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Coins vs Tokens

  • Thread starter Thread starter Suba
  • Start date Start date

Suba

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Often we are confused to distinguish between coins and tokens,
we can make the wrong investment, in your opinion, How do you distinguish between coins and tokens?
 
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The token is for ICO however coins are cryptocurrencies, for example, you buy tokens with Metatask to participate in ICO before release but after release, it becomes a coin.
 
I once read that the differentiating factor is about having a blockchain.
A coin has its own blockchain, like Bitcoin and doge while a token relies on another coins blockchain.

It's funny how little we know of cryptocurrency terms.
 
It cannot be a wrong investment just because it is a token. Coin has its own platform where as tokens exist on other blockchain.
 
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