Difference between Coin and Token

Many people believe that crypto coins and crypto tokens are the same but there are many difference between coin and token, all coins are considered tokens but all tokens can not be considered coin. A coin is a unit of currency that is native to a blockchain and is used for trading and storing value. A token is comparable to a coin, except it usually uses the blockchain of another coin. Consider Ethereum, which is a blockchain. Ether is the local currency. 

This network, however, is home to many other tokens, including BAT and Loopring. Coins are a recommended medium of exchange that can be represented directly by coins this is another feature that creates a difference between coin and token. Tokens, on the other hand, are a type of payment system. The tokens can be maintained for their intrinsic value, or they can be sold and staked for profit. Uniswap, Chainlink, and Polygon are just a handful of the tokens available. Another significant distinction between tokens and coins is the value they represent.

Tokens can represent assets or deeds, but crypto coins are essentially digital copies of money. Tokens can be purchased using coins, however, some tokens may be worth more than any of them. Consider a company's stock. However, because there are frequent constraints on where a token can be spent, it lacks the liquidity of a currency. It is not a sign that what is difference between coin and token but it creates a lot of confusion if it is misunderstood. one simplest approach to figure out is to give attention to what you are buying and which one you should utilize. If it is a product you have always required coin. If it is a service, this frequently available token is utility.