{"id":3186,"date":"2021-01-14T07:05:18","date_gmt":"2021-01-14T07:05:18","guid":{"rendered":"https:\/\/afluxcoin.com\/05\/crypto-token-vs-coin%e2%80%8a-%e2%80%8awhats-the-difference\/"},"modified":"2021-01-14T07:05:18","modified_gmt":"2021-01-14T07:05:18","slug":"crypto-token-vs-coin%e2%80%8a-%e2%80%8awhats-the-difference","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/zh\/05\/crypto-token-vs-coin%e2%80%8a-%e2%80%8awhats-the-difference\/","title":{"rendered":"Crypto Token Vs Coin\u200a\u2014\u200aWhat\u2019s the difference?"},"content":{"rendered":"<p>Are you confused between tokens and coins? I certainly was and decided to understand the difference between crypto tokens and crypto coins. In this quick write up, I will explain what those differences are and why it is important to know which one is which.What is a Crypto Coin?A crypto coin, just as it sounds, is a cryptocurrency that was created as a unit of account. Crypto coins were created to act as money, a form of payment, and a store of value. Coins often are issued on their native blockchains, but few have been issued without a native blockchain as well with the sole purpose of acting like money. Some examples of cryptocurrencies that are coins are Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Monero (XMR) issued on their blockchain and Labor Hour (LH) as an example of crypto coins issued as an ER20 coin on the Ethereum blockchain.The most important fact to consider is the fact that Cryptocurrencies that are classified as Coins have no utility other than being a unit of the account itself.What is a Crypto Token?A crypto token has the same function as a crypto coin by acting as digital money but also possesses other functionalities and\/or utility. Tokens are derivates of a primary blockchain, and with their function (business plan behind it), they deliver additional value to investors other than the price increase of the coin itself. An enterprise behind the token, for lack of a better word.Examples of Crypto tokens are many of the Altcoins in the market today. Most are issued on the Ethereum ER20 blockchain, such as Basic Attention Token (BAT) powering products as the Brave Browser and Lbry Credits (LBC) powering few decentralized video platforms Lbry.tv and Odysee.com. But they are also issued on other blockchains as well such as\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>Are you confused between tokens and coins? I certainly was and decided to understand the difference between crypto tokens and crypto coins. In this quick write<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3186"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=3186"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/3186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=3186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=3186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=3186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}