When creating a new cryptocurrency, you must decide whether it will be a coin or a token. A coin exists on its own blockchain, while a token exists on an existing blockchain. The blockchain makes cryptocurrencies secure and decentralized.
Creating a token requires less experience and knowledge than creating a coin. Creating a coin usually requires a team of developers and experts. Creating a token also requires technical knowledge, but it can be created in minutes using blockchains such as Ethereum, Binance Smart Chain, Solana, and Polygon.
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