OK.if i have token on my ethereum address how to use them?
If it is on the ETH address in your ERC20 supported wallet then you can trade it over the exchanger by sending the tokens.
For example, if you have IOST token and you want to use them to exchange for the purpose of getting BTC, ETH or any other coin that you need then just go and find the exchanger where it is listed first. In case of IOST it is already listed over 4-5 exchangers and lets pick Binance. Second step woudl be create the account on binance, then search for the IOST token in the wallet. There you can see the deposit option, by selecting that you can get the deposit address for the IOST. (You can send only IOST on this and however same procedure follows for other tokens too). Then come to your main wallet where you holding the tokens. Here copy the address of exchanger and paste it in the field of "To address". Input the amount and generate the transaction and click send. After sufficient confirmation you will see the IOST transferred to your exchanger wallet.
From here on wards you can trade your token with all the available pairs and thus obtain other currencies. If you get them converted to BTC then you can use BTC further to convert into fiat on your local wallet and then get the fiat money into you bank account.
ok but how long does it take for a token to be listed on an exchanger?
he token is actually a new term referring to a value unit issued by a private entity. Although tokens have many similarities to bitcoins, they are more important than currency, because they can be used in a wider range of applications. Also virtually all tokens are based on the Blockchain Ethereum protocol, which according to experts is more complete than bitcoin blockade.
In other words, a token is a unit of value that an organization creates to manage its business model independently to enable users to interact with its products, and to facilitate the distribution and sharing of prizes and benefits with all interested parties.
in this sense the token of the ethereum platform for example will always have a value lower than that of the ethereum if I understand well
Token : It is symbol and/or representative of issuing body which could be either established entity or ICO itself. Token represent you as the share holder of investment that you have made into that entity/ICO itself.
Entity would be matured company while ICO is Initial Coin Offering stage which is nothing but first appearance of that specific entity.
For example, Bitcoin is symbolised token of Bitcoin crypto project itself which provides you with means of transaction, store value etc.
You can use token for the purpose of its utility within or outside that project!
You can get your tokens from the direct purchases made in the ICO stages, if they are on exchanger then you can buy them or you can earn free from the bounty campaigns.
OK.if i have token on my ethereum address how to use them?
Post
Topic
BoardAltcoin Discussion
token
by
woagha
on 30/04/2018, 09:49:32 UTC
what is a token? and how could I use it?
Post
Topic
BoardBeginners & Help
Re: Airdrops are collecting your Data... Stay Away!!!
I did a lot of registration in the airdrops but there are no airdrops who asked me my password just two conditions must apply never give your private key of your wallet and never give your password