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Topic: PURPOSE OF TOKEN? - page 12. (Read 3369 times)

full member
Activity: 1344
Merit: 103
June 21, 2018, 09:44:13 PM
Token are many different uses but like the other said here its turning to scam .They are use for the payment for the product or to avail the services you need to have a token for trading or voting .If you carefully read the whitepaper or the project of ico`s you can understand the importance of it .As of know i see many token or ico`s until now has still alive and success .
member
Activity: 308
Merit: 17
June 21, 2018, 09:39:36 PM
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.
usually from some tokens developed by the project must be part of the concept of a project being developed. and if the project succeeds with the number of investors who buy a lot of tokens, I think tokens can be used for investment tools that are very profitable for everyone who wants to join the project.
member
Activity: 420
Merit: 19
June 21, 2018, 09:38:07 PM
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.

We have lot to speak on crypto tokens. We have hunters here so just think how important it's felt. Even bitcoin was a token and yes the first token. You might have heard of pizza was bought for so many coins.  So just compare the value of bitcoin when it was tokens and now as a dirt ever coin with a huge value. People invest in tokens hoping the project will reach everyone and thus the tokens will gain values. When the token values is increased the revenue is increased.
full member
Activity: 460
Merit: 100
June 21, 2018, 09:08:57 PM
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.

Bitcoin is also known as digita currency and I think the purpose of tokens is to promote their project, They use it as a rewards for the people who promote their projects because this is easy.People promote project and then their rewards  (token) can exchange to become currency money.





For me token is uses of bounty and token is like a cryptocurrency and we can sell it if the price of token will goes up like the cryptocurrency and i think token is good also for investment because token will goes up and get a huge profit if the token price will goes up.
newbie
Activity: 210
Merit: 0
June 20, 2018, 12:08:41 AM
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.

Bitcoin is also known as digita currency and I think the purpose of tokens is to promote their project, They use it as a rewards for the people who promote their projects because this is easy.People promote project and then their rewards  (token) can exchange to become currency money.
full member
Activity: 476
Merit: 100
June 19, 2018, 10:58:01 PM
I think what you're saying is an alt coin. We use the term token for every crypto currency in the market. We also use coin and stuff like that. If you're talking about an alt coin then you can convert that into an Ethereum and then BTC. You have to take into consideration that to convert an alt coin you will be charged with a conversion fee of sorts.
newbie
Activity: 126
Merit: 0
June 19, 2018, 10:55:23 PM
Wait, what? Did you just invest in a coin without knowing its purpose? Before you invest into something you should know its overall purpose, target market, and the team behind it. Because you invested to that knowing it will be big someday and that particular idea is worth something!
newbie
Activity: 182
Merit: 0
June 19, 2018, 11:19:20 AM
Tokens are your coins that you get for your work. If the project is successful, the growth of coins can be positive. In this I believe all bounty hunters) also you can convert their tokens in bitcoin or Ethereum, let even this and will total thousands of share of.. but you will have a tiny share, but bitcoin  Roll Eyes



I think Some tokens have a purpose for their company, some not because it is a scam.
Each ico has its own token. They give their token name. Tokens are different because different companies do it. Not to confuse the people in which they invest.
full member
Activity: 448
Merit: 100
Lets Go Adab
June 19, 2018, 11:12:05 AM
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.

Token is a terminology that is being widely used by different ico, this companies are creating their own block chain in order to generate a cryptocurrency of their own and they will sell it to the investors by creating a platform where everyone can have their profit depending if the ico will be successful.
newbie
Activity: 126
Merit: 0
June 19, 2018, 11:07:07 AM
he purpose of using a larger token can of course be used for payment. A token can be a fuel for a network of operations (GAS) or a unit of exchange in a storage application and a wallet developed specifically for the base.
newbie
Activity: 154
Merit: 0
June 19, 2018, 11:02:06 AM
Token is based on a coin basis. For example, the majority of today's tokens are released on the Ethereum platform based on the ERC-20 standard. Some other tokens are based on NEO, WAVES, STELLAR, and Bitcoin platforms.
newbie
Activity: 34
Merit: 0
June 19, 2018, 10:13:10 AM
In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of "tokens", in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project launches.
full member
Activity: 379
Merit: 100
June 19, 2018, 08:01:30 AM
Token is like a coin, but not all the tokens are legit and able to be exchanged, so try first to find out, which is the terms for that particular token that you have.
full member
Activity: 280
Merit: 100
June 18, 2018, 10:13:57 AM
This response is positive, hehhe. You can tranfer to Ethereum or Bitcoin only those tokens which are already listed on a particular exchange platform, so check this out.
newbie
Activity: 168
Merit: 0
June 18, 2018, 08:33:19 AM
Capital mobilization projects will issue their coin and sell the Token to be issued on a coin basis. For example, the majority of today's tokens are released on the Ethereal platform
member
Activity: 252
Merit: 10
June 18, 2018, 07:40:54 AM
Purpose of token? are you read the whitepaper of your token? If you already read the whitepaper you will know the purpose of the token. Token = cryptocurrency like another. Token have any purpose, depends on the platform as service.
newbie
Activity: 140
Merit: 0
June 18, 2018, 07:25:09 AM
Tokens are usually some form of money, but often it can represent something else entirely — membership in a program, for instance, or proof of ownership. In crypto, it serves many purposes, but they are almost exclusively financial. And one great benefit of crypto tokens is that they are, by nature, exchangeable for other forms of value.
full member
Activity: 650
Merit: 100
Financial aid for users: https://bit.ly/2SMY8gi
June 18, 2018, 01:54:19 AM
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.
Tokens were altcoins that has purpose,it can be used in their platforms or can be traded etherium,then to bitcoin.They can be hold for long term investments and wait until it pumps up and can be converted inorder to earn profit from it.If you hold one try to research if it is already listed in some exchanger so that you can benefit from it when the value starts to rise up.
newbie
Activity: 91
Merit: 0
June 18, 2018, 01:22:05 AM
Token economies are based on operant learning theory, which states that rewards and punishments shape behavior. A token economy rewards good behavior with tokens that can be exchanged for something desired. A token can be a chip, coin, star, sticker, or something that can be exchanged for what the student wants to buy.
member
Activity: 532
Merit: 10
June 17, 2018, 05:25:16 PM
Those existing ICOs have their distinct tokens. These tokens are use for their platform and can be change into fiat once they listed on some exchanges. Tokens are use to pay those services offered by the projects. There are some uses of the tokens depending on how it is operated by the said project.
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