Spin-off Coins

Spin-off coins, also known as forked coins or derivative coins, are new cryptocurrencies that are created as a result of a blockchain split or fork. When a blockchain undergoes a fork, it can lead to the creation of two separate and distinct chains, each with its own set of rules and features. The new chain, or spin-off, may share the transaction history of the original chain up until the point of the fork but can introduce changes or improvements. Holders of the original cryptocurrency at the time of the fork typically receive an equal amount of the spin-off coin.