What do you think about Rewards Token Projects in general?

[Amjado711]

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

examples are:

$EGC    which you receive BUSD as dividends
$SFM    which you receive SFM as dividends
$ALTS   which you can receive any BSC token of your choose as dividends

[Samurai trieng]

I think gift tokens are a very annoying thing, right, where these tokens are not registered in any market so the tokens that enter our wallets become trash, most likely the gift tokens are the efforts and efforts of irresponsible people to hack our wallets have, therefore we must be careful and ignore tokens whose origins are not known.

[terciduk123]

Reward tokens? What do you mean by that, maybe you can explain it more specifically, whether reward tokens are tokens obtained for participating in Airdrops, competitions, completing tasks or rewards for participating in bounty campaigns. or maybe you mean a token of appreciation for following the staking program

[viananda2525]

still unclear question , so far i am never know what reward token mean. usually developers team allocate some token for airdrop, bounty campaign and if that OP mean this is best place to find our many free token by joining in bounty campaign. and becarefull about unknown token that usually suddenly come to our wallet meanwhile we never know where it come from.

[Amjado711]

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC    which you receive BUSD as dividends
$SFM    which you receive SFM as dividends
$ALTS   which you receive any BSC token of your choose as dividends

[bittick]

Very bad tokens for sure. This kind of projects were putting very big task as the main source to get income rather than pegged on the performance of its product. If the product working so well and i do believe if this will also give a very good impact to the price. This will not sustain for long term. people will not always paying the big tax only for a single transaction. Im seeing so many projects used this kind of strategy have become failed project.
it may looks so attractive for long term but in fact if this kind of project can't sustain for long term. You must always be careful with it. This is not good as an investment

[Amjado711]

Very bad tokens for sure. This kind of projects were putting very big task as the main source to get income rather than pegged on the performance of its product. If the product working so well and i do believe if this will also give a very good impact to the price. This will not sustain for long term. people will not always paying the big tax only for a single transaction. Im seeing so many projects used this kind of strategy have become failed project.
it may looks so attractive for long term but in fact if this kind of project can't sustain for long term. You must always be careful with it. This is not good as an investment

So you're saying if these project dos not sustain them self and find another source of revenue rather than the daily volume it will fail?

what if they have apps and services that could drive more demand to the token it self? 

[terciduk123]

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC    which you receive BUSD as dividends
$SFM    which you receive SFM as dividends
$ALTS   which you receive any BSC token of your choose as dividends

If that's what you mean then at first I thought all such projects would die quickly because when the trading volume gets smaller then less dividends will be paid and the project will die, But now it seems different, if the project has a useful product and get a lot of users then there is a possibility of a longer lifespan, you can take a look at Helena tokens.

[Lexurdania]

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC    which you receive BUSD as dividends
$SFM    which you receive SFM as dividends
$ALTS   which you receive any BSC token of your choose as dividends

If that's what you mean then at first I thought all such projects would die quickly because when the trading volume gets smaller then less dividends will be paid and the project will die, But now it seems different, if the project has a useful product and get a lot of users then there is a possibility of a longer lifespan, you can take a look at Helena tokens.

helena and aufin now be the leading project that give super high APY. investors slowly trust to developers team since they could important action which is add trust from investors. with high trading volume in market , daily return given would not make price dumped, but its price continuesly soar.

[roslinpl]

Actually it will bad.Because to promote their project,the team flow the token in the market and pump some price of their token in a short while.But the twist is,you can trade to bitcoin or usdt at the time of rewards.They will make a note of,it will be rewarded and soon will be listed in the exchange.By make of trust,some new traders to crypto will buy some more token with their money and loss everything at the end.

[hotimbineh]

there are bad and good sides because this is part of their sales system by buying and holding it we will get the prize it's just good or bad depending on this project running or if the project does not develop then wait for the time to die .... but not all projects using the reward token strategy are left on the contrary, we will get money many times over of promising token prices and rewards for holding them

[Scripture]

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

Depends on the project, if its on NFT games I think those Rewards token should also have a burning mechanism so its value will continue to rise and not drop that much. I'm taking SLP as an example here, that is a reward token if  you play the game and look at its total supply compare to burning mechanism, the result is very bad if some rewards token do the same thing like SLP. Rewards token are quiet not ok for me if you are planning to invest for long term, better to go for the mother token of that project.

[batang_bitcoin]

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

It's an actual token but it doesn't have any data yet on coinmarketcap. I would avoid a token like this if there's not that much information yet. But if the data of it becomes available.
And I find it to be a good one then who's not going to like a token that has such utility based on its name only? But as basis on the market and economy of it, that won't be enough if there's no volume.

[Amjado711]

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

It's an actual token but it doesn't have any data yet on coinmarketcap. I would avoid a token like this if there's not that much information yet. But if the data of it becomes available.
And I find it to be a good one then who's not going to like a token that has such utility based on its name only? But as basis on the market and economy of it, that won't be enough if there's no volume.

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

[batang_bitcoin]

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

Okay, I thought that you're talking about a certain token. Well, going with that question, token rewards that don't have the feature to stake or mine it.
They're actually good. It's like that you're getting a cash back for using a certain service. It's one way to attract more users and investors because that's what we like but knowing how many are successful with this type of token, no idea.

[Amjado711]

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

Okay, I thought that you're talking about a certain token. Well, going with that question, token rewards that don't have the feature to stake or mine it.
They're actually good. It's like that you're getting a cash back for using a certain service. It's one way to attract more users and investors because that's what we like but knowing how many are successful with this type of token, no idea.

It's actually like owning a share on a company and receiving a dividends just by holding 

[domoy77]

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

As long as the token still has market value and can be exchanged for something else, it is always valuable even if it is not worth keeping for long.
So it doesn't matter if the rewards are paid in tokens as long as the tokens still have value as I said.

[batang_bitcoin]

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

Okay, I thought that you're talking about a certain token. Well, going with that question, token rewards that don't have the feature to stake or mine it.
They're actually good. It's like that you're getting a cash back for using a certain service. It's one way to attract more users and investors because that's what we like but knowing how many are successful with this type of token, no idea.

It's actually like owning a share on a company and receiving a dividends just by holding 

Yeah, like staking.
A lot of the same model has been there in the market but you'll see more unsuccessful projects than of those that are successful. It's a good passive income but you have to be picky when it comes to this because not all of them are going to be worth the buck you'll place on them.

As long as the token still has market value and can be exchanged for something else, it is always valuable even if it is not worth keeping for long.
So it doesn't matter if the rewards are paid in tokens as long as the tokens still have value as I said.

The liquidity is a prior thing for this. Because even if you're roughly getting rewards for these projects but if there's no liquidity, they're like a display to your wallet.

[kurniawan05]

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC    which you receive BUSD as dividends
$SFM    which you receive SFM as dividends
$ALTS   which you receive any BSC token of your choose as dividends

It also depends on what product the token generates, the development of a useful product is important for the sustainability of the project, if only relying on the trading volume generated from the hyip, the project will most likely die slowly.

[Teraboy]

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC    which you receive BUSD as dividends
$SFM    which you receive SFM as dividends
$ALTS   which you receive any BSC token of your choose as dividends

Tax was a crazy idea basically only a transaction and you will be getting a huge charge to pay big tax. This idea totally a non sense idea. The project developers are not a regulators that were doing taxation. It's better for you to avoid this kind of token. This token was actually BS. They are only thinking if they can distribute dividend through the tax but basically that's investor's money that got trapped into that cycle.
The developers are so lazy as fuck just to think the easiest way for them to make the project looks so attractive by doing nothing.
Tax in transaction was not a real income from their product and that's BS