what's the point of tokens?

[serizawax]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

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[jpaul]

Say a company like amazon has reward points and they want to move to blockchain than they can create their own token and these reward points can be converted in the form of tokens.

[ProofOfLambo]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

The point of a token is similar to the point of a coin. It can be transacted and managed by smart contracts, etc... Some of them are garbage and some of them are gold.

[yudhistira]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

Judging by the current market situation most tokens will be simply of no value. But if the market goes up there will be such projects that will have quite valuable tokens. This is my opinion. 

[GlennEfrain]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

Basically tokens are a representation of a particular asset or utility, that usually resides on top of another block-chain also they are easy to produce but now most of them are useless because of the market situation.

[Jobbernowl]

Most tokens are just expression of some value for those who invested in that project. Some of them are calling "utility tokens" but the only purpose is been to share anything for investor's money

[tora]

If you mean ERC-20 tokens then there is no point to many of them as they are not listed on the main exchanges,only etherdelta and forkdelta, so cannot be traded.

[senin]

Tokens in general are very useful, because they perform a variety of functions that are not characteristic of coins. Universal coins, as a rule, have only the function of a means of payment. In tokens, this is not even the main function. Therefore, to say that tokens are useless, this is not true.

[pooque]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

Tokens is a pre-requisite of the altcoins,it is just a name being used when the coin is still in the ICO phase,or the project isnt yet listed into any exchanges,tokens will be called coins as soon as they got listed in exchanges,simple as that they are both things which has different names.

[deeltje]

Typically to purchase services or items. You can also have tokens to hold and get paid out in profits quarterly and things. They're just things that hold value (or don't).

[xiaohang07]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

The utility of the token is defined in whitepaper of the project. Check the token economics part of the whitepaper, and you will find that different projects have different design in terms of the utility of their tokens.

[chukaday]

Most of the time this is done on the Ethereum Network but as of late a lot of other platforms are starting to launch ICOs. I know that NEO, MSP, and ETC all have or are going to launch an ICO this next quarter. The reason people chose to go this route is because they can work on their native blockchain while raising funds at the same time. It makes the transition a lot easier and also provides good liquidity for the project prior to move away from ERC20 token.

[Tanya12356]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

Yes, now many promising projects are coming out. But it's a pity that there are many scam- projects!

[bayupermana]

Token is likely a share, it shows how many money you contribute to this project/company and they will base on that to share the profit with you.
So technically, tokens are the proofs on your investment and they won't go anywhere unless that project is a scam one.

[Murloc]

The usage of tokens is different and usually described at the white paper. In most cases it is a currency of the project with some specific features (maybe devs just too lazy to develop their new coin?). But there are some projects that  offer their tokens as a share of the projects. Sometimes they also offer dividends to token holders. Tokens also seem to be easier to develop.

[Faroxx]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

I think it all depends on the project. Some projects are scam and just want to make money, but there are a lot of good projects, the tokens which are part of the ecosystem of the company.

[Ann Impas]

I would say that token is like a points system in many company that offerings products nowadays. You buy something from them and they will give you points and later on could redeem your reward once you accumulate some number of points. But token just step up a bit higher since it was use now in different ways depends on the company. Some company use their token to unlock their services, that you should have this token to use their platform. So some token are Gold and some are trash and that's all boils down on their project and the team.

[makishart]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

Only a little percentage from the total tokens will be useful. As far as i know the tokenization means to make a complexity. With the tokenization aims make the investors become so easily to invest in the every foundation. As far as i know about the fact that not all of them are working perfectly because the result was depend on the foundation performance itself.

[Yuuto]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

It's to represent a share of their individual networks.

If someone just creates a ERC20 standard token with no project backing it then obviously, it will be completely worthless since nobody would be interested in buying any of that useless token. But if it's a good project, and that token will be converted to coins on the main net, or represent a service on their network, then it'll hold value.

The eBTC token is an example of a garbage token, and in the future these tokens will continue to get dumped to the ground.

[HongKong]

Right now there are so many projects that use ICO, and each project has its own tokens, I am confused, what is the point of token ?, with lots of tokens emerging, will it be useful or just become garbage?

There is no actual point in trying to get people to use the tokens over Bitcoin. people will notice that the tokens that they have were built after bitcoin was.