Tokens means? - page 2. | Bitcointalksearch.org

Manchumichael

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Quote from: charlescoin on July 28, 2017, 10:29:36 AM

Quote from: Manchumichael on July 28, 2017, 10:24:47 AM

Thanks for your replies guys. What I understood means I will receive tokens from bounty campaign and once that tokens listed in exchanging site then I will convert tokens into another altcoin. Is it right? And the value of token will be diced once that token listed in exchange.

Once it goes on an exchange you can sell it for bitcoin. The campaign normally pays in ERC20 tokens which are tokens that go on your ethereum wallet. Be careful though because most exchanges have separate wallet addresses for ETH as they have for each of their tokens so do not give an exchange address to a bounty or ICO.

I created my ETH address here https://www.myetherwallet.com is this ok?

charlescoin

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Quote from: Manchumichael on July 28, 2017, 10:24:47 AM

Thanks for your replies guys. What I understood means I will receive tokens from bounty campaign and once that tokens listed in exchanging site then I will convert tokens into another altcoin. Is it right? And the value of token will be diced once that token listed in exchange.

Once it goes on an exchange you can sell it for bitcoin. The campaign normally pays in ERC20 tokens which are tokens that go on your ethereum wallet. Be careful though because most exchanges have separate wallet addresses for ETH as they have for each of their tokens so do not give an exchange address to a bounty or ICO.

Manchumichael

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Activity: 630

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Thanks for your replies guys. What I understood means I will receive tokens from bounty campaign and once that tokens listed in exchanging site then I will convert tokens into another altcoin. Is it right? And the value of token will be diced once that token listed in exchange.

cdog

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Quote from: Manchumichael on July 27, 2017, 02:10:41 PM

Hello friends,

I have one doubt, In altcoin service section bounty campaigns will pay tokens instead of bitcoins. I don't know what is this meaning and how we can convert that tokens into fiat? And they will ask ETH address to send tokens why?

Advance thanks for your help.

You can swap tokens in Exchangers that have been prepared by dev, If you are in doubt following a bounty campaign paid Token, You can join a bounty campaign that pays directly with Bitcoin.

bustomi

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Token could mean coins, or it also mean something percisious and have some benefits for someone and it have some value so it can be more valuable in future too

klarki

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Top Crypto Casino

Quote from: makulo123 on July 27, 2017, 03:13:17 PM

Quote from: Manchumichael on July 27, 2017, 02:10:41 PM

Hello friends,

I have one doubt, In altcoin service section bounty campaigns will pay tokens instead of bitcoins. I don't know what is this meaning and how we can convert that tokens into fiat? And they will ask ETH address to send tokens why?

Advance thanks for your help.

If you get paid in other tokens, that are currently being sold the ICO you are participating it, then that's actually a good thing. After the token will be listed on the exchanges then you can sell all of them and earn a profit (many times even better than a bounty in BTC)...

makulo123

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Quote from: Manchumichael on July 27, 2017, 02:10:41 PM

Hello friends,

I have one doubt, In altcoin service section bounty campaigns will pay tokens instead of bitcoins. I don't know what is this meaning and how we can convert that tokens into fiat? And they will ask ETH address to send tokens why?

Advance thanks for your help.

If you get paid in other tokens, that are currently being sold the ICO you are participating it, then that's actually a good thing. After the token will be listed on the exchanges then you can sell all of them and earn a profit (many times even better than a bounty in BTC)...

DuarteFig

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Check out A beginner’s guide to Ethereum tokens.

Bounty campaigns are usually to promote a new token sale. That's why you get paid in tokens. After the ICO the token could be listed in an exchange, but there is no guarantee of what its value will be.

CryptoGeneral

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They need the ETH adress to send you the token. It is probably an ERC20 token and is bound to the ETH blockchain. If you don't feel comfy accepting alts or token as payment you can always sign up for a BTC driven camapaign.

Manchumichael

sr. member

Activity: 630

Merit: 250

Hello friends,

I have one doubt, In altcoin service section bounty campaigns will pay tokens instead of bitcoins. I don't know what is this meaning and how we can convert that tokens into fiat? And they will ask ETH address to send tokens why?

Advance thanks for your help.

Topic: Tokens means? - page 2. (Read 1002 times)