Think of it as a company who wants to get started but doesn't have any funds. Now the question arises that how would a company raise the funds?
Till date they only had two methods - Find an angel investor or go for an IPO - Initial Public Offering. With the concept of ICO, those companies have found a new mean to raise money.
Raising money through ICO is by far the easiest and the most efficient method. The price of coin you see would have been the price of the share of the company had they gone for an IPO.
So apart from trading, this helps in supporting the project of the company and the remainder depends on how successfully they can run their project.
Topic: What is actual use of altcoins other than trading? - page 4. (Read 470 times)
Altcoins nowadays are being used to buy a company's product using their token and a type of investment that connects buyers, sellers and the company itself. I might say altcoins also helps bitcoin price to pump or dump. It serves as the vessel of bitcoin to maintain its position on being number 1. Why? Because mostly all of altcoin trading pair are BTC or ETH.
That's only applied for the major crypto and medium or low crypto currency still pegged to the result of development. And remember not a lot of companies are accepting crypto right now. The main usefulness of crypto caused by it can become a market speculation. There is no relationship to the bitcoin or ethereum.
There are so many uses of altcoins other than trading in some countries altcoins are accepted as unit of exchange for some particular products in case if these coins are not accepted you can convert in BTC and re use for investment and other financial uses.
Altcoins not just a tool of the trade, each platform developing they coin has a specific purpose, some are a means of entrance to the platform, other means of payment inside the venue, at the third they exchange goods or services.
Trading in bitcoin is the most important thing. Either way, there is a huge demand for bitcoins.
yes, you can buy goods online with payments using bitcoin, because for us it is very easy to do and safe for all of us, because we know that in my country they like to use bitcoin. in everything easy to do.
Yes bitcoin is now being accepted everywhere. Many stores have started to accept bitcoin payments.
yes, you can buy goods online with payments using bitcoin, because for us it is very easy to do and safe for all of us, because we know that in my country they like to use bitcoin. in everything easy to do.
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.
Aside from having a token or coin like bitcoins has its own special use and so for altcoins in a very specific use only it depends on the project where you can spend it or purchase a things. For its use check out every token what it is for. Can someone is using altcoin for purchasing and shopping etc.
All altcoins that has been start before they have successfully launced in some markets have their own platforms and goals to achieve. Some of them make a project to solve some problems in this crypto world and good to know that they have projects that we are the benefits of it.
There are a ton of coins or tokens that don’t have real world use cases and are currently good for trading and speculation. Many of them have intended use cases, but prices are too volitile for people to consider spending them there intended use because you don’t know how they’ll be worth. There is a fomo for buying coins but there is almost an equal amount fomo around using them and having them increase in fiat value.
The crypto community could use a real life, popular use case that shows it’s ok to use the tokens like you would spend fiat. Until that day, mainly speculation and trading.
The crypto community could use a real life, popular use case that shows it’s ok to use the tokens like you would spend fiat. Until that day, mainly speculation and trading.
yes most altcoins have a use as it's hard to have a successful ico without a use for your token
Go Green!
Go Green!
Various coins are used more than trading basically a coin is not entirely based upon trading purposes only, it also have some physical advantage make it useful in our life. For example, myetherwallet acts a source for storing new coins which are yet to be registered on any exchange, and it use ETH for their transfer which makes ETH circulation and useful coin. Similarly every coin has their particular audience which helps coin to grow and trading at the end makes coin more popular.
Yes trading is secondary purpose. Main purpose is to be accepted for payments etc. If we generalize it in real life example, basic purpose of paper money is buying good and services. Some people are also exchanging it like USD to EURO. But this is secondary purpose.
Various coins are used more than trading basically a coin is not entirely based upon trading purposes only, it also have some physical advantage make it useful in our life. For example, myetherwallet acts a source for storing new coins which are yet to be registered on any exchange, and it use ETH for their transfer which makes ETH circulation and useful coin. Similarly every coin has their particular audience which helps coin to grow and trading at the end makes coin more popular.
The actual use of altcoins are different for each project. Some altcoins can be used in their platform for reduced fees, some altcoins pay you dividend when the project make money and etc
One of the main reasons of altcoins is the incomes you can get and the profit. You invest, you hold, and then you have the profits
Yes most of us are doing this.
One of the main reasons of altcoins is the incomes you can get and the profit. You invest, you hold, and then you have the profits
Yes some altcoins like ETH, LTC, DASH, DOGE can use it to buy product and service in merchant. I have seen many starts ups created product to possible to buy coffee or other goods n service in cafe, restaurant and store. One of the starts ups that development product that enable for crypto to buy goods and service is Pundi x, this project has working product and their service used in many outlet and cafe in Jakarta.
I heard but not seen anywhere, people can use digital currency to pay mobile bills, and electricity bills and they can buy some kinds of stuff in online, but this facility is not available in all countries. Other than trading max people use altcoins to play online gambling and people use altcoins as collateral and take loans. 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.
Yes, of course there is. You can, for example, buy coins that pay dividends. Thus, you invest in some operating enterprise or business that, thanks to investors, has launched a business and now receives a profit that pays a part of this profit in the form of dividends to holders of its tokens. It looks as if you bought shares of an enterprise. Payments are generally made in Ethereum, which is very convenient. I gave an example of just one variant from many other possible ones. Can someone is using altcoin for purchasing and shopping etc.
You can not generalise. Some altcoins have an actual application like Steem or Ethereum. For others they have yet to make a valid use case. Long term it will the use case that drives prices and not speculation about future use like seems to be the case for many altcoins.
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.
If your altcoin will be supporting staking method and you will able to earn passive income as another source from altcoin trading. If your altcoin have utility usage just like when you are using binance token and you can get 50 percent discount on the binance platform, If you are owned some santiment token and you will be able to access the platform. And many more but that depends on the token ability itself. Can someone is using altcoin for purchasing and shopping etc.
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