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Author Topic: Aside from the ability to raise money via an ICO, why create a token?  (Read 135 times)
Cataclysmic (OP)
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October 12, 2017, 11:59:59 AM
 #1

Is there any reason that a company would create a token aside from a desire to sell it to raise funds during an ICO?  Why not just accept established currencies/cryptocurrencies for their products/services instead?

I can't think of any other reasons to create a token.  It seems to me like it would just create a worse experience for customers, due to the extra requirement of buying the token before buying the company's products/services.  As a consumer, if I had to use a different currency/token at each store I went to that would get pretty annoying.  Seems much easier to just use dollars everywhere.  Or bitcoin everywhere.
Nalbo
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October 12, 2017, 12:03:19 PM
 #2

A company can issue a token to use as a payment method within the network.
For example, If a bus service launch a token than it can be used to pay the bus fare.
Cataclysmic (OP)
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October 12, 2017, 01:56:22 PM
 #3

I understand that but it doesn't answer my question.
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