Topic: What is actual use of altcoins other than trading? - page 2. (Read 468 times)
In the future you can use altcoins to shop, just like you use the current legal currency. Now there is actually merchant support for doing so.
Several,there are two types of tokens, one is utility which are being used to something for example in casino you need chips to play those are utility and the other one is security which is like the company shares,for example if you are investing into stocks those shares are just like security tokens in simple explanation you are investing into the company's share,like what share holders are.
But the majority of the crypto still need to be considered as the security says chief of SEC. There is a very little percentage that complete all of the requirements to become the utility token. This still become the big problem in the cryptocurrency right now.
yes there is many utlity tokens that you can use it to but goods or services, ICO's have a utility token so they provide to you to buy their services or goods using their tokens for exemple wepower allow you to buy power with their token (Wp)
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
Can someone is using altcoin for purchasing and shopping etc.
Check and roam on the announcement page, each coin has their own usage and the industry that they are targetted, coins like Auctus and some other coins are for specific project or industry, and these are the coins worth investing provided that the community in that industry support their coin.
Besides trading, I used Bitcoin and Ethereum to buy credit. And even then I rarely do. Because in my country have a prohibition to transact with Bitcoin.
There are merchants who are also preferring some altcoins for payment so it's a combination of bitcoin + alts for the payment but they don't prefer most of it, only those popular ones and has a good market.
You can use altcoins for gambling too there are casino's that are accepting various of altcoins so if you are not feeling good to gamble with bitcoin because of the price.
There's an alt to save you as long as they are accepting that altcoin.
You can use altcoins for gambling too there are casino's that are accepting various of altcoins so if you are not feeling good to gamble with bitcoin because of the price.
There's an alt to save you as long as they are accepting that altcoin.
Do you ever do research ? There are so many coins that have use case already .And there will be so many more and not to say for payments are most of all projected to be used one day
The simplest kind of altcoin earnings is airdrops and bounty campaigns, which you can easily exchange for dollars or for another popular currency. I think it worth of doing.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
Can someone is using altcoin for purchasing and shopping etc.
of course you can learn it from some crypto project that is being held. every ico project has a vision and mission including the product in the ico idea. of course, there are many different innovations and ideas. so you'll understand when you try to read it like a look in white paper. but until now I do not think anyone has actually run like her scenario.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
Most altcoins now is just tokens and they are not suppose to be a mean of payment,behind every token there should be a project,some projects are based there token as utility tokens so you can use it to buy and pay but only inside there ecosystem,some other projects based there tokens as shares with dividends,and other projects doing a mixed tokens represent a share with a dividends and at same time utility . There is more types of tokens the above is enough to give you the idea . Can someone is using altcoin for purchasing and shopping etc.
Several,there are two types of tokens, one is utility which are being used to something for example in casino you need chips to play those are utility and the other one is security which is like the company shares,for example if you are investing into stocks those shares are just like security tokens in simple explanation you are investing into the company's share,like what share holders are.
Altcoins are very good for monetization of anything. From video views to receiving rewards for winning an online game. There are a lot of options.
There are a lot of alternative projects with common opportunities, not only in terms of investment, but also in terms of their use. I strongly advise everyone to use the tokens of the Remme project and their product, since what they do with authentication and the ability to authorize without a password is what every user needs on the Internet or even offline.
If they are created as an utility token then of course you can use them on their platform if their platform is ready, like ethereum right now to pay the gas fee on ethereum chain. But a lot of ico need at least half to 1 year until they release their platform so right now the only use if for speculation purpose and trading. Some coin also has dividend function like taas and you can get ethereum if you hold it.
Altcoins can primarily be used inside a platform based on which a coin is created. It can be anything, but basically it's buying.
I believe that now there are quite a lot of altcoins that are good to buy for a long-term perspective. I think it's worthwhile to think about the Ethereum and Cardano..
You can surely purchase things with altcoins and if altcoins are not accepted, then simply exchange them to bitcoin and make your purchase. But I think despite trading altcoins are surely mostly used for online gambling. I have noticed that more and more online casinos continuously add more and more altcoins as deposit and withdrawal option.
well, in fact altcoins that as a ticket or means of payment in its own network, where all processes. But you can safely do shopping for altcoins and so on. And earnings except trade... well, you can try bounty.
Here most of us are trading altcoins with bitcoin to earn profit. Just want to know is there any other use of altcoins other than trading?
Can someone is using altcoin for purchasing and shopping etc.
Can someone is using altcoin for purchasing and shopping etc.
It completely depends upon the utility purpose of the altcoins. They are mostly created as utility token or also called as symbol of contract, shares, holders etc. This identifies the shareholder of particular contract as the coin is associated with unique contracts.
Thus, in case of a project requiring the internal currency they will always use their own coins as it becomes both utility token and investment opportunity.
Example :
This can be explained with REM coin, it is the coin which is used in the REMME project as means of identifying the private key holder. These keys are very important aspect in the REMME as it forms the centre of whole security system that they are having.
With REM they can distribute the certificates required for the identity of the users etc.
Thus it is utility token with a purpose to be used internally.
All coins are associated with a particular project in the crypto space or blockchain, so typically a successful project translates to a successful coin while a scam project will give you a scam coin and a failed project will ultimately give you a shitcoin. so for the successful ones you can use them in their ecosystem or trade with them
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