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Topic: Must all Crypto project create its own coin ? - page 2. (Read 558 times)

jr. member
Activity: 105
Merit: 1
Some projects require a larger amount of coins, and buying these first may not always be feasible. Especially true if you want to become an exchanger or even a rewards site of sorts.

It is not uncommon for sites to have their own internal points that can be exchanged for perks. Creating your own ERC-20 token / WAVES token / whathever gives the added opportunity of allowing people to buy or sell said points.
member
Activity: 246
Merit: 16
Learn and Grow
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?

member
Activity: 246
Merit: 16
Learn and Grow
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 have thought over this sad development too and each time I do what comes to mind is the proliferation of churches. Each priest breaking away to "stand" of their own so as to be in total control of the money that comes into the congregation (of course, the priests will deny this). It's the same way with the proliferation of cryptos. The devs want to be in control of funds, and in most cases there aren't even genuine cryptos getting established (as we have seen with most ICOs). They scam the investors and abscond with funds. This is pure greed the way I see it.

Well established statement!! everyone just going after having control but not concentrating on what matters for that project to become successful.
So most project suffers after fundraising TGE, Implementation becomes hard, those who can't fight it finds an exit plan.. there you Dead ICO was invented
jr. member
Activity: 105
Merit: 1
Oftentimes projects may need loads of coins, be it because they are a crypto exchange, or a rewards site of some kind.  Using an already existing cryptocoin means having to spend a handsome buck buying many of said coins.  Unless an existing coin project has no problems joining forces with upcoming projects and thus pitch in some.
copper member
Activity: 40
Merit: 0
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.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
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 have thought over this sad development too and each time I do what comes to mind is the proliferation of churches. Each priest breaking away to "stand" of their own so as to be in total control of the money that comes into the congregation (of course, the priests will deny this). It's the same way with the proliferation of cryptos. The devs want to be in control of funds, and in most cases there aren't even genuine cryptos getting established (as we have seen with most ICOs). They scam the investors and abscond with funds. This is pure greed the way I see it.
member
Activity: 246
Merit: 16
Learn and Grow
It all depends on the objectives
The creation of tokens by projects is to ensure they can have lots of liquids to be able to enable operations
Am sure there are ways to work things out

People have to be able to understand the economics


the early stage, while one is trying to still understand a crypto project 5 or 10 more, is birth
prediction still shows lots of this project will eventually die off
newbie
Activity: 65
Merit: 0
It all depends on the objectives
The creation of tokens by projects is to ensure they can have lots of liquids to be able to enable operations
Am sure there are ways to work things out

People have to be able to understand the economics
jr. member
Activity: 140
Merit: 2
It all depends on the objectives
The creation of tokens by projects is to ensure they can have lots of liquids to be able to enable operations
Am sure there are ways to work things out
member
Activity: 246
Merit: 16
Learn and Grow
December 28, 2018, 07:26:26 PM
#9
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



well having your own money, gives you the ability to pay others to do something for you.

creating your own money is cheap and riskfree. while working for money is risky.

I understand that Just saying some project could relatively be more in a relationship with an Altcoin already existing to bring about use cases
if you insist to have your own currency there should be a way to track down the necessity
member
Activity: 246
Merit: 16
Learn and Grow
December 28, 2018, 07:23:54 PM
#8
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



if crypto project without coin it should not be crypto project Lips sealed

Don't think so, it uses crypto that can still categorize it as one
sr. member
Activity: 1470
Merit: 325
December 27, 2018, 01:51:15 AM
#7
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



well having your own money, gives you the ability to pay others to do something for you.

creating your own money is cheap and riskfree. while working for money is risky.
jr. member
Activity: 154
Merit: 1
December 27, 2018, 12:04:54 AM
#6
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



if crypto project without coin it should not be crypto project Lips sealed
member
Activity: 246
Merit: 16
Learn and Grow
December 26, 2018, 04:30:25 PM
#5
I would prefer all crypto projects to use Ethereum,
Bitcoin and Litecoin. Most projects that release
a coin is a get quick rich scheme for the owners
and investors  Smiley Only few are actually worth and
need the coin


You get my points!! but if they can actually have a rigorous process before one can offer tokens it will make it tough for shit tokens to exist
member
Activity: 246
Merit: 16
Learn and Grow
December 26, 2018, 04:29:14 PM
#4
Yeap if follow ico project .they claim they can solve a specific problem with their unique coin

you solve problems with technologies, not coins! they can still use the other existing tokens and still solve problems
member
Activity: 421
Merit: 97
December 23, 2018, 08:52:20 AM
#3
I would prefer all crypto projects to use Ethereum,
Bitcoin and Litecoin. Most projects that release
a coin is a get quick rich scheme for the owners
and investors  Smiley Only few are actually worth and
need the coin
newbie
Activity: 28
Merit: 1
December 23, 2018, 01:25:59 AM
#2
Yeap if follow ico project .they claim they can solve a specific problem with their unique coin
member
Activity: 246
Merit: 16
Learn and Grow
December 22, 2018, 08:30:21 PM
#1
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

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