Post
Topic
Board Beginners & Help
Re: Important to know: Difference Coin / Token and shady marketing practices
by
Upgrade00
on 19/09/2023, 06:08:39 UTC
Another thing I should learn is: Can a token be decentralized in any way? The developers of those tokens have all control over their tokens, and it's fully centralized. So, I assume every token is centralized, and developers can control users' money by increasing the supply. Isn't it like that?
I guess there is a small window where a token can be decentralized, if it is built on a decentralized blockchain/platform and the founder designs it in such a way to not have any central authority or control center, even from they the founder, then it is possible to have a decentralized token, but so far all of the tokens in the market are all centralized. They claim to be decentralized and ground breaking in their whitepaper but turn out to be none of these things.

We barely have decentralized coins in the market today.