PURPOSE OF TOKEN? - page 18. | Bitcointalksearch.org

Kemarit

legendary

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Quote from: SellBuyAcc on April 27, 2018, 11:57:05 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.

Its just simply a representation or like a give to you by the ICO project. So if it represents them then obviously it can be traded. You can transfer it to bitcoin very easy as their are token/bitcoin pairing in any exchange as far as I know.

Quote from: Cofee.BLUE on May 02, 2018, 08:12:26 PM

Actually having different tokens from different company are really has a purpose. Any company will do issue their token name because they wanted to be much popular and familiarizing in the market. The token serves them as a promotional strategy to easily recognizing their projects. Definitely different tokens has a different value in the market. Mostly campaign are giving their free token thru airdrops but there is a fact that it could be hastle for us because we need to wait for the exchanger before we can convert it to the currency that they want.

Well it could be promotional material, but most of the time those tokens have real life value specially if the project is really solid because investors will flock and purchase their tokens.

Quote from: Dr.Osh on May 10, 2018, 10:17:44 PM

In fact, so many advantages of making tokens. well, many people make their own tokens, because they know, when a lot of people buy their tokens, the more profit they will make. well, the purpose of the token they make is different, so from that, they focus their token function on the product they have, to make things easier, or something else. so, users who are interested in their products, must have the type of token they have.

Exactly, the more investors they attract to purchase their tokens, the more the project look solid and legit resulting in the price getting pump all the way up. There are a lot of tokens sub $1 dollar but there are tokens that price above $10.

Dr.Osh

legendary

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Buzz App - Spin wheel, farm rewards

In fact, so many advantages of making tokens. well, many people make their own tokens, because they know, when a lot of people buy their tokens, the more profit they will make. well, the purpose of the token they make is different, so from that, they focus their token function on the product they have, to make things easier, or something else. so, users who are interested in their products, must have the type of token they have.

nebuch

member

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The continuous creations of token in everyday in every year is a time to realize that crypto is not dead. Meaning this world we face in bitcointalk is not stagnant it is active. The more there are new tokens the more projects and progress means. New tokens developed because of. new dream and new plan to reach the objective that to be. People are progressing in our era new wants and the same needs that's why new token landed the crypto world as the team look the success in crypto. But sadly not all new tokens end up in success.

Pinoyfan

member

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Quote from: SellBuyAcc on April 27, 2018, 11:57:05 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.

in my opinion the purpose of token is so variety. many of us thinking what token really is many of them are shitcoins but there are coins that really do a lot and its roadmap has been used. maybe we should read more about ICO projects so we can understand what really tokens are. i am so happy that i shared my knowledge to this.

rileynicole17

newbie

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Tokens are given by the company, it is their payment for working for them. Tokens maybe used in games or you can convert it to their amount given when you are still working for them.

cahgantenx

newbie

Activity: 84

Merit: 0

Quote from: SellBuyAcc on April 27, 2018, 11:57:05 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.

tokens are alternative cryptocurrency, can be traded on the market like Eherdelta and Forkdelta. Exchanged with ethereum is better.

Procopiogamscrypto

newbie

Activity: 210

Merit: 0

You can get token by joining a campaign or just buy it and invest. The you use of token are base of what bussiness you invest. Some token are maid for gambling, playing online games, and money loan. That bussiness can you proceed if you have own a token like that.

DiamonDogs

jr. member

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https://coinspot.me

Quote from: SellBuyAcc on April 27, 2018, 11:57:05 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.

As far as I know, token always depends on other Blockchain. The widest platform which releases many tokens is Ethereum.
There several purposes of tokens, one of it is a utility token. The purpose of utility token is to power up and maybe unlock some features on the project itself.

SHAWN-MIDWAYS

hero member

Activity: 686

Merit: 521

Lots of projects have tokens to spread the word and get people to know their project. The purpose of the token is to expand their program and get it more known, so people buy it or invest in it. In order to promote it all we simply need to do is join the variety of bounties they have or simply if they offer this you can buy them. If you are looking to earn some extra cash I do believe that bounties are the way to go if you have lots of spare time on your hands.

Pinoyfan

member

Activity: 308

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Quote from: bachus on April 28, 2018, 12:32:24 AM

If you mean token = alternative cryptocurrency, then you can exchange it oneday to Ethereum, and ethereum is convertable to bitcoin, lol.

i think token or alternative coin is an alternate of other currencies. example i will make a project and its all about transportation. my token will be name ALX. this ALX can be alternate money that you can pay in your everyday transportation like Grab or other car. so that is the purpose of my token, theres a lot of token and in every token has its own purpose depending its ICO roadmap.

Tigorss

member

Activity: 308

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Quote from: SellBuyAcc on April 27, 2018, 11:57:05 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.

essentially to fund an application that later tokens can be sold with various currencies, up or down prices depending on whether the application is successful or not.

ralle14

legendary

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Shuffle.com

Quote from: batang_bitcoin on May 02, 2018, 06:36:58 PM

Quote from: SellBuyAcc on April 27, 2018, 11:57:05 PM

What is the purpose of token?

This is what most of the ICOs don't really have.

Some ICOs have a roadmap of their own but it's taking up too much time before their coin would be put in to better use other than trading. This is why I don't like ICOs because waiting is risky and it could lead up to nothing.

Quote from: ngano ba on May 02, 2018, 09:33:13 PM

When we are here in bitcointalk forum , our purpose here is to invest in bitcoin, but without money , we can not start investing, but still we can by joining bounty projects initiated through bitcoinforum, if you are qualified to join ,you be able to earn tokens , which is to be use for initial invesent with cryptos , or sell your tokens according to price value

Read the first post when you post. We are not talking about the forum and how you can earn from posting. Stop derailing the thread and post somewhere else.

Quote from: cahgantenx on May 02, 2018, 08:56:22 PM

as far as I know tokens include alternative coin or altcoin. Token prices are usually very cheap usually made for a project and sold when there is ICO

They should be cheap because when they hit the exchanges their prices goes lower than ico prices.

ngano ba

jr. member

Activity: 280

Merit: 1

When we are here in bitcointalk forum , our purpose here is to invest in bitcoin, but without money , we can not start investing, but still we can by joining bounty projects initiated through bitcoinforum, if you are qualified to join ,you be able to earn tokens , which is to be use for initial invesent with cryptos , or sell your tokens according to price value

Limar0

newbie

Activity: 154

Merit: 0

I am new to this forum but I understand what is token and its purpose.As far as I know, tokens are those given by ICO's right after the bounty campaign.Once the token is registered at market exchange,that's the time you can exchange the token into BTC or ETH whichever you like.Or to earn more you must hold it for at least a couple of months because normally, its value will double or even triple after 1 or 2 months time.

cahgantenx

newbie

Activity: 84

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as far as I know tokens include alternative coin or altcoin. Token prices are usually very cheap usually made for a project and sold when there is ICO

okakaynam

newbie

Activity: 67

Merit: 0

The purpose of token why people keep creating this is because some people creating project by the use of crypto currency by their token name. They use token because theres a lot of investors in crypto currency thats why they used it as platform of investment in their project. Token has its unique function or uses depend if the project will become successfull and not a scammed.

Cofee.BLUE

sr. member

Activity: 546

Merit: 250

Actually having different tokens from different company are really has a purpose. Any company will do issue their token name because they wanted to be much popular and familiarizing in the market. The token serves them as a promotional strategy to easily recognizing their projects. Definitely different tokens has a different value in the market. Mostly campaign are giving their free token thru airdrops but there is a fact that it could be hastle for us because we need to wait for the exchanger before we can convert it to the currency that they want.

patarfweefwee

member

Activity: 420

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A token (altcoin) is another crypto currency. For example, if you have an indian rupee, you can exchange that for a more substantial currency, like euros or dollars. It is the same for altcoins, you can exchange them for Ethereum then exchange it to Bitcoin if you want to. Although you mist do this in exchanges and it will cost you.

Cofee.BLUE

sr. member

Activity: 546

Merit: 250

Quote from: SellBuyAcc on April 27, 2018, 11:57:05 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.

Actually having different tokens from different company are really has a purpose. Any company will do issue their token name because they wanted to be much popular and familiarizing in the market. The token serves them as a promotional strategy to easily recognizing their projects. Definitely different tokens has a different value in the market. Mostly campaign are giving their free token thru airdrops but there is a fact that it could be hastle for us because we need to wait for the exchanger before we can convert it to the currency that they want.

sampalokmix

full member

Activity: 315

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Investing in the future development of blockchain

Quote from: SellBuyAcc on April 27, 2018, 11:57:05 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.

Well for me Tokens were very important if your profit or number of stakes will remain as is it will be hard for you how to calcupate the amount of profit that you can get for the service that you have offered to them, and this is for specification for the amount of profit that you need to multiply to the amount given in the exchanger.

Topic: PURPOSE OF TOKEN? - page 18. (Read 3369 times)