I see so many new people saying they have "30 shares" of a coin or token. Let me clarify one thing for you:Coins are digital assets that run on their own native Blockchain. Examples of this are Bitcoin, Ethereum, Cardano and Polkadot.Tokens are digital assets that are built on top of a Blockchain. For example, LINK is an ERC-20 token build on top off Ethereum.Shares represent an ownership of a company. If Apple has 100 shares, and you own 1 share of those 100, you own 1% of Apple which makes you entitled to 1% of their Intellectual Property, Cash Reserves, Real Estate, etc.If you have a partial ownership of Apple, you have shares. If you have 200 LINK, then you simply have 200 tokens of LINK (a.k.a Stinkies) which does not entitle you to Chainlink's profit nor Sergey's burger trips.I also hope if you are new that you are playing with.. well, play money. With that being said, welcome to Crypto and I wish you the best. TO THE MOOOOOOOOON 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Submitted February 03, 2021 at 06:36AM
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