Assets vs. coins vs. tokens

Context

There are 2 types of assets right now in our clients:

1. ETH + ERC20 tokens (So the “fungible” assets)
2. ERC721 (So the “non-fungible” assets)

How to best call these 2 categories?

• Fungible and non-fungible are word that aren’t used inside wallets afaik
• “Token” does include everything
• “Coins” is technically wrong for ERC20s, but from the way you use them (i.e. to transfer), ERC20s are similar to - coins.
• “Assets” can be both also.

What do others do?

• Trust wallet has “tokens” and “collectibles”. I don’t like this since collectibles are tokens as well. + They support other blockchains.
• Argent: Calls (1) “coins”
• Status: Calls it “assets” and “collectibles”
• Coinbase wallet: “Coins” and “Collectibles” + They support other blockchains.

Decision

• Both should be called "Assets"
• “Coins” and “Collectibles” is the best trade off we can make at this point. And others seem to use it as well.
• We can readjust if users are confused.