Post
Topic
Board Altcoin Discussion
Re: PURPOSE OF TOKEN?
by
bongnor531
on 23/08/2018, 14:34:28 UTC
Fundamentally, there are two main types of coins:

- utility token: it has actually some role like paying with it within the platform or so. Think of a crypto casino for instance, where the coin acts like money to spend.

- security token: it is more like a regular bond, like you buy into a company. If the company performs well you are entitled to some interest with the token as you are the owner too.