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Author Topic: Utility Token  (Read 482 times)
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April 27, 2020, 06:40:38 AM
 #41

Most token/coin makers do not really have any use so they are referred to as dead or shitcoins. Investors simply believe in fake projects that will never happen. It is noteworthy, though, that investors are now wise and have learned of the acute investments of 2017. But others have actually left the crypto world because of the irreparable damage caused by the losses.
It will take a long time for developers to succeed in their project, and every effort is made to make sure it works and is useful.
It should be removed from the goal that when listed and the value of the token is there they are finishing their work. They will make sure that it will continue to work because it will all be in vain if it is ignored.

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April 27, 2020, 07:26:04 AM
 #42

I wouldn't say all are useless because I know a project in partnership with Binance and Okex at the moment which serves as a payment portal for commerce outlets in Hong Kong e.g. Pricerite. The utility token can be used in Cela Vi hospitality outlets too. So I believe that some of these few projects still offer practical utility
Yea, only a small fraction of them have some (limited) utility. Like I said, the majority is for staking purposes to get discounts and airdrops. ETH and EOS, for example, are also a utility token to use its network. But in reality, most users haven't deployed any smart contracts, but only use it as a currency. If it's for e-commerce, they can directly use existing cryptos, and no need to create another token.
In other words, I haven't seen any utility tokens that I desperately need to "consume."
I assume there won't be many useful tokens that could live for a year+ in nearest future, since the market is really fed up with all these useless tokens.
however I believe that there still will be a lot of partially useful projects that will be adopted by such giants like binance or coinbase
that way fresh developers could monetize their work anyway
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April 27, 2020, 07:44:46 AM
 #43

I have never used a token utility for my purposes because some platforms are constrained by regulations. The development of the token utility seems to be stagnant and maybe only the token exchanger works just like in whitepapers.

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April 28, 2020, 10:39:09 PM
 #44

I have never used a token utility for my purposes because some platforms are constrained by regulations. The development of the token utility seems to be stagnant and maybe only the token exchanger works just like in whitepapers.
I haven't use utility token for my want before but the reason why most utility token stagnant in terms of price is because most of them only base their concept on utility while they ignore the parental platform which they ought to put in their number one priority along with utility.

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