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Author Topic: PURPOSE OF TOKEN?  (Read 1732 times)
13risingforce
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May 29, 2018, 03:52:16 PM
 #141

I think the purpose and mission of each token is for a payment system, but no one forbids to make a token an asset that can be invested because of the high enough value of the token. And each different token has a purpose for different payment systems, such as for payment of transformation tools, health care payments and more.
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May 29, 2018, 04:58:59 PM
 #142

Hi guys, this just bother me long time ago, and just popped up recently..

What is the purpose of token?

I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.

Thank you.
Useless tokens keep being created because some people see this market as an opportunity to enrich themselves, the same happened with the dotcom bubble, there were very serious companies that have become incredibly powerful but there were also many companies that disappeared after a few years and the same is happening with the market of icos.
Leanna44
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May 29, 2018, 06:17:56 PM
 #143

Every ico has its own token. They give their token name. Tokens are different because different company does it. To not confuse the people where they invested. Some tokens has a purpose for their company, some is not because it is scam.
Thanks for the great ideas if all mates here,thats the one thing i didnt know too about tokens,so i have a better knowledge now how does this tokens comes to and their great value.
energycom
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May 29, 2018, 06:51:16 PM
 #144

As far as i know, they have site for their token and that site will have the information that you need in order to determine if what is the purpose of your particular token or what it is all about. A token is mostly from the ethereum blockchain and they created token because of their ideas that they want to share to other people to possibly solve a current issue.

Some tokens are used inside applications designed in Android or ios. Some of the tokens are utilized for product or service purchases. They are the usage of those tokens. Some of the tokens are like securities.
kwabeedat
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May 29, 2018, 06:51:55 PM
 #145

I don't know the type of Tokens you're talking about, but looking at your post it seems your project just started so you should give some more time. Take a look at the whitepaper and see when full operations begins (some in months/years). Also there are many different tokens because there are many problems in the world that needs to be solved and blockchain and crypto will continue solving day by day

okakaynam
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May 29, 2018, 07:14:42 PM
 #146

The purpose of token why some company created it and name it because of their project that related to crypto currency. Many countries created their own token to make their project become successfull by the use of blockchain technology because there is a lot of investors in crypto currency that can possibly make their project to be successfull.
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May 29, 2018, 07:32:44 PM
 #147

I also do not know the exact destination. but this seems token a warranty for investors who invest their funds for ICO. if you want to make the token a BTC, then you have to transact it in the market. that also if the token has entered into a market crypto.

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May 29, 2018, 07:37:19 PM
 #148

Hi guys, this just bother me long time ago, and just popped up recently..

What is the purpose of token?

I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.

Thank you.
If you have a token then look at its name that which token is that after that search for it on google you will find the coinmarketcap link from google about that coin. There you can find the details of the token and can find that for what purpose this token was created. At there you can also find that on which exchanges that token is listed after that go to that exchange and sell that for bitcoin if you want.

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rainezerr
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May 29, 2018, 08:01:12 PM
 #149

Hi guys, this just bother me long time ago, and just popped up recently..

What is the purpose of token?

I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.

Thank you.

The purpose of token is to represent the coin that an ico is selling, and tokens is just an altcoin that is commonly used term for every cryptocurrency in the market that is being made by an ico.

yuukireit
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May 29, 2018, 08:06:57 PM
 #150

well many token right now is more like an stockholding from its company similiar like that, because we was exchange or investement in something like that was it
billknight
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May 29, 2018, 09:12:43 PM
 #151

Hi guys, this just bother me long time ago, and just popped up recently..

What is the purpose of token?

I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.

Thank you.
I think the token was created to help diversify the electronic money market. There are a lot of altcoin created every day, A small number of coin platforms are available for trading. while the rest of the coins are for the purpose of nonsense
lokanot0
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May 29, 2018, 09:21:26 PM
 #152

Each token has their own purposes, it is created by each ICO for the purpose of and especially because of funding the project.  When that project is successful, they use the token as fees to pay for their services or products.
trand
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May 29, 2018, 09:24:30 PM
 #153

It is for companies and individuals to develop their project and bring new product to the people. If you think that their project is good, you can purchase their tokens during ICOs as a way to support it

Samtob4
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June 17, 2018, 05:47:29 PM
 #154

Token are alternate crypto coin that are supported by ERC20 just look for exchange where the token was listed and sell you can turn to ethereum or bitcoin from there, token is a money for you....
Lesterus
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June 17, 2018, 05:50:29 PM
 #155

Hi guys, this just bother me long time ago, and just popped up recently..

What is the purpose of token?

I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.

Thank you.
Token are alternate crypto coin that are supported by ERC20 which can be trade in the exchange where it is being listed. This can help to have ethereum coin which can be used to buy bitcoin depends on it exchange. Some are directly change in bitcoin depends on the team that created it.

Yes and token is the the crypto coin that raised by many intial coin offerings and could trade in different altcoins. This coin can give us profit if we choose a good ICO's to invest.
BantiHanter
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June 17, 2018, 07:04:25 PM
 #156

The purpose of making a token is as transaction/payment tool in a project itself, I think that's the goal.
Rubick99
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June 17, 2018, 08:53:07 PM
 #157

Tokens are created from developer to be an alternatif payment for the project. Its depend on what project that is, what purpose about that project, you can read on whitepaper.
For example bidium is exchange which combines the power of Advance Auction with Freelance Hiring on top of Blockchain Technology.
izay
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ICOForums.net - A Cryptocurrency & ICO Forum


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June 17, 2018, 10:25:16 PM
 #158

Those existing ICOs have their distinct tokens. These tokens are use for their platform and can be change into fiat once they listed on some exchanges. Tokens are use to pay those services offered by the projects. There are some uses of the tokens depending on how it is operated by the said project.

ejandjm18
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June 18, 2018, 06:22:05 AM
 #159

Token economies are based on operant learning theory, which states that rewards and punishments shape behavior. A token economy rewards good behavior with tokens that can be exchanged for something desired. A token can be a chip, coin, star, sticker, or something that can be exchanged for what the student wants to buy.
rosepetals
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June 18, 2018, 06:54:19 AM
 #160

Hi guys, this just bother me long time ago, and just popped up recently..

What is the purpose of token?

I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.

Thank you.
Tokens were altcoins that has purpose,it can be used in their platforms or can be traded etherium,then to bitcoin.They can be hold for long term investments and wait until it pumps up and can be converted inorder to earn profit from it.If you hold one try to research if it is already listed in some exchanger so that you can benefit from it when the value starts to rise up.

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