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What every DeFi Development Services provider must know about DeFi Coins and Tokens?

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Throughout the DeFi development services sector, DeFi coins and tokens are always confused with each other and are often used interchangeably. Though they have numerous similarities, they are not the same. DeFi coins are like the digital form of fiat coin that transfers the value during a financial transaction. Backed by native and unique blockchain networks, the most popular DeFi coins include Maker, Compound, Uniswap, Aave, Chainlink, Ankr, etc. While on the other hand, DeFi tokens transfer value but not always in a financial sense where utility tokens might be utilized as passwords for offering access to a resource, and so on. Moreover, DeFi tokens can be developed on existing blockchain networks.

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