What is a token ?

[Alex535678987654 12]

Токен-это не криптовалютная единица счета, предназначенная для представления цифрового баланса в активе, другими словами, он служит "заменой ценных бумаг" в цифровом мире. Токены представляют собой запись в реестре, распределенную по блокчейн-цепочке.

[abderrazek1980 32]

 

أتمنى أن يكون للعملة فائدة وقيمة كبيرة

[JhoserLG 25]

The token is a unit of a minimum value compared to cryptocurrencies, which launches a project or company in the digital market.

[hassan7951 25]

A token is a digital asset issued and exchangeable on a blockchain, which can be created by any Internet user, and like a cryptocurrency, it can be transferred over the Internet without peer-to-peer duplication.

[LUISAHG. 49]

On 9/19/2020 at 9:44 PM, Virgil dijk said:

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.

If the price of Bitcoin improves. I am one hundred percent sure. That the most restrictive countries of Bitcoin, will begin to look at the Bitcoin differently. and they will change their minds ...

[Domoz 17]

Token are those which don't have their own blockchain they just created with the  help of others blockchain, the example of token are like erc 20 supported coin

[LUISAHG. 49]

On 9/25/2020 at 4:15 AM, Mella said:

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.

I understand this way and that they correct me if I am wrong. Tokens are the children of coins. Example Bicoin and the thread becomes BCH. That is not like that...

[galataapustina 36]

I see there is a significant contrast in the importance of coins and tokens. Coins, for example, digital forms of money, bit coins and gambling club chips according to your model, can be exchanged for esteem, that is the clients get installment for the equivalent. Where as though you take token, it doesn't have a legitimate worth. Much obliged to you for this data.

[Hunterdakka 25]

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.

Thanks for these valuable information, that mean to more things. 

[Numpad 28]

Token is any unit of cryptocurrency. We can speak instead of 166 bitcoins, 166 tokens, meaning bitcoins by them. This word is established in the company of cryptocurrencies.

[bladexx 63]

Excellent way to explain it, my friend. When I started in the world of crypto currency I didn't really understand the difference, and while doing research I could understand the differences between token and crypto currency.

[prabesh2058 171]

I think crypto tokens are one of the nicest concept in cryptocurrency world.

they functions on the crypto coin network and most of them are erc20 roken which are based on ehereum blockchain.

Its profitable to invest in few cryptocurrency tokens.But most of the tokens are related to specific works such as basic attention token(BAT) distributed by brave browser to pay their users.

[Maaz sultan 265]

In crypto we see lots of crypto coins and tokens but these two are basically different from the base, first crypto coin is directly developed on blockchain technology and we say tokens called those crypto currencies which developed on the base of any other cryptocoin like erc20 developed on ethereum also the new youc token is also developed on ethereum and its a ERC20 token .

[Javier Alvarez 111]

A Token is the denomination that is given to a unit of cryptocurrency, normally it refers to the new coins that are going to be launched in the market which do not have a real value, it is called that to the cryptocurrencies that are going to be distributed in an airdrop for being a little known currency

[TimopheyKa 3900]

On the Internet, you can find a lot of information about the terminology of the word "token". Some people consider it a crypto asset, some consider it a full-fledged valuable stock, and some just say that it is an ordinary cryptocurrency.

If you combine all this into one definition and put it in simple words, it turns out that a token is a kind of digitized copy of a valuable asset placed in the Blockchain system, which, in turn, provides its owner with certain opportunities. For example, a person can pay with these tokens inside the system for goods or services provided by a particular Blockchain company that issued this digital promotion. Moreover, Blockchain technology is very important here. It will completely secure all possible transactions for each party, reducing the possibility of fraud to zero.
By the way, it is because of this popular technology of the future that so many different ICO projects have now appeared, whose business ideas are aimed at developing decentralization and building a Blockchain structure.

[nishad1234 20]

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.

 

Tokens are objects similar to coins, but unlike the latter, tokens lack legal course value.

You've probably already given up on an idea that it's a token after reading this short definition. But let's make this a little more practical. Let's take casino tokens as an example. Think about it a little bit, a casino chip has no value on the street. With them you can't buy anything in any store, nor can you pay anything outside the casino. This is because casino chips lack legal course value.

And in this "legal course value" thing is the trick. The concept of legal course value, refers to what we use to pay, is widely accepted and is legally admissible as a means of payment. The currencies of countries, such as the dollar or the euro, are tokens that have legal course value. But not a casino token. That's why you can't use them to pay for things in stores.

However, casino chips can be exchanged for legal money, at the casino that issued them. This is the casino accepts that the chips have a value and will pay you that value in legal tender.

 

 

Crypto 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), crypto tokens are often used to raise funds for crowd sales.

[TaYsoN 25]

One of the terms of daily use in the crypto world is the token, an anglicism that in Spanish we could translate as token. And although in the environment of cryptoactive technology, tokens have defined characteristics, they are often confused with cryptocurrencies and even both words are used interchangeably as synonyms. This imprecision comes from the fact that both words describe units of value of a blockchain.

Although the concept of token or token has become popular in the digital medium, its origin is found in the physical world. There are very old tokens, such as those used by landowners to pay peons for their work in the late 19th century. These tokens were pieces similar to a coin, exchangeable for merchandise and supplies in the landlord's own stores, but they had no value outside the hacienda. Currently, the use of physical tokens persists in various contexts. Such is the case in casinos, where pieces are used that are assigned an economic value and can be exchanged for money. I hope it will serve you partner.
Greetings and good luck with the hunt.

[david51 44]

token is a new type of crypto that  does not have its own blockchain like bitcoin. it use other platforms blockchain and most of them has good trading .

Edited October 11, 2020 by david51

[Bila1980 0]

Tokens are programmable digital units of value that are recorded on a distributed ledger protocol such as a blockchain. Tokens do not have their own blockchain but depend or exist on an existing blockchain. Tokens may represent fungible or infungible units of value in the form of money, coins, points, digital items, or representations of real-world physical items and rights.

[Junaid8278 60]

In the early stages coins came in a token. Token means early stage of cryptocurrency. When someone launches coin they distribute in a token form. When coin listed in a exchange. You can easily transfer your token to exchange and withdraw it.

[isther69 521]

Cryptographic digital tokens are the same as a classic token.
However, cryptographic digital tokens have something that traditional tokens do not, they work using blockchain technology.

[delancer 29]

Most often, this is a physical device that has a set of parameters for easy identification of the device user.

[FeDa2110 76]

It is a unit of value. It is usually issued by fintech startups or related to the use of a blockchain, for which it represents an asset or a utility. It is often confused with cryptocurrencies since its value is accepted by a community and that it exists on a blockchain, but it has more uses since it can represent any fungible and negotiable asset.
They are created on the protocol of an existing cryptocurrency in a certain blockchain. The emergence of smart contract technology created by Ethereum developers means that today many projects have chosen this network to create their tokens.
They are commonly distributed through an Initial Coin Offering or ICO. ICOS are a form of collective financing (crowdfunding), where projects capture fiat money or cryptocurrencies for its development, from interested investors, who in return receive tokens that will have a utility or value within the project.

[Marcelo David 64]

Cryptographic tokens, which are also called crypto assets, are special types of virtual currency tokens that reside on their own blockchains and represent an asset or utility. Most of the time, they are used to raise money for group sales, but they can also be used as a substitute for other things.

For example, you can have a crypto token that represents x number of customer loyalty points on a blockchain that is used to manage such details for a retail chain. There may be another crypto token that entitles the token holder to view 10 hours of streaming content on a video sharing blockchain. Another crypto token can even represent other cryptocurrencies, such as a crypto token that is equal to 15 bitcoins on a particular blockchain. These cryptographic tokens are negotiable and transferable between the various participants of the blockchain.

In essence, cryptocurrencies and altcoins are specific virtual currencies that have their own dedicated blockchains and are used primarily as a medium for digital payments. On the other hand, cryptographic tokens operate on a blockchain that acts as a means for the creation and execution of decentralized applications and smart contracts, and the tokens are used to facilitate transactions.

[cristina5 27]

A token is a currency based on the network of a cryptocurrency, that is, a cryptocurrency within another cryptocurrency, with the difference that these are used only within said platforms, either to trade or to increase the financial security of said network,  an example would be the ethereun network that has multiple tokens.