Is phala coin or token ?

I'd say this defination is valid, but not very useful. Afterall, the word 'tokenomics' may refer to both coins and tokens. I guess you are trying to distinguish crypto projects with real decency from those scam projects that anyone can create with few lines of code with a smart contract. Technically, PHA is a coin, according to your defination. Because it has its own chain, not based on a contract of other chain. And it does have great tech on privacy computing. What i'm saying is that a coin with its own chain doesn't necessarily be a decent crypto project, while a token running in a contract can still be great project.

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28.09.2021

h4x3rotab

Yeah, sure. There are plenty of smart contract based token projects with great technology. But just broadly speaking, coins usually refer to cryptocurrencies with their own blockchain while token are mostly ERC20 smart contracts

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28.09.2021

h4x3rotab · Accepted Answer

h4x3rotab

Because PHA is a native coin by defualt. The ERC20 token is just the pre-launch represent of the native token

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28.09.2021

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Is phala coin or token ?

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