What do you think about Rewards Token Projects in general?

Amjado711

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Quote from: magneto on May 06, 2022, 10:13:03 PM

Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

What you described is literally a ponzi scheme where latter investors are paid by earlier investors. If true, I would not touch that with a 1 metre stick.

Anyhow, I think that there are legitimate dividend tokens out there, but they are all primarily casinos (e.g. Betfury's token).

They distribute tokens based on actual profit, not because other people are buying into the token.

It's not a ponzi scheme because there is a clear Tax protocol that runs the dividends, So it's totally something different.

Maybe it's new protocol that people are not familiar with, so the path of this protocol is not accepted among people yet?

Reatim

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Quote from: Teraboy on May 07, 2022, 06:10:54 PM

honestly these kind of reward token that doesn’t require staking but just holding always have ulterior motive like taxes that you mentioned it’s just ridiculous that the altcoin like this need mantaining its value by robbing its holders.
I would just usually ignore these kind of shitcoins altogether because nothing good usually coming out from them.

This is it, that is the reason why we need to keep distance from such kind of offers because this is what they use to lure investors with false expectations.

Quote

just try dealing with real altcoins instead, their profits are sure and not some shady underhanded trick like most of the reward tokens are and it’s just gonna overcomplicate your life.

And Also this, Why need to risk when there are legit and worth to be trusted?

those ranking coins are always there to stay strong for period of time , and your funds is safe that you can leave long term.

Rampagoe004

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Some of the gift tokens we can rely on even though we do not have stalking or mining, but some tokens we cannot store for a long time because the value continues to fall, but if the payment in the form of stable coins such as BUSD will not have an effect, but regarding taxes it is indeed a very troublesome thing let alone a fairly large cost and now the system is starting to be implemented.

davincicode666

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Quote from: FirmWars on May 08, 2022, 12:18:59 PM

All these type of projects do is give out some rewards, that's all they know how to do, no real utility nothing, stay away from such projects because they can easily turn to scams right before your eye, find good projects that add value to crypto and it's users.

I think your suggestion has some truth to consider because if any project that only offers prizes without thinking about developing their product, then it is a weak project and one day it might just disappear or die for no reason, because of their team that doesn't think about it. project performance and collaboration with other parties to become stronger.

bitterguy28

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Quote from: 2tang on May 06, 2022, 09:42:58 PM

Quote from: lornadane on May 06, 2022, 07:54:05 PM

Yes it's true that we can't expect too much from the results of the project because sometimes there are projects that are ready and successful, but the payments are in installments and are not satisfactory, sometimes there are ordinary projects but the pay is smooth every week, even though it's not much, but it's definitely worth it. their work every week.

It only relates to the initial rules in all campaigns or with the project party, because it was taken based on the decision of the direct team who wanted to make the payment method easier even though methods such as gradual payments did not satisfy the participants who took part in it.

it is still rewarding system so yes it is the same as what normal campaigning does and this is promising that paying as I hate to say but this is a waste of time and effort and also risk in your funds to be vested .
try to prevent from joining like this or lose the chance forever.
best to invest in something reliable and worth a trust and those are the legit company paying and rewarding their investors.

Iyeman

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just the usual shitcoin but more advanced I guess, i’d usually just ignore any of them altogether as they held no importance whatsoever in my investment and also because they have very little value.
regardless the taxation thing that you mentioned is just utterly ridiculous, I could see the reason the dev behind these rewards altcoin project are sending their altcoin everywhere like crazy because they want to increase their altcoin
value by forcefully taxing its holders.

m_nief

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Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you can receive any BSC token of your choose as dividends

Not sure with your altcoin staking recommended because worry when price suddenly drop, not stable price with all staking coin and right now I check with AXS by giving 75% profit return with one year holding. From $100 price last several months and right now AXS drop drastically and back to $30 before last days ever under $28. I think you need waiting when price really dip if interested with staking coin and give much return profit later with lower price. But if you keep trying stake coin when price still up you have made biggest mistake.

jostorres

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Quote from: 2tang on May 05, 2022, 10:05:28 PM

Quote from: CaVO32 on May 03, 2022, 04:25:13 PM

Rewards token can easily go down if the team behind it is not actively developing its potential. I also think that it is better to invest on top coins rather than this type of project. You can easily lose your investments once the team decides to abandon the project. Because most of the time, their purpose is not for long-term.

Almost on average it is because the team usually targets instant profits when they have launched their projects and products, so everyone always needs further and deeper examination before investing their money in the project.
Although there are also really serious projects developed by the team, the numbers are very few, even one in a thousand for now.

That one in a thousand is the reason why I stay away from new projects. What is the reason that I should be risking my money for such a low chance that will not give me so much?

I mean there are some serious ones that go up I agree, and maybe you could make a good profit from them as well there is nothing wrong there but I could invest into btc and eth heavily right now and wait for them to 2x eventually and be right eventually anyway, why risk all of my money for such a risky thing when the guaranteed is right there? This is why I keep on investing older coins, even litecoin is better than a new project and that hasn't been high for that long for a while.

barbara44

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Quote from: magneto on May 06, 2022, 10:13:03 PM

What you described is literally a ponzi scheme where latter investors are paid by earlier investors. If true, I would not touch that with a 1 metre stick.

Anyhow, I think that there are legitimate dividend tokens out there, but they are all primarily casinos (e.g. Betfury's token).

They distribute tokens based on actual profit, not because other people are buying into the token.

Depends on what we are talking about. Here we are talking about staking and all, or liquidity providing if you want, and those are not like ponzi. Because in one of them, people trade their coins, and pay a fee, and people who invest to LP end up getting that fee paid, and the other is staking, where you invest the token, and that token is printed, just like how bitcoin and eth is mined, and that printed ones go to people who stake it.

As you can see, ponzi is nowhere to be found because nobody pays you with others money and try to keep it alive, it is a system that is dynamic and not fixed as well which means whatever action is taken, that much reward is given.

FirmWars

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All these type of projects do is give out some rewards, that's all they know how to do, no real utility nothing, stay away from such projects because they can easily turn to scams right before your eye, find good projects that add value to crypto and it's users.

TastyChillySauce00

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The blockchain has charged us and why do we need to pay doubled and remember that the tax that charged by the blockchain was even smaller than what already charged by the developers. This scheme was actually a scam scheme. I just wanna try to remind you that if this kind of mechanism was so garbage by forcing the holders and traders to pay the tax that they might not pay. This kind of robbery to the traders and holders. The dev was so stupid by creating this scam mechanism.

adiebitsler

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Quote from: Chato1977 on May 06, 2022, 09:53:22 PM

and in the end? this is about the company and is not for the participants right?

so I hate to be part of this and not giving best to the interest of everyone instead by few .

Goodluck to all participants and hope you'll do better in the end.

I think the public interest is much better than the interests of a few people because if a project can move forward with the interests of everyone it will be much better and I see that it is very rare at this time so that anyone still needs analysis for this kind of thing again when see new projects running.

Teraboy

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honestly these kind of reward token that doesn’t require staking but just holding always have ulterior motive like taxes that you mentioned it’s just ridiculous that the altcoin like this need mantaining its value by robbing its holders.
I would just usually ignore these kind of shitcoins altogether because nothing good usually coming out from them.

just try dealing with real altcoins instead, their profits are sure and not some shady underhanded trick like most of the reward tokens are and it’s just gonna overcomplicate your life.

magneto

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Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

What you described is literally a ponzi scheme where latter investors are paid by earlier investors. If true, I would not touch that with a 1 metre stick.

Anyhow, I think that there are legitimate dividend tokens out there, but they are all primarily casinos (e.g. Betfury's token).

They distribute tokens based on actual profit, not because other people are buying into the token.

Chato1977

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Quote from: 2tang on May 06, 2022, 09:42:58 PM

Quote from: lornadane on May 06, 2022, 07:54:05 PM

Yes it's true that we can't expect too much from the results of the project because sometimes there are projects that are ready and successful, but the payments are in installments and are not satisfactory, sometimes there are ordinary projects but the pay is smooth every week, even though it's not much, but it's definitely worth it. their work every week.

It only relates to the initial rules in all campaigns or with the project party, because it was taken based on the decision of the direct team who wanted to make the payment method easier even though methods such as gradual payments did not satisfy the participants who took part in it.

and in the end? this is about the company and is not for the participants right?

so I hate to be part of this and not giving best to the interest of everyone instead by few .

Goodluck to all participants and hope you'll do better in the end.

2tang

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Quote from: lornadane on May 06, 2022, 07:54:05 PM

Yes it's true that we can't expect too much from the results of the project because sometimes there are projects that are ready and successful, but the payments are in installments and are not satisfactory, sometimes there are ordinary projects but the pay is smooth every week, even though it's not much, but it's definitely worth it. their work every week.

It only relates to the initial rules in all campaigns or with the project party, because it was taken based on the decision of the direct team who wanted to make the payment method easier even though methods such as gradual payments did not satisfy the participants who took part in it.

yhiaali3

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There are only some tokens that are good and the rest are worthless, I worked in this type of reward before and got tokens that were never worth it, why do these projects give you other token rewards instead of giving you the tokens of their project? The reason is most likely that these tokens have no real use for them, and therefore there will be no demand for them, and their price will be close to zero, and it may be difficult to sell them as well. In any case, there are some of them that are good as I mentioned, so you should do your own research before subscribing to this type.

lornadane

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Quote from: crzy on May 06, 2022, 04:59:09 PM

Quote from: rodskee on May 05, 2022, 07:49:54 AM

Quote from: ringgo96 on May 05, 2022, 07:36:10 AM

Indeed, currently there are very many reward tokens that we get from the projects we participate in, but some of the reward projects are indeed worthless but I also often find gift tokens that we can sell and have value even though they cannot last long but we can still use as long as there is still value, indeed very many we find prize tokens that there is no staking or mining protocol but the value is still there even though it is not too high.

it is not some of the rewards are worthless but Majority of those as you are a typical bounty hunter and you know how difficult to find a legit projects that will pay with valuable coins.
but yeah there are still some of them but very few and hard to find .

The value of those token will depend on the project itself, and its not guaranteed so don’t expect that much even if you participate on many bounties, there’s still a chance that you will earn nothing. Reward token on NFTs are different, some already have their own value but in time it usually drops especially on a bear market like this.

Yes it's true that we can't expect too much from the results of the project because sometimes there are projects that are ready and successful, but the payments are in installments and are not satisfactory, sometimes there are ordinary projects but the pay is smooth every week, even though it's not much, but it's definitely worth it. their work every week.

crzy

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Quote from: rodskee on May 05, 2022, 07:49:54 AM

Quote from: ringgo96 on May 05, 2022, 07:36:10 AM

Indeed, currently there are very many reward tokens that we get from the projects we participate in, but some of the reward projects are indeed worthless but I also often find gift tokens that we can sell and have value even though they cannot last long but we can still use as long as there is still value, indeed very many we find prize tokens that there is no staking or mining protocol but the value is still there even though it is not too high.

it is not some of the rewards are worthless but Majority of those as you are a typical bounty hunter and you know how difficult to find a legit projects that will pay with valuable coins.
but yeah there are still some of them but very few and hard to find .

The value of those token will depend on the project itself, and its not guaranteed so don’t expect that much even if you participate on many bounties, there’s still a chance that you will earn nothing. Reward token on NFTs are different, some already have their own value but in time it usually drops especially on a bear market like this.

sana54210

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Quote from: rodskee on May 05, 2022, 07:49:54 AM

Quote from: ringgo96 on May 05, 2022, 07:36:10 AM

Indeed, currently there are very many reward tokens that we get from the projects we participate in, but some of the reward projects are indeed worthless but I also often find gift tokens that we can sell and have value even though they cannot last long but we can still use as long as there is still value, indeed very many we find prize tokens that there is no staking or mining protocol but the value is still there even though it is not too high.

it is not some of the rewards are worthless but Majority of those as you are a typical bounty hunter and you know how difficult to find a legit projects that will pay with valuable coins.
but yeah there are still some of them but very few and hard to find .

Main reason for such a thing is the fact that we are looking at it the wrong way. You are looking at the bounty hunters perspective and see that there aren't that many which would pay a decent sum for your work. However, if you try to change your view and start looking at the project creators side, you will realize that there are two reasons why you should pay little.

One of them is the fact that there are too many people who are willing participants of a bounty, meaning you could offerless and still get a good number of people, thousands if you offer the right sum. Second is the low quality bounty hunters, meaning if you pay a lot ,some low quality do nothing people will end up getting paid more than they should.

2tang

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Quote from: CaVO32 on May 03, 2022, 04:25:13 PM

Rewards token can easily go down if the team behind it is not actively developing its potential. I also think that it is better to invest on top coins rather than this type of project. You can easily lose your investments once the team decides to abandon the project. Because most of the time, their purpose is not for long-term.

Almost on average it is because the team usually targets instant profits when they have launched their projects and products, so everyone always needs further and deeper examination before investing their money in the project.
Although there are also really serious projects developed by the team, the numbers are very few, even one in a thousand for now.

Wildwest

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Regarding prize tokens, there are indeed very many who go to our wallet addresses that often follow bounty projects, there are some gift tokens that can indeed give us great benefits and there are also prize tokens that have no value and are not listed on any exchange of course this makes us very upset, and there are also gift tokens that we do not know the origin and enter our wallet address and this token is very dangerous and we must ignoring without having to touch let alone wanting to make an exchange.

rodskee

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Quote from: ringgo96 on May 05, 2022, 07:36:10 AM

Indeed, currently there are very many reward tokens that we get from the projects we participate in, but some of the reward projects are indeed worthless but I also often find gift tokens that we can sell and have value even though they cannot last long but we can still use as long as there is still value, indeed very many we find prize tokens that there is no staking or mining protocol but the value is still there even though it is not too high.

it is not some of the rewards are worthless but Majority of those as you are a typical bounty hunter and you know how difficult to find a legit projects that will pay with valuable coins.
but yeah there are still some of them but very few and hard to find .

ringgo96

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Indeed, currently there are very many reward tokens that we get from the projects we participate in, but some of the reward projects are indeed worthless but I also often find gift tokens that we can sell and have value even though they cannot last long but we can still use as long as there is still value, indeed very many we find prize tokens that there is no staking or mining protocol but the value is still there even though it is not too high.

Ararbermas

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Quote from: Amjado711 on May 02, 2022, 12:36:29 PM

Quote from: GreatArkansas on May 02, 2022, 02:18:15 AM

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

Do you mean this? https://rwd.global/
If this, for me is very fishy especially if it is deployed on Binance Scam Chain (BSC), lol. Even though they have still a smart contract on Ethereum network.
I saw their website and for me, it does not look professional, a lot of parts are not updated especially their roadmap. This is a red flag for me.

no I'm not talking about this one, I'm talking about rewards projects in general

we are not a furtune teller mate, so much better to place the name here what platform or website it is so that we can give an exact feedback on what you're asking. because there's alot of platforms that offering such things and distribute a rewards token.. So elaborate more and mention the name as well.

Regards.

Adbitco

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Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

Can we call it deflationary tokens, it's a token which you hold to receive some rewards by either with their native currency or with a stable coin such as; usdt, busd, dia or any other stable coins.
Such token can't be trusted reason because, there's always high market dump, and lack of development and the rest since all people focused on the rewarding and earnings at weekly or monthly. These rewards are subjected to the amount of sell and buy or any transaction executed, so if none was done either no much trades this simply your chances of earnings are very slim.

Shasha80

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Quote from: Johnyz on May 03, 2022, 04:14:23 PM

Quote from: 2tang on May 03, 2022, 02:17:37 AM

Quote from: lablab03 on May 03, 2022, 12:59:21 AM

For me receiving rewards token is good but depends what asset it is, coz as far as i know most of the rewards token are stable coins and there are some that are not base on my experienced .

Not all coins are stable except for only a few because most of the tokens given through the bounty are their own tokens whose price is never stable in the market and some even don't have a market at all, so what you are saying is completely the opposite of what I said look now.

You can look for the reward token on P2E, and you can see their value continues to drop maybe because of the market condition or they are just meant to be like that. I don’t want to stake with those reward tokens and to OP, if you are looking for the good investments and planning to stake its better to choose top coins instead of the reward tokens because they are more established and profitable as well.

Indeed, the reality is that reward tokens are not a good choice for us to hold for too long, because usually the value of reward tokens will continue
to fall. Especially in bear market conditions, I suggest selling the reward tokens that we have immediately, before the price gets lower. In fact,
I have several reward tokens that only fill my wallet, without being able to sell them, because there is no demand for these tokens. I agree that
the best choice for investment and staking is top coins, which have a greater chance of generating profit. In fact, I am very satisfied as long as
I invest in top coins, because the demand for top coins is very high, this makes the price of top coins continue to rise.

CaVO32

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Quote from: Johnyz on May 03, 2022, 04:14:23 PM

Quote from: 2tang on May 03, 2022, 02:17:37 AM

Quote from: lablab03 on May 03, 2022, 12:59:21 AM

For me receiving rewards token is good but depends what asset it is, coz as far as i know most of the rewards token are stable coins and there are some that are not base on my experienced .

Not all coins are stable except for only a few because most of the tokens given through the bounty are their own tokens whose price is never stable in the market and some even don't have a market at all, so what you are saying is completely the opposite of what I said look now.

You can look for the reward token on P2E, and you can see their value continues to drop maybe because of the market condition or they are just meant to be like that. I don’t want to stake with those reward tokens and to OP, if you are looking for the good investments and planning to stake its better to choose top coins instead of the reward tokens because they are more established and profitable as well.

Rewards token can easily go down if the team behind it is not actively developing its potential. I also think that it is better to invest on top coins rather than this type of project. You can easily lose your investments once the team decides to abandon the project. Because most of the time, their purpose is not for long-term.

Johnyz

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Quote from: 2tang on May 03, 2022, 02:17:37 AM

Quote from: lablab03 on May 03, 2022, 12:59:21 AM

For me receiving rewards token is good but depends what asset it is, coz as far as i know most of the rewards token are stable coins and there are some that are not base on my experienced .

Not all coins are stable except for only a few because most of the tokens given through the bounty are their own tokens whose price is never stable in the market and some even don't have a market at all, so what you are saying is completely the opposite of what I said look now.

You can look for the reward token on P2E, and you can see their value continues to drop maybe because of the market condition or they are just meant to be like that. I don’t want to stake with those reward tokens and to OP, if you are looking for the good investments and planning to stake its better to choose top coins instead of the reward tokens because they are more established and profitable as well.

2tang

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Quote from: lablab03 on May 03, 2022, 12:59:21 AM

For me receiving rewards token is good but depends what asset it is, coz as far as i know most of the rewards token are stable coins and there are some that are not base on my experienced .

Not all coins are stable except for only a few because most of the tokens given through the bounty are their own tokens whose price is never stable in the market and some even don't have a market at all, so what you are saying is completely the opposite of what I said look now.

lablab03

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For me receiving rewards token is good but depends what asset it is, coz as far as i know most of the rewards token are stable coins and there are some that are not base on my experienced .

So if they promised unknown token and clearly a shitcoins then that's a bad idea coz it's a waste of time and definitely a scam event, much better to rely which is common coz surely you will receive a good rewards after all.

peter0425

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Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

I think it is better to directly ask about specific Reward giving company than just asking for what is to be in place.
I have joined various reward giving tokens in the past but sadly? those coins are still sits in my wallets and no value lol.
I think most of them are just scams and shitcoins. but I never lose hope as there may a chance that whales will use one of them to be profitable pumping coin Grin

bitterguy28

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Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

I am not a fan of Reward or free token , or mostly called a Gift reward because this is at some point is a waste of time and not worth to be spending .
there are many friends of mine that use to seek for this or Bounty but now? stopped as they only Gathered shitcoins and worthless tokens /
maybe if you have plenty of time ? then why not. but if your every minute is precious then have a second thought and use your time for worth a spending.

SirLancelot

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Quote from: kotajikikox on May 02, 2022, 05:08:25 AM

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

Know what? if you really wanted to Earn then Invest on this and never keep your belief in freebies because this shows how greedy you are and how desperate you were .
Imagine purely seeking for Reward token but don't want to use protocols?

if you are ready to be fooled then believe in what you are looking for but I tell you , there is nothing best interest but to invest at least some amount.

I am not sure if he is talking about the token that is being rewarded in the bounties and airdrops, or rewards token that he mean is just another crypto. it is not wrong to depend only in freebies but did you know that someone got rich already by only doing that? Not all freebies are junk tokens but if you get lucky you can be a millionaire in no time.

Also not all people have the money to invest, that is why they begin their crypto journey on this but they can eventually use what they earn to buy a better coin and use that for investing or for trading. Not all those who depend on freebies are greedy and desperate. Be careful with your words.

2tang

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Quote from: Amjado711 on May 02, 2022, 12:36:29 PM

no I'm not talking about this one, I'm talking about rewards projects in general

Bounty projects in general are now starting to improve in terms of value as well as in terms of allocation, as many are still worthy of promotion although the price drop is still greater as they are all very new, but in general they are still worth choosing.

Amjado711

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Quote from: GreatArkansas on May 02, 2022, 02:18:15 AM

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

Do you mean this? https://rwd.global/
If this, for me is very fishy especially if it is deployed on Binance Scam Chain (BSC), lol. Even though they have still a smart contract on Ethereum network.
I saw their website and for me, it does not look professional, a lot of parts are not updated especially their roadmap. This is a red flag for me.

no I'm not talking about this one, I'm talking about rewards projects in general

Ezravdb

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Quote from: kurniawan05 on May 01, 2022, 05:48:29 PM

It also depends on what product the token generates, the development of a useful product is important for the sustainability of the project, if only relying on the trading volume generated from the hyip, the project will most likely die slowly.

I think so because now there are many projects that copy token names from existing ones and also concepts that are almost similar to existing ones so that such projects will always be difficult to develop because they only rely on hype without any clearer benefits.

kotajikikox

full member

Activity: 2590

Merit: 228

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

Know what? if you really wanted to Earn then Invest on this and never keep your belief in freebies because this shows how greedy you are and how desperate you were .
Imagine purely seeking for Reward token but don't want to use protocols?

if you are ready to be fooled then believe in what you are looking for but I tell you , there is nothing best interest but to invest at least some amount.

Amjado711

newbie

Activity: 36

Merit: 0

Quote from: Teraboy on May 01, 2022, 06:09:35 PM

Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

Tax was a crazy idea basically only a transaction and you will be getting a huge charge to pay big tax. This idea totally a non sense idea. The project developers are not a regulators that were doing taxation. It's better for you to avoid this kind of token. This token was actually BS. They are only thinking if they can distribute dividend through the tax but basically that's investor's money that got trapped into that cycle.
The developers are so lazy as fuck just to think the easiest way for them to make the project looks so attractive by doing nothing.
Tax in transaction was not a real income from their product and that's BS

which project are referring at?

GreatArkansas

legendary

Activity: 2534

Merit: 1397

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

Do you mean this? https://rwd.global/
If this, for me is very fishy especially if it is deployed on Binance Scam Chain (BSC), lol. Even though they have still a smart contract on Ethereum network.
I saw their website and for me, it does not look professional, a lot of parts are not updated especially their roadmap. This is a red flag for me.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

Tax was a crazy idea basically only a transaction and you will be getting a huge charge to pay big tax. This idea totally a non sense idea. The project developers are not a regulators that were doing taxation. It's better for you to avoid this kind of token. This token was actually BS. They are only thinking if they can distribute dividend through the tax but basically that's investor's money that got trapped into that cycle.
The developers are so lazy as fuck just to think the easiest way for them to make the project looks so attractive by doing nothing.
Tax in transaction was not a real income from their product and that's BS

kurniawan05

member

Activity: 1708

Merit: 13

KUWA.ai

Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

It also depends on what product the token generates, the development of a useful product is important for the sustainability of the project, if only relying on the trading volume generated from the hyip, the project will most likely die slowly.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Amjado711 on April 29, 2022, 09:14:51 AM

Quote from: batang_bitcoin on April 29, 2022, 05:06:46 AM

Quote from: Amjado711 on April 29, 2022, 03:42:12 AM

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

Okay, I thought that you're talking about a certain token. Well, going with that question, token rewards that don't have the feature to stake or mine it.
They're actually good. It's like that you're getting a cash back for using a certain service. It's one way to attract more users and investors because that's what we like but knowing how many are successful with this type of token, no idea.

It's actually like owning a share on a company and receiving a dividends just by holding

Yeah, like staking.
A lot of the same model has been there in the market but you'll see more unsuccessful projects than of those that are successful. It's a good passive income but you have to be picky when it comes to this because not all of them are going to be worth the buck you'll place on them.

Quote from: domoy77 on April 29, 2022, 11:11:39 AM

As long as the token still has market value and can be exchanged for something else, it is always valuable even if it is not worth keeping for long.
So it doesn't matter if the rewards are paid in tokens as long as the tokens still have value as I said.

The liquidity is a prior thing for this. Because even if you're roughly getting rewards for these projects but if there's no liquidity, they're like a display to your wallet.

domoy77

sr. member

Activity: 811

Merit: 250

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

As long as the token still has market value and can be exchanged for something else, it is always valuable even if it is not worth keeping for long.
So it doesn't matter if the rewards are paid in tokens as long as the tokens still have value as I said.

Amjado711

newbie

Activity: 36

Merit: 0

Quote from: batang_bitcoin on April 29, 2022, 05:06:46 AM

Quote from: Amjado711 on April 29, 2022, 03:42:12 AM

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

Okay, I thought that you're talking about a certain token. Well, going with that question, token rewards that don't have the feature to stake or mine it.
They're actually good. It's like that you're getting a cash back for using a certain service. It's one way to attract more users and investors because that's what we like but knowing how many are successful with this type of token, no idea.

It's actually like owning a share on a company and receiving a dividends just by holding

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Amjado711 on April 29, 2022, 03:42:12 AM

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

Okay, I thought that you're talking about a certain token. Well, going with that question, token rewards that don't have the feature to stake or mine it.
They're actually good. It's like that you're getting a cash back for using a certain service. It's one way to attract more users and investors because that's what we like but knowing how many are successful with this type of token, no idea.

Amjado711

newbie

Activity: 36

Merit: 0

Quote from: batang_bitcoin on April 28, 2022, 06:49:28 PM

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

It's an actual token but it doesn't have any data yet on coinmarketcap. I would avoid a token like this if there's not that much information yet. But if the data of it becomes available.
And I find it to be a good one then who's not going to like a token that has such utility based on its name only? But as basis on the market and economy of it, that won't be enough if there's no volume.

oh I'm sorry I'm not talking about a specific token, my question was about these types of rewards project in general

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

It's an actual token but it doesn't have any data yet on coinmarketcap. I would avoid a token like this if there's not that much information yet. But if the data of it becomes available.
And I find it to be a good one then who's not going to like a token that has such utility based on its name only? But as basis on the market and economy of it, that won't be enough if there's no volume.

Scripture

full member

Activity: 1303

Merit: 128

Quote from: Amjado711 on April 27, 2022, 01:54:25 AM

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

Depends on the project, if its on NFT games I think those Rewards token should also have a burning mechanism so its value will continue to rise and not drop that much. I'm taking SLP as an example here, that is a reward token if you play the game and look at its total supply compare to burning mechanism, the result is very bad if some rewards token do the same thing like SLP. Rewards token are quiet not ok for me if you are planning to invest for long term, better to go for the mother token of that project.

hotimbineh

full member

Activity: 560

Merit: 100

there are bad and good sides because this is part of their sales system by buying and holding it we will get the prize it's just good or bad depending on this project running or if the project does not develop then wait for the time to die .... but not all projects using the reward token strategy are left on the contrary, we will get money many times over of promising token prices and rewards for holding them

roslinpl

legendary

Activity: 2212

Merit: 1199

Actually it will bad.Because to promote their project,the team flow the token in the market and pump some price of their token in a short while.But the twist is,you can trade to bitcoin or usdt at the time of rewards.They will make a note of,it will be rewarded and soon will be listed in the exchange.By make of trust,some new traders to crypto will buy some more token with their money and loss everything at the end.

Lexurdania

member

Activity: 840

Merit: 10

Quote from: terciduk123 on April 28, 2022, 12:24:38 PM

Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

If that's what you mean then at first I thought all such projects would die quickly because when the trading volume gets smaller then less dividends will be paid and the project will die, But now it seems different, if the project has a useful product and get a lot of users then there is a possibility of a longer lifespan, you can take a look at Helena tokens.

helena and aufin now be the leading project that give super high APY. investors slowly trust to developers team since they could important action which is add trust from investors. with high trading volume in market , daily return given would not make price dumped, but its price continuesly soar.

terciduk123

sr. member

Activity: 1176

Merit: 252

Quote from: Amjado711 on April 27, 2022, 03:45:01 PM

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

If that's what you mean then at first I thought all such projects would die quickly because when the trading volume gets smaller then less dividends will be paid and the project will die, But now it seems different, if the project has a useful product and get a lot of users then there is a possibility of a longer lifespan, you can take a look at Helena tokens.

Amjado711

newbie

Activity: 36

Merit: 0

Quote from: bittick on April 27, 2022, 04:40:23 PM

Very bad tokens for sure. This kind of projects were putting very big task as the main source to get income rather than pegged on the performance of its product. If the product working so well and i do believe if this will also give a very good impact to the price. This will not sustain for long term. people will not always paying the big tax only for a single transaction. Im seeing so many projects used this kind of strategy have become failed project.
it may looks so attractive for long term but in fact if this kind of project can't sustain for long term. You must always be careful with it. This is not good as an investment

So you're saying if these project dos not sustain them self and find another source of revenue rather than the daily volume it will fail?

what if they have apps and services that could drive more demand to the token it self?

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Very bad tokens for sure. This kind of projects were putting very big task as the main source to get income rather than pegged on the performance of its product. If the product working so well and i do believe if this will also give a very good impact to the price. This will not sustain for long term. people will not always paying the big tax only for a single transaction. Im seeing so many projects used this kind of strategy have become failed project.
it may looks so attractive for long term but in fact if this kind of project can't sustain for long term. You must always be careful with it. This is not good as an investment

Amjado711

newbie

Activity: 36

Merit: 0

Rewards token are those which you only need to hold on your wallet and receive dividends just by holding.

there's tax when you buy the token and part of that tax get distributed to the holders.

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you receive any BSC token of your choose as dividends

viananda2525

full member

Activity: 1130

Merit: 133

still unclear question , so far i am never know what reward token mean. usually developers team allocate some token for airdrop, bounty campaign and if that OP mean this is best place to find our many free token by joining in bounty campaign. and becarefull about unknown token that usually suddenly come to our wallet meanwhile we never know where it come from.

terciduk123

sr. member

Activity: 1176

Merit: 252

Reward tokens? What do you mean by that, maybe you can explain it more specifically, whether reward tokens are tokens obtained for participating in Airdrops, competitions, completing tasks or rewards for participating in bounty campaigns. or maybe you mean a token of appreciation for following the staking program

Samurai trieng

member

Activity: 1060

Merit: 11

I think gift tokens are a very annoying thing, right, where these tokens are not registered in any market so the tokens that enter our wallets become trash, most likely the gift tokens are the efforts and efforts of irresponsible people to hack our wallets have, therefore we must be careful and ignore tokens whose origins are not known.

Amjado711

newbie

Activity: 36

Merit: 0

What do you think guys about Rewards token?

which doesn't have any staking or mining protocols

examples are:

$EGC which you receive BUSD as dividends
$SFM which you receive SFM as dividends
$ALTS which you can receive any BSC token of your choose as dividends

Topic: What do you think about Rewards Token Projects in general? (Read 355 times)