PURPOSE OF TOKEN?

[Affilate User]

the purpose of tokens will usually make one solution to be able to provide good results for world economic problems and may also be used for the development of infrastructure and some other technological developments, so we must be able to support the existence of these tokens.

[1714770076]

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[1714770076]

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[playbtcgame]

The purpose of a token will be dependent on what the hunter or investor with the token wants to do with the token. Some like to invest with it and others too wants to hodl till it gets to an amount they expect.

[OrangeII]

The purpose of a token will be dependent on what the hunter or investor with the token wants to do with the token. Some like to invest with it and others too wants to hodl till it gets to an amount they expect.

well, each coin has a different purpose. we only need to look at the whitepaper, or the conclusion of every coin you target. sometimes it has a different purpose, such as activating something or other things.

[Yasinionela]

It doesn't need to be a utility token just to promote and advertise well their commodities in order to attract investors to pour their capitals to their coins but the good thing of these tokens they can be traded to Bitcoin to gain but still it will be in favor of Bitcoin because they are selling altcoins and buying Bitcoin.

[Md.Sufian]

A token should be made in such a way that it can be some good product bought with that token. It should not be made token that no work will be done with a token.

[Ranly123]

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 are created as an initial offering for those investors willing to be part of the project that is initiated by developers of a cryptocurrency. When it hits exchanges, that is when you can exchange it to Bitcoin or dollars depending on what backed it. So tokens are integral part of creating a cryptocurrency.

[WilliamsSean]

Be careful because many tokens and coins are being created that after a point fraud has begun to happen.

[Lexurdania]

The purpose of a token will be dependent on what the hunter or investor with the token wants to do with the token. Some like to invest with it and others too wants to hodl till it gets to an amount they expect.

well, each coin has a different purpose. we only need to look at the whitepaper, or the conclusion of every coin you target. sometimes it has a different purpose, such as activating something or other things.

Most developers creating new project for make people life more easy. There is different functionality token, some token are utility and some for securities. Utility token created to make use more easily using their service

[Ad Baculum]

the token will continue to exist as long as the ico of the project continues to run and the token is just an alternative to bitcoin and tetep being altcoin and will not be able to replace bitcoin. so people can choose bitcoin or altcoin as an investment and others.

Token is the reward that we get from the bounty campaign and it also exit as long as their are bounty campaigns and different kinds of ICO. Token is the alternative bitcoin that is rewarded in bounty campaign.

[Abolaji11]

Token is also know as altcoin( alternate to bitcoin). Different project create there unique token for easy identification to promote and represent there project. You can earn token of your project of interest by investing in there ICO, joining there bounty and airdrop program or purchasing at the exchange if the project is listed in any exchange. Once you have the token, you can trade it, if listed in an exchange, to other coin like bitcoin or use it to purchase there product if the project have a usecase.

[bigmelons25]

Most tokens are pointless, looks like all the token ICO are crashing to zero and they won recover.  Do yourself a favor and only investin in proven coins like bitcoin, eth , monero.

[Harrisonimo]

The main purposes of the tokens/altcoins have not been fully functional as the cryptocurrencies have generally not reached the adaptive stages. The only purpose I see for most tokens now is only to exchange into ethereum or bitcoin and then to fiats!

[brotherwood12]

i think the purpose same as like alt coin , that for make an alternate but its just used with ethereum smart contract not with blockchain type , i just found token that purpose for study , car , and etc

[gabmen]

the token will continue to exist as long as the ico of the project continues to run and the token is just an alternative to bitcoin and tetep being altcoin and will not be able to replace bitcoin. so people can choose bitcoin or altcoin as an investment and others.

Token is the reward that we get from the bounty campaign and it also exit as long as their are bounty campaigns and different kinds of ICO. Token is the alternative bitcoin that is rewarded in bounty campaign.

Well same goes with a lot of new products outside crypto. Tokens are promotions to draw interest anf support from would be users and investors since a lot of people like freebies.

[helen28]

i think the purpose same as like alt coin , that for make an alternate but its just used with ethereum smart contract not with blockchain type , i just found token that purpose for study , car , and etc

Just right, they are almost same, but their difference is that coins has a value and can be used as a medium of exchange and storing value of time, token has a value but they cannot be considered as money unlike coins such as bitcoin, ethereum.

[Gleoth]

It depends on what token you have. Actually, every token in a project has a different purpose. So if you want to know, check the website of that project to know more about of its use. If you want to sell it, then you have to know where that token is being traded. To know more about, you follow their telegram account so that you can ask them questions and you can be updated.

[betame96]

A token is supposed to be used in an ecosystem of a particular cryptocurrency project. You can use the token in that platform or trade it to other cryptocurrencies.

[ucingucingan]

I think tokens are almost similar to stocks in a company but what distinguishes them is their shape, as the function is almost the same as being traded because it has a volatile value depending on the quality of the company and several other factors, if the stock traded on the stock market is different from the token traded in a certain exchange but both of these things have the same purpose

[Aris novianto]

in my opinion, the token will be exchanged to eth, now looking for free tokens in the bounty campaign is very difficult, most scam bounty campaigns, if I have a token I will redeem it to eth, it can be exchanged for money.

[Samolet]

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, of course, can be designed as a cryptocurrency. But often they are designed to include a certain network and stimulate its growth (Network Tokens) or simply provide an opportunity to invest in an object or asset (Investment token).