Quote from: pinoy.bolanon on April 27, 2019, 10:47:10 PM

Quote from: epiphanyblockchain on April 24, 2019, 11:02:12 AM

The next post is just made out of my own personal opinions based on what I have observed in the past 2 years.
Let me know what you think.

It seems to me like utility tokens from projects outside the financial industry are dying. I refer to those projects that deliver services in the gaming industry, betting, social media, etc.
It seems to me that only those who offer financial services are surviving like cryptocurrencies, exchange platforms, STOs in the near future hopefully, and other financial services like Ripple.
Having to buy a token for each product or service you want to get is definitely not very convenient, and most people don't want to go through such an inconvenient process of leaving the long and well established services and platforms to become pioneers of a new one and deal with so much factors.

So seems to me that the faster the industry and developers start focusing on these type of services, the less weight the industry will have to carry also in terms of reputation. Because most ICOs were based in these utility tokens, and most of them failed or were a scam. But STOs don't give much room for that because it will go through legal processes. Or seems to me that way.
At the end of the day, I consider crypto is a financial solution, even more, an solution for investors. So projects should focuse on that niche, and not try to get on board people with other interests.

What do you guys think about this?

Day by day, new utility tokens were introduced into the market, and new tokens were dying, it is mainly because of lack of work from the team and developer itself and some others were just created by scammers and fraudsters in order to collect money from the investors itself, maybe we just need to be more careful in investing those tokens.

If everyday new tokens will arrive, I think it's not possible to die because of continuous development. Lack of work isn't the reason but most of the factors was financial struggles due to investors were pulling back their money on a certain crypto project which has no good outcome. After the trading many panic sellers tend to dump, so we might see price decline very fast

vickycoin05

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