理解加密硬幣與令牌的最終指南

人們像一樣，將這些術語拋在周圍，但是他們的出生方式，工作方式以及他們對建立，投資或僅使用它們的任何人意味著什麼都不會有所不同。

To really get a grip on digital assets, you’ve got to tell apart its main players: coins and tokens. People throw these terms around like they’re the same, but how they’re born, how they work, and what they mean for anyone building, investing, or just using them couldn’t be more different.

要真正了解數字資產，您必須分開其主要參與者：硬幣和代幣。人們像一樣，將這些術語拋在周圍，但是他們的出生方式，工作方式以及他們對建立，投資或僅使用它們的任何人意味著什麼都不會有所不同。

Spotting the Key Difference: Coins vs. Tokens

發現關鍵區別：硬幣與令牌

Think of a crypto coin, or what many call a cryptocurrency, as the home-grown currency of its very own, standalone blockchain. Bitcoin (BTC) operates on the Bitcoin blockchain, and Ether (ETH) is native to Ethereum’s; these are classic examples. These aren’t just digital assets; they’re the fundamental building blocks of the networks they belong to.

將加密硬幣（或許多人稱為加密貨幣）視為其自己的獨立區塊鏈的本土貨幣。比特幣（BTC）在比特幣區塊鏈上運行，Ether（Eth）原產於以太坊的。這些是經典的例子。這些不僅僅是數字資產；它們是他們所屬網絡的基本構建塊。

Tokens, on the other hand, are more like digital applications built to run on blockchains that already exist. You’ll find them on platforms like Ethereum (which is famous for ERC-20 tokens), BNB Smart Chain (with its BEP-20 tokens), or Solana. Instead of constructing their own foundational layer, tokens lean on the security and operational framework of their host blockchain.

另一方面，令牌更像是在已經存在的區塊鏈上構建的數字應用程序。您會在以太坊（以ERC-20代幣聞名），BNB智能鏈（帶有BEP-20令牌）或Solana等平台上找到它們。代幣與其構建自己的基礎層，不如靠其主機區塊鏈的安全性和操作框架。

Route One: Crafting Your Own Crypto Coin (and its Native Blockchain)

第一公路：製作自己的加密硬幣（及其本地區塊鏈）

If you’re dreaming of creating a coin, you’re signing up to either build a whole new blockchain from scratch or to take an existing one and fork it—both paths are serious undertakings, heavy on technical skill and resources.

如果您夢想創建硬幣，那麼您將簽署以從頭開始建立一個全新的區塊鏈，或者拿起現有的區塊鏈並分叉 - 兩者都是認真的工作，掌握了技術技能和資源。

The Nitty-Gritty of Building:

建築物的秘密：

What This Means for Your Strategy:

這對您的策略意味著什麼：

Route Two: Designing a Token on an Existing Blockchain

第二公路：在現有區塊鏈上設計一個令牌

Creating a token is often the more straightforward option, as you get to use the rails of blockchains that are already well-established.

創建令牌通常是更簡單的選擇，因為您可以使用已經建立良好的區塊鏈的導軌。

The Nitty-Gritty of Token Making:

代幣製作的秘密：

What This Means for Your Strategy:

這對您的策略意味著什麼：

When you look at what’s under the hood, a coin runs on its own custom-made blockchain, completely independent. Tokens, however, are crafted using smart contracts that live on someone else’s blockchain. This difference naturally makes building a coin a much tougher job, demanding you figure out the whole blockchain structure and how everyone agrees on transactions.

當您查看引擎蓋下的內容時，硬幣會以自己的定制區塊鏈完全獨立。但是，代幣是使用在別人的區塊鏈上使用的智能合約製成的。這種差異自然會使建造硬幣成為更艱鉅的工作，要求您找出整個區塊鏈結構以及每個人如何同意交易。

Tokens are simpler; you’re mostly just getting a smart contract up and running. Consequently, getting a coin off the ground will hit your calendar harder and hit your wallet harder than launching a token. If you go the coin route, you call all the shots on how it works, its features, and even how money flows. With a token, you play by the rules and limitations of the blockchain it’s built on.

令牌更簡單；您大多只是獲得智能合同並運行。因此，將硬幣從地面上拿走會更難擊中您的日曆，並且比啟動令牌更難擊中您的錢包。如果您走硬幣路線，您將撥打有關其工作方式，其功能甚至金錢流動方式的所有照片。借助令牌，您可以按照其構建的區塊鏈的規則和局限性進行播放。

Securing a coin means you’re on the hook for protecting the entire network. Token creators get to piggyback on the security already proven by the host blockchain. You’ve seen coins like Bitcoin (BTC), Ether (ETH), and Cardano (ADA) out in the wild. For tokens, think of things like USDT (an ERC-20), SHIB (another ERC-20), or CAKE (a BEP-20).

確保硬幣意味著您可以保護整個網絡。代幣的創建者可以掌握主機區塊鏈已經證明的安全性。您已經在野外看到了像比特幣（BTC），Ether（Eth）和Cardano（Ada）之類的硬幣。對於代幣，請考慮使用USDT（ERC-20），Shib（另一個ERC-20）或Cake（BEP-20）之類的東西。

Key Things to Nail Before Launching Your Crypto Asset

在推出加密資產之前要釘上釘子的關鍵因素

First off, before you even think about launching a new crypto asset, ask yourself: what makes it special? In a field packed with options, your coin or token needs a truly unique reason to exist. What knotty problem does it untangle that others don’t? If it doesn’t have a solid use in the real world, it’s likely to just become another speculative blip, not something people will actually use and value long-term. Many crypto ventures fizzle out precisely because they skip this crucial step; some studies even show that more than half the cryptocurrencies born since 2021 are already dead and buried.

首先，在您甚至考慮推出新的加密資產之前，請問自己：什麼使它特別？在包裝有選項的領域中，您的硬幣或代幣需要一個真正獨特的存在理由。別人沒有的問題是什麼打結的問題？如果它在現實世界中沒有可靠的用途，那麼它可能只是成為另一個投機性的碎片，而不是人們實際使用並重視長期的東西。許多加密貨幣冒險的原因恰恰是因為他們跳過了這一關鍵步驟。一些研究甚至表明，自2021年以來出生的加密貨幣一半以上已經死亡和埋葬。

Then, you absolutely must get the economics—the tokenomics—right from the start, as this is the heart of your project.

然後，您絕對必須從一開始就得到經濟學 - 代幣學 - 這是您項目的核心。

Your development choices and security measures are next on the critical list.

您的開發選擇和安全措施是關鍵列表中的下一個。

Be realistic about the price tag for creation and launch. You’ll need to set aside money for the actual development (anywhere from $5,000 to well over $100,000), those crucial security audits, getting legal advice ($10,000 to $50,000 or more isn’t uncommon), spreading the word through marketing ($10,000 to $50,000+), and maybe even fees to get listed on exchanges (these can vary wildly, from a few thousand dollars to over a million for the biggest centralized exchanges). If you go for a decentralized exchange (DEX), you’ll have costs tied to providing liquidity.

對創建和發射的價格標籤保持現實。您需要為實際發展（從$ 5,000到100,000美元以上）預留資金，這些關鍵的安全審計，獲得法律建議（10,000美元至50,000美元或更高的$ 50,000或更多），並不罕見），通過營銷來傳播這個詞（10,000至50,000美元+$ 50,000+），甚至可能會在交流中獲得列出的費用（這些可能會在交流中列出（這些都可以從數以千計的範圍內差異化，而是一百萬美元的一百萬美元。如果您去分散交易所（DEX），您將需要與提供流動性相關的費用。

Don’t underestimate the maze of rules and legal stuff you’ll need to get through. This includes AML/KYC (anti-money laundering/know your customer) rules like the FATF Travel Rule, laws about whether your asset is a security (like the Howey

不要低估您需要通過的規則和法律內容的迷宮。這包括AML/KYC（反洗錢/了解您的客戶）規則，例如FATF旅行規則，有關您的資產是否是安全的法律（例如Howey