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Difference Between Crypto Coin & Crypto Token
The crypto industry has said that the key difference between coins and token is that crypto coins are the native asset of a Blockchain like Bitcoin or Ethereum, whereas crypto tokens are created by platforms and applications that are built on top of an existing Blockchain. coins are used for governance, transactional fees, and other related use cases. Tokens can represent a myriad of real-world use cases, including gaming, Stablecoins, NFTs, and other fees. While crypto coins are essentially digital versions of money, tokens can stand for assets or deeds. The use of coins is primarily a payment method for services or goods on a blockchain. Tokens are also being used as vessels that represent products and items of the physical world.