๐Ÿ“Œ What is the difference between cryptocurrencies (Coins) and tokens?

The main difference lies in the function and technology used!

1. Cryptocurrencies (Coins)

- Have their own blockchain (like Bitcoin, Ethereum, Solana).

- Used as electronic money (for payments, transfers, investment).

- Examples: BTC, ETH, BNB.

2. Tokens

- Built on an existing blockchain (like most tokens on the Ethereum network).

- Have multiple functions (beyond payment), such as:

- Access to project services (like Filecoin for cloud storage).

- Representation of real assets (like digital gold).

- Governance (like DAO tokens).

- Examples: USDT (stablecoin), UNI (Uniswap), SHIB (meme-token).

๐Ÿ” Quick summary:

- Coin = Independent currency (blockchain + payment).

- Token = Symbol with a specific purpose (depends on another network).

๐Ÿ’ฌ Do you know other tokens that use Ethereum technology? Share them with us!

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