PURPOSE OF TOKEN? - page 2. | Bitcointalksearch.org

Iyanu14

member

Activity: 795

Merit: 10

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 numerous these days you can also create a token for yourself the important thing now is the value being placed on the token maybe the token you have does not have market yo trade it.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: _Legendary_ on October 07, 2018, 04:32:32 AM

Now it's easier for us to make tokens, because it's easy to make tokens, now there are hundreds or even thousands of live ICOs that make the competition very tight, I think this must be arranged so that the purpose of tokens can be achieved.

Since block chain been in demand and shows a good way to earn and to made a project that we see a more ICO projects now. They can be used as utility token or as for media in different ways. What we will be needing is some regulations or applications from different sectors whether those project passed some criteria to exist in this market.

Bunsomjelican

sr. member

Activity: 812

Merit: 251

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.

Every new token that has been arise in crypto industry, most of them was started to use ERC20 platform before proceeding in the ico project campaign. Then, through whitepaper, and road map of their token they are selling it to the investors in this industry depending on the starting price they want it to be. Through their programs they explains the usage of the token, some are design for remittances, ATM card that accepting crypto's, Transportation, real estate, and more. Then, its price value of the token I think still depend on the support of the community once its been list in the exchange after their project campaign.

nak02

full member

Activity: 512

Merit: 100

To use their platforms, transactions, profiting in trading and many of them. As you can see all some projects have their own symbol and tokens to be able to use as a payment or using the platform that would be converted into fiat in exchanges that they called it.

_Legendary_

sr. member

Activity: 573

Merit: 251

Now it's easier for us to make tokens, because it's easy to make tokens, now there are hundreds or even thousands of live ICOs that make the competition very tight, I think this must be arranged so that the purpose of tokens can be achieved.

NH

sr. member

Activity: 422

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.

you can transfer if they are similar.
purpose of token like coin. bitcoin create to make transaction easy, low cost, etc. and token have their advantages and they improve from existing ones. they improve like 'bitcoin dont have this one and this' so that why many token created.
in some their aplication, token make you easy to do what they cant do, i mean the token holder must have priority to access something in their ecosystem

princeyeboah

member

Activity: 714

Merit: 14

The purpose of the tokens behind each project is basically to create more value to the idea or product of the project. This will in turn facilitate all payment within the ecosystem of the project and create additional sense of value for the coin on the market.

fishball

member

Activity: 336

Merit: 10

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 used by businessmen to lure people in getting cash. Tokens have a value which also carry the company's name which we promote through bounty and tgen they give us tokens then convert them into real cash.

denuhaqiqi

jr. member

Activity: 420

Merit: 1

As far as I know, tokens can be used as inventory reserves if we use a blockchain system in manufacturing companies, or make tokens as balances of customers and companies in the banking system to implement decentralized transaction recording. Each transaction unit on the blockchain system is called a token. At the ICO stage, the token serves as a representation of an asset in the form of units offered to prospective investors. because of its open source, everyone can create their own tokens, including calling it a currency that has value.

we can use tokens as any depending on the need to use the blockchain system itself. Correction if I'm wrong.

BLAST2MARS

full member

Activity: 490

Merit: 100

Quote from: jimskiy on October 06, 2018, 10:19:13 PM

All of coin do not have purpose except for only giving profit and increase of earning to the investor have participated at their ico project, many coin from ico project do not have goal of their product apply for real live, many coin only take giving for profit.

I think that is all in the past. Projects are now focusing on development rather than the profits they are going to make. If that is not what your coin's team doing right now then you need to leave them for good. This is the time for those devs to showcase their altcoins on what benefits or advantage that they can contribute to the economy or the world and not just only a tool for trading.

wahyu wida

full member

Activity: 826

Merit: 100

Quote from: dongyi17 on October 07, 2018, 01:10:23 AM

Token is given by each ico campaign you joined with, depending on how long the campaign is and how much toke is given to each campaign.. each token has value, and that you can trade it someday and turn it into profit.. but some token don not have value specially if it scam. you can't trade it nor sell. it.

every token is indeed made by a company as its own currency, but it is true that a lot of tokens are worthless, because there are many fake companies that only raise funds through ico

dongyi17

full member

Activity: 616

Merit: 100

FRX: Ferocious Alpha

Token is given by each ico campaign you joined with, depending on how long the campaign is and how much toke is given to each campaign.. each token has value, and that you can trade it someday and turn it into profit.. but some token don not have value specially if it scam. you can't trade it nor sell. it.

pinoyden

full member

Activity: 756

Merit: 102

Quote from: jimskiy on October 06, 2018, 10:19:13 PM

All of coin do not have purpose except for only giving profit and increase of earning to the investor have participated at their ico project, many coin from ico project do not have goal of their product apply for real live, many coin only take giving for profit.

Quote

All of coin do not have purpose except for only giving profit

huh? of course not . tokens are built because they serve as a medium for a service but many people mistaken it as a form of easy money because they dont care about its usage rather they only care about the profit that they can get after they sell those precious tokens .

Quote

many coin from ico project do not have goal of their product apply for real live, many coin only take giving for profit.

wrong . as on what ive said above , tokens have thier own purpose and every ico do have thier own project that will become available to the public after some months of developing .

akihiko

newbie

Activity: 43

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.

ALT COIN/ TOKEN are giving away by those companies who wants to promote their business using Cryptocurrency money. most of these are came from bounty campaign. thus, participation may required for this. some of the bounty campaign will take more than a month or greater. beware of the SCAM BAGSS!!!

Tynovten_

full member

Activity: 420

Merit: 101

Token is a product from the company, various tokens are created every day with its own functions. Tokens are smart contacts like erc 20 and there will be development. The token you get can then be exchanged in the available exchange. You can switch to btc, eth etc. according to what is available in a particular exchange.

tadpole_bitfrog

member

Activity: 464

Merit: 10

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.

Each token represents each ICO project being created. This is a potential market, many people want to capitalize on the Crypto market to get the business they want. They do not have to go calling in a costly and difficult way, ICO will help them do it easily. That's why so many tokens appear.

sharif12

newbie

Activity: 10

Merit: 0

A blockchain project is often a program and is an open source program.

Free open source programs are not done, and they must be driven by commercial interests.

To issue a Token, the total amount of tokens can be checked, the founding team can clearly have a part, how much, and the tokens can also be checked.

When anyone USES such blockchain project services, it is necessary to pay a certain fee for using tokens.

The more people you use, the more demand you have for these tokens.

The number of tokens is often limited, demand increases, and tokens increase.

To increase the value of the tokens, the project team/developer is naturally motivated to develop the project more fully and to attract more people to use the blockchain project service.

jimskiy

full member

Activity: 574

Merit: 100

Bitway.net - The Best Bitcoin Mining Network

All of coin do not have purpose except for only giving profit and increase of earning to the investor have participated at their ico project, many coin from ico project do not have goal of their product apply for real live, many coin only take giving for profit.

tonyja2017

member

Activity: 532

Merit: 10

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.

It's like a stock type. If your token is in the MEW wallet, you need to find the contract's address and its symbol to add it to your data. When successful, you can transfer the token to a trading platform and start trading to Bitcoin.

wingsthegreat21

jr. member

Activity: 87

Merit: 1

I used to use Token and Coin interchangably, they also have tokens for sale that customers can use in their games and tokens are like arcade tokens used on websites to play around. Perhaps you could receive Amazon tokens based on purchase levels, giving you tokens to redeem on their website. Perhaps, a gambling website could allow users to buy tokens to play around on their website as well. Those are tokens. Bitcoin, on the other hand, is like Gold.

Topic: PURPOSE OF TOKEN? - page 2. (Read 3369 times)