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Don't Just FOMO, First Understand the Difference Between Coin vs. Token! 🪙✨
You often hear the term crypto, but still confused about the difference between Coin and Token? Many think they are the same, but they are actually very different! Let's discuss briefly:
Coin: Has its own blockchain. They are the native currency of that network.
Examples: Bitcoin (BTC) on the Bitcoin blockchain, Ether (ETH) on the Ethereum blockchain.
Token: Rides on someone else's blockchain. They are created on top of an existing coin's network.
Examples: Tether (USDT) or meme coins that run on the Ethereum network (ERC-20) or BNB Chain (BEP-20).
The simple analogy: Coin is like the toll road, while Token is the cars passing on that toll road.
Before starting to invest, make sure you know what you're buying, okay! Don't just follow the trend.
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