What’s the Difference Between Crypto Tokens vs Coins?  

Rexx Coin

Technical analysis 3 months ago
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💡 Today, Let's Decode the Difference Between Crypto Tokens 🛡️ and Coins 💰

Understanding Crypto Tokens vs. Coins: Unveiling the Mystery!

COINS
• Built into a blockchain (native to its own blockchain technology)
• Requires significant resources and skills to create
• Mostly distributed through mining
• Used to store or transfer money
• Valid with any merchant who uses the currency

🆚

TOKENS
• Built on top of an existing blockchain
• Relatively easy to create
• Mostly distributed through ICOS (Initial Coin Offerings)
• Valid with one merchant
• Variety of uses (e.g., security, asset representation)


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