Topic: ICOs should only create Tokens with Working Products or Services - page 10. (Read 2160 times)
September 01, 2018, 12:30:13 PM
All who have at least some relation to the cryptocurrency, have long been waiting for its application in real life. And I think it will happen soon.
September 01, 2018, 11:57:09 AM
Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.
In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
If this is the case then there's no need for ICO's because it seems that there's no unique project coming up and everything was redundant. I understand your sentiments but there's no regulatory body to enforce or implement this policy. So short term, project are going to be born every day, duplicates of other project in the past but still gullible investors are wiling to put up investments. This is how the game is played and I don't think it will simply evolve overnight. I'm not saying I don't agree with you, what I'm trying to drive up is that is going to be difficult because the market is free.
September 01, 2018, 09:30:42 AM
I agree with you. So the token was the future, should stand behind it really work product.. Without this token will not survive for a long time.
September 01, 2018, 08:46:07 AM
Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product it directs supports. This is what a lot of tokens are lacking today.
Happy Realization I guess?In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
Every white-paper "claims" to bring something new to the society *virtual society* Exchanges just don't like people accepting these changes 
You know if one wanted to change the world through ICO's, they wouldn't create them in the first place.If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
Every ICO is created to solve some social problem. However, they don't get past the exchanges. September 01, 2018, 08:42:48 AM
I agree with what you say.
Actually, the whole speculation and "making money from nothing" icos have pretty much crashed and burned.
There are still hundreds of icos popping up, but the entire ICO market is pretty much dead.
It's actually not surprising when you take a step back and look at how insane the ico bubble was.
Now, after a whole year of the market crashing and being sluggish, investors have wised up and aren't throwing money at icos with only a whitepaper.
This of course, is good news, no one wants a crypto market where it's value is based on only speculation.
But, in a way, it has also been a bad thing.
Legitimate ICOS with amazing tech and amazing solutions have had a hard time just like all the others.
Take Neon Exchange, one of the best icos and most hyped one so far this year.
Even they are struggling.
Last year, a company like Neon exchange would have absolutely killed it.
Actually, the whole speculation and "making money from nothing" icos have pretty much crashed and burned.
There are still hundreds of icos popping up, but the entire ICO market is pretty much dead.
It's actually not surprising when you take a step back and look at how insane the ico bubble was.
Now, after a whole year of the market crashing and being sluggish, investors have wised up and aren't throwing money at icos with only a whitepaper.
This of course, is good news, no one wants a crypto market where it's value is based on only speculation.
But, in a way, it has also been a bad thing.
Legitimate ICOS with amazing tech and amazing solutions have had a hard time just like all the others.
Take Neon Exchange, one of the best icos and most hyped one so far this year.
Even they are struggling.
Last year, a company like Neon exchange would have absolutely killed it.
September 01, 2018, 08:38:01 AM
Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product it directs supports. This is what a lot of tokens are lacking today.
In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
This idea, of course, is good. However, to implement it, you need to create a special body that will decide who to conduct ICO, and who does not. There will be another bureaucratic body, in which corruption will surely thrive, because very large amounts of money will be constantly involved here. As a result, good and promising ICO projects that will not give bribes will not be allowed to conduct an ICO. So let it be better as it is. It is necessary for states to check and register only ICO teams, checking them only for the possibility of fraud on their part, and they should not interfere with the essence of the project. Only in this way will we be able to obtain independent and diverse projects, and let the market determine which of them is needed by society, and which one is not needed. Investors also need to delve deeply into the ICO projects and invest only in the best of them. Then everything will be all right. In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
September 01, 2018, 07:40:19 AM
This is actually true. Most people only create this tokens because of trading it. Not all really have value.
August 31, 2018, 07:32:54 PM
Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.
In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.
If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.
Jump to: