Coin or Token? | Bitcointalksearch.org

LiceNseHit

newbie

Activity: 31

Merit: 0

Quote from: coinorium on August 20, 2020, 08:29:45 AM

Hello guys, we are developing a project only for university students.
Our project involves students in Turkey and all over the world.
In this case, we plan to invest in the development of the project and reach a more robust structure, and we plan to take this with an ICO Project.
But whether we should make our ICO Project by creating a new coin or with ERC-20 derivative Token systems, we were unsure about this issue and we wanted to learn your ideas.
We would be very happy if you give your opinion.

Thanks to everyone in advance.

If it something simple it will be cool idea.

devil2man

member

Activity: 759

Merit: 15

the best thing would be to create a new blockchain and an altcoin from scratch, if you really need to create a token on another blockchain make a utility token, the service tokens could be taxed or require additional duties and kyc for any users

jrrsparkles

sr. member

Activity: 2520

Merit: 280

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Token or coin, I guess the result is going to be the same which is most likely not going to attract the investors because the use case is not actually practical.Students or the education institute may not care much about the payment and not going to make it as transparent as well.

bitterguy28

full member

Activity: 2170

Merit: 182

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Quote from: coinorium on August 20, 2020, 01:14:58 PM

Quote from: semobo on August 20, 2020, 11:02:54 AM

When you don't even know which blockchain to choose for your project then how you are going to develop the project as you promised.I will say creating your own blockchain is better than erc 20 token because it has very low chance of getting survival.

Our project has already been greatly improved. However, we thought about collecting investments in order to accelerate the development and we had some disagreements with our teammates on behalf of the blockchain to be chosen. That's why we wanted to learn the opinions of forum users.
We thank you.

So how is it going now after 3 months of Asking here?does the Whole team come to single and strong decision?or again another Disagreement?

If you will Not stick in same stand then the project will not going far but surely will collapse so either some of you will adjust and join others or be separated and make your own ICO each group .

Salauddin1994

member

Activity: 868

Merit: 15

In the case of blockchain technology, it is better to do ICO projects but tokens are more powerful. How you complete your work will depend on the project you decide to work with. To know the ideas you will get the right idea by analyzing the different sites of the forum and you will be able to gain knowledge. The projects are improving a lot and are more reliable for ERC-20 blockchain tokens.

boyptc

hero member

Activity: 3024

Merit: 680

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It would be a token.

ERC-20 tokens have been tested and proven to be as good as the tokens that we have in the market. If there are things you are unsure of, better you should someone who's knowledgeable in what you do.

A blockchain consultant will help you guys a lot.

semobo

full member

Activity: 1498

Merit: 146

Quote from: GeorgeJohn on August 20, 2020, 08:22:34 PM

Quote from: semobo on August 20, 2020, 11:02:54 AM

When you don't even know which blockchain to choose for your project then how you are going to develop the project as you promised.I will say creating your own blockchain is better than erc 20 token because it has very low chance of getting survival.

While is that creating just like block chain is better than a token?
Want to understand, can you throw more lite of this, because I think am misunderstanding something serious.

Independent blockchain projects are called as coins where as projects created on other blockchain like ethereum,tron,waves,etc will be terms as tokens and now tokens can be created pretty easily and to create independent blockchain will take efforts and then only you can develop the projects further more and can bring it into a successful path.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

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Quote from: semobo on August 20, 2020, 11:02:54 AM

When you don't even know which blockchain to choose for your project then how you are going to develop the project as you promised.I will say creating your own blockchain is better than erc 20 token because it has very low chance of getting survival.

While is that creating just like block chain is better than a token?
Want to understand, can you throw more lite of this, because I think am misunderstanding something serious.

articlecity

member

Activity: 196

Merit: 11

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As far as i can get from your intro about the project, Token model will be ok for you unless you want to create your own infrastructure, blockchain network and all the coding.

odolvlobo

legendary

Activity: 4466

Merit: 3391

The advantage of a token is that you don't need a mining infrastructure. Supporting a mining infrastructure can be a huge burden for developers, and it potentially can be a serious distraction for the project. Creating your own block chain also introduces security risks that you wouldn't have as a token.

coinorium

newbie

Activity: 6

Merit: 0

Quote from: semobo on August 20, 2020, 11:02:54 AM

When you don't even know which blockchain to choose for your project then how you are going to develop the project as you promised.I will say creating your own blockchain is better than erc 20 token because it has very low chance of getting survival.

Our project has already been greatly improved. However, we thought about collecting investments in order to accelerate the development and we had some disagreements with our teammates on behalf of the blockchain to be chosen. That's why we wanted to learn the opinions of forum users.
We thank you.

coinorium

newbie

Activity: 6

Merit: 0

Quote from: Ucy on August 20, 2020, 10:44:35 AM

I guess token will be better if you are not planning to build something too advanced and independent. That will even help the school/schools take advantage of the features and ecosystem of the Blockchain you are building on.
I think coin (or blockchain?) is better for large Network that enables difference networks/communities to be built on top of it

Thank you for your consideration.

semobo

full member

Activity: 1498

Merit: 146

When you don't even know which blockchain to choose for your project then how you are going to develop the project as you promised.I will say creating your own blockchain is better than erc 20 token because it has very low chance of getting survival.

Ucy

sr. member

Activity: 2674

Merit: 403

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I guess token will be better if you are not planning to build something too advanced and independent. That will even help the school/schools take advantage of the features and ecosystem of the Blockchain you are building on.
I think coin (or blockchain?) is better for large Network that enables difference networks/communities to be built on top of it

coinorium

newbie

Activity: 6

Merit: 0

Hello guys, we are developing a project only for university students.
Our project involves students in Turkey and all over the world.
In this case, we plan to invest in the development of the project and reach a more robust structure, and we plan to take this with an ICO Project.
But whether we should make our ICO Project by creating a new coin or with ERC-20 derivative Token systems, we were unsure about this issue and we wanted to learn your ideas.
We would be very happy if you give your opinion.

Thanks to everyone in advance.

Topic: Coin or Token? (Read 153 times)