Hi Guys I am rather new to crypto world and i have a basic question.
as i understand a token holder is a stake-holder right?
so 2 questions here:
1.lets say i bought token X. how can i gain from holding a token? meaning what is the factor that gives a token its value? what is the connection between the tech and the token value itself?
2. what other uses does a token have besides trading it?
thanks.
Both of your questions are really specific to the token you’re talking about. You have tokens that are a product, meaning the token grants you access to some service or something like that, you have some tokens that act in a very similar manner to stocks, and others that can be a combination of this things or something entirely different.
You really have to look into the particulars of the project the token is related too.
also you have Tokens Such as 0x73cC407fbAE89D69F20Cf15D51aA98171DC5703C SFT where the Token is the Value itself, you buy capabilities of NFT