Post
Topic
Board Altcoin Discussion
Re: Difference between Coin and Token?
by
poodle63
on 21/08/2018, 06:07:15 UTC
I have certain doubts about Coins and Tokens and  are following:
1.Difference between Coin and Token.
2.Can Coin act as token for the transactions within the ecosystem of a particular project like giving rewards and loyalty points?
3.Coins are securities or Utility?
4.Can Token act as a coin and can be used for transaction other than the platform?
In my understanding a token and coin has no vast difference, only a little difference makes names as coin and token.
When an asset is in sales/Ico mode, it is called a tokens.
After it is fully launced and listed on an exchange, it becomes a coin.
nah that's wrong, token usually deployed under smart contract platform provided by project like ethereum, eos and many more. But coin usually have its own mainnet, blockchain and it's far more complicated to be developed than just deploying an instant and easy token under smartcontract like erc20
also it usually takes few months for developers to release or launch their coin,before that they will test the mainnet until it's secure enough.