Why are there so many tokens? - page 2.

GreatArkansas

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

Because they just want to scam more people with their new token. They are creating new tokens then some people will contribute or donate, then after that they will abandon the token. Most of airdrops now is like that.

KuromaYoichi

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

Because it is easy to create one and it doesn't cost much. If there's no value in that token then it won't affect other altcoin. It is hard to make valuable token, you have to have a great concept, plan and ability before people willing to follow your project.

Jordo55

newbie

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It's a new way of starting a business, but harnessing the future of technology and currency in digital format. IPO's are the old ways companies raised capital. ICO are the new ones. Right now there is not really any regulation, so many legitimate people are getting in while it's good, and some scammers are launching things so that they can get people to invest in the HOT thing right now.

There is still a while to go before in normalizes more.

samtarly

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

I don't think altcoins will be affected with those, being a strong altcoins is always back up with good platform so it doesn't matter how many coins will be created as long as the demand will be there everything is good.

Btcvilla

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

I dont think there is any prohibition to create altcoin. all altcoin that comes up is nothing more than innovation and refers to bitcoin. yes I know though many of altcoin have no future, but at least there are some who have useful technology and ideas on our real life. I just think in terms of positive

kodtycoon

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

If someone already has a basic understanding to create tokens, then it will be easy to do. They only need the capital or spend a little money in the beginning, and then they can make big profits from it.

Reid

hero member

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Wouldn't you want to have your own token?
Businesses, companies, and other merchants dont want to rely on just bitcoin.
Because of the volatility they are afraid it will lose its value that will also wreck their businesses.
So they would rather create an own coin which they could control so that the price can stay on just how much USD it is equal to.
The means is only for faster transactions.

okour999

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many really tokens are out there because many crypto currency that will come out before and everyday it promotes ico to generate and earn people.

eann014

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

In my opinion, because they are also earning from it if they make their own token, especially if a lot of people will promote their coin and will use it also. They say that it is easy to create our own coin/token/altcoin, well, I don't know how but almost everyday there is a new coin/token/altcoin. It is also up to us if we want to buy it.

uncoinwhales

newbie

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Bitcoin effect many any one start dream to start his own coin/token and hope in some day in future to be more than 10,000$
in fact there is more than 10,000 coins base on blockchain

osasshem

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

There are alot of altcoins because alot of them are scams which is increasing the market with altcoins. Most of them comes with an interesting outlook and nothing good at the end of it.

MotulDiesel

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Token is easy to create and cheap. Token like a kind of Share. They try to make their token available in the market and go popular and valuable as much as it can. Many way to get token as getting bounty from a campaign, buying with a little eth,..etc. Some token can make you money when it available. You can try this for make your experience.

filharvey

hero member

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Crypto currency market is the booming market and no one wants to leave the opportunity of earning from it.Tokens are issued to raise the required funds for the upcoming project.Some amount of tokens are issued as pre ICO before the ICO at a lower price and the rest of tokens are issued at a high price during the ICO.When the ICO successfully raises the required fund,then the investors start selling their tokens for the market price.Its an ongoing process.

spadormie

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

It is just because we are late on bitcoin. Our investment is not that good probably if we invest more on bitcoins. WE ARE SOMEWHAT LATE. So our choice is to pick from those alts and to invest in them.

Azkabal

sr. member

Activity: 389

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Quote from: kiddeon123 on November 19, 2017, 06:27:47 AM

I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?

Is not just so, that the Token represent a Project sucessfully? And if the Tokens is cheap to create, its make it perfect as buy, sell thing.

mikewirth

sr. member

Activity: 532

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In the free market, every project team has a different and new idea. By presenting these ideas with the project, they are trying to find investment for the project.
Because of this, there are too many altcoins, the project team that does good work gains and continues the project life.

qiman

hero member

Activity: 1036

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Now many new start ups and businesses are procusing investment capital via the blockchain so instead of issuing shares in the traditional sense of the word, they issue tokens and also many tokens do not want to be securities but they want to be called utility tokens because of the complex regulatory codes of different countries. Also having a utility token approach to ICOS makes it easier for people all over the world to invest in the same project which is remarkable and without the need to pay brokerage fees.

Tyrantt

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Need some spare btc for a new PC

Well today's really easy to make your own coin, tons of people providing that service and most of those alt-coins turn out to be siht coins or scam coins and imo there are too many pretty much useless alt-coins and simple pump and dumps.

iram1011

hero member

Activity: 896

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Today running an ICO with a minor advertising expense can earn you millions. Then why won't you try it? I have seen some projects raising a million or above disappearing with investors money leaving their shit tokens in the market. Even if the project is legit, still many are running BS projects using blockchain. Blockchain is indeed a technology of future. But is not for everything. I do go through ICO projects once a week and most of the projects even if legit doesn't seem to have any potential or mere repeating the already existing idea.

Launching a token has became a trend today because it is the easiest way to get rich if you invest in advertising wisely.

Mike Mayor

hero member

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I think it's good. It's good for competition and it's good for my pocket Wink

Everyone wants there token to be the next best thing and the next token to make it big and have direct use. If your token makes it then it will be worth a lot of money and people will be actively using it to great success. Other tokens are mostly for market value and trading or count as sort of like having sticks or bonds or shares in a business idea or sometimes an idea that has already been realized. There are tokens backed by real companies that actually exist as well as stores too. That doesn't mean they have to have that kind of backing to be of value. An idea can have more value then an actual physical object. This kind of thinking is what we were taught since birth and we need to get over it in order to succeed in the crypto world.

Quote from: crisnel26 on November 19, 2017, 10:38:55 AM

The more the coins are the more it depends on bitcoins price i think. But it is good coz it shows how healthy the competition is.

Exactly.

Topic: Why are there so many tokens? - page 2. (Read 985 times)