Must all Crypto project create its own coin ?

LUCKMCFLY

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Quote from: bitcoin-shark on April 15, 2019, 01:07:56 PM

almost all the new projects/icos create their own tokens because they have a very low cost or even zero...

In fact, if you want to quickly make a token, in 5 minutes you get it, because the codes are online, it is very easy to do, I think even a child who manages some computer can create it, that's why many ICOs, have happened to be STO, because it is very easy to access. Of course the algorithm that can be used quickly is ERC-20, which is universal and can be programmed at ease.

bitcoin-shark

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almost all the new projects/icos create their own tokens because they have a very low cost or even zero...

LUCKMCFLY

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Quote from: MoonCrypt on December 22, 2018, 08:30:21 PM

Been Asking Myself must all Project create its own coin or is it a thing of pride this day to say I have my own coin

come to think of it some project finds it hard to be able to get there coin to any value because thousand of projects are coming up by the day people literally get confused on which to choose.

There is project out there already doing well with one thing still lacking real use of the coin in the real world daily activities that mean -
most coins are just traded as an asset!!

I think some project can just implement its solution and using the already existing cryptos as currencies by that way helping adoption.
the hassle of creating from the scratch to me is not all necessary for some project!!

if you looking at the mode of payment for your service you can simply accept already existing coin and go into a partnership with them
create a system to see that crypto have a healthy growth cycle not just having millions of project and at the end millions of dead project

better the whole system creates like a support system to retain its value for the long run... Long Live Crypto

what you all think

I think that the main reason for creating the coin themselves is a lot of development at Blockchain programming level, on the other hand, if Tokens are made it is easier to create, and they are made with the purpose of raising funds, some use the method of Airdrop and then purchase them or make a deposit to guarantee the withdrawal of the tokens, as they do so as a measure of Secure Investment.

MoonCrypt

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Quote from: ?? on ??

No but they should try to sell goods for crypto or consider to tokenize their assets (if theres a future market for that coming up soon)

That will be great seen crypto become a market currency but don't think it will be soon

BronxCats

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Quote from: MoonCrypt on December 22, 2018, 08:30:21 PM

Been Asking Myself must all Project create its own coin or is it a thing of pride this day to say I have my own coin

come to think of it some project finds it hard to be able to get there coin to any value because thousand of projects are coming up by the day people literally get confused on which to choose.

There is project out there already doing well with one thing still lacking real use of the coin in the real world daily activities that mean -
most coins are just traded as an asset!!

I think some project can just implement its solution and using the already existing cryptos as currencies by that way helping adoption.
the hassle of creating from the scratch to me is not all necessary for some project!!

if you looking at the mode of payment for your service you can simply accept already existing coin and go into a partnership with them
create a system to see that crypto have a healthy growth cycle not just having millions of project and at the end millions of dead project

better the whole system creates like a support system to retain its value for the long run... Long Live Crypto

what you all think

That really right there is the problem. The main lack of motivation from me in terms of researching. So many coins pop up everyday that no matter what they bring, you just feel that they're going be lost in the sea of coins. I could find a crypto with an amazing idea, and forget about it in a couple of day, because it's competing in my mind with so many others.

MoonCrypt

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Quote from: Jet Cash on January 07, 2019, 06:02:07 AM

Quote from: MadEth on January 04, 2019, 01:18:49 AM

You said a good thing, so you will be a fan of STO compared to ICO

It depends on the project. Most ICOs seem to have been creations to suck money away from the stupid. There are a few genuine ones that were used to fund new projects, but tokenised securities would be a better option, and are really just a fancy way to issue shares.

My idea is to deposit securities into an investment pool, and to use tokens ( coins ) as a receipt for a share of the pool. This means that all tokens will be asset backed. You don't need any fiat investment, because nobody sensible would keep fiat as a form of wealth preservation.

Let me ask what will make a project (STO) great investment for you?

MadEth

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Quote from: Jet Cash on January 07, 2019, 06:02:07 AM

Quote from: MadEth on January 04, 2019, 01:18:49 AM

You said a good thing, so you will be a fan of STO compared to ICO

It depends on the project. Most ICOs seem to have been creations to suck money away from the stupid. There are a few genuine ones that were used to fund new projects, but tokenised securities would be a better option, and are really just a fancy way to issue shares.

My idea is to deposit securities into an investment pool, and to use tokens ( coins ) as a receipt for a share of the pool. This means that all tokens will be asset backed. You don't need any fiat investment, because nobody sensible would keep fiat as a form of wealth preservation.

I think you need to advice some people about the space, because your opinions are smart

Jet Cash

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Quote from: MadEth on January 04, 2019, 01:18:49 AM

You said a good thing, so you will be a fan of STO compared to ICO

It depends on the project. Most ICOs seem to have been creations to suck money away from the stupid. There are a few genuine ones that were used to fund new projects, but tokenised securities would be a better option, and are really just a fancy way to issue shares.

My idea is to deposit securities into an investment pool, and to use tokens ( coins ) as a receipt for a share of the pool. This means that all tokens will be asset backed. You don't need any fiat investment, because nobody sensible would keep fiat as a form of wealth preservation.

MoonCrypt

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Quote from: groozh on January 06, 2019, 10:04:43 PM

It's not just crypto projects, every tech startup is doing an ICO to raise funds because it's the new meme and it is (or was) unregulated.

2018 was a crazy year for bitcoin Huh

You said it is the new MEME ..lol that got me cracking, they really took advantage of it!
they could create a council that just help regulate the ICO space instead of letting anyone with a website do an ICO

It could be a decentralized union who votes to approve any startup for an ICO, that way prevent lots of crappiness

groozh

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It's not just crypto projects, every tech startup is doing an ICO to raise funds because it's the new meme and it is (or was) unregulated.

2018 was a crazy year for bitcoin Huh

MoonCrypt

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Let's all be hopeful that 2019 trust will be built in the crypto space with a better approach for fundraising
and more project solving real-life challenges

EmNg

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I think it will.be better for a project to build the platform to a certain level before asking for going for an ICO that makes it difficult to have shut coins..

MadEth

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Quote from: Jet Cash on January 03, 2019, 04:58:16 AM

I decided that I should create a coin for my investment project as an alternative to shares. It means that you don't have to use a stock exchange to exchange or sell shares if the project takes off. Coins with a strong asset base can be a great investment - it's the ones with no substance or intrinsic value that should be avoided.

You said a good thing, so you will be a fan of STO compared to ICO

Jet Cash

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I decided that I should create a coin for my investment project as an alternative to shares. It means that you don't have to use a stock exchange to exchange or sell shares if the project takes off. Coins with a strong asset base can be a great investment - it's the ones with no substance or intrinsic value that should be avoided.

EmNg

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Quote from: MoonCrypt on January 02, 2019, 10:56:02 AM

Quote from: MadEth on January 02, 2019, 08:02:36 AM

Some points in this group are not clear
I guess not regulating ICO has been the major problems
Lots of shit happens and know one to moderate them
It’s crazy

Regulation will be the catalyst that gives life to crypto again
for now you need to have people with believe in the project to want to invest

We love to see that happen
Bitcoin was first mined on this day
And now we still mining so progress will happen

MoonCrypt

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Quote from: MadEth on January 02, 2019, 08:02:36 AM

Some points in this group are not clear
I guess not regulating ICO has been the major problems
Lots of shit happens and know one to moderate them
It’s crazy

Regulation will be the catalyst that gives life to crypto again
for now you need to have people with believe in the project to want to invest

MadEth

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Activity: 140

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Some points in this group are not clear
I guess not regulating ICO has been the major problems
Lots of shit happens and know one to moderate them
It’s crazy

HighlanderToken

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Quote from: galactic123 on December 30, 2018, 06:19:36 PM

Quote from: HighlanderToken on December 30, 2018, 06:08:21 PM

I never had a ICO, I airdropped tokens I left it up to folks to decided if they want to trade. I haven't even made a ANN yet here or my second token though I will do that soon.

I guess that is a good move as ICOs have been getting some seriously bad rap lately (OneCoin, DropLex, ... ) I plan on announcing a token soon too (thing began among some friends, more details later). There are plans for an airdrop, and other ways to get free tokens. Been playing with the idea of also enabling some totally optional ICO if anyone wants large sums, but not sure what approach to use if so...

Very cool man, yeah as long as you don't make promise's you can't keep things shouldn't get out of line. I'd suggest start at a steady but slow pace, then drops updates on everybody when they don't expect them. Some ICO's over hype because funding is needed also they are trying to take a cut right away. I wanted to stay away from that, I want to build my empire from the ground up because I love the chase.. Good luck bro

galactic123

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Quote from: HighlanderToken on December 30, 2018, 06:08:21 PM

I never had a ICO, I airdropped tokens I left it up to folks to decided if they want to trade. I haven't even made a ANN yet here or my second token though I will do that soon.

I guess that is a good move as ICOs have been getting some seriously bad rap lately (OneCoin, DropLex, ... ) I plan on announcing a token soon too (thing began among some friends, more details later). There are plans for an airdrop, and other ways to get free tokens. Been playing with the idea of also enabling some totally optional ICO if anyone wants large sums, but not sure what approach to use if so...

HighlanderToken

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Quote from: MoonCrypt on December 30, 2018, 05:13:35 PM

Quote from: HighlanderToken on December 30, 2018, 03:44:19 AM

Most project tokens are ERC20 related so they are sort of in a way helping Ethereum by creating own token on Eth platform. I'm more of a Ethereum Classic user and ETC hasn't muct adoption yet so I decided to support ETC by creating my tokens on ETC platform. In hope of bringing more awareness to ETC and give others the motive to do the same.

Not a bad initiative!!
But do you think any need to create token why not accept ETC as currency for your project?

Good question.. Best as I can is to say my tokens are paired with ETC on exchange. So that in inself is producing more trading volume for ETC. Which isn't the most important thing and barely making a difference but over time hope it helps ETC marketcap also. One of my tokens is a Proof of Stake token on ETC platform, so it's a PoS in layer 2, secured by layer 1 POW, over all it's still helping support ETC miners in this sense. I guess it all depends all someones project ideas and goals. Greed is a true thing not all projects are alike I do agree too many people are making tokens for the wrong reasons and promising to much. At least I can say for my project and 2 tokens I never had a ICO, I airdropped tokens I left it up to folks to decided if they want to trade. I haven't even made a ANN yet here or my second token though I will do that soon.

Topic: Must all Crypto project create its own coin ? (Read 558 times)