Topic: Coins or Utility Tokens? (Read 548 times)

The difference between a coin an a token is own blockchain factor. Each a coin or a token has a function if every cryptocurrency becomes a coin, some blockchain such as Eth will no longer be relevant. Utility tokens has role they play. I won't choose any the two are important

I feel utility tokens are solid and way more promising than coins, just my own point of view though

I prefer investing on coins which is already in the market and marked at the top 20 in the CMC. I don't think it would be worthy to invest on utility tokens anymore because of scams all over it's market.

I think Coin is better. Because, the Coin has its own platform. There are many tokens in the market, but there is no specific platform to use those tokens. Tokens are always converted to coins.

To me, its not really important which (either coin or token) we have more in crypto. What matters most is the impact made in cryptocurrency in terms of boosting crypto usability and adoption. Libra proposed launch news did more for crypto than hundreds or coins and tokens that have launched in the last 12 months

There is nothing new to it. More projects, more tokens and coins but nothing has changes some are always ended up a failure. So I won't be bothered to choose over the two because I am always going to choose bitcoin, ripple, those who are in the top 10 list in the market. Because choosing them would just put me to much more riskier situation than I am already am.

Utility tokens? Failed.
Security tokens? Failed.
What is next?

Everything is just a buzzword. When you look deeply, the tokens can´t be interesting for investors because token doesn´t guarantee you anything. So why investors are buying it? Because they believe that still there are people that do not understand how tokens really work.

Coins are utility coins on its own blockchain, you pay fee for transactions on this blockchain.
Utility tokens are used as a utility on some service and in most cases they are built on diffrent blockchain (Ethereum, Tron, NEO..).

We can´t say what is better, but we can say that many utility tokens are useless because noone is really using the services.

What I do really want to see in the market are utility tokens because I do believe of the capacity and capability of utility tokens since they are made or created to serve for a purpose. Those are coming from projects that are made and meant to resolve social issues through the use of the modernized technology which can be done using cryptocurrency. What I want most likely to happen is to have more utility tokens and not just plain coins because for me, tokens must exist on purpose and not just existed for display or for nothing. We all know that the market is already crowded as of the moment, so to be able to be useful for everybody, not just for the sake of earning profit from it, I would rather see utility tokens to exist in the market to serve on a better purpose so that its existence will be worth it in the market as well as for the community.

By far I think for legalities sake the safest option would probably be for me to choose a utility token, as long as it isn't a security. Many projects are in the past and up to now have faced big hurdles with convincing the regulators like the CFTV and SEC that their start coins are not securities and are in fact tokens based upon and around their utility. Just look a Telegrams token offering, it was touted as a utility token, but the SEC gave them the shakedown and made them cease and desist all activity related to their token while an investigation is underway.
  Scary to say the least,  as this will be a daunting hurdle for many projects in the future to overcome.

Yes it is true and if I had to choose I would prefer coins rather than tokens, because like what you said most tokens are ultimately worthless and the price actually falls away and in the end only gives a loss and wastes our time, so that I personally will for now choose to invest in the top coins to minimize the possibility of getting a loss or failure can be an investment that I do.

Teams are whats driving these projects and people forget that most of the time. If a project has a team that is dedicated and puts all the money and effort into it and gets funding from people but use it wisely and tries the very hardest to make the project better and better and better every single day, whatever that project is will go up.

Usually in regular life, you don't have that many business where you can say "hey I am opening a grocery shop, I will give you tokens of it if you give me funding, you won't be able to spend it here but it would be nice gesture and you may sell the tokens to other people" and collect millions of dollars. In crypto world that is possible so people who know how valuable that is will work on their project harder and succeed, others will fail, doesn't matter if it is token or coin.

Tokens are only suitable for marking special events or objects, and for having their own blockchain main chain. It can implement smart contracts. Compared to tokens, it is more advanced. They can be used in different places and work together. Of course, in the cryptocurrency world, there is a lot of deception. The cost of token deception is much lower than the cost of the main chain currency. Many people hate the existence of tokens. In real life, only tokens have use cases. I think there will be tokens that support this. For cryptocurrencies to develop, they must be combined with real life.

It depends on the project. I don't think that there is a definitive answer.

I personally am biased towards coins, especially when it comes decentralized coins. This is because I believe that the only function that a decentralized currency needs to fulfill is being exactly that - a currency. It doesn't need to provide any utility other than that, because a lot of times it is unneeded.

But at the same time, some coins are completely useless while other utility tokens, like Bittorrent, are actually useful.

It's all relative. Theres nothing absolute.

IMO, we have many of them already but if there's something useful which can give rewards in return for a service what that could be? many have promised the same feature but few of them succeeded. The PoS coins, the coins that shares dividends, the masternode coins. I can't think of what's going to be the next coin that we need to have if many of them until now aren't at the top.

Indeed there are many digital cryptocurrency projects nowadays but I think to benefit from cryptocurrency at this time in my opinion is not so easy. Many new projects actually turned into scams and several other projects have failed, for me personally for now it is better to play safe and not rush in deciding to invest because sometimes because we are too rushed to make us get a failure in investment.

New coins, new tokens, even new coins are coming a lot daily every hour in the cryptocurrency space. This is great and helpful for every investor. Take advantage of it.

Apart from the ones you have mentioned: utility tokens and coins, there is also security tokens. It depends on what you want, but I mainly invest in coins and not these ones. Security tokens are quite safe and different from the other two and reason is because they are being regulated. The value of security tokens is being derived from external tradable assets like real estate, or stocks.

It all depends on what you like, some people believe that STO's are better investment because they are being regulated, so they are safe. I have never invested in such before, I always go for coins.

I would prefer a utility token/coin than just a plain one without any usage whatsoever, if a coin/token what to gain value overtime, then there should be a usage for it otherwise it will end up in the long list of shitcoins.

coin can also be earn not just tokens but tokens are usually we see being given away by some bounties , aidrops and other kinds  . tokens are also the one that being released more oftenly  . we cant stop them to produce but id like to see more useful and has a real case use so that i wont be pissed off or wont get anoyed everytime theres a new that goes out  . however when it comes to coin choice id go for standard crypto coins because they are more acceptable  and can easily sell out  .

I still try to figure out what these 1000s of utility tokens are going to do. It makes people life complicated than otherway around. At the same time how many coins would be practically useful for the world?

Coins and tokens have different tasks and functions. It’s the same as asking if we need more trucks or cars. Coins, as a rule, is a universal cryptocurrency that performs the general function of a means of payment. The token works in a narrower area and, as a rule, serves a certain type of business. Despite many fair complaints about tokens, they are also needed. Their appearance and development is a painful, but necessary process. Let everything go on as usual. The market itself will determine the usefulness of coins and tokens.

I'd like to see more coins over utility tokens because I've scarcely seen any successful utility tokens recently besides ones that pump and then dump, but there's a lack of success in new cryptocurrencies overall recently, whether it's a coin or utility token or just a regular token. I'm always down to invest in new developments because I know how profitable it can be if you're early, but market conditions just aren't conducive for alts to strongly rise again and I'd rather accumulate bigger alts and Bitcoin instead while we're in a bearish trend.

All of what we want to see the mass adoption of the coin or token in which we invest and that mass adoption is nowadays very hard to attain in a simple coin because the developers will need more hard work to satisfy companies to adopt it and to increase the usage of that coin while the utility token is better only if the project start work as soon as possible in which many projects fail to attain. I will favor the utility token only if the project will complete their platform sooner after their crowdsale and start effective marketing.

You should talk not about what profit new coins bring now but what practical benefit they can bring in the future for the market. I would like most of the existing coins to be removed from the cryptocurrency market because they are completely useless, and in their place should come new projects that will really be practical and will have used in the world

with the future offers we should gives of chance on offers as parties from indonesia might collects of use with reference of service on deliverance from our development team as expecting on extensive terms of manage as might we collects of more of funds on supports and improve the limit of expenses as managing tasks with the terms of evaluation and research as expecting the better option on offers for costumers.

To tell you the fact, we really do not need any of this much shit coins in the market and i am sure none will not survive the long run, there are many projects coming up on a daily basis and we have a couple of years date to prove that majority of the projects will die off eventually. We have enough coins now for every purpose and less number of coins the better.

It depends for what are used but i mostly preffer coins, because not depends on another coins blockchain and if something happen with Ethereum blockchain then tokens can't be transffered and sometime can't know how much to set gas fee and get failed transaction but gas is lost.

I like both, and in my opinion this could be a very suitable mix, I did a number of tasks and got utility tokens and I could choose to be made into a coin or just use it right away, so both the utility token and the utility coin are both in my opinion and how we can arrange all of that so as not to be something harmful.

If a coin has any use for real that coin usually gets a lot more price increases due to demand, same with utility tokens, if there is something that has absolutely no use at all and absolutely no reason to get other than just investment, that coin can't continue to survive for too long.

Bitcoin is used to buy and sell stuff right now and increasing its adoption rate like crazy and nowhere near any other competition, ethereum is used for ICO and dapps and some blockchain purposes, XRP is used for transactions for banks and making them faster and cheaper and all other things that are high up on the market cap list usually have a reason to be there and they are used for something.

Just because it is a "coin" doesn't mean it can't have a utility but it should definitely have utility to worth something.

I would prefer utility coins that have use cases and people can earn by doing some practical tasks. Without utility, a coin can't remain in a strong position for a longer time. Personally, I don't want any new coins at this moment, because most of the new coins are not profitable, some IEO coins did well but after passing a couple of months, IEO coins price started dumping very highly.

You must know the difference between a coin without utility and token with utility. utility is a real value when it comes to the usability of the platform. utility becomes the main requirement for a token to be accepted as a good medium between users and platform. token with utility is much better

Regardless of being a coin or token, the project can only be successful if the public really found it to be relevant, popular and useful. With these factors, the survival of the project after it is launched, will increase. But maintaining these factors are difficult and other factors such as government laws can have a great impact on them. Initially, investors look for profitable projects so, having realistic goals can make the project look more sustainable thus, many investors will follow.

I think the coin will gain more investor confidence than the token. The coin has its own ecosystem that makes investors appreciate. In contrast, being so easy to create a token makes it easy to become a junk and the development team easily dropped it.
Surely we have not forgotten the ICO boom, mainly tokens on the ERC20 platform, the majority of them are now rubbish and do not bring anything.

It is good that every project is not creating their own blockchain; it is preventing wasting of lots of resources. These days getting/buying any popular coin must be easier than anything else we can do in this crypto space. I'm really surprised on seeing this comment. For example, to move an ERC token, we must need to have some ethererum balance for the reason of paying gas. But, getting ethereum is not a big deal.

Making it visible is not a rocket science; just a google search will help you exactly. Your complaint looks like you are too lazy to learn new things like you are not comfortable anything beyond what you are doing for years.

There are a lot of advantages when these projects are not using their own blockchain. You never need to run 100s wallets; that will occupy lots of disk space and consume data.

Nowadays, there are many digital cryptocurrency projects. At that time, they were really valuable, and the projects that could actually be implemented were rarely seen. As an investor, you need to see the prospects of the project and then consider whether to invest in it.

Definitely more people prefer pennies than tokens. But I personally think that coins or tokens are not important, the most important thing is the feasibility of the project. We have seen a lot of coins fail and many tokens have achieved great success.
The important thing when I decide to invest in a project is the development team, the product, the development roadmap, etc., not because it's a coin or a token.

in my opinion today people prefer coins to tokens. tokens generated and issued by the ICO project. and now we know that most of the ICO projects currently are scams. and tokens are created on another blockchain. while coins stand on their own blockchain. I think tokens have a greater risk of loss than coins. most tokens cannot develop and disappear. so in my opinion it's better to choose coins than tokens.

Personally I don't like tokens, there are alternative own blockchain coins waiting for the right time. The investors should decide they will use the utility tokens in their daily life or they want to invest in the security type of altcoins. The utility tokens are not widely used by the world population, the investors have desire to make money and convert their gains to fiat.

I saw so many coins created and almost all of them failed and died since they don't have any use they are just been created for maybe simple transactions or other more while utility tokens creates a demand and more demand will create a price pump but actually I don't really see this one in reality since there so much utility tokens has been killed maybe their owners didn't do anything good to cover up their markets.

Most of the incidence of scammed projects cause by this developers, dishonesty are the worse part market even there's a good proposals but investors already being frustrated by the way market runs currently. It's needs to have a good marketing strategy and good team behind to attract investors back.

Tokens were already over populated in the crypto space so investing on it has less chance of giving you any benefits becomes less when compared to a coin.

But not all the coins also lasting too long,so DYOR research to find better potential coin for investment.

Coins are a better shout, but not the new ones. All coins and tokens have failed to perform well during the whole year and the best coin was BTC. In top 20 altcoins there are tokens, so the choice is obvious.

Maybe if there are tokens that really good, have active developer i will pick it. But for now i will prefer to do trading like usual. Lose or profit is in my own hand and not do any kind of investment anymore since it is more like to lose than a profit. If people back to trading like in past, and trading volume in some exchanges getting high again, crypto community will be better than now.

I don't really understand the comparison as the projects and their quality differ from each other very much. There's a lot of useless token projects, as there are lot's of useless new blockchains that end up being unsecure. Some of them serve the purpose and some not. If there's a good enough platform to build tokens on to, can you really complain that people want to build on it?

that's enough as long as there will be more solutions to fix the scalability problem on bitcoin or ethereum. ethereum and bitcoin are psedonymous and that's enough when you are wanna create a common transaction. when you will create a tx that is really need more privacy and anonymous coin will be the solution for this.
You must understand about what's the real purpose of privacy coin. To make others can't trace your transaction or activities related to your address.

As means of payment you got is right right but bitcoin and ETH are not so enough for global needs, how anonymous is bitcoin and ETH? That is why we have monero and other privacy coins right?

I think you're getting it wrong. Of course it's important to have tokens or coins. But what matters is what they can do and achieve in the background. Of course, choosing a coin with mining seems more logical. But there are so many mining trash ...

If you consider the topic more widely, you can see it.
To give an example, Verge coin has upset its investors for the last 2 years, while the token BAT has made its investors very happy.

I'm not expecting a new 'next bitcoins but looking for new projects that have real good use cases, utility tokens are good but developers are the bad guys here, creating them for their own selfish gains

I hate tokens, they are just worthless tokens created from new projects for the purpose of raising capital to develop projects. And look at the past 2 years that no tokens have become coin and have value. Token is scam so we don't need to hold and pay attention to it, it is better to buy coin and hold until the uptrend market. And I believe that today no investor is interested in new projects and new tokens except for bounty hunters

I am not really fan of tokens but i hold some of them since i used them for trading purposes and i can see that some of the investors are buying them with the same purpose. And, maybe i will switch to coins since some of the Utility tokens does not have purpose at all but to make profit in trading and a lot of them are popping up nowhere.

And i think holding coins is much good for a long term holding if you are smart enough to trade them in market.

Projects that use the EThereum ERC20 platform have become a hotbed for scammers because of the freedom given. But not all projects turn into scammers. We will see that the development of the Ethereum 2.0 platform might be better and be able to overcome the scammer project on the ethereum platform.

I like both Coin or Utility Token, both have their own technology and strengths

Blockchain technology adoption is increasing in all existence industries such as data storage, banking, FMGC, transportation, gambling, medical, engineering, hospitality, real estate, asset based business etc & will going to create a lot of new business models. We can see lot of new projects are being launch everyday with new concept trying to disrupt existing business model with help of blockchain technology some are genuine but some turned out to be scam after some time mostly utility tokens because they fail to create huge userbase. I would like to see coins or tokens (Utility or security)  which can help to boost cryptocurrency adoption faster.

If we want the adoption of cryptocurrency to increase globally then we need more tokenization of the current companies assets on the blockchain. The bitcoin maximist will hate this since all they're interested in, is seeing bitcoin succeed and dominating not minding if it's at the cost of other project. That's why they hated the fact ethereum gave rise to easy tokenization of projects. Not trying to say I'm against bitcoin succeeding or dominating but the industry has grown beyond just bitcoin so when the issue of adoption pumps up it should involve the entire industry and not just bitcoin. So I'll go with utility tokens although not those shitcoins duplicating already existing utility but introducing something new and having their planned whitepaper to bring their ideology into implementation.

Coins will be introduced with their native blockchain which means introducing new blockchain which might be stressful to maintain so instead they should leverage on already existing blockchain and developing society impacting project and not just disguise scam. The bitcoin/ethereum blockchain still has a lot to offer plus many other existing blockchain. We might not need more at the moment instead we need more global acceptance (adoption) and utility tokens might just do the trick.

Some of the comments I read hated tokens like me. Yes, indeed tokens are like parasites. In my understanding, they come without using the most basic thing, the blockchain itself. So I consider it nothing more than junk.
What do I want?
Of course, in 2020 I would love to have a coin that combines the game with the coin itself. Yes, this is not new, but here I want a game like RPG or MMORPG where the coins are obtained after doing missions, mining in a cave or something else and can be traded in the game to fellow players. In a sense, the coin is the FIAT of the game's population.
With this, I think the adoption and introduction of crypto will become more rapid.

I don't want to see more token project because they are mostly garbage, the freedom that vitalik gives smart contract users have become the scammers den because of its simplicity unlike Tron network that doesn't tolerate such

I don't think about both. because in my opinion, tokens or coins that appear incompetent. only add junk coins / tokens only. in my opinion, it's better to develop an existing coin or token, and have a future. at least if it can't help for development. better support it with investment. it will be better.

Im looking for use case where all application on the real world can be used and set up an ecosystem for that coin or token. Actually I dont mind whether its a coin or tokens. The only advantage of token over coins is the ability to be used by our phojes which is very convenient unlike most coins that uses PC or laptop to be able to transact via marketplace.

Most token projects are trash because they aren't hard to build and that is why scammers use tokens the most, i like coins because most i have seen this year are actually real projects like tecra coin, veil privacy coin, its going to be more tasking for scammers to build coin to scam people when erc20 tokens can get built in minutes

The thing though is, most of the tokens and coins being created are completely unnecessary. We already have bitcoin(and probably ether), and that itself covers a lot of things already. Name a single thing that bitcoin/ether couldn't cater to the needs of certain people that a new altcoin could.

I still prefer utility token rather than coin. Utility means your token has utility usage that can be used in the platform while coin has no usage to be used on the platform.
I wanna see more and more token projects as long as that will be utilized and that token can be compliance with the regulation, Im also wanna seeing utility coin too.
I would not wanna see both become token and coin only and they worth nothing.
A token or coin without utility usage can be considered as a crap coin/token.

They are used for different purposes so I wouldnt say that coins are only needed and tokens are not needed. I would say that tokens are used for small companies/industry that are only used for payments or something like that. They focus on the physical business while the teams who created coin is much focus on the technology itself. To conclude they are both important but I would pick coins because I love innovation on technology.

I think otherwise.  It is great to see new tokens and coins that caters the needs of people.  More competition, more development on the table.  We must accept the fact that there are other project ambitious developer that wanted to lead a project and implement their goals ang plans.  With Bitcoin alone, these developer won't have any chance of showcasing their skills and showing their skills is also healthy to Bitcoin economy because there will be lots of testing grounds (altcoin projects) for Bitcoin future technological development.

personally choose coins because they are stable for their own network ecosystem and are stronger in short-term fluctuations, but also interesting to follow the development of tokens from the beginning to past the mainnet stage etc. I analyze more in terms of the potential they have and how they struggle in development that can convince all parties.

If it's about the long-term system, there's no chance for a new coin or token to survive, there are a lot coin/token out there which has implemented all the ideas, features and needs of the cryptocurrency ecosystem. the competition now is how to survive in the market.

Don't expect too much from new coins or tokens.
So my answer is clear: i don't want to see either of both.

There are some quality security tokens out there, but in regards of utility tokens I am yet to see a sustainable token ecosystem that supports its value. There were a lot of projects built upon Ethereum, but I'm sure that most of its value is speculative. To answer your question I don't have a preference between the two options. When I look for a potentially valuable I look at its intrinsic value no matter by what is that given - asset-backed, utility, means of exchange.

ERC20 Token was once very popular in the world of cryptocurrencies, however, it was the scam that lost its place in the community. Too many tokens are created just to steal investors's money, about 80% of those projects are scams. Now, it almost disappeared from the community.

Most of the utility tokens that came up during the ICO/IEO season are not doing well. i would rather prefer investing into a coin with a use case which drives its liquidity within an established ecosystem. Some masternode coins are doing great and one project that i would encourage you all to keep an eye on is the Divi project. I think it might turn out to be something great in future.

For now, I hate those ERC20 tokens too, as most of them are scams, they are just used by those scammers that even a not so knowledgeable in blockchain can create their own tokens, so I don't really rely on them, I don't trust much of them as there were tons of scams using ERC20, so I am checking coins right now which has a potential.

I will like to see more of utility tokens. And to those who scream they want only Bitcoin, I implore them to seek the opinions of those who bought Bitcoin at ATH and are still hodling to find out how they feel. My point is - every business involves risk. Bitcoin isn't a Safe Haven. It also has it loses just like investing in altcoins does.

I used to like Utility Tokens before, but now I don't, even, I hate them. All we know they are created from many different projects with different purposes, but in the development process, many crooks have planned and created useless tokens, in one way or another, they use utility tokens to cheat investors, all that is generated is useless tokens. And finally, when the market is saturated, they become garbage, they also make the market more difficult to distinguish, like a supermarket full of trash.

I will pick on coin. Maybe with coin, i see more efforts when create it. That is just the basic, from test A, test B, make sure no problem with blockchain. And sometime we can see a coin must be set up for longer time before launched. With only that thing usually i prefer on a coin, and then for now i still like old coin that already in market than new token, either it is security, or utility or anything else.

i'm also hate all tokens and i think now most of the token projects are scammed this year.so, i'm always avoid all tokens and try to earn crypto coin.

If the new coin still will work as a store of value coin while no one is mining it, I'd just go for the token with utility that I can invest since it can be added  on DEX. Token build as ERC20 can be added on DEX, you can dumped them whenever you want. A coin developer will have to wait til an exchange will be interested in adding its coin. Both of them can be dumped eventually and all that will be left are the loyal supporters of the project ( likely the dev team)

I'm more interested in coins where I can be a part of them buying or mining, but if the tokens seem like they only look stiff in development that doesn't look unique, but most tokens are too easy to print so many scammers easily fool many people there with its scam project

This discussion should be part of altcoin discussions.

Frankly speaking, I wouldn't diversify my portfolio into any new tokens or coins rather than few big names like bitcoin, Eth, Litecoin, EOS etc. No matter how good the project looks like!

Can you please give me a list of 5 utility tokens that are successful till date? All of them are just vanishing out within few days/weeks of launching! It doesn't make sense to invest in utility tokens any more! That market is dead!

What would I want? Great platforms that actually use bitcoin and increase it's adoption. It's almost 2020. I think it's a good time(and well overdue) to stop looking for unnecessary coins and tokens that are being created unnecessarily.  By now you would think that people would already realize that most coins/tokens exists just to enrich the creators, but nope. People sure does love looking for the "nExT BiTcOiN".

More of the tokens is just a waste of many. If you continue investing in token you may experience many lost. Ill never say you will not experience lost in coins but in tokens this things will always happen.

I hate tokens, they are parasites piggybacking on somebody else's blockchain. It is incredibly annoying that not only you need to get the token, but also the coin that owns that blockchain to move things around. Sometimes their wallets hide this, but is a serious hindrance.

I have disdain for altcoins in general, but at least use your own blockchain...

At present time in the crypto space. Yes there are more and more projects coming up every day. New coins and tokens. What would you rather see more of this time that be more useful to you?

Coin or a Utility token that can be earned by doing something else?

Why do you think a Coin is what you want to see?

Or Why would you want to see more Token projects?

or why you would not want to see either of both

Tell us your reasons why. this be neat