Coin/Token

These terms are often used as synonyms for one another or there is no differentiation made between them. Both are a type of digital “container”, which may embody a right or a claim. They may be equipped with different function as well as be technically differently designed. Where an already existing blockchain is used, then Token is more frequently used, whereas Coin is more frequently used in the case that a separate blockchain is used. Since in practice, however, the terms are used interchangeably, the FMA generally uses them synonymously.