Topic: Selling your own token for fiat currency. Possible? (Read 287 times)
You can create anything you want and sell it. Its a free market. People sell worthless virtual items in video games for hundreds of dollars. Its all about convincing the consumer that they are getting a benefit from purchasing the thing you are selling.
I believe that's what you call a ICO private sale but the only difference is your ICO sale has already been finished and you are selling your token with the project's own supply after the token allocation. In my personal opinion in a investor's point of view I wouldn't like to see the project on selling anymore coins after an ICO has finished as it can easily be translated to them just dumping their token after the ICO sale. If a lot of investors have seen your token as a pump and dump coin it would reflect negatively in your token's price which I have seen in a lot of times in the past already.
Yes, you can sell your tokens in Fiat on P2P or depending on exchanges
A lot of interesting points and things to consider.
Big thanks to everyone!
Big thanks to everyone!
Is it possible, for instance, to sell your token directly to users? Price can be a weighted average from all exchanges token is listed on.
Obviously you can, that's why called "peer to peer" network. That means you are able to send fund to any other user directly through internet without using third party involvement. But is it not bit risky? If I want to buy any token and you want to sell same token so we could exchange it each other. But question is how will you trust me since you don't know my real identity. That's why people just simply use an exchange for buy or sell anything. I don't see any problem with it. 
It is possible, and I think the price will follow the price is on the exchanges.
Maybe you need to build an internal market which user can use to buy and sell the token and then they can send the token to the previous market.
Somehow, I remember about waves market exchanges that have an internal market, but I don't know how far they develop that market.
Maybe you need to build an internal market which user can use to buy and sell the token and then they can send the token to the previous market.
Somehow, I remember about waves market exchanges that have an internal market, but I don't know how far they develop that market.
Even if major exchanges are not willing to accept fiat for your currency pair but I guess you can start this service on your own site/exchange. Accept PayPal or credit/debit , money transfer or some counters in shop that can accept cash too.
It is up to you now , how flexible system you can set up for your customer.
It is up to you now , how flexible system you can set up for your customer.
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I’m not saying it’s not feasible, but it would certainly look potentially manipulable. Even if you try to peg the price to an average based on exchange price, what is to stop you from going below market price in order to try to swoop the sales directly in detriment of those sold at the exchanges? That could cause a depreciation of the token’s value for its holders, that would be originated in the corporation itself. If you eventually got to become the main point of sell, the exchanges would make little sense in selling the token and could lead them to bounce it from their lists.
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I’m not saying it’s not feasible, but it would certainly look potentially manipulable. Even if you try to peg the price to an average based on exchange price, what is to stop you from going below market price in order to try to swoop the sales directly in detriment of those sold at the exchanges? That could cause a depreciation of the token’s value for its holders, that would be originated in the corporation itself. If you eventually got to become the main point of sell, the exchanges would make little sense in selling the token and could lead them to bounce it from their lists.
it's possible, but there are some several things we need to consider.
These trades is more like OTC where people buy or sell any currency (in this case is cryptocurrency), but since it's like OTC, the transactions is not fully public, where everyone can see the amounts ordered, so people might not notice and the price will be likely on stable . However this is the matter, what if your buyer buy such a large amount but the volume on all exchanges wheres your token/coin were listed on still have a relatively small volume per day? if he wanted to sell, he can dumped the price easily and thus will affect your project on almost every aspect.
These trades is more like OTC where people buy or sell any currency (in this case is cryptocurrency), but since it's like OTC, the transactions is not fully public, where everyone can see the amounts ordered, so people might not notice and the price will be likely on stable . However this is the matter, what if your buyer buy such a large amount but the volume on all exchanges wheres your token/coin were listed on still have a relatively small volume per day? if he wanted to sell, he can dumped the price easily and thus will affect your project on almost every aspect.
It is possible. Who would enter cryptocurrency if it isn't 
. In my country, we have coins.ph that let us cash out our money on our bank accounts, or having a cashout with the use of cardless withdrawal. Or you can try P2P transaction. You give them your BTC, they exchange for money.
. In my country, we have coins.ph that let us cash out our money on our bank accounts, or having a cashout with the use of cardless withdrawal. Or you can try P2P transaction. You give them your BTC, they exchange for money. Obviously it's possible with BTC/ETH, major coins. I am talking about doing this with your own small token. To save your clients the trouble of going through all these steps(fiat - btc - exchange - your coin - wallet).
At least letting them to buy/sell yout tokens for btc/eth(pretty much the same way it's done during ICO). I just haven't seen this done after ICO ends and I wonder why.
It is possible. Who would enter cryptocurrency if it isn't . In my country, we have coins.ph that let us cash out our money on our bank accounts, or having a cashout with the use of cardless withdrawal. Or you can try P2P transaction. You give them your BTC, they exchange for money.
. In my country, we have coins.ph that let us cash out our money on our bank accounts, or having a cashout with the use of cardless withdrawal. Or you can try P2P transaction. You give them your BTC, they exchange for money. 
It's possible and it's also the same as buying crypto for fiat currency using credit card like in coinbase where you can buy btc and pay fiat currency. I really don't know if there is any existing cases of buying/selling crypto directly if you mean buying/selling person to person.
Of course accepting fiat via credit card transactions is very risky. A client could charge a bunch of your tokens on his card, then dispute the charges. As the merchant you are responsible for all charge-backs, and since it's crypto currency you'll get no sympathy or help from the credit card processing service.
True.
I wonder if there are any existing cases of selling/buying your own tokens for fiat or btc/eth directly.
I don't see why not. If you have a merchant account with a credit card payment processing service you can charge your clients using that, and send their tokens directly to their wallet.
Of course accepting fiat via credit card transactions is very risky. A client could charge a bunch of your tokens on his card, then dispute the charges. As the merchant you are responsible for all charge-backs, and since it's crypto currency you'll get no sympathy or help from the credit card processing service.
Of course accepting fiat via credit card transactions is very risky. A client could charge a bunch of your tokens on his card, then dispute the charges. As the merchant you are responsible for all charge-backs, and since it's crypto currency you'll get no sympathy or help from the credit card processing service.
Hi, the question is simple:
Let's say you created your own token that allows users to do smth(doesn't matter exactly what).
For simplicity, we can say that it acts as a currency inside your project. You had an ICO, got your token added to different exchanges.
But your new users have to got through trouble of buying eth/btc (pretty much only coins you can buy easily using fiat currencies) which they have then to deposit to an exchange where they can buy your token and after that they can send it to their account on your service.
Is it possible, for instance, to sell your token directly to users? Price can be a weighted average from all exchanges token is listed on.
Let's say you created your own token that allows users to do smth(doesn't matter exactly what).
For simplicity, we can say that it acts as a currency inside your project. You had an ICO, got your token added to different exchanges.
But your new users have to got through trouble of buying eth/btc (pretty much only coins you can buy easily using fiat currencies) which they have then to deposit to an exchange where they can buy your token and after that they can send it to their account on your service.
Is it possible, for instance, to sell your token directly to users? Price can be a weighted average from all exchanges token is listed on.
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