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Author Topic: PURPOSE OF TOKEN?  (Read 2595 times)
pelipurlara
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September 26, 2018, 05:10:56 AM
 #321

we must be able to support the existence of tokens because the purpose of tokens will usually create a solution to provide good results for world economic problems and can also be used for infrastructure development and some other technological developments
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September 26, 2018, 06:00:07 AM
 #322

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.
Of course there is a purpose of token. You can simply go to their project whitepaper, usually you will see an explanation about the tokens and the use of the tokens. For trading, you better go to coinmarketcap first and search the token you want to trade or transfer it to bitcoin, because you need an exchange to do that. If the token not listed on exchange, that means you can't trade your token into bitcoin.
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September 26, 2018, 10:21:15 AM
 #323

crowdsale are the token sale openings in an ICO project. Token is issued similarly to stock and is usually given the name of the coin when sold to investors. Usually in an ICO project, often the founders will split up crowdsale times. A crowdsale will correspond to a certain number of tokens sold to collect the target capital.
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September 26, 2018, 10:26:05 AM
 #324

Tokens are used in the implementation of ICO projects. They have their own fixed platforms or special applications for mobile devices on the network. The use of these tokens is required when performing an operation within a particular network. In the application, tokens are the main means of payment for transactions.
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September 26, 2018, 10:38:23 AM
 #325

That's also what I want to know for a long time but for now I read some post of other users here that token is important if that project invented it to a purpose. It is a good thing for a fast growing economy that uses a fast transaction also but others exploit it to scam others for a greedy purposes only. 

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September 26, 2018, 10:42:54 AM
 #326

The value of tokens depends on what their market value is. The latter is influenced by people's trust in the project that issued these tokens. Start-ups on ICO at the initial stage are provided exclusively business idea.

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September 26, 2018, 10:52:09 AM
 #327

Tokens are a contract, a receipt, a promissory note with an obligation to provide a person, who owns, a service or goods that are determined in advance. Their issue is carried out by a legal or natural person initiating their release, in contrast to the crypto currency.

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September 26, 2018, 11:17:58 AM
 #328

there are many tokens at this time both those that have been listed in the exchange and only the scam tokens, you have to look further information about the tokens you have, maybe you can ask it through the contacts provided on the website

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September 26, 2018, 11:21:06 AM
 #329

The value of token ultimately depends on its desirability.
Anyone can post tokens on a public blockchain, so only well-designed, well-intentioned and useful tokens can preserve long-term value!

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September 26, 2018, 11:57:18 AM
 #330

The token is very valuable in nowadays. Every ico creates their own token and every token has already given their value. According to time, you can convert that token into Ethereum.
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September 26, 2018, 12:04:22 PM
 #331

Tokens of crypto currency are used by the company to collect investments in the development of its project. You can buy tokens at the ICO or crypto-exchange stage.

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September 26, 2018, 12:08:17 PM
 #332

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.
Each unique project has its own token deployed through the smart contract. These tokens convert into coins ahead when they get listed on with some major exchanges.
Tokens are meant for trading and they can be assumed similar to the stocks purchased for any individual firm. Demand and supply factor controls the price for the tokens.
The price for the token also vice-versa depends upon the growth of the project.

   
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September 26, 2018, 12:44:03 PM
 #333

Buy tokens through exchangers and exchanges. The most popular tokens are available in all major exchanges, but quite often certain coins are present exclusively on one.

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September 26, 2018, 12:45:54 PM
 #334

Investing in tokens is a lucrative form of earning on the Internet. You will need to select a project that has good prospects. After he went to the stock exchange, you can either sell tokens, or receive interest accrued from their holding at home.
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September 26, 2018, 12:47:59 PM
 #335

The principle of earnings with the help of tokens resembles standard shares, but there is an advantage: after entering the exchange, the cost of tokens begins to increase rapidly. Their price can rise in price several dozen times, whereas the value of shares from large companies, as a rule, does not change so quickly.

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September 26, 2018, 01:10:01 PM
 #336

As a function of the token, there are issuers all in the token, and it can be said that the issue volume can be controlled.
In short, you can publish to anyone with technology.
As a result, tokens are used as a funding tool for issuers.
Issuers who wish to collect funds to do projects will collect funds by investors who issue tokens that are the original virtual currency and purchase funds.
The issuer operates the business with the fund and gains profits.
If the value of that token rises, investors can gain  benefits.
This is called IC0 (Initial Coin Offering) and is gaining attention as a new investment method from investors as a means of new financing to convert to equity etc.
It can be said that tokens have properties similar to "stocks".
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September 26, 2018, 01:27:08 PM
 #337

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.

Token is a holder of value generated by a project (namely its product).
Also there are tokens that can be used only inside the project's system (paying for gaming valuables, purchasing services, converting tokens to some reputation points, etc.).
If you are talking about tokens you got from ICO, bounty or airdrop, you could first convert them to Ethereum and then buy some btc for eth (that's what most investors eventually do).

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September 26, 2018, 01:50:32 PM
 #338


i think they create it to implement for real live.
some ico token to make transaction in their platform, so the people that have it token will have great advantages compared to those who dont. but, there are many ico, token just token. for formality to make money. save some fund for develop their program, and other to them self.

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September 26, 2018, 01:55:45 PM
 #339

Tokens are actually the crypto after it will be listed in an exchange. However, if it is still not then it is called as a token. Perhaps this is the term used for things that has no value yet given to the investors. Token will going to present to a project investors for the assurance that there investment will not go to nothing.

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September 26, 2018, 02:29:07 PM
 #340

Knowing the features of the system, you can buy tokens, which in the near future will bring significant profits. But even if initial investments are small, preparation for investing and studying the entire system of tokens work are important.

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