Post
Topic
Board Altcoin Discussion
Re: ICOs should only create Tokens with Working Product(s)
by
sergienkoe
on 04/09/2018, 18:17:55 UTC
Enough of people just creating tokens just for the sole purpose of trading it in exchanges and making money after the ICO. In order for a token to survive or stand the test of time, there is need for it to have a working product or service it directly supports. This is what a lot of tokens are lacking today.

In my opinion, any token to be created should bring in something new. It must be a token that will add value to the society and not just for the purpose of trading it in exchanges and cashing out money.

If we actually want cryptocurrency to survive and appeal to the ordinary people, then we must create ONLY tokens relevant to the society's needs or solves at least a particular societal problem.

Only investing in old ICOs which already have working products

Why only in old coins?
I think that the new coins are not worse than the old ones. New coins are better because they can be invested at a very attractive price and they can show good growth.
The main thing is to carefully choose the projects you are investing in.