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Author Topic: This use case even make any sense?  (Read 151 times)
wheelz1200
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January 24, 2022, 04:47:53 PM
 #21

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Reread what you wrote, it's clear to see the only answer.  If a certain token only exists to be able to provide you more tokens what's the point.  Those are 99% all scary or just built for the devs to get more btc/eth.  Those coins/tokens are holding back other great projects.  In a bull market people give on them and give them value but once we are in a full bear it's over and they disappear forever.

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QueenVera
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January 24, 2022, 04:55:57 PM
 #22

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Majority of the tokens created and yet to be created would be worthless on the long run, this strategy you mentioned is just a way to keep investors trusting their money to them in expectation of high reward in future. Investing in projects like this are very risky they are many of them so the chances of them getting dump is very high.

Do not invest just because a project promise you airdrops or burning. The airdrop would obviously be pennies or worthless tokens that they might create themselves and airdrop it to their holders just to fullfil their promise to make more investors to get attracted to the project.
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January 24, 2022, 04:58:35 PM
 #23

On the other hand the altcoins that are given to us are just decoration because they are not valuable Cheesy
I don't know what other people call it but I personally don't like this kind of thing because this is something that doesn't make sense to me.
i'd rather look and be on an old project but get something sure compared to being sent altcoins every few hours but not worth it at all

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January 24, 2022, 06:41:40 PM
 #24

Only rewards makes no sense of course. However we agreed to hold bitcoin which gives us nothing. If you look at a technological and financial standpoint, we increase bitcoin by buying more but we expect nothing else from it, we gain absolutely nothing from holding it. Only thing good about bitcoin is that we believe it will go up. So, when you say that a coin or token only promises rewards for holders and nothing more, even that is more than what bitcoin provides.

Basically the expectations from newer projects are higher than what we have for older projects, look at LTC, why is that even still remotely related? %90+ of all the successful projects that started out in 2021 can be seen as miles better than LTC, but people expect less from it. So, it is not about what the project provides, it is about what you expect from it and we expect more from new projects.

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January 25, 2022, 04:04:41 PM
 #25

Do you know that there are many tokens that offers nothing but rewards when holding them? They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?

Can you name some of those projects?

As i understand, you are referring to staking whereby by holding (or staking) the coins, you either get the same token/coin or you get some more established token as a reward. Such staking options are mostly available on the binance smart chain. I don't like such tokens because they have no use case and most of these projects come to an end without giving us the ROI for holding.

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