Topic: Are utility tokens dying? - page 3. (Read 545 times)

To be frank, I really do think so, because of the utility tokens inn existence currently, only a few are actually living the dream, other are merely out to make gain and dump on investors. Soon and very soon, utility tokens will become a thing of the past

Team are being greedy actually they build up projects for there own good and not for the investors or contributors. You see they will just use your money to build the project and what does the investors or contributor get in return?  A few cents from the team's effort in achieiving the targets and goals of the project.

I do not know with other projects but I know there are some projects like that and to which I do not want to join.except for online betting casino. this is more fun than investing a project.

I particularly prefer Utility tokens thought I don't know much about STOs to say which is better. Maybe I will take out time to read more about it. Thanks anyway for this post, I have been privileged to read a lot of educating comments.

Yes i partially agree with you and i think the long lasting bear trend has really exposed utility tokens and their severe weakness in bearish market and that is what has created a negative case against them and people now look for asset backed tokens to secure themselve from massive losses.

They are still alive and some of them are still in top on coinmarketcap. There is just the lack of great products on the market and ICOs that have a utility mission should make more noise in the industry, otherwise they will really die off.

I think that the time has not yet come for blockchain projects outside the financial industry. However, sometime such successful projects will surely appear.

I am thinking that with the absence of utility tokens if ever, and hypothetically speaking, would significantly reduce use cases of blockchain projects. I think the advent of utility tokens initiated many ideas which have culminated to crypto projects that have different important use cases and now playing important roles in blockchain technology evolution.

Americans have generally been rejected from the crypto fever in light of negative proclamations from the SEC about utility tokens. Officially most US-based organizations have kept away from the US showcase, and restricted American speculators from putting resources into their tasks because of administrative worries at home. At the point when the universes biggest economy is being bolted out of taking an interest, there isn't much seek after continued client selection or worldwide development for any item. That is one of the major reasons for the decline of Utility tokens at large.

Because of the hype on their first day and now they are slowly dying. Utility coin are still there but not active as much like before, they are dying because of insufficient development. Investors really want a financial services that can help their business grow and those utility token are only for their own sake so that's why they are not good anymore.

Any project without a serious team will always fail. Sometimes the team just lie that their project is a utility token and will be gretaly sort after, and after crowdfunding, they will just go to sleep and never develop anything. We have a lot of these in this space.

That's kind a true, most of them but not all of them. From my point of view it is because their product can't compete with the former non-blockchain product. All those project do is just recreating some service that actually exist and then add some blockchain utilization, they do not really do any inovation, and I thaink thats why they are failing.

sto already become not interesting after IEO appeared. trends are changing one after another and it is not clear what will happen next.

Yes I agree with this in many ways. An ICO is a crowdfunding method. Imagine going to a shark investor with a whitepaper and an informational web page, and no previous execution or tangible results. They won't invest. The main issue was the over rated hype that bitcoin created for the rest of the projects. It was a double edge sword. There were winners and losers.

Anyway, I think that the coincidence between the current rise of the price (which hopefully will continue to be steady) and STOs could bring a new hype. And hopefully the new projects are capable of making the best out of a new possible hype.

Actually I find what you say interesting. You perspective of an absence of utility tokens bringing a chaotic consequence, is it purely in terms of the reduction of the amount of money being circulated?
Or are there other perspectives?
I can think for example in the reduction on active labor in the crypto industry and a slower development of qualified professionals for the industry.

We have seen utility tokens that has partly diminished in activity maybe because of the side effects of crypto winter and the emerging trend of STO but no, utility tokens will not die soon since its an essential component in crypto projects and absence of which could be unimaginable and  chaotic. I expect a sudden resurgence in activity of projects that has utility tokens once the bull market is in full swing. Imho.

Yes they are and actually they should have never got any value at the first place.

Because, you are buying from exchange, using for services, reciever is selling on exchange and in this, why should it get any value?

Why most utility Tokens outside the financial institutions are not succeeding is due to the lack of the team not meeting up to the demands in the market, take for example the binance coin it already have an established financial institutions but most other that have failed don't have any institutions on ground to back the token up they simply created a token get it listed on exchange before trying to develop a product/project that will back it up but that always result negative impact on the token and at the end go down to zero on the exchange because nothing to back it up.

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?