Topic: how can you define 'Real Use Case'? (Read 199 times)
When a project is tagged to have real use case, such project is used to solve a life problem or the other. Let's look at Btc, it's a store of value, its a mode of payment people use it in real life for payment services. Let's look at Eth blockchain, it's used for launching Dapps. Working product is like an MVP, it's used to show what the project has developed through which the real life use is effected. Working product can be an app, wallet, or p2p gateway's.
Real use case is understood as real usage in real life. For example BAT tokens are used to reward content creators on some social platform and it's stick to Brave Browser. BNB can be counted as another real use case since it's backed by the world's largest cryptocurrency exchange. As altcoins market is becoming saturated, real use case coins are favored by investors.
A real use case can be defined as something that has its own use and it has been used by people, whether it is in real life or in digital life.
while a working product itself is something that is working but it has not been used by people. It is just working,
while a working product itself is something that is working but it has not been used by people. It is just working,
to do that you first have to categorize different altcoins based on what they are designed to do.
- we have currencies which can be further categorized into normal privacy oriented currencies and the full anonymous currencies.
in this category you can put bitcoin in first group and coins like monero in second. also majority of altcoins aim to be this but almost 98% of them are failing.
now the "real use case" for these coins is if they are used as a currency to purchase something. and that has to be in real world not just some random places on the internet that don't get any customers at all.
- another group would be the tokens that are for special usages.
in this group you could place tokens such as ethereum.
the use case of these group of coins is for smart contracts.
now in my opinion, we can only call that "real use case" if that smart contract is used for something real in the real world not just creating some abstract token (like ICOs) that have no applications!
- another group could be stable coins
so far we only have centralized stable coins. their real use case is for trading for those day traders who prefer going back and forth between an altcoin and another altcoin that has a stable value against USD.
- we have currencies which can be further categorized into normal privacy oriented currencies and the full anonymous currencies.
in this category you can put bitcoin in first group and coins like monero in second. also majority of altcoins aim to be this but almost 98% of them are failing.
now the "real use case" for these coins is if they are used as a currency to purchase something. and that has to be in real world not just some random places on the internet that don't get any customers at all.
- another group would be the tokens that are for special usages.
in this group you could place tokens such as ethereum.
the use case of these group of coins is for smart contracts.
now in my opinion, we can only call that "real use case" if that smart contract is used for something real in the real world not just creating some abstract token (like ICOs) that have no applications!
- another group could be stable coins
so far we only have centralized stable coins. their real use case is for trading for those day traders who prefer going back and forth between an altcoin and another altcoin that has a stable value against USD.
When a coin has a real use case, it mean it's being used somewhere for something. Just like BNB has a real use case, where you can use it to pay fees on the platform or for others purposes and that real use case, do boast its price. When a project has a working product, it means they have a product that can boost it asset price. Like Binance has a working product which is the binance exchange which is a working product and then the use of BNB to pay for fees shows a real use case
Real use case and working product can be categorized as same meaning,every coins and tokens must have something they lean on to drive demands for the coins and tokens,some will be exchanges like huobi tokens or bqqq bitsdaq token and some are just real life usecase like real estate coins,you can use these coins to invest in houses and get returns
hi fellas after reading some posts on here about WORKING PRODUCTS AND REAL USE CASE i want to know what you people understand about REAL USE CASE and WORKING PRODUCT,it seems many people dont understand what this means and many are mixing it up,please kindly share your thoughts
IMO a real use case means a coin that can be used to do real trading of product or service be it as an open transaction or a use case for the internal ecosystem of the product or service. A working product should be something that would fulfill the need of the user. A token as a gaming coin that can be used to buy upgrades and items in game could be called a real use case so would be a telecom company that takes payment in token for the airtime. A DDOS protection software or a cloud storage are also an example of real use case.
Use case is directly related to product. So if the product is not viable, then the use case is not also.
A project should always solve a product. Which jeans that use case should also be after solving problems.
If it doesn't, it means there is no usefulness for it.
A project should always solve a product. Which jeans that use case should also be after solving problems.
If it doesn't, it means there is no usefulness for it.
For a project to be classified as a working product it must be acive and available to the public, have an active community and have a viable roadmap e.g brave browser (BAT Token) and steemit (Steem). A real use case is a goal or purpose of a project.
The definition of a real use case in the crypto world may include how the goal or the project will be. commonly, they will create real products/platform/application, and other outcomes of the projects in which they will use the crypto as the payment method of using them.
And of course, the real use case should be everything that is worthed, reliable, interesting, an also worldwide utility.
We can see some projects that may apply this term, they are such as Airpod, Loteo, and others.
And of course, the real use case should be everything that is worthed, reliable, interesting, an also worldwide utility.
We can see some projects that may apply this term, they are such as Airpod, Loteo, and others.
I am trying to invest in products thats product is already functioning. One of the best examples is Miracle Tele, they have already a lot of people using their sim-card all over the world and those numbers are increasing every months. This is called a crypto currency backed by a working product.
Miracle tele is a big example of working product with a real use case,with the telecom foundation there is no how people will not use the service and whatsapp and telegram is free on their simcard,i hope more projects will have reasonable working products with real use case like mirale tele
It may be best to illustrate real use case using an example. Take a look at BAT (Basic Attention Token) the team has created a good browser where users can earn BAT by watching ads and/or by getting tips from the contents they created.
It's my definition about real use case and working products, maybe not same with other users
Real use case means use case for real used in a business not just imagination. I add more definition here, real use case must have lot of demand, real use case with small demand means not real use case (I know many member will not agree).
Working products means they show us their implementation for their use case. But stop it now, i add more deep definition for myself, Working product not only they show it to public but how they will manage, grow their user base for their platform and run their business. Many token have working product but also failed to grow their user base and grow their business.
Real use case means use case for real used in a business not just imagination. I add more definition here, real use case must have lot of demand, real use case with small demand means not real use case (I know many member will not agree).
Working products means they show us their implementation for their use case. But stop it now, i add more deep definition for myself, Working product not only they show it to public but how they will manage, grow their user base for their platform and run their business. Many token have working product but also failed to grow their user base and grow their business.
Most times working products can be likened to real use case, in my own understanding they all point to one thing which is an evidence of what the team is offering.
With that being said, working products means a product or service which is already existing and being used by people. Like I said, it can be a service or a product, the aim is to offer something to the world which will impact lives, change the way people do things etc.
Also, any "working product" which isn't already in use, still in developement stage or otherwise isn't a working product; and this have been used to deceive many investors whereby they invest and the team ends up not delivering the exact thing that was promised.
With that being said, working products means a product or service which is already existing and being used by people. Like I said, it can be a service or a product, the aim is to offer something to the world which will impact lives, change the way people do things etc.
Also, any "working product" which isn't already in use, still in developement stage or otherwise isn't a working product; and this have been used to deceive many investors whereby they invest and the team ends up not delivering the exact thing that was promised.
hi fellas after reading some posts on here about WORKING PRODUCTS AND REAL USE CASE i want to know what you people understand about REAL USE CASE and WORKING PRODUCT,it seems many people dont understand what this means and many are mixing it up,please kindly share your thoughts
A real product is something you can already use. For example, let’s take the Universe (uni) crypto project for more than two years. During this time, the team launched several working projects: an online wallet, its own game with cryptocurrency reception, a wow server, and much more. With this example, I wanted to show what a working product means, only unfortunately many investors are ready to invest in outright deception than projects that are of any value.
hi fellas after reading some posts on here about WORKING PRODUCTS AND REAL USE CASE i want to know what you people understand about REAL USE CASE and WORKING PRODUCT,it seems many people dont understand what this means and many are mixing it up,please kindly share your thoughts
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