Too Long; Didn't Read
I’ve come across many new projects recently stating the intention to “transform” a given industry through blockchain technology. These projects — regardless of what it proposes to do — often involve the creation of an online platform that requires the use of a native/new token. This has resulted in a glut of altcoins. As of this summer, there are over <a href="https://medium.com/swlh/10-altcoins-that-will-survive-the-bloodbath-7b7f53a393ae" target="_blank">2000 cryptocurrencies</a> available. Conducting transactions within a proprietary platform or “ecosystem” is the main (often only) use for most of these tokens. Some of them are also traded on exchanges.