Crypto Coins vs Tokens
Below are some of the differences between crypto coins and tokens:
| Parameter | Coins | Tokens |
|---|---|---|
| Type | Virtual or digital currencies. | Programmable assets for unique contracts. |
| Purpose of use | Used for payments to buy products and to exchange money. | Used for specific services or applications as programmable assets. |
| Value | Coin’s value is determined by supply and demand. | Tokens value is determined by the underlying asset or service. |
| Functionality | Limited to currency payments or transactions. | Tokens can have a wide range of functionalities depending on the service or application. |
| Examples | Bitcoin, Ethereum, Cardano, Solana, etc. | USDT, USDC, Binance Coin, Basic Attention Token, etc. Digital assets like videos, art, paintings, files, etc. |
Different Types of Crypto Coins and Tokens
As of 2023, there are different types of Crypto Coins and Tokens available in the market today. Here in this article, we will cover some of the well-known types of crypto coins and tokens in detail. Let’s get started.