain and can be used for a couple of things, it is totally different from a coin which exist on its own standalone blockchain.

[kirillggwp 42]

Токен ,с какогото языка переводится как монета, тоесть токен это монета , монету которую можно обменять на другие монеты(токены) и есть токен.

[JajaTata 9]

This is a unit of account that is not available in a cryptocurrency, designed to represent the digital balance in some asset, in other words, performing the function of a "substitute for securities" in the digital world

[Franklin Guerrero 66]

Tokens are digital assets that can be used within the ecosystem of a given project. The difference between tokens and cryptocurrencies is that the former require another (non-own) blockchain platform to work.