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Content
@
https://warpcast.com/~/channel/imagine
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jacob pfp
jacob
@jacob
what are the differences between tokens and coins? why are they stablecoins and memecoins and not stabletokens and memetokens?
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Thumbs Up
@thumbsup.eth
Coins are made of metal. Tokens are made of plastic.
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SAINTLESS
@saintless.eth
the way we got used to i think is: coins - fungible tokens - non fungible but lately I use tokens for everything
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a1z2
@a1z2
Coins get you passed the city gates, tokens get you on the casino floor
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Tayyab - d/acc pfp
Tayyab - d/acc
@tayyab
All coins are tokens, but all tokens are coins.
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Yaroslav⚡️ pfp
Yaroslav⚡️
@yar0x
wen stablememes and tokecoins
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Matthew Barton pfp
Matthew Barton
@mbar
NFTs are tokens but not coins
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Daikie.eth 🎩
@daikie
Coins are L1 vehicles for gass Tokens are ledgers on that L1 or L2, L3(L4... Repeat at infindum as you see fit) so not gass Stablecoins are vehicles carrying FED approved gass. Which pay taxes in eth to the access to blockchain gwei. Memecoins are *checks notes* doing whatever it takes to make numbers go / higher
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omtime.base.eth pfp
omtime.base.eth
@omt
A coin has a value in another currency. A token is a unit of a project that may not yet have value in another currency. I understand it this way😅
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jon pfp
jon
@jonbray.eth
Coins are canonical network assets that are inherent to a chain. Tokens are deployed (tokenized) on a chain. BTC is a coin on bitcoin, but a token when its wrapped on Ethereum. "stablecoins and memecoins" are tokens. But that doesn't roll off the tongue as easy.
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Trapstarz
@trapstarz.eth
Back in the day coins were mineable and token were "minted."
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unkfunk pfp
unkfunk
@unknownfunkhero
because subjectivity.
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Wikiblockchain 🎩🐲
@wikiblockchain
1000 $imagine
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Andrew pfp
Andrew
@ori-wagmi
I think tokens are a generic term for "onchain unit store of value". Value can be anything from art NFTs, tokenized real world assets, identity, etc. Coin is a conical term for "unit of money". While you could call it a stabletoken, you lose on the contextual connotation that comes with using coin.
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sweetman pfp
sweetman
@sweetman.eth
hyperstructure => onchain => memetokens
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kaitoren.eth pfp
kaitoren.eth
@kaitoren.eth
"Coin" is the application/use. "Token" is the underlying technology. All coins are tokens. All coins can be repurposed (inscriptions and ordinals are examples).
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jeremy
@jzs
syllables
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chrismartz
@chrismartz.eth
good q
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Ese 🌳
@esss
Because for now we have stablememes
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musicguy.base.eth pfp
musicguy.base.eth
@music-guy.eth
Coins are digital assets that operate on their independent blockchain. Tokens are digital assets that operate on an existing blockchain network. Eth its coin. ETH is a coin. Bitcoin is a coin. Doge is a token.
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