Help me with the lingo — crypto, coins, tokens, ICOs.
Here’s a brief glossary:
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Crypto — umbrella term for all digital and/or virtual currencies
Coins — Generally, any cryptocurrency that has its own separate blockchain
Tokens — Generally, any cryptocurrency that is built on top of existing blockchain, e.g., some companies issue their own cryptocurrencies, called tokens, which can be used to purchase goods or services specifically from issuing company
ICO — Short for Initial Coin Offering, this is analogous to a privately held company going public via an initial public offering (IPO)—a way to raise funds for a new cryptocurrency or expand services for existing coins