Topic: Is utility token trading actually dead? (Read 309 times)
This is 2019 and most investors are now wise, investors do not just invest a utility token because of its hype but rather because of its real world usecase. Every project that want ls to survive should spend more time 8n developing their peoject instead of just living by telegrm hype
Binance is still being hyped by now. Even with all those mistakes that they have made and a lot of negative feedbacks they are still in the number 1 spot. You could call this already a hype.
Just talking about it increases its dominance again.
Utility tokens. Yes, I think there is not much usage for them now. BNB though makes it cheaper to trade in Binance so I would also pick to use it rather than being charged with Bitcoin or other coins.
Maybe you know that Token can be killed at any time or become Token of top 100 CMC. Traders and whales determine the value of a token. When any whale makes a decision, it can turn the Token into garbage or gold. Everything is getting better when listed on BNB.Just talking about it increases its dominance again.
Utility tokens. Yes, I think there is not much usage for them now. BNB though makes it cheaper to trade in Binance so I would also pick to use it rather than being charged with Bitcoin or other coins.
BNB did an impressive market growth because investors see assurance with this coin and exactly they never fail of what they are expecting to happen. Binance market support is in place and ain't no wonder that they will have a good reputation.
I prefer to trade utility tokens of only those projects that have a working product that is developing and its popularity is growing. Because the price of a coin can fall at any moment, especially when a team or bounty hunters start selling their tokens, especially without a finished product and in the initial stages, no one knows whether the project will be successful or not.
Binance is still being hyped by now. Even with all those mistakes that they have made and a lot of negative feedbacks they are still in the number 1 spot. You could call this already a hype.
Just talking about it increases its dominance again.
Utility tokens. Yes, I think there is not much usage for them now. BNB though makes it cheaper to trade in Binance so I would also pick to use it rather than being charged with Bitcoin or other coins.
Maybe you know that Token can be killed at any time or become Token of top 100 CMC. Traders and whales determine the value of a token. When any whale makes a decision, it can turn the Token into garbage or gold. Everything is getting better when listed on BNB. Just talking about it increases its dominance again.
Utility tokens. Yes, I think there is not much usage for them now. BNB though makes it cheaper to trade in Binance so I would also pick to use it rather than being charged with Bitcoin or other coins.
There is no utility for the tokens yet which means the prices were simply depends on the hype of crypto trading.So until the mass crypto adoption takes place the price will be driven by the traders and influences so if you don't want to hold until the adoption happen then go for the coins like bitcoin.
Utility tokens are going to be a good investment if its platform is going to be used by users. If not, I guess it will just die. Team celebrates and go on to another project. BNB stands out the most besides ETHER since BNB is quite really useful in the exchange. They've also mandate those who tokens wanting to be listed on their DEX to pay BNB, hell thats a good reason to buy BNB.
Everyone can have their perceptions for their own or third-party experiences, but there are platforms such as Mintme, a crowdfunding and crypto exchange platform, that work hard on developments that based on the creation of tokens as a valuable representation of their projects, and that allows creating their own value in a fair way, and without intermediaries.
Mintme is a platform platform where creators and investors find the ideal environment to let others know about their projects and create a chain of mutual support, since gives you the opportunity to create and trade your own tokens backed up in your projects and earn through it like you would do it through a crowdfunding campaign (this time based on blockchain technology) at the same time that it provides you with the possibility of trading with them meaning that those who give support by buying can also earn with the creator’s tokens. Inside mintMe, you can be either the token creator or a token holder.
To the question, is utility token trading actually dead? My answer is no and we will continue working to keep it that way.
well, your post is very promotional (aka spam) for Mintme. But are you able to ground on how your project will actually be affecting token's price? The real price is either a derivative of demand or in the crypto world - pure speculation. How is our token any different and dare I say better than Binance's BNB? Mintme is a platform platform where creators and investors find the ideal environment to let others know about their projects and create a chain of mutual support, since gives you the opportunity to create and trade your own tokens backed up in your projects and earn through it like you would do it through a crowdfunding campaign (this time based on blockchain technology) at the same time that it provides you with the possibility of trading with them meaning that those who give support by buying can also earn with the creator’s tokens. Inside mintMe, you can be either the token creator or a token holder.
To the question, is utility token trading actually dead? My answer is no and we will continue working to keep it that way.
Binance is still being hyped by now. Even with all those mistakes that they have made and a lot of negative feedbacks they are still in the number 1 spot. You could call this already a hype.
Just talking about it increases its dominance again.
Utility tokens. Yes, I think there is not much usage for them now. BNB though makes it cheaper to trade in Binance so I would also pick to use it rather than being charged with Bitcoin or other coins.
Just talking about it increases its dominance again.
Utility tokens. Yes, I think there is not much usage for them now. BNB though makes it cheaper to trade in Binance so I would also pick to use it rather than being charged with Bitcoin or other coins.
Sorry, what good business action plan are you referring to, is it the one that has to do with them forcing any potentially investors wanting to invest in an IEO through their exchange to buy and hold their token before the IEO date thereby pumping the price of their token. Is that what you refer to as a good business plan?. What they're simply doing isn't different from what most Altcoins did in 2017 and now suffering the consequences. What's wrong if they allow investors to buy their token on the day of the IEO and still be eligible to participate in the crowd funding event.
Thought their token was trading around $31 +/- few weeks ago guess the hype is now dieing down as the IEO aren't coming in their numbers anymore. The Binance token is just been overhyped and now overpriced as its utility purpose doesn't correspond with price value meaning the chances of price decline will always be high except the hype stay forever (wish is impossible) so it's just a matter of time before it get back to 1 digit price value.
Bnb business style is actually ok. They have been able to get alot of people to use the coin.. . I guess their expansion model is actually helping them a great deal too. Or they're probably doing well so quickly due to political connection?
In my opinion, real token need to grow organically in Blockchain-friendly manner for the sake of sustainability. Decentralized growth should be encouraged more. What happens if the law forces the exchange owner to act in certain ways that are incompatible with crypto ideals like decentralization. If he doesn't comply, he could be forced to close shop.
In my opinion, real token need to grow organically in Blockchain-friendly manner for the sake of sustainability. Decentralized growth should be encouraged more. What happens if the law forces the exchange owner to act in certain ways that are incompatible with crypto ideals like decentralization. If he doesn't comply, he could be forced to close shop.
BNB is successful because it was built inside an exchange and also used for it.
They offered so much that traders really saw it very inviting to buy and be used as a transaction fee.
It was the Binance exchange which made the hype. The BNB project might have been already in the make up while it is happening.
But they still need the exchange to boom before the coin will.
Now, there is still a possibility for a new token to rise. That is, if it could give some good features rather than the old ones around.
They offered so much that traders really saw it very inviting to buy and be used as a transaction fee.
It was the Binance exchange which made the hype. The BNB project might have been already in the make up while it is happening.
But they still need the exchange to boom before the coin will.
Now, there is still a possibility for a new token to rise. That is, if it could give some good features rather than the old ones around.
If by buying a utility token you are thinking of getting a profit someday, you are actually wrong. Utility tokens are designed for people to be able to use the particular services or products of a certain project. The truth is that utility tokens are not sold as investments; they are sold primarily, of course, to fund the project's development, and secondly, for investors to have access to whatever the project is offering.
Nevertheless, while the demand for the services of such projects has not grown, you can continue to trade in such tokens. I can’t say that I have always successfully traded office tokens, but more often it turns out to make a profit. Traders at an early stage help to increase trading volumes and liquidity, but the team of any project must maintain the price of its token and this should be laid down in the project strategy.
Maybe about BNB, at least they already have product that is why people see it as good utility token. I mean, maybe some projects need to have real product first and make ICO to raise money so they can spread and can make their project can be better. Maybe if a lot of project did that thing, investor's truth will be back because it is proven if speculate in project that not have product yet is bad idea.
Utility token should have a use case, and should be relevant in the functioning of the platform on which the project is built, this is the only way to ensure profits/revenue accrued in the business would be reflected in the price of the tokens.
But there are lots of nuances to the value of a cryptocurrency, and as stated above, speculation does play a huge role.
But there are lots of nuances to the value of a cryptocurrency, and as stated above, speculation does play a huge role.
I believed that the utility token which I used to hold so long is developing its momentum right now and will rise sooner of its value. Although it seems harder to see good price nowadays, but it doesn't threaten me to be panic. Instead of having bad days I am enjoying and hoping alcoins seasons to come after real bull run happens.
I'm not particularly giving concern with the price but the most important to see it alive. The market price will soon to rise if many people will use this as it will increase the market demand.
It depends on the extent of support for that platform, for example, Binance platform contains thousands of dealers and a lot of people but they are not investment tools.
BNB makes it easy for you to trade on the platform because it gives a discount and the value of that token may go up/down & give you a real opportunity to reduce fees.
Generally, the distant future of these tokens does not mean that they will rise for thousands of dollars so if you think of them as an investment or trading, you are wrong.
BNB makes it easy for you to trade on the platform because it gives a discount and the value of that token may go up/down & give you a real opportunity to reduce fees.
Generally, the distant future of these tokens does not mean that they will rise for thousands of dollars so if you think of them as an investment or trading, you are wrong.
If their project is useless or they didn't accomplished their roadmap even at the beginning it is totally dead.
A very lot of people fall into it, the ICO fever on 2017-2018. Almost 90% lost.
I don't think so if a utility token is useful, it won't be dead. Most of utility token are totally shit. I hope people will learn their lessons.
A very lot of people fall into it, the ICO fever on 2017-2018. Almost 90% lost.
I don't think so if a utility token is useful, it won't be dead. Most of utility token are totally shit. I hope people will learn their lessons.
Of course, the price of most official tokens is initially kept at a high level thanks to the support of speculators and traders. I just see a lot of projects with an existing business and a finished product, but the price of their token continues to gradually fall. This situation is observed in almost all projects and it takes more time for the demand for project services to grow and only after that the price of the token will begin to grow along with the growth in demand.
Utility token should have a use case, and should be relevant in the functioning of the platform on which the project is built, this is the only way to ensure profits/revenue accrued in the business would be reflected in the price of the tokens.
But there are lots of nuances to the value of a cryptocurrency, and as stated above, speculation does play a huge role.
But there are lots of nuances to the value of a cryptocurrency, and as stated above, speculation does play a huge role.
I believed that the utility token which I used to hold so long is developing its momentum right now and will rise sooner of its value. Although it seems harder to see good price nowadays, but it doesn't threaten me to be panic. Instead of having bad days I am enjoying and hoping alcoins seasons to come after real bull run happens.
That's good at least you still hold the token. I hope you can hold it longer because we don't know when the market can fully recover so your token can increase back to the normal price. We need to enjoy the ride of the market, and we don't have to feel bad about waiting for the recovery.
But I guess that many projects now don't care about the utility case for now, and I think they are busy to make their project still running and recover their losses. But when the right time comes, then we will see which project will increase later.
Utility token should have a use case, and should be relevant in the functioning of the platform on which the project is built, this is the only way to ensure profits/revenue accrued in the business would be reflected in the price of the tokens.
But there are lots of nuances to the value of a cryptocurrency, and as stated above, speculation does play a huge role.
But there are lots of nuances to the value of a cryptocurrency, and as stated above, speculation does play a huge role.
I think that utility token must have a use case, it doesn't exist anymore, because most projects don't care about their tokens and rarely do I see a project where developers are serious about developing tokens they make. Most project developers only make a token as a vehicle, after reaching their destination they leave. So see these token are controlled by hype and speculators, just look at lots coins in cmc and pay attention to those coins, they are all influenced by hype, fomo, speculation.
Jump to: