Friday, June 14, 2019

What is the difference between token and coin?

ND MARKET by ND INVEST LTD is a platform for instant purchases of real estate, cars, furniture, and other goods at discounted and promotional prices. https://www.ico.ndinvest.ltd.

๐Ÿ”ถ The platform has its own token NDCOIN, which is the main token to pay for real estate, cars, and furniture with a guaranteed increase in value.

๐Ÿ”ถ The NDCOIN token is a highly liquid token designed on the basis of the Ethereum platform and the only means of payment that ensures payment of the deposit on the ND MARKET platform.

๐Ÿ”ถThe token standard is ERC 20. The total volume of tokens will be 500 million, without the possibility of issuing new ones.

๐Ÿ”ถ Why a token, and what is the difference between a token and a coin?

๐Ÿ”ถ Coins and tokens are cryptocurrencies. However, if coins, for example, such as Bitcoin, Lightcoin, and others, work on their own blockchain, then tokens live on top of the existing infrastructure, such as Ether.

๐Ÿ”ถ Coins have their own independent transactional registers, and tokens rely on a core network technology to verify and secure operations.

๐Ÿ”ถ COINS are often used FOR TRANSFERING FINANCIAL ACCUMULATIONS directly, and TOKENS carry much MORE FUNCTIONS - it is a contract for almost anything: from PHYSICAL OBJECTS to TICKETS for events and loyalty points. That is why NDCOIN is a token.

https://i.redd.it/okqv1do2ja431.jpg


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