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Author Topic: PURPOSE OF TOKEN?  (Read 1470 times)
Btcallans
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June 18, 2018, 12:25:09 PM
 #161

Tokens are usually some form of money, but often it can represent something else entirely — membership in a program, for instance, or proof of ownership. In crypto, it serves many purposes, but they are almost exclusively financial. And one great benefit of crypto tokens is that they are, by nature, exchangeable for other forms of value.
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June 18, 2018, 12:40:54 PM
 #162

Purpose of token? are you read the whitepaper of your token? If you already read the whitepaper you will know the purpose of the token. Token = cryptocurrency like another. Token have any purpose, depends on the platform as service.
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June 18, 2018, 01:33:19 PM
 #163

Capital mobilization projects will issue their coin and sell the Token to be issued on a coin basis. For example, the majority of today's tokens are released on the Ethereal platform
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June 18, 2018, 03:13:57 PM
 #164

This response is positive, hehhe. You can tranfer to Ethereum or Bitcoin only those tokens which are already listed on a particular exchange platform, so check this out.

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June 19, 2018, 01:01:30 PM
 #165

Token is like a coin, but not all the tokens are legit and able to be exchanged, so try first to find out, which is the terms for that particular token that you have.

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June 19, 2018, 01:42:24 PM
 #166

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 main use of token is for exchanging it to other valuable thing . People made token as a replacement of natural money . It can be use to buy and so many other thing .

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June 19, 2018, 03:13:10 PM
 #167

In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project launches.
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June 19, 2018, 04:02:06 PM
 #168

Token is based on a coin basis. For example, the majority of today's tokens are released on the Ethereum platform based on the ERC-20 standard. Some other tokens are based on NEO, WAVES, STELLAR, and Bitcoin platforms.
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June 19, 2018, 04:07:07 PM
 #169

he purpose of using a larger token can of course be used for payment. A token can be a fuel for a network of operations (GAS) or a unit of exchange in a storage application and a wallet developed specifically for the base.
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June 19, 2018, 04:12:05 PM
 #170

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 is a terminology that is being widely used by different ico, this companies are creating their own block chain in order to generate a cryptocurrency of their own and they will sell it to the investors by creating a platform where everyone can have their profit depending if the ico will be successful.

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June 19, 2018, 04:19:20 PM
 #171

Tokens are your coins that you get for your work. If the project is successful, the growth of coins can be positive. In this I believe all bounty hunters) also you can convert their tokens in bitcoin or Ethereum, let even this and will total thousands of share of.. but you will have a tiny share, but bitcoin  Roll Eyes



I think Some tokens have a purpose for their company, some not because it is a scam.
Each ico has its own token. They give their token name. Tokens are different because different companies do it. Not to confuse the people in which they invest.
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June 20, 2018, 03:55:23 AM
 #172

Wait, what? Did you just invest in a coin without knowing its purpose? Before you invest into something you should know its overall purpose, target market, and the team behind it. Because you invested to that knowing it will be big someday and that particular idea is worth something!
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June 20, 2018, 03:58:01 AM
 #173

I think what you're saying is an alt coin. We use the term token for every crypto currency in the market. We also use coin and stuff like that. If you're talking about an alt coin then you can convert that into an Ethereum and then BTC. You have to take into consideration that to convert an alt coin you will be charged with a conversion fee of sorts.

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June 20, 2018, 05:08:41 AM
 #174

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.

Bitcoin is also known as digita currency and I think the purpose of tokens is to promote their project, They use it as a rewards for the people who promote their projects because this is easy.People promote project and then their rewards  (token) can exchange to become currency money.
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June 22, 2018, 02:08:57 AM
 #175

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.

Bitcoin is also known as digita currency and I think the purpose of tokens is to promote their project, They use it as a rewards for the people who promote their projects because this is easy.People promote project and then their rewards  (token) can exchange to become currency money.





For me token is uses of bounty and token is like a cryptocurrency and we can sell it if the price of token will goes up like the cryptocurrency and i think token is good also for investment because token will goes up and get a huge profit if the token price will goes up.

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June 22, 2018, 02:38:07 AM
 #176

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.

We have lot to speak on crypto tokens. We have hunters here so just think how important it's felt. Even bitcoin was a token and yes the first token. You might have heard of pizza was bought for so many coins.  So just compare the value of bitcoin when it was tokens and now as a dirt ever coin with a huge value. People invest in tokens hoping the project will reach everyone and thus the tokens will gain values. When the token values is increased the revenue is increased.

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June 22, 2018, 02:39:36 AM
 #177

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.
usually from some tokens developed by the project must be part of the concept of a project being developed. and if the project succeeds with the number of investors who buy a lot of tokens, I think tokens can be used for investment tools that are very profitable for everyone who wants to join the project.

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June 22, 2018, 02:44:13 AM
 #178

Token are many different uses but like the other said here its turning to scam .They are use for the payment for the product or to avail the services you need to have a token for trading or voting .If you carefully read the whitepaper or the project of ico`s you can understand the importance of it .As of know i see many token or ico`s until now has still alive and success .

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June 22, 2018, 03:36:59 AM
 #179

 are you known? Token is based on a coin basis. For example, the majority of today's tokens are released on the Ethereum platform based on the ERC-20 standard. Some other tokens are based on NEO, WAVES, STELLAR, and Bitcoin platforms
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June 22, 2018, 04:49:45 AM
 #180

if my opinion the purpose of token will be converted to ETH, but if to exchange the token to ETH we have to see first whether the price of good ETH tau bad, if the ETH price is good token we can be converted into ETH, if it becomes ETH we can exchange the ETH to BANK.
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