What is the difference between coin and token with examples?

Tokens, on the other hand, are designed to offer a broader range of functionalities tailored to specific projects or ecosystems. They can represent access rights, voting privileges, utility within a platform, or even act as a store of value.

Coins represent digital assets that function autonomously on their individual blockchain networks. These decentralized units serve as a primary mode of exchange within their respective ecosystems, facilitating transactions and enabling users to participate in the digital economy.

In contrast, tokens operate within the confines of an existing blockchain network. They leverage the infrastructure and security provided by these established systems, offering a versatile platform for developers to build upon and expand.

The primary function of coins is to act as a medium of exchange, enabling seamless transactions between users. They serve as the foundation of blockchain-based economies, fostering adoption and promoting the widespread use of digital currencies.

The versatility of tokens has led to their widespread adoption across various industries. From gaming and social media to supply chain management and finance, tokens are reshaping the way we interact with digital services and assets.