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    • 1.Coins & Tokens
      • 1.1 NFT (Non-Fungible Token)
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      • 3.Hog's Minting Deadline ( BAY-VP / 03 )
      • 4. Baynana & CSC Airdrop Eligibility Voting: Securing Value for Ape Holders" ( BAY-VP / 04 )
        • 4.1. Deciding on Threshold Price (BAY-VP / 05)
      • 5. Auctions from Team's Wallet (BAY-VP / 06)
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  1. Ape Academy

1.Coins & Tokens

PreviousApe AcademyNext1.1 NFT (Non-Fungible Token)

Last updated 1 year ago

We have all heard the terms of coins and tokens in the jungle. Especially some apes are talking secretly about a special thing called Baynana token. But what does it mean? And what is the diffrence between those two?

Coin

All blockchains have a native coin like BTC,ETH,XRP. They are the native coins each of them since the blockchain protocol on which they operate directly issues them. Like BTC on the Bitcoin network, ETH on Ethereum network and XRP on the XRP Ledger.

Token

Tokens on the other hand can be created on each of those blockchains but they are not the native assets of it. People tend to build projects on the blockchains that they believe are suitable for them/their projects and they can issue tokens to build their platform/projects.

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