Bitcoin Forum

You get a token from ICO will definitely be sold, and the buyer who bought the token from you, the token will be used for what by the buyer? , and is there any other functionality of tokens other than for investment?

congratulations you just found the reason why this market is so terrible!

altcoins, tokens,... are only used for speculation, just as an investment and everyone wants to get rich from them. nobody cares about the technology, nobody cares enough to even read the white paper (not that it does much good), and in this market the shitcoins rule because those who know how to pump can make a coin the biggest possible!

I think that's not the right way to put it up front. If you have read the white paper anytime then you will come to know that tokens are commonly used as "utility symbol". They define the projects identity and also they are used as way of payment token within the project itself. The main purpose is utility only and just like you use the fist currency in daily life you can use the tokens to trade on the virtual platform. I think that explains a lot about the tokens or coins and they form most vital part of the whole project. Without them you can not identify the project at all and neither you can trade the projects value itself.

They are mainly used in some platforms created, or as a fee token, governance etc. But when they jus started the value of them should not be that high.

Yes, it's really a token problem, so I advise you to trade with coins. With them, there are less risks that they just collapse.

It depends on the token you invest. Digitizecoin, for example, gives you the option to buy in a store using dollars and instead of taking coins as a change, to receive tokens. Then you can exchange them for other cryptocurrencies, or by using them instead of money. Some ICOs have brilliant ideas, however, if people don't support them they will fail. But if they will be successful and you bought them early, you can make a small fortune.