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Coin Meaning

A coin is a type of cryptocurrency that operates on its own native blockchain and primarily functions as a medium of exchange, unit of account, or store of value. Coins are distinct from tokens in that they are integral to the operation of the blockchain on which they exist, rather than being issued on top of another network. Coins typically serve three core roles:

1. Payment - enabling peer-to-peer value transfer without intermediaries. 2.

Network security - incentivizing miners or validators through block rewards and fees. 3. Economic coordination - aligning participant behavior through issuance and fee mechanisms.

Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) are well-known examples of coins. Bitcoin was designed primarily as a decentralized digital currency, while Ethereum’s coin also plays a key role in paying for computation (gas) on the network. Coins are usually created through mining (Proof of Work) or staking (Proof of Stake), depending on the blockchain’s consensus mechanism.

Their supply rules-such as maximum supply, issuance rate, and halving schedules-are enforced by protocol-level rules rather than discretionary issuance by a central authority. Although all coins are technically tokens in a broad sense (they are digital units tracked on a ledger), not all tokens qualify as coins.

Tokens often represent assets, governance rights, or utilities built on top of an existing blockchain, whereas coins are native to the network itself. For market participants, distinguishing between coins and tokens is important when assessing protocol risk, monetary policy, and long-term sustainability.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.