Hey guys, I have a question regarding eth tokens.
I can see many ethereum tokens projects and airdrops each week atleast. But my question is, why would i prefer BAT over BTT and both over XXX since they are all use the same engine (all under ethereum with exactly same functions)? And after that, I see they have diffrent price, market.
I can see ANNs of the projects announce diffrent titles, but in the end they doesn’t differ any thing. Unlikely for example, the comparison between too coins, for example bitcoin vs eth, we may say bitcoin fee is better than eth fee, oh thats why I love btc, bitcoin is first currency, thats why the most money invested into it, etc...
How could bat gain a lot of money invested into it, but XXX didn’t?
Please correct me. Human mistakes.
First thing first, Ethereum is just a blockchain or let me say a building block or foundation on which any project can launch, build and develop on, Ethereum gives them an easy landing space and it is left for the project developers in question to work on their projects to make it useful and valuable. Most of the top projects today were once on the Ethereum blockchain and those project's team were serious with their long terms goals, they got to a point where they built their own blockchain and moved out of Ethereum.
So in other words, a lot of projects can be on the Ethereum blockchain and all will have different prices and market cap, which all reflects on whatever the team are working on and how serious they are with it. Ethereum have no business with that price any token on its blockchain will have, that business is left to the team of that project.