PURPOSE OF TOKEN?

[alex3.alex03]

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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[Kira_lapa]

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.

[fortuner]

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

[ganlianshifu1]

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!

[Allenw]

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.

[Andrey13101991]

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.

[surfer43]

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.

[Metall303]

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.

[canej]

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.

[LeetPoolsOP]

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.

[jun yamamo]

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".

[rasp]

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).

[dimox]

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.

[jademaxsuy]

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.

[izza123]

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.

[South Park]

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!

Not true, you are assuming that people are completely rational when they take decisions and anyone that has been living in the real world knows that is not the case, there have been many cases of coins that were clearly scams and that many members of the forum claimed from the very beginning that was the case and yet people keep investing in those coins because they thought they could make money.

[jatin729]

Purpose of token is to give incentive to investors so that they can do trading similar as people doing trading shares in stock market. Mainly tokens have generated for incentives people for investment or running super nodes.

[Lhaine]

Purpose of token is to give incentive to investors so that they can do trading similar as people doing trading shares in stock market. Mainly tokens have generated for incentives people for investment or running super nodes.

Yeah exactly, you should know that the purpose of token is to give incentive and to give profit to the investors even though sometimes it can not happen because of after listing in exchange the price will dump, that's why you need to be wisely everytime.

[giacatluong]

The more people using the token, the more Altcoins will be. I think most people will at least hold the minimum amount to trade. The supply will also be limited because the tokens are locked for a certain period of time when you decide to trade.

[rosemary4u]

From my readings from many sources, tokens are generated forms of a digital currency that are usually sold during initially coin offering (ICOs) and sometimes through airdrops. Tokens are meant to be used for undertaking a particular project. For instance a project about car sales, would use its  tokens as a mode of payment when the project is fully implemented rather than using fiat currency or any other digital currency.