When there is ICO or STO for fund raising so in decentralised system there are some utility tokens have given to the contributer for investing funds. Token can be tradable after sometimes for simple words it is just like shares/stocks.
There are other purposes like access to the platform,
Buy things for exchange of tokens.. Etc..
Topic: PURPOSE OF TOKEN? (Read 3300 times)
Most of the tokens right now are a utility tokens, they use the token to function up in their platform provided. And about sending tokens to bitcoin, you can't. Because they have different blockchain solution.
There are a lot of purposes of tokens. If you take LTC, it is a payment method, that is safer and faster than Bitcoin. If you take Ethereum, it is a perfect funds collection Method that is used by all ICOs. If you take SHIVOM, it is aiming to integrate the blockchain powered solution to the medical industry and so on.
Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
The main use of token is for exchanging it to other valuable thing . People made token as a replacement of natural money . It can be use to buy and so many other thing . What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Utility tokens are used as means through which 9ne interacts with the project or better still tokens serve as means of fueling each platform. Those tokens are called utility tokens and each project need it to run their project not that its really necessary.
Lots of different tokens comes up with different companies too with differeny value in the market,we keep this tokens for the time when theres an exchange,yes we can converted it to euthereum or bitcoin,so it is very usefull.
The goals can really be completely different, because it happens that people simply create tokens that have no goal at all, so I would probably recommend that you think more often about what you invest in
Mostly tokens are utility of the project.
It is being used in ICO or to fund the project of the future using Initial Coin Offering.
This tokens will be listed in the market to gain price and demand from the people.
but sometimes this one will be delisted due to fallen price and demand is not good enough to continue.
It is being used in ICO or to fund the project of the future using Initial Coin Offering.
This tokens will be listed in the market to gain price and demand from the people.
but sometimes this one will be delisted due to fallen price and demand is not good enough to continue.
Most of the tokens right now are a utility tokens, and some of it are security tokens. The utility tokens are tokens that can be used to their own platform, like making staking method, as a form of payment, tokens can be used as a buying or selling. For more information, please read the project's whitepaper to know about the usability of the token.
Well, the purpose of token in digital cryptocurrency means the product name or brand because it can easily be familiarize to what product is being advertise or promoted in an ICO form.
ICO project initially start their project with token since they don't have enough fund to invest in. later, after the ICO ends, they launch the main net. So, the basic reason of offering token by an ICO is to raise fund in form of coins.
Tokens are like bitcoin just that they are created on an already existing blockchain so we can say they use a feature of that blockchain to create those tokens and deploy them and let them become tokens to be used as a medium of exchange. The fact that they do not have their own blockchain does not mean they cannot become a top crypto. It all depends on the acceptance and use by the crypto society.
These days there are many ICO and tokens but only few of them are legit. This is really a bad situation for overall digital currency.
in my opinion, the purpose of token is something to give as a reward. Like in an ICO every projects have its own token to give back every end of the bounty projects.
This is funny answer.Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Token can define is so many ways such as token in crypto world, base on the basic definition of token it is:
something you give to someone or do for someone to express your feelings or intentions or a round piece of metal or plastic that is used instead of money in some machines, for example, to get food or drink out of a vending machine, use a car park, etc:
However if we talking about token in virtual world (crypto currency) it was the same as a tangible things that can offer or give to you. So if you asking what should you do in your tokens I think you know the right answer. It's maybe do trading or hold it for a long time of period to increase its own value in terms of cryptocurrency.
Yes you can trade with your tokens, its like you are on a stock market. That`s the cryptoworld, you can be a broker if you want to be.
To make it shorter token can have so many purposes, read whitepaper about the project and you will see what their token do.
in my opinion, the purpose of token is something to give as a reward. Like in an ICO every projects have its own token to give back every end of the bounty projects.
Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Token can define is so many ways such as token in crypto world, base on the basic definition of token it is:
something you give to someone or do for someone to express your feelings or intentions or a round piece of metal or plastic that is used instead of money in some machines, for example, to get food or drink out of a vending machine, use a car park, etc:
However if we talking about token in virtual world (crypto currency) it was the same as a tangible things that can offer or give to you. So if you asking what should you do in your tokens I think you know the right answer. It's maybe do trading or hold it for a long time of period to increase its own value in terms of cryptocurrency.
Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Though almost all projects represent their tokens as utility tokens, there is no really use of them yet and they have all the attributes of securities. Seriously, I'm in crypto for almost 2 years and I never used tokens on the platforms, only for speculation and making profit. What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
ICO projects are using tokens to attract people to invest to them. Tokens can be used sometimes to by products from the platform of the project but most of the time you can just sell it. Long ago, investing in tokens are great way to earn fast and huge money but now, as scam projects have become more often, it has been really risky to buy tokens from ICOs. What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
I think Token have a lot of purpose in one campaign. Token represent a certain campaign.What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Token can be use to invest in movie, music etc. In exchange site you can monitor your token if it has a value, when it increase or decrease.
Tokens are like bitcoin just that they are created on an already existing blockchain so we can say they use a feature of that blockchain to create those tokens and deploy them and let them become tokens to be used as a medium of exchange. The fact that they do not have their own blockchain does not mean they cannot become a top crypto. It all depends on the acceptance and use by the crypto society.
Token is a medium of exchange or transaction on mywallet Ethereum which has become mandatory for bounty project users. While authentication is verification whether a person is a person who has the right to the transaction that he wants to do or not.
After understanding what is the meaning of tokens, authentication, what types of tokens, and some of the benefits of tokens, it is hoped that we can all realize the importance of using tokens, especially in conducting bounty transaction activities.
The most important thing is for token users, it is advisable to be able to maintain their tokens and never give your tokens or keys to access other people's tokens.
After understanding what is the meaning of tokens, authentication, what types of tokens, and some of the benefits of tokens, it is hoped that we can all realize the importance of using tokens, especially in conducting bounty transaction activities.
The most important thing is for token users, it is advisable to be able to maintain their tokens and never give your tokens or keys to access other people's tokens.
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