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Author Topic: What crypro / tokens has the most utility ? looks like all are useless  (Read 313 times)
ajochems
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May 08, 2022, 11:44:06 PM
Last edit: May 08, 2022, 11:56:11 PM by ajochems
 #41

Most of the coin are token which was created now are fake or scam.So you should do background verification of the project before the investment on that project.When the coin was created now,the liquidity of that coin was hold by the user or traders.So it was controlled by the owner on dump situation.But the control of bitcoin among the investors or creators of bitcoin.



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AjithBtc
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May 08, 2022, 11:47:05 PM
 #42

Bitcoin has got the utility compared to rest of the altcoins. It is universally accepted. Atleast it has emerged as a brand, people know bitcoin is something valuable if they hear about it. The same isn't the scenario with rest of the altcoins. So, bitcoin have reached common people through its utility and widespread.

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May 09, 2022, 03:12:04 AM
Last edit: May 09, 2022, 07:14:49 AM by stompix
 #43

A good example for creating a token with somewhat a copied utility to add improvements or branching out more utilities are these four that are revolving on storage utility :

Siacoin(SIA) - which aims to solve the problem of expensive cloud storage.
Storj - which offers decentralized, end-to-end encrypted cloud storage having the goal of solving problems relating to data security issues.
MaidSafe - which aims to do more on its network than trade storage; it markets itself as a “crowdsourced internet,” on which not only data is stored but decentralized applications live.
Filecoin - which is a blockchain-based marketplace that allows its users to monetize their unused storage space by hosting files for a fee.

The varying stablecoins that currently exist or are still about to pop up can also be good examples but I am sure you already know about those.

You could have saved a lot of server space if you would have simply cut the useless chatter and gotten straight to the point, when I tell somebody that all the flowers are blue if he wants to prove me wrong he will ask me if a rose or a tulip is not red! Same for the shitcoins, if you want to prove that there are coins with the utility you could have simply named them and same all the above charade which isn't impressing anyone.

Siacoin - aims to do -  did not solve a thing to date
Storj  - offers something - that is not still not used by anything major - solved zero
MaidSafe - common, is this zombie raising time
Filecoin- again storage again the same thing, zero actual irreplaceable usage, but a 1 star award for managing to get a 96% drop in price from its ATH

None of those coins actually help anything, all the projects behind them could have simply worked by paying the people renting the space in bitcoin, there is ZERO need for another coin. And you can take a look at how any of those actually work, take for example Storj and you'll see that the coin is not actually connected to the cloud storage, the revolutionary blockchain is actually not used at all.

Anyway, I hope this response finally made you understand the main point of my response to OP. If by any chance it still doesn't, then apologies but I won't be explaining any further than this.

So again, before you even start with another novel, read again and answer only if you understand the question, tell me those altcoins and tokens names that actually have a utility and can't be replaced by bitcoin. If you don't, well...don't!

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Wong Gendheng
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May 09, 2022, 06:21:13 AM
 #44

Some Crypto projects are trying to use real products such as gold, I still remember because I also invest in ICO a few years ago, namely Jinbi token, the project uses all the collections of collections to buy coins, so that the price of token is always based on gold, unfortunately it is difficult realized and now Jinbi token was lost in the market.
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