Topic: Shitcoins are apparently more important then real world value (Read 206 times)

See you are deeming clout and passing fads as revolutionary. Attention and skyrocketing value is not an indicator that something is revolutionary. The NFT trends do bring something new to the table, but they could not considered revolutionary. real-world asset tokenization would not bring any value if the fundamental of the growth is merely fueled by large funds and celebrities, not an inherent value that people perceive it useful.

Revolutionary things are like what bitcoin offers to the space. Not chased by clout, not a passing fad due to its long history of its conception and how it's going till today.

Moderator is right in moving your announcement in the token section because you have this Believe us moderators have encountered thousands of tokens and altcoins and they know how to differentiate between tokens and altcoins why are you bothered on where to put your announcement you should be bothered if your project is getting bad feedback and people think its another shitcoin, develop your project's potential and your community and not where to place your announcement.

I agree with you that the article needs to be in line with the forum's guidelines. Perhaps he hasn't read the forum rules. I'd like to add that if you say tokenizing real-world assets is not revolutionary, then how do you define a revolutionary project? Do you think it's one that garners a lot of attention and sees a skyrocketing value for its tokens?

And you should remember that all trends in the market are created and hyped by market makers. The NFT trend of 2020-2021 and the NFT projects that followed had years of work put into them. Okay, anything can happen, as long as there's an opportunity, real-world asset tokenization projects can experience exponential growth when large funds and celebrities get involved.

Base on the current situation of market price of alt-coins are depreciating as bear market results, which many other alt-coins turn to shitcoin and is more profitable to invest on shitcoin, which a click of hype in that particular project, the value appreciate unbelievable.

Well I would appreciate if you would look at the point being discussed before commenting..

Regarding decentralization please note that project infact is decentralized and $RWA token is locked and will be distributed equally according to that, So the platform will infact be free and not controlled by anyone

As for compliance with KYC and AML laws it cannot be avoided especially when dealing with real-world assets. These regulations are in place to protect the interests and rights of all participants in the ecosystem. So in order to protect and enforce ownership rights any platform who will work with real world asset will need to comply with these laws..

Hi,

Here is the project link:

www.assetx.network

Ownership rights can be technically and legally transferred to a token, so whoever holds the token or a part of the token is the rightful owner, and every transaction is verified and visible on the chain for everyone to see.

However, the main issue here is trust. How would you know that a token you are trying to own is really backed by the real-world asset it represents? Anyone can mint a token and claim it has ownership rights.

We are addressing this issue through reputable asset managers. This industry already functions because of asset managers who hold and maintain assets on behalf of owners. This is what has enabled BlackRock to manage 9.4 trillion dollars in AUM, which is far greater than the largest company in the world today.

We aim to build a trustless system where these asset managers, asset owners, and investors can come together in one place to gain value.

There is a lot of room for growth in this industry, as it is expected to reach $5 trillion by 2030. We are currently at a very early stage, and the project does require a lot of work. We are doing our best to make it successful. But we wont be able to do that if nobody knows who we are..
I mean you look at it, this post titled shitcoin has more views than the announcement itself, which was moved to a child board.

Our announcement link
https://bitcointalksearch.org/topic/m.62848837

It got 70% of the views in just 3 hours on main announcement, then the rest 30% took 24 hours since we were moved to a child board

Projects that capture value in the real world are nothing new. Honestly I haven't looked at the altcoin bulletin boards. If you wish, you can send your project link to me. I'm quite open to new projects and I'd like to see how you would realize it.
As NFTs hit the trend in 2021, many projects with real-world value concepts emerged. It is like an nfts but becomes a form or certificate of ownership for a real world asset. The project was unsuccessful because there were still so many security holes and people wouldn't believe it could guarantee/certify their real-world assets.

There's no real world value in your project, if you say Announcements (Altcoins) are full of shitcoins, then your project is a shittoken.

Your project create a token where doesn't have it's own chain, you're using Ethereum network which obviously it's a token.

Stop using decentralized terms when your project are centralized because you're complying AML and KYC laws, in decentralized world it's free and not controlled by anyone else.

The question here is not whether the moderator was right or wrong. The question is why this section has been set up like this.

The important thing for us right now is exposure, as we are trying to build a community and fundraise, and Bitcoin Talk has huge daily visitors.

I have been visiting Bitcoin Talk for years to check and get updated on new project announcements, and never have I clicked on the button that said ''Child Board / Tokens (Altcoins)'' after visiting the announcement page. As is apparent by the low number of views in that section, most other people do the same.

The most visited page on Bitcoin Talk is 'Announcement (Altcoins)'. It should be open for each project that is announcing, and if you do want ''Tokens (Altcoins)'' to be in a different section then put such a button on the main page along with the regular announcement.

Most people are here to learn about new projects. It is not wise or correct to put some projects in a corner where nobody can find them.

There is no bias with that OP and the mods have their right to assess whether it's for the tokens or the announcement of altcoins. I think what is important here is to prove your project that it is worth it and you're working hard on it rather than where it is being moved for its category in the section that you think didn't fit it. Well, if you want to make an appeal, the steps were already mentioned to you. But as I've said, you better work on it instead of being bothered about the section where it is moved by the mods.

I mean if you are announcing token here in which deployed on top of other blockchain like EVM then it definitely belong to token section, I might be wrong but altcoin usually are for those L1 coins with their own blockchain whether it's smart contract based blockchain or just ordinary blockchain.
the other that just deploying ERC20 protocol smart contract are definitely gonna be placed in token section and there's nothing wrong with it and in my opinion both section just as good.
I think if you are eager to not get your thread moved to token section you should make L1 blockchain instead.

If you want to propose new forum changes, you're welcome to do so in Meta section.  Like I said, the forum is the way it is because it has gone through several iterations – A lot of trial and error to figure out what works and what doesn't.

Again, Since the underlying platform your project is based off of is an EVM blockchain, then it is inherently referred to ask a token.

Reference: https://eips.ethereum.org/EIPS/eip-20

Yes the platform isnt perfect, the categories of assets we will offer is not finalized yet... But concept is solid and it will work I can promise you that.

I also agree a mere token transfer is not a comprehensive solution. That's why we're working on implementing mechanisms that ensure legal recognition and enforcement of ownership rights, it is very much possible. We have done our homework before venturing into this.

As far as serious players in the field, BlackRock the biggest asset management company in the world is very bullish on tokenization along with others, You should learn about this more.

I agree the project needs fine tuning but the vision is 100% achievable with the technologies available today.


I agree with you; Moderators might have done the right thing, but ask yourself, was it the right thing to do?

Ideally, the layout should be like this:

New tokens in the main section
and then
New coins (as new coins will not change the world; new projects and new use cases will).
Moving new projects into a subcategory just feels cheated.

I should just get back to working on my project, instead of arguing about improving this platform..

You keep following the same stuff, Satoshi is proud and its still 2010.

Cheers


 

This paragraph is responsible for moving your thread from Meta to altcoins discussion. You should just rise a question without introducing your project and I hope your thread will not moved and you will get appropriate answer too . Before blaming moderator kindly first check your post for any mistake.
Every ANN thread is placed to right spot. Moderator know well the right place of each ANN thread. You are working on own Blockchain or just like other projects? vv181 said right, your project is just a token like other and it's deserve to be place in only sub category.

What was the last great thing that you have built? I would love to see one. If you have not, then you really have no right to make remarks on others' hard work.

If you are such a great, old user of this platform, why not improve it a little?

This world doesn't need another coin. It's already been developed; it's called Bitcoin.

The main announcement thread should be for new tokens (projects), and the sub-category should be Coins. I'm sure it has not been changed for ages

Yeah it's a revolutonary idea, but how are you going to crack it when there are bunch of geniuses that have been working years on this to create suitable tech? Tech that isn't even ready yet. Generic ERC-20 token is not going to solve the regulatory issues, nor it would attract any serious players because you can front run those tokens.

Also Physical ownership rights won't transfer by moving some erc-20 tokens. There's no court in the world that would back up those pseudonymoys deals, Permissionless token is not a confirmation of legal ownership.

I see there are also bunch of stocks in your web page, on "create your own asset portfolio"

If you are just offering synthetic stocks to trade, there's nothing revolutionary about that. People have tried that for ages and it doesn't even serve any good purpose as you are not trading real stocks. Also CEXes got in trouble by doing that.

If there are no rules and order, everything will most likely go haywire very quickly. Your project announcement thread is exactly where it's supposed to be:



Even if you leave out details about your token/token metrics, it would still be categorized under tokens since you're obviously building your project on an EVM-chain.

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We've had thousands of project founders come to the forum with promises but afterwards, things take a very different turn. No brainer with this one. No offense.

Ironically this thread was posted in Meta, It was moved here by a Moderator.

Regarding your point, I acknowledge that tokenizing real-world assets isn't a completely novel concept. However, the question remains: has it truly been executed effectively? I'm determined to achieve just that. Let's channel our efforts towards leveraging technology for the betterment of the world, rather than merely chasing the latest fad or trend. I believe you are currenty working with AI.

Whats absurd is that what is accepted in the project announcement section and what is not. I don't care if it was categorized as a token or a coin. If all those projects with no utility can be allowed to be noticed in the Main Announcement section, then mine should be as well. I don't need a lesson from you about the difference between a coin and a token

Here are the things.

Tokenizing real-world assets is not a brand new thing, other also creates it. So it is not revolutionary. Second, this thread also is on an improper board (Altcoin Discussion) and should be on Meta. Lastly, your thread does belong in the Token section, not on Announcements (Altcoins). Moderators have done the job. Please read the board description, and also, your project was not categorized as a coin, but a token. Would be absurd if you do not even understand that.

Hello everyone, I am the founder of AssetX, A project that aims to tokenize real world assets using blockchain technology. I believe that this is a revolutionary idea that can create a positive impact on the world by enabling more transparency, efficiency, and liquidity in the asset markets.

However, when I tried to share my project with you on Announcements (Altcoins), it was moved to Tokens (Altcoins) subcategory, I removed all details of the token and just posted about my project, Which was then again moved immediately even though I did not mention any details about the token. I contacted the moderator, but I did not receive any reply.

I am wondering why this happened. Is it because blockchain is only for meme and shitcoins? What about the projects that want to use this technology for good? Don’t they deserve more attention and support from the community?

Our [ANN] https://bitcointalksearch.org/topic/annrwa-assetx-worlds-first-tokenized-asset-exchange-5466874