Hi guys, this just bother me long time ago, and just popped up recently..
What is the purpose of token?
I can not figure it out because I have one token before and I did not know how to use it and I can not even transfer it to bitcoin. I am just wondering why people keep inventing and creating so much token at all.
I hope I can get POSITIVE response and not some hates and negative one.
Thank you.
Generally, tokens have the following characteristics:
1. They have the purchasing power - you can buy services using tokens;
2. They act as a currency in a closed ecosystem;
3. They can be an indicator of the holders share in a certain enterprise;
4. They are a form of reward for some actions.
If you cannot sell your tokens, this means that the related project is of no interest to other investors and is probably a scam.