Showing posts with label cryptonomics. Show all posts
Showing posts with label cryptonomics. Show all posts

14 September 2022

Curated Content for Crypto Newbies: Cryptocurrency: Tokens vs Coins

New to cryptocurrency and trying to learn?  So am I.  

I started learning about cryptocurrency in 2017. My intro to crypto was unintentional.  I joined a forum that used a virtual currency and had a faucet.  That started me looking for other faucets.  I stumbled upon several free faucets.  What got me excited was that I could earn cryptocurrency for performing small tasks like participating in surveys and then trade them for cash (USD) with friends who like to buy crypto. This is truly peer-to-peer transactions.

Along the way I learned about tokens. It was accidental. I was searching for more ways to earn crypto coins and created an account on a platform that rewarded me in tokens. It turned out I had the option of converting the tokens into Cryptocurrency or Gift Cards. I opted for the crypto coins so I could keep trading them with my friends for fiat currency (USD).

Do you want to know the difference between crypto coins versus tokens?  Here is an excellent article published by crypto.com.

Crypto Tokens vs Coins — What’s the Difference?

In my mind, even though there is a slight difference between the two, I am very glad they both exist. So we now have cryptonomics and tokenomics. It's all good.  

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