Could someone please explain to me what is the difference between an Altcoin and a Token.
I'm a newbie, so please don't mind me asking.
I took part in some airdrop recently and now I was told that it is a token and not a coin. What does that mean ? What can I do with it ?
Can I trade tokens ?
What's the point of having tokens ?
A coin has its own blockchain, while a token rely on a pre- existent blockchain. The most known tokens are based on ETH or Waves. You may find a list of tokens here:
https://coinmarketcap.com/tokens/views/all/