Everyone, this is an important concept to understand: native coins and tokens!
The same token may have versions on several different chains, and each chain has its own contract address.
Knowing the difference between native coins and tokens is really useful: when choosing a chain, preparing Gas, or checking a contract address, you need to know which type your asset is.
$ETH is Ethereum’s native coin. You need $ETH to pay Gas whenever you transfer tokens on Ethereum.
Save this and take your time reading it 👇
The same token may have versions on several different chains, and each chain has its own contract address.
Knowing the difference between native coins and tokens is really useful: when choosing a chain, preparing Gas, or checking a contract address, you need to know which type your asset is.
$ETH is Ethereum’s native coin. You need $ETH to pay Gas whenever you transfer tokens on Ethereum.
Save this and take your time reading it 👇