Summary

When creating a new cryptocurrency, you can choose to make a coin or a token. A coin has its own blockchain, while a token is based on a pre-existing network. Cryptocurrencies depend on blockchains for their security and decentralized nature.

Creating a token requires less experience and effort than making a cryptocurrency. A currency usually needs a team of developers and experts to create it. A token also requires technical knowledge, but it is possible to create it in minutes using other blockchains, such as Ethereum, BNB Chain, Solana and Polygon.