Post
Topic
Board Altcoin Discussion
Re: ICOs should only create Tokens with Working Product(s)
by
AAlex48
on 05/09/2018, 09:46:30 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.
I agree that this would help in the future to strengthen the community.But locally now everyone has come to this sphere for profit.