ICOs should only create Tokens with Working Products or Services

[Glory90]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

unfortunately only a few teams really prioritize that desire and we can't prohibit irrelevant projects, irrelevant projects will always appear if there is still demand therefore investor awareness is needed to kill plagiarism projects and projects that don't have products

[tableofcontents]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

First of all, I strongly believe that those kind of Ico that is only used for trading, will not even last for a month or two in the market. The ICOs that has true value will be the only ones who will survive in the market.

[Bencus]

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

Amen to that, exactly my thoughts. ICOs are kind of stuck in the world of cryptos, only focusing on the ones already using cryptocurrencies. That is not a way to go, crypto will die if it will not appeal to the average man.
It should appeal, by affording a better alternative to a problem.

[Bttzed03]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

I agree with this one. Gone are the days of just promises and hype. Having a MVP or prototype should  be the new standard for ICOs. I just hope investors should be smarter by now.

[indopool]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

I understand your sentiment but there is no regulatory body to enforce or implement this policy. So in the short term, projects will be born every day, duplicates of other projects in the past but investors are still easily fooled into installing investments. I'm not saying I disagree with you, what I'm trying to do is that it will be difficult because the market is free.

[RomertL]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

I am totally agree with you. Any project should be useful for society and should bring something new in ours lives.

[AdoboCandies]

Myabe that is right but there are some tokens that doesn't have working products but helps the society there are some utility tokens and there are some ICOs that their main goal is to cure some disease or also solve some problems in our community some tokens that have working products are also good and helpful but not all some are for entertainments and some are for illegal things but it is to our society though.

[nieninja53]

According to the day by day new technology, the ICOs are playing a vital role by creating tokens with working products or the products they are producing products with their ICO.

[MrSpasybo]

Agree with you, community want to check working product not just MVP or Whitepaper.
I only join ICOs, which are created by famous working companies. For example: Organicco, they have company, solutions and partners around the world.
Invested 5000 GBP and wait for his platform on blockchain.
You can check this potential project here: https://bitcointalk.org/index.php?topic=3379079

[skeletica]

you're right, I see very rarely tokens that last long enough, only a few months or even a few weeks after the ICO after that the tokens are forgotten / have no value at all.

[Bezuprechnyj]

Of course, the topic starter rights. But when choosing a project for investment, you are probably working on information about it, and do not invest in a dummy. Projects that do not carry any value are unlikely to attract enough funds. And if you mean that to the ICO time project should already have a working product, then on what means should it create this product?

[anobtc]

Agreed!

Upcoming STOs, for example, create a technology/platform behind it before the actual launch.

I agree. The upcoming mainstream in crowdfunding by crypto is Security Token Offer. They need to have at least a product and compliance regulation, before receiving investment from individuals as well as organizations.

[Nggedebus]

There are indeed many coins/tokens that are created for trading purpose only. That way the coins will be useless if its  related to any other things than trading and some kind of investment.

[kryptqnick]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

I agree with you. Tokens are not een supposed to be traded that much, imo, they are supposed to be used for acquiring some goods or services. ICOs are ways of monetizing the actual businesses by allowing to access some things with decentralized money. Trading is alienation from initial purposes, because people don't care about what stands behind the names, they only care about price dynamics. And there aren't many tokens that are actually representing some projects. Best case scenario, we are talking about a token and a newly formed company with huge ambitions to become useful one day by helping to distribute energy, manage online adversiting or make the world accept their debit cards. That's why I like an ICO that hired me recently. Though I'm generally sceptical about ICOs, this company already has its product in three countries and partnerships all over the world. An ICO is just a way to expand for them, to add some new features to a well-established business. And that's how they all should be, imo.

[YuginKadoya]

There are indeed many coins/tokens that are created for trading purpose only. That way the coins will be useless if its  related to any other things than trading and some kind of investment.

What? It is sure that all coins have been using in trading and I think this is an aspect for Cryptocurrency for most coins to survive, But A coin should have a base product or services for it to start, Just like bitcoin the soul purpose for it was its unique digital transaction that all other coins are being using right now, It seems that the blockchain technology was the thing that all has been using, And if your not familiar for a coin to start you should read more in the forum, All coins that have been produce now needs a unique services or product to simply start.

[vinayak2628]

Normally most of ICO tokens is utility token. They coin is specifically use for that product use. But exchnages give them real prices...

[gomeZLTC]

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

Every ICO is created to solve some social problem. However, they don't get past the exchanges.

You're right, that's what happened. Everything is included in the whitepaper, but everyone can compose, lol. So choosing an ICO project must be careful. Previously I had succeeded with IOST, after that, I was not interested in other ICO projects, maybe only DAEX that already tradable before public sales that caught my attention.

[milah_ah]

I agree with you. The project that offers a work product is very important to me. Unfortunately, there are very few such projects.

[ND_INVEST]

We are starting an AIRDROP and then laucning an ICO in 2018-2019. Our website is still in development, but at least we have the real product (mainly automobiles and real estate). You can check it out here: https://www.ndinvest.ltd/?lang=en&NDC=1&sbm=1&payment=BTC. We are going to make ANN thread and add other relevant information soon. Stay tuned!

[andthereyou]

Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

Not all projects create tokens for the purpose of trading. Maybe they are not just capaple to make a working product.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

Yes I agree but sometimes the development of the projects to create a working product takes time. Also we can track it on their roadmap or announcement channel. But if they can't follow their roadmap then that's red flag

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

You should not worry. All useless tokens and coins will eventually die and only those useful token will stay.