About Tokens ? | Bitcointalksearch.org

reflector

sr. member

Activity: 826

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Quote from: mwaqar17 on December 11, 2017, 10:52:52 PM

Can anyone explain the mechanism of token conversion intro ETH or any other currency??
am not getting it.
For example I have written blogs for any campaign, after ending of campaign they will send token to my ETH address, and I can use that token as a ETH from my ETH wallet, Am I right ?
How value of token is determined? By token sale (how many token sold during bounty) or any other thing ?? What are those things if it depends on other things.

Token price/value will remain same after ICO end or it varies time to time Huh

You will find your tokens added to any altcoin exchange as coin. Then you can be able to sell your tokens as a coin. In coinmarketcap site you will find the added tokens in the market. Henceforth, you will be able to sell the token with the traders.
Anyone can add the token to the exchange like bitrex or yobit. Mostly this been done by owner or distribution manager. After ICO coin price may be grows higher than the token sale price. It will depend on the market supply and growth.

Fatunad

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Quote from: mwaqar17 on December 11, 2017, 10:52:52 PM

Can anyone explain the mechanism of token conversion intro ETH or any other currency??
am not getting it.
For example I have written blogs for any campaign, after ending of campaign they will send token to my ETH address, and I can use that token as a ETH from my ETH wallet, Am I right ?
How value of token is determined? By token sale (how many token sold during bounty) or any other thing ?? What are those things if it depends on other things.

Token price/value will remain same after ICO end or it varies time to time Huh

You are preferring on those coins that you do recieve on bounty campaigns which you would really able to convert it to ETH if the coin is being listed on an exchange which means risk of having no salary is always there because not all coins are being listed on exchanges after a certain bounty campaign ends which means you would really have no salary at all since those coins doesnt have value at all and to say that not all ICO price on coins are directly the same when they are being already listed because most of the time the price would really be more lesser as you expect.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: mwaqar17 on December 11, 2017, 10:52:52 PM

Can anyone explain the mechanism of token conversion intro ETH or any other currency??
am not getting it.
For example I have written blogs for any campaign, after ending of campaign they will send token to my ETH address, and I can use that token as a ETH from my ETH wallet, Am I right ?
How value of token is determined? By token sale (how many token sold during bounty) or any other thing ?? What are those things if it depends on other things.

Token price/value will remain same after ICO end or it varies time to time Huh

Usually bounties that are paying in tokens will requires your MEW - which supports ERC 20 tokens. But you need to setup and add custom token. Then you need to enter the address of the token contract, token symbol, and number of decimal places. It should be provided by the bounties manager in order to received their tokens.

So once you received it, you can deposit the tokens to a exchange that supports it, again, check the thread or ask the bounty manager for specifics.

As for the price, it really depends on how much funds the project has raised. I want you to read this articles to better understand how does ICO works and how token rewards are calculated although this might not be applicable to all ICO's, but its a good read for those who wants to get a glimpse on ICO.

How Does an ICO work

PonzyManCrazyLiar

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Quote from: mwaqar17 on December 11, 2017, 10:52:52 PM

Can anyone explain the mechanism of token conversion intro ETH or any other currency??
am not getting it.
For example I have written blogs for any campaign, after ending of campaign they will send token to my ETH address, and I can use that token as a ETH from my ETH wallet, Am I right ?
How value of token is determined? By token sale (how many token sold during bounty) or any other thing ?? What are those things if it depends on other things.

Token price/value will remain same after ICO end or it varies time to time Huh

if you want convertion token to ETH or anoyher curency the first you can find exchanger accepted youre token
about price demand in market can incraese tojen price
ussualy after ico end and first listing in exchanger token price under ico price
slowly or fast token can incraese above ico price

SriNr

full member

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In general, when you hear the term “cryptocurrency tokens” or simply “tokens”, they are referring to tokens such as Bitcoin that are built on top of a blockchain and represent a digital asset which you own and can transfer to someone else.

h0lybyte

hero member

Activity: 924

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Token price varies time to time as the demand of token increases, the value also gets increase. After receiving tokens in your ethereum wallet, you can't use them as substitute ether payment. Badically tokens must be converted into ether because Tokens have separate market. You can utilize them only after exchanging to ethereum. To exchange your tokens, you need to wait for the day it comes on an exchange, usually after ICO, then you may be able to trade them

mwaqar17

member

Activity: 462

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Can anyone explain the mechanism of token conversion intro ETH or any other currency??
am not getting it.
For example I have written blogs for any campaign, after ending of campaign they will send token to my ETH address, and I can use that token as a ETH from my ETH wallet, Am I right ?
How value of token is determined? By token sale (how many token sold during bounty) or any other thing ?? What are those things if it depends on other things.

Token price/value will remain same after ICO end or it varies time to time Huh

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