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Baysed Labs
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      • Bored Ape NFT Fur Perks
    • 🐽HOG
    • 🧟‍♂️MUTANTS
    • 🐦BAYSED BOOSTER PACKS
      • Card's Collection
  • BAYNANA TOKEN
    • 🍌BAYNANA
    • 🏦BAYNANA BANK
  • 🏫Ape Academy
    • 1.Coins & Tokens
      • 1.1 NFT (Non-Fungible Token)
        • Set up your Xumm Wallet
        • Buy NFTs on the XRPL
        • Trust Lines
  • 📥Voting Proposals
    • Voting Proposals
      • 1. Hog's ranking system (BAY-VP / 01)
      • 2. Bored Apes XRP Club Minting Deadline ( BAY-VP / 02 )
      • 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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    • Netvrk
      • Mine Runner
        • Bored Ape 3D Model for Netvrk
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  • Flare Network
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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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