Bitcoin Forum

The next post is just made out of my own personal opinions based on what I have observed in the past 2 years.
Let me know what you think.

It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.

So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.

What do you guys think about this?

Why most utility Tokens outside the financial institutions are not succeeding is due to the lack of the team not meeting up to the demands in the market, take for example the binance coin it already have an established financial institutions but most other that have failed don't have any institutions on ground to back the token up they simply created a token get it listed on exchange before trying to develop a product/project that will back it up but that always result negative impact on the token and at the end go down to zero on the exchange because nothing to back it up.

Yes they are and actually they should have never got any value at the first place.

Because, you are buying from exchange, using for services, reciever is selling on exchange and in this, why should it get any value?

We have seen utility tokens that has partly diminished in activity maybe because of the side effects of crypto winter and the emerging trend of STO but no, utility tokens will not die soon since its an essential component in crypto projects and absence of which could be unimaginable and  chaotic. I expect a sudden resurgence in activity of projects that has utility tokens once the bull market is in full swing. Imho.

Actually I find what you say interesting. You perspective of an absence of utility tokens bringing a chaotic consequence, is it purely in terms of the reduction of the amount of money being circulated?
Or are there other perspectives?
I can think for example in the reduction on active labor in the crypto industry and a slower development of qualified professionals for the industry.

Yes I agree with this in many ways. An ICO is a crowdfunding method. Imagine going to a shark investor with a whitepaper and an informational web page, and no previous execution or tangible results. They won't invest. The main issue was the over rated hype that bitcoin created for the rest of the projects. It was a double edge sword. There were winners and losers.

Anyway, I think that the coincidence between the current rise of the price (which hopefully will continue to be steady) and STOs could bring a new hype. And hopefully the new projects are capable of making the best out of a new possible hype.

sto already become not interesting after IEO appeared. trends are changing one after another and it is not clear what will happen next.

That's kind a true, most of them but not all of them. From my point of view it is because their product can't compete with the former non-blockchain product. All those project do is just recreating some service that actually exist and then add some blockchain utilization, they do not really do any inovation, and I thaink thats why they are failing.

Any project without a serious team will always fail. Sometimes the team just lie that their project is a utility token and will be gretaly sort after, and after crowdfunding, they will just go to sleep and never develop anything. We have a lot of these in this space.

Because of the hype on their first day and now they are slowly dying. Utility coin are still there but not active as much like before, they are dying because of insufficient development. Investors really want a financial services that can help their business grow and those utility token are only for their own sake so that's why they are not good anymore.

Americans have generally been rejected from the crypto fever in light of negative proclamations from the SEC about utility tokens. Officially most US-based organizations have kept away from the US showcase, and restricted American speculators from putting resources into their tasks because of administrative worries at home. At the point when the universes biggest economy is being bolted out of taking an interest, there isn't much seek after continued client selection or worldwide development for any item. That is one of the major reasons for the decline of Utility tokens at large.

I am thinking that with the absence of utility tokens if ever, and hypothetically speaking, would significantly reduce use cases of blockchain projects. I think the advent of utility tokens initiated many ideas which have culminated to crypto projects that have different important use cases and now playing important roles in blockchain technology evolution.

I think that the time has not yet come for blockchain projects outside the financial industry. However, sometime such successful projects will surely appear.

They are still alive and some of them are still in top on coinmarketcap. There is just the lack of great products on the market and ICOs that have a utility mission should make more noise in the industry, otherwise they will really die off.

Yes i partially agree with you and i think the long lasting bear trend has really exposed utility tokens and their severe weakness in bearish market and that is what has created a negative case against them and people now look for asset backed tokens to secure themselve from massive losses.

I particularly prefer Utility tokens thought I don't know much about STOs to say which is better. Maybe I will take out time to read more about it. Thanks anyway for this post, I have been privileged to read a lot of educating comments.

Team are being greedy actually they build up projects for there own good and not for the investors or contributors. You see they will just use your money to build the project and what does the investors or contributor get in return?  A few cents from the team's effort in achieiving the targets and goals of the project.

I do not know with other projects but I know there are some projects like that and to which I do not want to join.except for online betting casino. this is more fun than investing a project.

To be frank, I really do think so, because of the utility tokens inn existence currently, only a few are actually living the dream, other are merely out to make gain and dump on investors. Soon and very soon, utility tokens will become a thing of the past

I won't concur that they have finally died but what I observe is that of paradigm shift. The utility token teams were full of complaint of not meeting up on sales etc and thereby leaving investors unsatisfied. Now, we are tasting the exchange platforms, stos .

Of course these tokens are already dead. 90% of such tokens were created only to raise money for ICO. Really working projects negligible amount. And besides, even working projects are not particularly popular. Interest and passion for tokens was a temporary phenomenon. Now the time of tokens is gone.

I think we can not say utility tokens are dying, whenever there are many different types of utility tokens are achieved success. But in  the market some projects started for only get money from the investors & failed by unsensible team working be hind the project. That result lot of  people  uninterested any investment.

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Utility tokens aim to be a native token in their platform.  We can find only a few utility tokens become have a real use, the rest are just a utility hype tokens which the prices depend on the market demands. I don't think they are dead, they are just yet to be a utility tokens.

In which case, advertising coins will not have much relevance in the near future, because, one way or another, projects will develop in a different direction, without the interest of maintaining a coin.

If their idea went big then only that utility token also been used in the same platform. For example if you take the BNB coin it was launched as token few years before but now they captured big market because of their platform.
If there is any project like we may find such useful tokens among us else it is not possible at all.

Can you listed out 10 utility tokens launched in this year or last 6 months.

People’s relationships are not limited to finances. Moreover, financial relations are secondary. If many activities are tokenized, then service assets will prevail over financial ones. Someday. Maybe I'm a utopian idealist :) ...

The major problem is that teams don’t keep totheir promises and most times they don’t follow their roadmap and except this is done we may not see a reversal

I've been conducting research recently and I'm just doing the utility tokens. I knew that everything was bad, but I did not guess how much. A significant number of projects are simply dead, and those who are still alive have so few users that it is sad. Still, I hope that this is the effect of the bear market, but not total extinction.

The problem started when every project wants to create their own token, if we take a look at it deeply, it is really not a convenient one to start buying different token for every of the services I want to make use of, that is why they are not growing and knowing fully well that such service is not a monopolized one that would have giving them edge.

We have very good utility tokens that has already been established and gained ground, I honestly don’t see any reason why they cannot partner with such utility token, let’s say Ethereum and just make it the base of their project, we all know that many people have ethereum stashed in their wallet and would not find it difficult to use it for any services that requires it.

Utility tokens cannot be destroyed. They are the bridge between real life and crypto projects. They are affected more than other because of just market conditions.

As for most utility tokens not dying ,scam shitcoin products should not be included in utility tokens ,cardano ripple and others have proven they still survive in this industry ,I think they are still in the development stage and it's too early say dying to utility tokens

Indeed tokens are shitcoins will die, but not tokens who are used by people and not tokens which can have some good teams behind and is better to have only the good projects on crypto market and other projects die because only on this way we can have good prices and mass adoption.

Utility tokens have a different purpose in the crypt industry and some people can't understand the variety of security and utility tokens.  I only buy the utility tokens of the real projects.

I don't think utility token can die though most of them are not being used for utilities due to one issue or the other. They have been used mainly for speculative trading but I don't think it will continue like this for long because some projects will soon be massively adopted.

Day by day, new utility tokens were introduced into the market, and new tokens were dying, it is mainly because of lack of work from the team and developer itself and some others were just created by scammers and fraudsters in order to collect money from the investors itself, maybe we just need to be more careful in investing those tokens.

If everyday new tokens will arrive, I think it's not possible to die because of continuous development. Lack of work isn't the reason but most of the factors was financial struggles due to investors were pulling back their money on a certain crypto project which has no good outcome. After the trading many panic sellers tend to dump, so we might see price decline very fast

Yes most are dying because they have nothing to offer which can be attributed to the lack of experienced team. Most don't actually know what they want or how to go about so how can they succed? To survive in this crypto space, a project needs to offer viable products not imaginary ones.

I sort of agree with your opinion. Ethereum is a great platform for fintech and decentralized finance. I believe utility tokens providing financial benefits will continue to survive, but other utility tokens possibly will have difficulties in the future.

I think from STO's to consider, no. utility tokens are still good, just look on something such as binance, you can see the profit as it can minimize the transaction fee am I right? In that sense, since they are utility tokens, we can expect that they are there, intended to help us through participating on the cryptocurrency space much efficiently.

You are right at the moment only those utility token are live and which has its platform, mostly project dead due to there roadmap beyond there limitations. they can not provide which they have written in there roadmap and now investors are totally in loss.

No of course, these tokens are good actually if they are utility especially if it has been used to the common people in their daily life living like food, renting, transportation or etc. These will keep the token alive and active and no wonder also that these tokens will keep alive even if other crypto will not. Just like BTC, which is the common utility crypto to which it is already accepted in other establishment as a form of payment. And it is being acknowledge all over the world.

The reason why we see a lot of utility token dying is because of lack of regulations and commitment by the team who owns this tokens, we have seen this from a lot of icos rising everyday with new and promising project, but the token ends up becoming a shit one, imagine making purchase of a token for $0.2 and selling at $0.02 when it hits the exchange after waiting for 1 year to see if you will make good profit.

Depends on the token utility. Some are worthless coz there is literally no use of the token on the platform. These ICOs raise money in the name of utility token but in return they give you garbage tokens in return. These utility tokens are definately dying.

Not dying per say, most utility coins(tokens) could be failing to break the market because of poor marketing and not getting to the intended users.

I would like to think these coins are more of trading assets than they are of utility.

You don’t need to believe everything, the whole point of crowd manipulation is built on this, so now it’s no use talking about it, because the intent of manipulations is clearly hidden in this, I think that it will be clearly understood if you work on it.

Most of the so called utility tokens do not have a clear vision of further development of their platforms, and as such, sustainability will always be a problem. You sometimes see them being around for few months after which people just loose interest and that becomes the end of that project and token.

Reading your post, gave me something to truly think about. I was not happy as to the failures of many utility tokens even though these projects wants to help make the world better in one way or another. Theymajor concerns here has to do with the project developers and their roadmaps, most them deviate from the initial plans and some become so lazy to continue with the development and as a result, the tokens fails.

Mostly the case from the ico's, investors frustrations affects the project itself, things will be worthless as the creators itself doesn't mind for the future of the projects, maybe there's still some that will proceed if the developers will be very keen to make way in succeeding from this industry, they need to be more serious developing what they've created.

Utility tokens are not dying for me. If you are basing on the market for sure you'll see the tokens are almost dying. Actually almost all of them not just utility tokens. It is because there is a crisis in cryptocurrency right now. Utility tokens will still improve and will rise after the market recover.

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No, utility tokens still exist and doing good in some fields, like one of my favorite coins is Midas. It's a node hosting platform. Another token I liked enough is Trip token, can be used for travel services in a various way. I know a few token doing good in real estate fields, so utility depends on the team and the users. Nobody alone can stand with a high-quality utility token.

I think most people still use the viable utility tokens. The only dead ones are those that have no usable product to support their ecosystem. Some were created mainly to just be traded without a real product.

Most utility tokens of ICO projects are dying because the team failed to structure their token economics properly. Another reason why some utility tokens are also dying is because the project have not fully developed to establish an ecosystem where which would ensure that there is a demand for the token to stabliize its value when listed on exchanges.

These utilities tokens were hastily conceptualized by most project owners who are mainly after profits rather than the viability of the tokens being a pivotal asset for use on their projects.

The value of the utility tokens depends on their use case and how active the development team is.
I would not connect their success to the industry as we have positive examples from all of the industries.

Utility tokens are useful for the purposes mentioned herein including gaming, finance, loyalty programs and more, but the main issues they face are a lack of adoption, usability, marketing, and liquidity, however, as the market matures there will be more uses for these types of tokens just make sure you only invest in projects that aren't likely to be classified as a security and have a sustainable ecosystem

These tokens need to meet expected demand, and existing industries aren't willing to change unless you are diving in deep their problems with substantial solutions, take example gambling industry MIGHT need a core chain that connect multiple platform and sustain through a blockchain, but for big players they aren't any tangible benefits, and investors always look on the big picture like yo MIOTA is getting partnership with a car company let's go bull. It make perfect sense in future which lots of coins die as those with smart businesses model could sustain

Are you nuts? Time of token gone? So whats trend now coin? Youre a hunter and knows that tokens arent suitable for such investment but still participating on such bounty. We know for a fact that utility is created to be used on business platform, so if those platform is not using their token as incentive for such feature then its totally useless. But many of it are well known such as enjin, ins ecosystem, pundiX. So I dont believe tokens are worthless.