🚨🚨ATTENTION🚨🚨 COIN VS TOKEN EXPLAINED: THE SIMPLE GUIDE FOR CONFUSED INVESTORS!* 💡🔍📲
If you're new to crypto, you've probably asked yourself:
👉 “Is it a coin? Or a token? Aren’t they the same thing?”
Let’s break it down in the simplest way possible!
🔹 *WHAT IS A COIN?*
Coins operate on their *own blockchain* and are typically used as digital money or for payments within that network.
💥 *Examples of Coins:*
- *Bitcoin (BTC):* The original coin, with its own blockchain.
- *Ethereum (ETH):* A smart contract platform with its own network.
- *Litecoin (LTC):* A faster and lighter version of Bitcoin.
- *BNB (Binance Coin):* Runs on Binance’s native blockchain.
🔹 *WHAT IS A TOKEN?*
Tokens are built *on top of an existing blockchain*, usually through smart contracts. They don't have their own blockchain.
💥 *Examples of Tokens:*
- *Shiba Inu (SHIB):* A meme token on the Ethereum network.
- *Uniswap (UNI):* A DeFi governance token on Ethereum.
- *Aave (AAVE):* A DeFi lending/borrowing protocol token.
- *PUNDIX (PUNDIX):* Originally a token, later expanded its infrastructure.
🧠 *WHY DOES IT MATTER?*
Knowing the difference helps you understand the project better—its infrastructure, use case, and potential growth. It's essential for smart investing.
🚨 *This is NOT financial advice!*
Always DYOR (Do Your Own Research). Crypto markets are volatile—high risk, high reward.
📢 *Like, follow, and share!* Knowledge is power, and smart investing starts with understanding the basics. 🚀💸