A TOKEN AND A CRYPTOCURRENCY: What’s the difference?
As the cryptocurrency market evolves, we continue to see new terms and new ways of doing things. A lot of terms that are used in the current market were not in existence when Bitcoin was created in 2019. Today, the market has reached a point where an agreed definition of terms has been established. Saying this, they are still some terms which most crypto enthusiasts use interchangeably. One of these are the terms: Token and Cryptocurrency.
Often used as a substitute for each other, one is tempted to ask some key questions about these terms.
What is the difference between a Token and a cryptocurrency? Are they the same thing? Or are they different?
Theoretically, the term “token” is just a substitute word for “cryptocurrency”. But in recent years the word token has taken on a new meaning. Firstly, it is used to describe all cryptocurrencies apart from Bitcoin and Ethereum — even though they are technically also tokens.
Secondly, tokens can also be used to describe certain digital assets that run on top of a blockchain owned by another cryptocurrency. And like cryptocurrency, they can all also be traded or held as an asset.
Tokens can represent an investor’s share in a company or they can serve an economic purpose, just like a medium of exchange. This means token holders can use them to make purchases or they can trade tokens just like other tradable assets or currencies to make a profit.
With all this being said, we guess the question on your mind would be: What is the Pledge Utility Coin? Is it a token or a cryptocurrency? To go by the definition above, we believe that PUC is a token. Why? Because it was built on the Binance Blockchain.
For those who want to know more about our token sale, we are glad to inform you that our Public Presale Phase took place on 3 platforms: (Index.io, P2pB2b, and Dex-Trade). For more details on how we set up participation of our Presale for the PUC token visit our Presale explanation HERE: https://presale.trypledge.org.
Our presale ended on August 22nd 2022.