The difference between a cryptocurrency and a cryptoasset(token)

A lot of people still don't understand what makes a real cryptocurrency, and the difference between a cryptocurrency and a cryptoasset (token). So let me give you the basics.

A cryptocurrency is a digital currency that has its own blockchain such as Bitcoin, Ethereum or Litecoin, etc. which is either mineable or pre-mined such as Ripple and IOTA.

A cryptoasset is a token that is created on top of an existing cryptocurrency or blockchain such as Ethereum, Waves, Nxt, Counterparty, etc which allow creation of a cryptoasset. A token is not mineable or pre-mined so that doesn't make it a cryptocurrency. It's just a pre-defined numbers that you can transfer from one wallet to another that runs on an existing platform or blockchain.

Anybody can create a cryptoasset or token on top of Ethereum for example. And you only just need to pay a small amount of fee. I can create a token similar to your "coin" for less than $10. I can specify how many tokens to create, etc. So the tokens I create don't have any real value. It's like the material we use to print money, it's just an ordinary "paper", with no real value. The only one that gives value to that "paper" is the Central Bank (the Central Bank can say, "hey, this purple paper is worth PhP 1,000!" and then we all imagine it that it's really worth PhP 1,000). Similarly to your cryptoasset or token, the only one that gives imaginary value to your coin is your company, and not the market itself.

Now you will ask, but it's being traded already on some exchanges and it's already in Coinmarketcap. So how can I say it has no real value?

Let me tell you first that coinmarketcap is just a web site created to earn money from paid ads, etc. They list whatever they want as long as they see people buying and selling the coin. Even shit coins are listed in coinmarketcap. So coinmarketcap is not a determining factor to prove legitimate value of a coin.

The only way for you to determine if your coin has any value at all is if you can find a merchant willing to accept your coin as payment for physical goods or goods with real use or market value.

P.S. I forward it from a webfriend in Phillippine. He told me that he was a half Chinese, since his father came from China to Phillippine at that time. His mother who is a local Phillippinese once told him that it was said his father was from a very wealthy Chinese family in Chinese mainland, pitifully they don't know about his father's previous story well, too.
I believe it is true that his father came from a big wealthy family in China. When Chinese community party began to seize power all over the country, if those wealthy people in top class didn't choose to flee away from China in time, their fates could be very miserable.
So I always desire to be an international citizen. I embrace digitalcurrency based on blockchain technology passionately. Digitalcurrency is not fiat currency, it is also not issued by any sovereign nation.
It is really the time of our common people all over the world. I firmly believe that we common people can realize the dream of financial freedom with the help of digitalcurrency--a great tool!
Grasp your chance, don't miss it!