Post
Topic
Board Altcoin Discussion
Re: ICOs should only create Tokens with Working Product(s)
by
NOTORIOUST1
on 05/09/2018, 07:46:25 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.

Very true but this is human nature and everytime there is money to be made some people will be willing to do anything to get a piece of the cake including some not very honest business that's why in my opinion the responsibility falls on the investors to do their due dilligence and research and not fall victim to the hype since the market is not regulated enough to take care of cases like that.