Crypto class: Difference between crypto coin & token

economictimes.indiatimes.com:

Crypto assets or the cryptocurrencies are not new terms for the masses nowadays. However, one common mistake often made by investors is calling a crypto coin a crypto token or vice-versa. At a fundamental level, both crypto coins and tokens are alike but they are two different things — all coins are tokens, but not all tokens are considered coins. Interestingly, a lot of users do not know even if they are buying crypto tokens or crypto coins. At the basic level, the key difference between the two is merely based on their utility.

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There are certain things that tokens allow the holder to do, whereas the coins do not give the same freedom to the holder. On the contrary, some platforms may accept coins but may refuse to entertain tokens. Vikram Subburaj, Co-Founder and CEO Giottus Cryptocurrency Exchange, said that for an investor, both crypto coins and tokens behave the same way. «They represent a utility whose growth and adoption will drive the price of the coin or token in future.» Market experts said that if an investor wants to buy a product, coins are best and if it's a service then utility tokens can be used. Edul Patel, CEO and Co-founder of Mudrex said that crypto coins have their own blockchains, but tokens are built on already existing blockchains. «Both are digital assets, and both have their uses,» he added.WHAT IS A CRYPTO COIN?Bitcoin was the first ever crypto coin as it has clear features that define a crypto coin and separate it from crypto token. These are:Crypto coins operate on blockchains: It means that a blockchain keeps