Post
Topic
Board Altcoin Discussion
Re: This use case even make any sense?
by
makishart
on 24/01/2022, 12:01:27 UTC
Do you know that there are many tokens that offers nothing but rewards when holding them?
I do. Bunch of tokens in CMC are using this kind of method to attract investors to earn passive income from there by holding their tokens. I don't even wanna call this as use case. This is not related to the usability for the token but this is a passive ability for the token. The only problem is where such token get the passive income? in my opinion if majority of these tokens didn't have product and how is it possible to generate passive income to be distributed to the holders?

They most times ends with ---nomics you hold the tokens you get some altcoins in your wallet every 4hrs or so, what is your view on such projects?
So what kind of altcoins? It's pretty similar like ponzi. Oh but that's ponzi scheme. This token will give you hourly payment by holding such asset. Don't join in this token. You may be scammed.