Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Once Popular Coins (Graveyard) => Other Popular Cryptos / Coins => Steem - Steemit Forum => Topic started by: troll on July 19, 2018, 12:57:46 PM

Title: Steem is a utility token
Post by: troll on July 19, 2018, 12:57:46 PM

Based on the different types of tokens (https://www.altcoinstalks.com/index.php?topic=34452.0)

Steem is classified as a utility token

(https://i.imgur.com/RMDh1Ru.png)

Title: Re: Steem is a utility token
Post by: CryptoZenWorld on July 19, 2018, 02:05:10 PM

Yes, Steem is a utility token. Most of us don't know about utility token. Do you know what is utility token?

Utility token works as demand base. When the demand of the product or commodity related to the token increase the token price also increases. On the other hand, the when demand decreases the token price also decreases.

Title: Re: Steem is a utility token
Post by: junebride on July 19, 2018, 04:43:34 PM

I also don't know about utility token, thanks for the information mentioned above.

question: are whales able to influence the steem and sbd values?