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What Happens If You Don’t Add a Nominee to Your Demat Account

Before diving into coins and tokens, itu2019s important to understand that both are digital assets built on blockchain networks. These assets serve as units of value that can be traded, transferred, or used to access certain applications.

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What Happens If You Don’t Add a Nominee to Your Demat Account

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  1. What is the Difference Between Coin and Token in Crypto?

  2. Introduction to Crypto Assets Before diving into coins and tokens, it’s important to understand that both are digital assets built on blockchain networks. These assets serve as units of value that can be traded, transferred, or used to access certain applications. Coins: Native crypto assets that operate on their own independent blockchain (e.g., Bitcoin on the Bitcoin blockchain, Ether on Ethereum). Tokens: Digital assets created on existing blockchains through smart contracts (e.g., USDT on Ethereum, Shiba Inu on Ethereum).

  3. What is a Coin in Crypto Assets? • Key Features of Coins • Native Blockchain – Each coin is tied to its own network. For example: • Bitcoin (BTC) → Bitcoin Blockchain • Ether (ETH) → Ethereum Blockchain • Litecoin(LTC) → Litecoin Blockchain • Medium of Exchange – Coins are typically used to buy goods, services, or traded as investments.

  4. What is a Token in Crypto Assets? A token is a digital asset that is created and operates on top of an existing blockchain, rather than having its own independent chain. Tokens are made possible by smart contracts that define how they function. Key Features of Tokens Built on Existing Blockchains – Common token standards include ERC-20 tokens on Ethereum (e.g., USDT, Chainlink) BEP-20 tokens on Binance Smart Chain (e.g., PancakeSwap) Variety of Use Cases – Tokens can represent: Utility – Access to services (e.g., BNB used for transaction fees on Binance). Stablecoins – Pegged to fiat currencies (e.g., USDT, USDC). Security Tokens – Digital versions of stocks or bonds. NFTs (Non-Fungible Tokens) – Unique digital items (e.g., art, collectibles, real estate ownership).

  5. Core Differences Between Coin and Token Now that we’ve defined both, let’s break down the major differences between coins and tokens:

  6. The Future of Coins vs Tokens The crypto ecosystem continues to evolve, and both coins and tokens will remain essential: Coins will increasingly be adopted for payments, remittances, and as stores of value. Tokens will dominate new use cases like DeFi, NFTs, gaming, and tokenized real-world assets. With the rise of Web3 and decentralized economies, tokens may become the dominant form of blockchain innovation, while coins continue to serve as the foundation of trustless money.

  7. Conclusion The distinction between coin and token is crucial for anyone entering the crypto asset space. Coins like Bitcoin and Ethereum form the backbone of blockchain technology, serving as money and fuel for their networks. Tokens, on the other hand, represent innovation, flexibility, and specialized use cases—from DeFi to NFTs and beyond. At PlatinxExchange, we believe in empowering investors with knowledge so they can make informed decisions in this dynamic market. Whether you’re trading coins for long-term value or exploring tokens for niche opportunities, understanding their differences is the first step toward mastering crypto investing.

  8. THANK YOU • support@platinx.exchange 9560107106

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