Topic: Creating altcoin for business financing (Read 259 times)

I understand that I know nothing at all about altcoins. To find out more, I came to this site. I want to understand for myself
Is it possible to use an altcoin to finance a startup? I understand that a team is needed. I can't do this alone.
That's what I'm here for. If things don't work out, I won't be upset. I'm already pleased with the attention on this forum and that so many people are trying to help me.

Your idea of using an altcoin to attract funding for a real business venture is interesting. It's indeed a creative way to address the funding challenges faced by businesses. Your background in finance can be valuable in this endeavor.

Creating an altcoin to represent ownership or investment in a real-world asset, such as a starch factory, is known as a security token offering (STO). These tokens are typically regulated by financial authorities to ensure investor protection. It's essential to consult with legal and financial experts who are well-versed in cryptocurrency regulations and STOs.

Building a starch factory is a substantial project, and using an altcoin for financing could be a viable option. However, you'll need to create a comprehensive business plan, including the technical aspects of token creation, regulatory compliance, and a clear value proposition for potential investors.

Your language skills shouldn't be a barrier; you can collaborate with experts who can assist in translating and communicating your ideas effectively.

Thanks for the comments. I deleted the weight of my message in Russian.
The idea is to create a new altcoin for the project instead of using what is already there.
Collateral for altcoin will be the rights to the company that will own the enterprise. The coin will be payable dividends.
Coin holders can either receive dividends or sell them to the company after the plant starts up.

Why not just look for investors instead? From what I can see what you're planning to do is to use the funds from that altcoin to launch that starch factory from wherever. In that case you can totally skip the altcoin development plan and go straight ahead with building it up instead. Altcoins can be a decent project startup, but only if you know what you're doing. In this context, I don't think said altcoin would have any use case, at all, and that would inevitably make the project dead imo. If you can create one, and one that's innovative and useful enough, then you can try creating an altcoin first and then use your original plan, but otherwise, I don't think it's going to bear any fruit. What you're basically asking here after all is something similar to how gofundme (or any crowdfunding exercise) works from what I can see.

Why not to use an already existing altcoin to finance your project? Why not using Bitcoin for that purpose?

I suppose you want to take advantage of the potential pumps in price a token created by you can have, so you maximize your personal profits. However, keep in mind it's not going to be interesting for investors, because as soon as you drop your own tokens for sale on the market, its price is going to fall, and investors are going to see their holdings melting down.

It seems there are no advantages in investing on your token... I wouldn't go ahead with this idea.

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I’d like to see if it’s possible to finance a project using the release of my altcoin.

Your project will be fall under Security Token which is still in gray area on crypto space. You are offering a token equivalent to stocks to the company you are building and will share dividend from profit. This type of crowdfunding become popular before until it was hit by regulatory problem since this is illegal to offer on some country with strict regulations.

For many years I was engaged in business working as a financier in large companies. For today
It is very difficult for businesses to attract funding into the real sector.
I have an idea to attract funding to the real business sector by releasing altcoin
That would be secured by real business.
If this team is interested in discussing the possibility of a joint start-up.
I’m no good at the crypt, but I have real business experience.
At the moment I am considering the construction of a starch factory on the basis of the former plant that
located in Slovakia. There is a project of the plant also there is an engineering company that will carry out installation and start-up of the operation.
I’d like to see if it’s possible to finance a project using the release of my altcoin.
Do not judge strictly. Maybe it is impossible. But I hope you can always find an alternative even in such a question.
Can try it small. Ready for dialogue. I will be glad of new acquaintances.

If you think after creating altcoin your business will get a lot money then you're wrong.

You still need people who're willing to buy your token, if not your token are worthless. People will not believe in your token due to worthless and they're more skeptic against cryptocurrency due to the nature of scam.

If you have an idea to share dividend, it's better if you launch initial public offering.

Thanks for the advice to take a closer look at Crowdfunding. I didn't know about this kind of funding. Now I’ll read and look on the Internet. I agree that altcoins
do not have a stable exchange rate and are subject to volatility. I see that after listing the coin drops in value several times. I understand that many people want to get quick benefits and what this can lead to
to the impossibility of the further existence of the project.
I say again that I am new to this topic and I want to understand the possibilities of Internet commerce.

All I found on the Internet were Crowdfunding sites that allow you to finance non-commercial projects or
private small business. Mainly associated with handmade or production of piece goods. Their reward for funding is basically the right to receive the product for free.
I have not found a platform for financing business projects. If there is a specific site, please tell me.

Your project will be fall under Security Token which is still in gray area on crypto space. You are offering a token equivalent to stocks to the company you are building and will share dividend from profit. This type of crowdfunding become popular before until it was hit by regulatory problem since this is illegal to offer on some country with strict regulations.

There’s no current demand on this type of investment since it needs a lot of funding and slow to ROI. I believe you need to partner with launchpad if you want liquidity to your project. This is the current hotspot now if you want to find investors. Find a developer of your tokens then prepare legal framework and whitepaper for your project.

Check out Bluezilla.vc

You should take your time if possible do a deep study to fully understand how creating a token and launching a crowdfunding works, we already have thousands of shit and dead coins and yours could be one of them if you do not lay out a good plan, I'm not discouraging you but times have changed a lot in Cryptocurrency.
There was a time when you just created a token and people would buy that token regardless of who created it and what its usage was.
Do a deep study to find out if this is what you really want.
 

I’d like to see if it’s possible to finance a project using the release of my altcoin.
Do not judge strictly. Maybe it is impossible. But I hope you can always find an alternative even in such a question.
Can try it small. Ready for dialogue. I will be glad of new acquaintances.

I agree with you regarding a European company or a company from a country with a stable economy.
I live in Ukraine. It's not a good time for startup funding right now. Ukrainian company
has virtually no chance of funding. Foreign companies are also not ready to work due to high risks.
For example, I’ll give you one of the situations:
There is a product in demand in Ukraine that is produced in China. It is possible to sell a product in Ukraine only if it is available in the country. China will not start production
goods without receiving a 30% advance payment and will not ship the goods without paying the balance 70%. There is no direct logistics from China to Ukraine. An intermediary country is needed. Financing for such
It is almost impossible to get a deal in Ukraine.
but if, in theory, we take a coin that will be secured by a trade credit. The investor buys part of the coins, thereby financing the transaction
Let's say 1 US dollar per coin. The transaction status process will be displayed on the company website. When selling goods in Ukraine, coins will be redeemed at a fixed price, for example
1.1 dollars. Someone will sell right away, someone will wait. With each round of the transaction, the cost of redeeming coins increases.
eventually buy them all. You can use it for another deal by first writing out a business plan on the website.
If I'm wrong, please correct me. I see the possibility of using altcoin as a share in a joint stock company.
My knowledge of English is easy. Translated by a translator.

Thanks for the advice to take a closer look at Crowdfunding. I didn't know about this kind of funding. Now I’ll read and look on the Internet. I agree that altcoins
do not have a stable exchange rate and are subject to volatility. I see that after listing the coin drops in value several times. I understand that many people want to get quick benefits and what this can lead to
to the impossibility of the further existence of the project.
I say again that I am new to this topic and I want to understand the possibilities of Internet commerce.