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Author Topic: What is Tokens?  (Read 456 times)
Caxoi
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June 23, 2017, 08:50:36 PM
 #1

Hi,

I've searched for a few hours and I couldn't find a video that explains the Tokens
And there is so much crowdfunding projects on the web that selling tokens but I'm scared to invest on because I have no idea what token is!

I know what we buy tokens and it's more like kickstarting a project that people buy tokens with ETH and it's some kind of investment.

But the problem is I don't understand the Token itself!

1.What is it?
2.How much is the value of it? What does it do?
3.What happens if the project failed and didn't succeed?
4.What happens if the project succeed?
5.How will you earn profit from it?

That would be great if you could send me a link or just explain below my post about it. Any help much appreciated.

I'll send $10 LTC to the best and greatest answer.


Thanks,
Can.
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Caxoi
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June 24, 2017, 07:14:59 AM
 #2

Any help is much appreciated.
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June 24, 2017, 07:18:29 AM
 #3

in crypto world tokens mean nothing, it can call koks or suckers or anything. the value of the tokens is given by so call crypto investors.

ethereum platform references ---- nick szabo - the father of smart contracts - https://en.wikipedia.org/wiki/Nick_Szabo
gav wood - the father and creator/coder of piece of shzit etherieum platform - http://gavwood.com
butterin vitalic - the little freak scammer left to take care of broken shzit platform which he is forking nonstop - he don't even believe in crypto so is gav wood before he made millions. https://bitcointalk.org/index.php?topic=1979233.80
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June 24, 2017, 07:33:42 AM
 #4

Tokens are stakes that someone is ready to give to you. Lets take an example of Mobilego(MGO) tokens(these are ERC20 based).
Gamecredits launced an ICO to fund their new project called MobileGo. They provided MGO tokens in return for Bitcoin, Etherium, ANS, Game tokens, etc(these tokens already had value in the trading market). If you would have participated in this ICO, each MGO token would have cost you 74 cents. After the ICO was completed, they launched their token for trading in exchanges. Meanwhile they also entered into various partnerships and have a solid project planned for the future which led to the token price to shoot from 74 cents to about 2$ a piece. Thas is about 3x of what you invested initially and that also in about couple of months. Not bad, huh Wink
P.S Always research whitepapers before buying tokens, they may make you or break you.

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June 24, 2017, 07:35:30 AM
 #5

I always thought tokens = coins, just a different name, and based on Ethereum

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Robin,Hood
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June 24, 2017, 07:50:37 AM
 #6

Tokens is a modern version of South Sea Bubble.
Everyone is just investing and making profit, well.......
Logicaly, for someone to profit some else must lose.
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June 24, 2017, 07:52:31 AM
 #7

Token means coin or the single share of a private company. Unlike IPO that is offering by the public company and fully regulated by certain bodied in the respective economy. But Here when the private companies are going to pool the fund from the public they are choosing the blockchain method of route. And like bitcoin they issue some crypto coin which is transferable as quick as possible. These coin are offered to the people of whole world by the way of ICO and the single shares are known as token.
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June 24, 2017, 09:51:06 AM
 #8

Tokens are a digital representation of value, these days, for example, I am supporting the DENT project and if you want to buy and hold thousands of tokens, The DENT project is the right place where you can get them. In this ICO which is in July, you can get a bounch of them, hold them and wait for the price to raise. Check DENT ANN thread here at bitcointalk.

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June 24, 2017, 10:02:41 PM
 #9

Tokens are a digital representation of value, these days, for example, I am supporting the DENT project and if you want to buy and hold thousands of tokens, The DENT project is the right place where you can get them. In this ICO which is in July, you can get a bounch of them, hold them and wait for the price to raise. Check DENT ANN thread here at bitcointalk.
yes that may be right token may be the value  of some thing that you are holding, for example we are going to do advance booking for a coin in its ICO. through which you will receive your coin after ICO.
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June 24, 2017, 11:08:35 PM
 #10

Token is an digital asset.

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June 25, 2017, 03:50:06 AM
 #11

Token  is the proof when you take shares of a coin in ICO and when the coin properly launched in exchange you use your token to claiming your shares, individually token do not keep any value but just the proof you have for something.

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June 25, 2017, 05:52:28 AM
 #12

In general, a token is an object that represents something else, such as another object (either physical or virtual), or an abstract concept as, for example, a gift is sometimes referred to as a token of the giver's esteem for the recipient. In computers, there are a number of types of tokens.


1) In a token ring network, the presence of a token (which is simply a particular bit setting) in a continually circulating transmission stream allows a device to change the bit setting (thus taking the token) and put a message in its place. The receiver of the message elsewhere in the token ring network removes the message and resets the bit setting (thus putting the token back) so that someone else in the ring of devices will be able to have a turn at using that message space.

2) A programming token is the basic component of source code . Character s are categorized as one of five classes of tokens that describe their functions (constants, identifiers, operators, reserved words, and separators) in accordance with the rules of the programming language.

3) Crypto Tokens represent a specific Value
Each cryptocurrency token embodies a tradable good. This can be for example coins, points, certificates, in-game items etc. This means that crypto tokens can be used to represent a share in a company or can be used as central committee voting rights.
They are often used to raise funds in a crowdsale. That is why many people refer to them as cryptocurrency assets or crypto assets and crypto equity.


Creation of Crypto Tokens
Crypto Tokens are created over an Initial Coin Offering (ICO). Even though the wording of “coin” is false, that is what is currently used. Those created cryptocurrency tokens don’t have their own blockchain.
Most ICOs use the Ethereum blockchain, which enables a storage in an Ethereum wallet.
Diffenrece between Coin, Token and Cryptocurrency
A coin has its own blockchain. There is no difference between a coin and a cryptocurrency. Examples are Bitcoin, Ethereum Coin.
A Token is hosted on another currency’s blockchain. Example: FirstBlood Token.
Crypto Tokens on Exchanges
The developers of a specific digital token can decide to publish their token on a cryptocurrency exchange. This way users are able to buy and sell the token the initial coin offering has finished.
Central Mint
Always check if further crypto tokens are going to be minable and if more coins are going to get created past the ICO. Else one doesn’t know if the inflation rate might be too high for the value of the coin to increase.
Freezing of digital currencies
Tokens created by the Ethereum Code have the ability to get frozen in case something happens – a hack or a government regulation. This means that no cryptocurrency tokens are going to be moved until the unfreezing happens.

Anyway, Token's mean ICO, ICO means scam as this is a very scammy distribution of the coins and I do not recommend you to purchase ANY token.
Hope that this helps.

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