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RE: STEEM As A Loyalty Token: In The Works

in #busy5 years ago

My problem with most of the tokens that will soon appear is that most of them won't have any economic basis to work, a token will only increase in price if someone is buying that token... There needs to be a reason for someone to buy those tokens, and that is my main problem with some of the tokens that will soon show up, people will create tokens left and right without any understanding of how the economy works!

One great thing about the Steem Engine platform is that all tokens created on their can be exchanged for any other and Steem.

Not saying knudz will be like this, but, why would someone buy their token? That is the question that should be answered because creating a token that will lose value day after day won't be any good to the ecosystem... people should understand that STEEM is worth what is worth because people are buying STEEM, not because it "magically" has value...