Utility Token

[Little Mouse]

We have seen a lot of token/coin with the term utility. Everyone come with a shit idea and say the coin will be utilized in this platform, network etc. But how many of them were ever succeeded? Mb8coin is yet to announce that their products can be bought with mb8coin. Lasr time I see they were discussing about accepting half with mb8coin. How can they say like this?
How many utility token/coin you know have real acceptance in their said/promised network? Please share some of them.

[1715485905]

1715485905

[1715485905]

1715485905

[rat03gopoh]

Nothing.
I've participated in many projects with this type of token. Even though they achieved the sales target, the team didn't provide services to activate the token function. All time is only a plan. Tokens are only allowed to circulate on the exchange and eventually, their tokens seem to lose their original function and don't differentiate from other junk tokens.

[bgaf]

How many utility token/coin you know have real acceptance in their said/promised network? Please share some of them.

Not so many have the use cases or purposely utility of their token as promised. But as far as I can remember pundiX tokens have been used globally on their XPOS machine of their affiliated partners and firms. Apart from being utility the only I know who really uses this are the exchanges as they make discount on their tokens for using the exchange in trading such as Binance, Kucoin, bitmax and many exchanges.


With regards to new project. I think cartesi has a good grip of usijg their ctsi for their current dApp to fuel their tower defense game but this is still on beta phase. Like also the use case of mb8coin, I think one of the altcoin that really works like other utility tokens.

[Bitbtc8]

Believe me not all projects will fulfill their promises and aims, some are just for the sake of promoting the project and that's it, once trading start on exchange the team will feel relax and you won't hear anything good about development again

[Akiko]

Believe me not all projects will fulfill their promises and aims, some are just for the sake of promoting the project and that's it, once trading start on exchange the team will feel relax and you won't hear anything good about development again

You are right not even visiting the telegram group that they are active answering any queries from investors at start. they are only using nice words and promises at early stage of ICO, but after its complete they will abandoned the project after making money  from it. I also see many project deleting all of their social media channel after the success of ICO.

[Tipstar]

There were many promises of utility coins and hardly any delivered. Some coins that host other sidechains or dapps comes in work once a token/dapp is issued over it. ETH works in that way, TRX is quite famous among gambling dapp like wink, EOS too has it's own dapps. Rest of that genre, every utility token has failed to deliver be it Vechain, one of the oldest retail token.

[dingo25]

Just look at this coin: https://coinmarketcap.com/currencies/polis/

And some of the things you can do with it:

https://twitter.com/PolisPayApp/status/1238173272845385729

https://medium.com/@PolisBlockchain/polis-project-q1-recap-01-01-to-03-31-ba6a4ab60f31

And a VISA debit card soon. You will be able to spend you coins just like fiat. This is a sleeping monster that will explode in the next months.

[Mighty_crypt]

I'd rather stick with Bitcoin and Ethereum instead of any utility tokens, they never live up to their standard, belief me I've followed many in the past and till date they don't met up to my expectations

[lobo13hf]

We have seen a lot of token/coin with the term utility. Everyone come with a shit idea and say the coin will be utilized in this platform, network etc. But how many of them were ever succeeded? Mb8coin is yet to announce that their products can be bought with mb8coin. Lasr time I see they were discussing about accepting half with mb8coin. How can they say like this?
How many utility token/coin you know have real acceptance in their said/promised network? Please share some of them.

As far as i know if DAI is the best coin with various utility on its own platform and if you are looking for another utility token and you can try to use https://tokenmarket.net/blockchain/all-assets to get the more list to the utility token. It's a database that created by token market. I would not say if you can trust it 100%

[Text]

They were just hard at the beginning, convinced the investors that their project would succeed, but, in fact, they would only succeed in raising money. You can only see roadmap plans but not always what you expect to happen. It is s also difficult to build a project that is just in mind and out of work especially in today's highly competitive environment. They thought that listing on the exchange would be okay, but that should not end there. They will continue to fulfill the promises they made when they were just starting out.

[FatFork]

The value of the token depends significantly on the value of the particular service. One has to wonder how useful a product or service they offer is to attract a user to their network? Only a few projects offer real utility purposes for their tokens, most of the others are either scam or failed to meet the expectations of investors.
I am sure that the vast majority of projects could be executed quite well even with existing coins without the need to create a dedicated token.

[suryapro]

indeed many functions actually are promised by every project for users who use what they have. but personally I do not really understand about the function of the token. so who understands the function of each of these tokens is not us, because we only want our tokens, have a sale value in the market

[Lantind]

Believe me not all projects will fulfill their promises and aims, some are just for the sake of promoting the project and that's it, once trading start on exchange the team will feel relax and you won't hear anything good about development again

Yes, that's right, indeed not all projects can realize their promises and goals well, only a few projects are able to make their goals and promises go well, so because of this everyone must be clever in choosing projects so that we can all be lucky and not be deceived by projects that are not qualified.

[pakhitheboss]

We have seen a lot of token/coin with the term utility. Everyone come with a shit idea and say the coin will be utilized in this platform, network etc. But how many of them were ever succeeded? Mb8coin is yet to announce that their products can be bought with mb8coin. Lasr time I see they were discussing about accepting half with mb8coin. How can they say like this?
How many utility token/coin you know have real acceptance in their said/promised network? Please share some of them.

There have been a lot projects in crypto space who have used the world utility to utilise the investment of investors for their own benefits. Till today there are so many projects coming up with the same idea.

None of those utility tokens have actual usage and in my opinion it is always safe to stay away from such projects in the first place.

[Little Mouse]

It's sad. I really can not see one good project of utility token. Everyone promises in the roadmap and forget everything after raising fund.

Just look at this coin: https://coinmarketcap.com/currencies/polis/

I know about Polispay and they are doing good till now, no doubt. But with such a utility token, they are not going too far. Anyway, thank you.

[passwordnow]

The casinos that does have their own utility token. It's not the actual product but you can enjoy using their very own token to dice or any game that they have on their platform. And the same scheme with the exchanges that they have.
I haven't looked to the polispay but looks like it's quite popular to the others because they're suggesting it.

[Rajasekar]

Noway days In the cryptocurrency industry has too many Cryptos and Tokens.

I'm really excited about Playfuel and Homeros Utility Tokens. These Tokens are new to Crypto Industry I have Researched about their security system and concept. It's really nice and profitable for Gamers, Developers, Investors.

Just check their websites get more details and please share with me if you got any issues.

Playfuel - https://playfuel.io/


Homeros - https://homerosnet.com/

[suzanne5223]

Little Mouse, I guess you're missing the aspect that crypto investment is risky (especially new project) and investors should only invest the amount they can afford to lose. Besides, i also believe you didn't notice that 96% of a new project that enters the crypto market/launch their ICO or IEO in the year 2018 used hype to get their investors, an example is karatcoin which the project team is nowhere to be found. But the MB8 case is somehow different because they are live now and if they are accepting half of MB8 to be use by people is because they want to make sure the price of MB8 is appreciating which is what all new genuine project are doing these days.

[target]

The users who tend to invest in these type of coins are the ones expecting the project to have a community that trust the team to develop a good platform. ETH is one of the utility tokens too. There are some that succeed and some didn't. Picking the right project I would be crucial to bounty hunters in order to get paid. Mb8coin launched their project in critical times, they're lucky they still have survived the season.

[Coin_trader]

The users who tend to invest in these type of coins are the ones expecting the project to have a community that trust the team to develop a good platform. ETH is one of the utility tokens too.

Excuse me. ETH is not a utility token. It's a mineable coin. It's ETH blockchain that  many utility token use as there ecosystem. You will notice that most token is a utility token so that they will have no hassle against SEC. As you notice, SEC (don't have/maybe have a little) jurisdiction against utility token IEO/ICO that's why it's the perfect way to do ICO/IEO without any much responsibility by the team.