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Author Topic: PURPOSE OF TOKEN?  (Read 2664 times)
boyz97
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September 11, 2018, 04:43:56 AM
 #281

i want to say it is way for start up to raise needed money
But reality is to steal our money
That second purpose still overcoming first one
i am agree with you,some project just using token as camouflage for their project to earn money from beginner investor.they dont understand many thief trying lie to us by make new project.
and that is happen to us now.many developer team left their project after collect huge money from investors.and no more developtment.ico project often used to cheat other people.

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UchihaRukawa
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September 11, 2018, 05:07:40 AM
 #282

The tokens that you are talking about is a coin just like bitcoin that is used for something, for example, I am selling my product, and you wanna buy some, I can sell you as much amount of my product that you want, but you cant buy it with money, but I have this coin, you can buy this coin with your money, and buy my product with this coin. I think the main objective of this whole cryptocurrency system is to get rid of the paper money or the physical money that we have.

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September 11, 2018, 05:24:40 AM
 #283

Most solid blockchain projects are geared towards solving a particular problem and to this, they often require fund which is why they conduct crowdsale and issue their token to the public. Moreover, even after project implementation and completion, more work such as improvement and expansion are often needed, this are some of the reasons for creating tokens.

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September 11, 2018, 05:42:36 AM
 #284

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.
playbtcgame
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September 11, 2018, 06:26:10 AM
 #285

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.

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September 11, 2018, 06:34:38 AM
 #286

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.

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Yasinionela
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September 11, 2018, 08:57:39 AM
 #287

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.
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September 12, 2018, 08:01:03 AM
 #288

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.

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September 12, 2018, 08:15:13 AM
 #289

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.

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September 12, 2018, 08:22:43 AM
 #290

Be careful because many tokens and coins are being created that after a point fraud has begun to happen.
Lexurdania
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September 12, 2018, 09:22:53 AM
 #291

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

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September 12, 2018, 03:39:56 PM
 #292

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.

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September 12, 2018, 04:17:59 PM
 #293

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.
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September 12, 2018, 04:38:44 PM
 #294

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.

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September 12, 2018, 04:47:25 PM
 #295

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!

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September 12, 2018, 05:36:59 PM
 #296

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
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September 12, 2018, 05:56:00 PM
 #297

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.

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September 12, 2018, 07:58:55 PM
 #298

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.

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September 12, 2018, 09:49:59 PM
 #299

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.
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September 12, 2018, 10:15:16 PM
 #300

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.
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