Topic: Creating altcoin for business financing - page 2. (Read 243 times)

If you have less knowledge about cryptocurrencies and how it works then this might become an expensive start for you. First, you will need a team because it's impossible for you to do it on your own or else it will be a mess.
Marketing is next, you need another team to spread the good news and all I can say about what I see now is it's difficult to find a good team that would make a great effort and work it out, you will need to pay high to make it possible.

I say it is possible but it will cost you.
There are other businesses that did the same, some failed lacking mostly in marketing strategies while others were because of the lack of information given to make it sound more inviting to investors. I've seen car business-related and even electronics businesses during the ICO days, both failed but they did try. You need to think of a feature that would be attractive and also put yourself in their position if it's really worth buying your proposed plan of coin.

I second this opinion since you'll have difficulties with the regulation if you want to use cryptocurrency to fund your business. Now people understand that this is basically just an illegal security.

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@OP have you spoken with your lawyers? There's so much complicated stuff if you want people abroad to invest in your business, aside from the ICO issue with the regulation. Your best bet is by pitching investors if you can't afford to get bank lending.

Your altcoin should have some real use which is backed by the real business. Without the proper use scenario, the altcoin would be nothing more than a meme token or just an alternative form of crowdfunding.

IMO, even if you use the coin only to donate on your business, creating an altcoin and promoting it is a pretty complicated for a real world business. It would be much easier to get funding from traditional sources, just make a clear business plan, show how you gonna make the profit and investors will queue up to give you the money. It shouldn't be the problem neither in EU nor even in Russia.

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.

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.

Hi, welcome to bitcointalk propeller. I understand the concept that you're thinking about releasing altcoin of yours for the funding of your business and in return, there's the value that you'll also project for those tokens. Honestly, this has been done for so many times in the past like during the ICO days. I don't recommend this anymore as the volatility will certainly hit the token especially if you put that in the exchanges. If there's a need for funding just release some bonds or get into crowdfunding by releasing stocks instead of altcoins.

Thank you for your message.
I understand that there were and are many scam  projects involving finance that
were created only for the sake of receiving other people's money.
I understand that it is very difficult to inspire confidence among investors and
show that the project will be a success.
The cryptocurrency market is new to me. I haven't followed the crypto market before.
Now is the time for digitalization. Today it is difficult to find financing to start a business.
I used to use the services of private investors and bank loans.
There were no other options in my practice.
Today banks do not want to finance a project without collateral and participation with their capital of at least 30%
from the cost of the project. Private investors are not willing to take risks given the global economic downturn.
While studying the cryptocurrency market, I see that people invest their finances in coins that do not have any collateral.
people take risks with the desire to receive income from purchase and sale operations or freezing coins.
I want to try to attract finance from the virtual market to the real sector by combining them.
I don't know if this will work or not.
In order to understand, I am looking for someone who understands this.
Today, due to restrictions on free movement in my country and I am looking more towards e-commerce.
While there is time and opportunity, I want to learn more about the altcoin market.
Maybe I'll find a partner here By combining efforts and knowledge we can get results.

What makes you think the lack of funding of a business could be solved merely by shifting the funds-seeking method into altcoins or any cryptocurrencies? We know that due to the recent economic condition, most VC and investment firms take a more careful approach toward which business they want to fund.

With that in mind, there must be something wrong with the business you propose. Making an altcoin while only seeking funding would rather make your business plan decision awful. You are not solving the problem of why the business did not get financed, but instead, shifting to meaningless and unnecessary altcoin funding options or methods. Your business has no essential dependence on an altcoin, even for the sake of funding.

Project financing through token issuance use to be profitable for investors before,  but with the recent multiple experience with scam projects who only exist on papers and not in real life just to secure investors funds to use for their gains,  this has affected investors motivation level and also have effected their overall trust in such project.

And just as you said that you have a year of business experience but lack the funding,  I am sure to secure a loan and develop the coin to a certain level of success before you invite investors to buy into your share by issuing them the tokens and think that way you can easily attract potential investors.

It's good as you deleted it because during discussion people will only concentrate on the English speaking words or composition to respond to you, but as the Russian and Ukraine language is attached to it many people will not be encouraged to discussion in such thread except it is people that come From your geographical environment

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.

Before I bring up my suggestions I will like to clarify myself base on my observation towards combination of two languages you use for English board, I think that the you composed or wrote in Russian and Ukraine languages you won't have using your native language in English board, specifically a native languages is meant to be in local board not in public board. But nevertheless, I guess the English composition is local version of it.

The aspect of altcoins business, it would have been good to learn and understand the kind of business you want to get into, because its obvious that altcoins gives profit when you are lucky enough for particular altcoins you invest on accelerate, so therefore altcoins investment is suppose to verify very because of the potential of the project before investing on it, because their is every tendency that the coin you want to invest on will give off in short duration, so the reputation of altcoins and the potential matters a lot.

Good day to all.

I’m new to this forum and I got here through a Google search of cryptocurrency forums.
I’m not good at this, and this is a new direction for me.
Looking for someone to help me understand the altcoin business.
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.

My native language is Russian and Ukrainian. English is very weak. I wrote the text in Russian then translated in a translator.
There may be translation errors, I apologize for them in advance.