Topic: PURPOSE OF TOKEN? - page 5. (Read 3369 times)

Yes but not all tokens really have great futures as most of them turned to scam or can't handle the volatility of the market. Only those strong and really serious stays and continue to develop.

Not every ico needs a token. Infact most blockchain project do not need token of their own, only projects that need to incentivize their platforms or provide intrinsic value to their coin should have one, but this is not the case. I have been following mfchain, their $mfx token will have a high impact on the market and looks  very promising. Everything depends on the user base of any project or application, how many people are holding a token and using it is all that matters?

Token is based on a platform of some coin. 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.
About the features of the token, we divided into two types:
Ultrasonic Token and Security Token.
Utility Token is a token utility. Ultimately tokens are generated to serve a project with specific goals and features. For example, the token for the Dock.io project has a paid feature; Binance's BNB tolls feature discounted transaction fees.
Security Token, also known as a securities token, is a type of electronic stock issued in the form of a token. You will receive dividends based on the number of shares you own in the project. Security tokens also allow you to vote or participate in deciding certain tasks of the project.

i think simplicity is a token like a currency unit of a project, so if we use that product from project, we must have the token. by looking at future of a token, we can invest for profit

Token = technology ( blockchain, platform) it's allows people to use the service conveniently and quickly. Exactly!!.

The purpose of the tokens for every crypto project is to draw the public's attention to the product of the project. The coins are created in order to facilitate easy acquisition or patronage of the product using the Blockchain technology. This allows users across the world to patronize the services and products of the project easily.

Token is altcoin and i think its much better if we stay on bitcoin if we want to long term investment. But some token evolve and make their own blockchain, i think many token have good prospect in the future

after I saw the phenomenon of the emergence of thousands of tokens last year I thought the purpose of making tokens was to find funds to create a new product, this token is certainly not the right thing to be a choice of long-term investment commodities, if you want to invest long-term, you should not choose tokens, but choose crypto currencies like bitcoin and ethereum

Almost all alt coins, have different functions and advantages compared to bitcoin, which are used as their main weapons to attract people to invest in them. However, to note, bitcoin also has a team capable of adapting new features, which is of course a really useful feature. Because out there, there is no proven Altcoin feature and is widely used and in large amounts on daily transactions. Indeed, some altcoins do have advantages with different algorithms and better block time speeds.
Well, here is altcoin capable of competency. Into certain fields, supporting fields on a smaller scale. This is one of the main factors that need to be considered in investing in altcoins.

A blockchain venture is frequently a program and is an open source program.

Free open source programs are not done, and they should be driven by business interests.

To issue a Token, the aggregate sum of tokens can be checked, the establishing group can obviously have a section, how much, and the tokens can likewise be checked.

When anybody USES such blockchain venture administrations, it is important to pay a specific expense for utilizing tokens.

The more individuals you utilize, the more interest you have for these tokens.

The quantity of tokens is regularly restricted, request increments, and tokens increment.

To build the estimation of the tokens, the undertaking group/designer is normally inspired to build up the task all the more completely and to draw in more individuals to utilize the blockchain venture benefit.

The token you discussing is the altcoin. They not simply concocted it in light of the fact that for your data altcoin or token sought after in crypto why? Since it's reasonable when you contribute there. In the event that you didn't know how to utilize your token or how to contribute there, I think you have to look into on the off chance that you will learn and to win.

The fundamental reason for token for Users is to utilize the token in the framework that the ICO guarantors give, The ico coordinators don't generally need to give the tokens to clients to make it's framework usable, yet they do that since that is their approach to procure cash, they offer the tokens for clients and after that the cash they get is being utilized for advancement and social advertising( also that a lot of that cash just goes as benefit for coordinators, and that is the way that a large portion of them simply leave the venture without completing on the grounds that they as of now got their cash in their grasp).

Tokens are being issued out by projects and you can exchange them for Ethereum. The good thing is that you can get Bitcoin with Ethereum by exchanging it using ShapeShift.

Getting tokens is a way that some of us earn income in this forum, they gather as much tokens as they could and hold it till it’s at a good price they can sell it for the profit which they will earn ETH from selling it. They can then choose to keep or exchange the ETH for BTC, or maybe sell it direct for cash.

i think token is the way to have you a money should i say to exchange it and it will be money and it is you salary also

Token is a separate project of each company. Read white paper to understand their projects. All companies can create their own projects.

The token is made with the aim of being an ICO project return to investors, just like in a stock investment. Or it can also be used as fuel for the current project, as a fee for every transaction that occurs.

The purpose of token is for the representation of that certain ICO project that is being launched or promoted, and this tokens are used for the purpose of this ICO project and customers and investors will buy or invest this tokens representing the project, and in turn be registered in the market place or trading sites, for buy and sell of tokens.

Tokens, of course, can be designed as a cryptocurrency. But often they are designed to include a certain network and stimulate its growth (Network Tokens) or simply provide an opportunity to invest in an object or asset (Investment token).

in my opinion, the token will be exchanged to eth, now looking for free tokens in the bounty campaign is very difficult, most scam bounty campaigns, if I have a token I will redeem it to eth, it can be exchanged for money.

I think tokens are almost similar to stocks in a company but what distinguishes them is their shape, as the function is almost the same as being traded because it has a volatile value depending on the quality of the company and several other factors, if the stock traded on the stock market is different from the token traded in a certain exchange but both of these things have the same purpose

A token is supposed to be used in an ecosystem of a particular cryptocurrency project. You can use the token in that platform or trade it to other cryptocurrencies.

It depends on what token you have. Actually, every token in a project has a different purpose. So if you want to know, check the website of that project to know more about of its use. If you want to sell it, then you have to know where that token is being traded. To know more about, you follow their telegram account so that you can ask them questions and you can be updated.