I would like to know one thing here and i am not clear about it.
Many altcoin campaigns gives payment in ETH token and that comes on the ETH address.
That's very popular as developers and companies that wants to have their own coin/token are using Ethereums smart contract.
So it means they are actually paying in ETH?
No, and it's rare to see a campaign that's going to pay their participants for ETH but I saw a campaign that paid their participants with ETH
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Is Eth token is small fraction of Eth currency ? but then they have their own Altcoin names...how possible ?
They are different currency, those alt coins names are the name of that token and it has it's own value after it's ICO.
If you make an altcoin, you have to make its own blockchain and then expenses on listing on exchanges etc.
That's why there is the feature of ERC20 token from Ethereum, just use it's smart contract. And when it comes to listing on an exchange, yes it's your own expense. Are you planning to do so?
But for the ETH tokens, they are already available on ETH network and are on exchanges as soon as the ICO ends..SO there is less chances of Dev of eth token scams as the tokens already on the public network for usage and exchange?
I can't really get your point on this.