Topic: Aside from the ability to raise money via an ICO, why create a token? (Read 141 times)
October 12, 2017, 08:56:22 AM
I understand that but it doesn't answer my question.
October 12, 2017, 07:03:19 AM
A company can issue a token to use as a payment method within the network.
For example, If a bus service launch a token than it can be used to pay the bus fare.
For example, If a bus service launch a token than it can be used to pay the bus fare.
October 12, 2017, 06:59:59 AM
Is there any reason that a company would create a token aside from a desire to sell it to raise funds during an ICO? Why not just accept established currencies/cryptocurrencies for their products/services instead?
I can't think of any other reasons to create a token. It seems to me like it would just create a worse experience for customers, due to the extra requirement of buying the token before buying the company's products/services. As a consumer, if I had to use a different currency/token at each store I went to that would get pretty annoying. Seems much easier to just use dollars everywhere. Or bitcoin everywhere.
I can't think of any other reasons to create a token. It seems to me like it would just create a worse experience for customers, due to the extra requirement of buying the token before buying the company's products/services. As a consumer, if I had to use a different currency/token at each store I went to that would get pretty annoying. Seems much easier to just use dollars everywhere. Or bitcoin everywhere.
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