Coins are any Crypto currency that has a standalone independent block chain. Digital coins are based on their own native block chain network; used for processing payments. Tokens are Crypto currencies that do not have their own block chain but live on another block chain, they are digital tokens that have been built on existing block chain. Tokens are suitable for multiple needs.The key point of difference between a token coin and a legal tender coin is that the coin is issued by a government authority and is freely exchangeable for goods.
COIN
A small, round piece of metal usually silver or copper colored that is used as money with a number showing its value and often a decorative picture. A pound coin, gold coins; in other words coin is cash, currency, dough, gold, jack, money, piece, scratch.
TOKEN COIN
Token money, token coins or trade coins are coin-like objects used instead of coins. Tokens are made of cheaper metals; aluminum, brass and other less durable materials. A token has much more limited use and it is often issued by a private company, group or individual. Currency tokens are issued by a company but also are recognized by the state so there is a convergence between tokens and currency.
