What does # mean after a cryptocurrency symbol?

4 answers

• Teja addankiJul 04, 2021 · 4 years ago
  The # symbol after a cryptocurrency symbol typically indicates that it is a token or derivative of the original cryptocurrency. It represents a different version or variation of the main cryptocurrency. For example, BTC# could be a tokenized version of Bitcoin, where each BTC# represents a certain amount of Bitcoin. The # symbol is used to differentiate these tokens from the original cryptocurrency.
  402

  201
• Avery SecristAug 12, 2020 · 5 years ago
  When you see a # after a cryptocurrency symbol, it usually means that it is a customized or modified version of the original cryptocurrency. These variations can have different features, functionalities, or purposes compared to the main cryptocurrency. It's important to research and understand the specific characteristics of each # symbol to make informed investment decisions.
  379

  127
• Swan Htet AungJun 07, 2024 · a year ago
  The # symbol after a cryptocurrency symbol is often used to denote a specific project or platform related to the original cryptocurrency. For example, if you see BTC# mentioned, it could be referring to a project or platform built on top of the Bitcoin blockchain. These projects often aim to provide additional functionalities or services using the underlying cryptocurrency as a base.
  386

  97
• Maj macMay 13, 2021 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, explains that the # symbol after a cryptocurrency symbol signifies a tokenized version of the original cryptocurrency. These tokens are often used in decentralized finance (DeFi) applications and allow users to access various financial services using the underlying cryptocurrency as collateral. It's important to note that each # symbol represents a different token with its own unique properties and use cases.
  454

  91