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Author Topic: PURPOSE OF TOKEN?  (Read 2664 times)
ggugoienpai
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July 21, 2018, 07:30:30 AM
 #201

The purpose of token is a reward measure to motivate team and project development.
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droptableguy2
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July 21, 2018, 08:01:21 AM
 #202

Generally tokens have value and you can easily convert them to bitcoin via token to ethereum and then ethereum to bitcoin and in some case you can directly convert them to bitcoin. It all depends on which exchange that token is listed and what are the traeing pairs.
There are some fake airdrops too the tokens you get from them never gets any value so can't convert them to bitcoin

My point is to easily convert them to Bitcoin or ethereum and then ethereum on Bitcoin. In some cases you can convert them to Bitcoin. So tokens are projects that are in the process of building up the need to raise capital to create a new electronic currency. Make sure that these financial amounts are later converted to BTC or ETH as the end result. I think so.

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July 21, 2018, 08:13:44 AM
 #203

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.
Since tokens can also be traded, you can find out about the tokens you have so you can find exchanges for which tokens are to be traded. With a lot of tokens emerging then it is definitely the developers looking for profits, but if they can be consistent then in my opinion should be appreciated as well.

Vs225655
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July 23, 2018, 06:52:07 PM
 #204

Very easy. On these tokens people will be able to earn. This is the so-called alternative to bitcoin, ether, etc.
Demanderoca
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August 02, 2018, 03:54:46 PM
 #205

Tokens are those given by ICO's specifically after the plenitude campaign.Once the token is enrolled at grandstand exchange, that is the time you can exchange the token into BTC or ETH whichever you like. Or on the other hand, to obtain more you should hold it for no not as much as a couple of months in light of the way that consistently, its regard will twofold or even triple after 1 or 2 months time. The purpose of the token is to develop their program and get it more known, so people get it or place assets into it. To progress all that we fundamentally need to do is join the variety of bounties they have or basically if they offer this you can get them. If you are planning to win some extra cash I do assume that bounties are the best approach in case you have packs of additional time gazing.
tonysitaly
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August 02, 2018, 04:08:06 PM
 #206

TOKEN can only be a symbol, and I think the role of TOKEN is motivation to motivate people in the community to work together for the project, to motivate the team to work and move forward.

bethooven
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August 02, 2018, 04:11:10 PM
 #207

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 can be tradable in some exchange to became fiat or ethereum or stellar or any coin that is under on that platform. You will have token if you participate in some ICO by joining different campaign or what do you call bounty campaign and this token was already called alternative coin.
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August 02, 2018, 04:36:59 PM
 #208

In some cases, tokens are used to finance companies, in which case they work as shares. Other tokens have specific goals that can not be implemented without them. For example casino chips as analogs of tokens or some store loyalty bonuses.
Most tokens have fixed or limited emissions. Their value is often associated with a proposal: if the token is a limited number, but more people want to use the service with their help, the price is rising.
The value of the token is ultimately determined by its intended purpose and demand. Since everyone can release a token in a public blockchain, only well-designed, useful projects can survive.
Irwandho
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August 02, 2018, 05:51:04 PM
 #209

I think you need to do research if you want to learn and make money. if Token you are talking about is altcoin. They are not just creating it because for your information altcoin or token in in demand in crypto why? Because the price is affordable when you invest there. If you do not know how to use your token or how to invest there
naily
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August 15, 2018, 03:48:34 AM
 #210

almost all crypto currency tokens can be exchanged in the exchange site if the token is registered, the token is given to the investor when he invests in the company, the investor will get a token, which can eventually be traded on the exchange site
lehuong
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August 15, 2018, 03:53:42 AM
 #211

Token is designed to make us have coin Token that is commonly used by businesses for regular transactions and especially Token Online transactions are used in the industry where regular online financial transactions row
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August 15, 2018, 04:08:44 AM
 #212

in my opinion, tokens are created to have a purpose because they want to try to provide solutions to existing problems and with a smart contract from ethereum tokens can be created and try to be a solution or as a solution.


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Ngewex Yuk
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August 15, 2018, 04:40:36 AM
 #213

Of course this is a good thing, the presence of tokens is a unique color in crypto, the number of which is mostly using the ETH platform, of course, tokens are made with special objectives according to the market they want to achieve like gold, gambling, and so on.

princejohn19
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August 23, 2018, 02:24:59 PM
 #214

For me the purpose of token is to promote and advertise their project,so that many people will invest in their project thats why they use token for a reason.
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August 23, 2018, 02:26:53 PM
 #215

The purpose of most tokens is to line up the pockets of the "developers".
Sama517
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August 23, 2018, 02:32:34 PM
 #216

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.
Every token is supposed to have a direct working product which it will be used for or service. But that has not being the case with most ICOs as they have been created just to make money.

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bongnor531
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August 23, 2018, 02:34:28 PM
 #217

Fundamentally, there are two main types of coins:

- utility token: it has actually some role like paying with it within the platform or so. Think of a crypto casino for instance, where the coin acts like money to spend.

- security token: it is more like a regular bond, like you buy into a company. If the company performs well you are entitled to some interest with the token as you are the owner too.
Diablesfunis
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August 23, 2018, 02:34:47 PM
 #218

They are usually a utility token that's going to be used in the platform when the platform itself is live but as you know most project in crypto doesn't have a working platform yet so right now they are used as a speculative asset in exchange. Some of the token act as dividend token and you can get dividend if you hold it in a certain time, they are going to be used in different platform but most of them is utility token.

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August 23, 2018, 02:37:24 PM
 #219

Usually, a token is a reward for any alternative cryptocurrency. Showing how the campaign is sturdy and successful. It shows that token are significantly increasing in attention to any butcoin users to facilitate and moderate campaigns as well as invest their money. Bceuase bitcoin isers do not just post and post, we are also consumers of these platform in one way or another.
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August 23, 2018, 02:38:36 PM
 #220

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.

A blockchain project is often a program and is an open source program.


Free open source programs are not done, and they must be driven by commercial interests.


To issue a Token, the total amount of tokens can be checked, the founding team can clearly have a part, how much, and the tokens can also be checked.


When anyone USES such blockchain project services, it is necessary to pay a certain fee for using tokens.


The more people you use, the more demand you have for these tokens.


The number of tokens is often limited, demand increases, and tokens increase.


To increase the value of the tokens, the project team/developer is naturally motivated to develop the project more fully and to attract more people to use the blockchain project service.

This is the besy token explanation i ever read in this forum,accurate wordings thats been enough to understand even by noobs and newbies,this is what this forum needs the most useful post and the value and meaning of every sentences given in threads

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