Topic: Are utility tokens dying? - page 2. (Read 571 times)
I sort of agree with your opinion. Ethereum is a great platform for fintech and decentralized finance. I believe utility tokens providing financial benefits will continue to survive, but other utility tokens possibly will have difficulties in the future.
Yes most are dying because they have nothing to offer which can be attributed to the lack of experienced team. Most don't actually know what they want or how to go about so how can they succed? To survive in this crypto space, a project needs to offer viable products not imaginary ones.
The next post is just made out of my own personal opinions based on what I have observed in the past 2 years.
Let me know what you think.
It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.
So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.
What do you guys think about this?
Let me know what you think.
It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.
So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.
What do you guys think about this?
Day by day, new utility tokens were introduced into the market, and new tokens were dying, it is mainly because of lack of work from the team and developer itself and some others were just created by scammers and fraudsters in order to collect money from the investors itself, maybe we just need to be more careful in investing those tokens.
If everyday new tokens will arrive, I think it's not possible to die because of continuous development. Lack of work isn't the reason but most of the factors was financial struggles due to investors were pulling back their money on a certain crypto project which has no good outcome. After the trading many panic sellers tend to dump, so we might see price decline very fast
The next post is just made out of my own personal opinions based on what I have observed in the past 2 years.
Let me know what you think.
It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.
So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.
What do you guys think about this?
Let me know what you think.
It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.
So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.
What do you guys think about this?
Day by day, new utility tokens were introduced into the market, and new tokens were dying, it is mainly because of lack of work from the team and developer itself and some others were just created by scammers and fraudsters in order to collect money from the investors itself, maybe we just need to be more careful in investing those tokens.
I don't think utility token can die though most of them are not being used for utilities due to one issue or the other. They have been used mainly for speculative trading but I don't think it will continue like this for long because some projects will soon be massively adopted.
Utility tokens have a different purpose in the crypt industry and some people can't understand the variety of security and utility tokens. I only buy the utility tokens of the real projects.
Indeed tokens are shitcoins will die, but not tokens who are used by people and not tokens which can have some good teams behind and is better to have only the good projects on crypto market and other projects die because only on this way we can have good prices and mass adoption.
As for most utility tokens not dying ,scam shitcoin products should not be included in utility tokens ,cardano ripple and others have proven they still survive in this industry ,I think they are still in the development stage and it's too early say dying to utility tokens
The next post is just made out of my own personal opinions based on what I have observed in the past 2 years.
Let me know what you think.
It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.
So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.
What do you guys think about this?
Let me know what you think.
It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.
So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.
What do you guys think about this?
Utility tokens cannot be destroyed. They are the bridge between real life and crypto projects. They are affected more than other because of just market conditions.
The problem started when every project wants to create their own token, if we take a look at it deeply, it is really not a convenient one to start buying different token for every of the services I want to make use of, that is why they are not growing and knowing fully well that such service is not a monopolized one that would have giving them edge.
We have very good utility tokens that has already been established and gained ground, I honestly don’t see any reason why they cannot partner with such utility token, let’s say Ethereum and just make it the base of their project, we all know that many people have ethereum stashed in their wallet and would not find it difficult to use it for any services that requires it.
We have very good utility tokens that has already been established and gained ground, I honestly don’t see any reason why they cannot partner with such utility token, let’s say Ethereum and just make it the base of their project, we all know that many people have ethereum stashed in their wallet and would not find it difficult to use it for any services that requires it.
I've been conducting research recently and I'm just doing the utility tokens. I knew that everything was bad, but I did not guess how much. A significant number of projects are simply dead, and those who are still alive have so few users that it is sad. Still, I hope that this is the effect of the bear market, but not total extinction.
The major problem is that teams don’t keep totheir promises and most times they don’t follow their roadmap and except this is done we may not see a reversal
People’s relationships are not limited to finances. Moreover, financial relations are secondary. If many activities are tokenized, then service assets will prevail over financial ones. Someday. Maybe I'm a utopian idealist 
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... Utility tokens aim to be a native token in their platform. We can find only a few utility tokens become have a real use, the rest are just a utility hype tokens which the prices depend on the market demands. I don't think they are dead, they are just yet to be a utility tokens.
If their idea went big then only that utility token also been used in the same platform. For example if you take the BNB coin it was launched as token few years before but now they captured big market because of their platform.
If there is any project like we may find such useful tokens among us else it is not possible at all.
Can you listed out 10 utility tokens launched in this year or last 6 months.
Utility tokens aim to be a native token in their platform. We can find only a few utility tokens become have a real use, the rest are just a utility hype tokens which the prices depend on the market demands. I don't think they are dead, they are just yet to be a utility tokens.
In which case, advertising coins will not have much relevance in the near future, because, one way or another, projects will develop in a different direction, without the interest of maintaining a coin. 
Utility tokens aim to be a native token in their platform. We can find only a few utility tokens become have a real use, the rest are just a utility hype tokens which the prices depend on the market demands. I don't think they are dead, they are just yet to be a utility tokens.
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I think we can not say utility tokens are dying, whenever there are many different types of utility tokens are achieved success. But in the market some projects started for only get money from the investors & failed by unsensible team working be hind the project. That result lot of people uninterested any investment.
Of course these tokens are already dead. 90% of such tokens were created only to raise money for ICO. Really working projects negligible amount. And besides, even working projects are not particularly popular. Interest and passion for tokens was a temporary phenomenon. Now the time of tokens is gone.
I won't concur that they have finally died but what I observe is that of paradigm shift. The utility token teams were full of complaint of not meeting up on sales etc and thereby leaving investors unsatisfied. Now, we are tasting the exchange platforms, stos .
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