Why are most new tokens Ethereum ICOs? - page 3.

CryptopreneurBrainboss

legendary

Activity: 2380

Merit: 4265

eXch.cx - Automatic crypto Swap Exchange.

Quote from: squanhin on August 27, 2018, 10:06:28 AM

Hey guys! I was just curious to know why most of the tokens I've been seeing have been on Ethereum. What are the benefits?

The benefit is called leveraging. Using little or no effort to make huge profit. The ethereum blockchain has already created all the required tools to run a successful blockchain project so all you just have to do is have some few fund, idea, little or no blockchain expeeiand boom you're set to own your own coin (token).

Luckyinvestment

full member

Activity: 266

Merit: 117

Quote from: lihaidong198871 on September 04, 2018, 03:24:07 PM

As Bitcoin is the first coin in the cryptocurrency industry, ETH is the leading platform for ICO projects, they know what they must do and what changes they make to startups choosing ETH as the platform to use.

It's true but now have an another platform for similar tasks as in the etherium

SpringfieldM1A

hero member

Activity: 966

Merit: 550

Because ethereum makes it easier? I mean if you ever have seen how it works you would understand. First of all an ICO owner puts their tokens and coins into the ethereum blockchain and gives out a level like say 1 ethereum gets you 3000 of my coin, than the person who wants to invest gives out lets say 3 ethereums, and he gets 9000 of the token , so while this is not really needed it is creating a trust system, ethereum blockchain is literally acting as an escrow between the investor and the creator, that way creator gives away his tokens and investors gives the creator their ethereum.
Simple system yet incredibly effective to make sure no parties get screwed by the other side.

ovbokhan

newbie

Activity: 95

Merit: 0

I don't think there is any reason in particular, other coins such as NEO, Waves, EOS can also be used to achieve same, maybe it is easier to create a smart contract with Ethereum

graxoff

member

Activity: 448

Merit: 10

Let's see what happens. Until the market stabilizes, I have little faith in the fact that some projects will risk launching and conducting ICO. Even the mastodons went quiet and stopped posting big news.

kwabeedat

member

Activity: 308

Merit: 10

Because in this world everyone wants to become part of a project or any partnership that have an already built reputation. ETH has built the reputation already for supporting ICOs and so every new start-up would want to be on the ETH blockchain

noma45

jr. member

Activity: 538

Merit: 1

welll like the saying goes , if you can't beat them join them. The Ethereum blockchain has less fees, it's speed is nice and much acceptable by traders and crypto users.

SoftHkA

newbie

Activity: 91

Merit: 0

I think ETH is one of the favorites to make ICOs because it was designed from the beginning for it, in addition to having a completion of blocks much faster than other platforms, allowing contributions to be verified almost instantly, that avoids delays in the development of the project and in general is beneficial to everyone.

KryptoKai

full member

Activity: 630

Merit: 100

The reason is trust in the ethereum brand and the fact that the price is quite stable and likely to rise. It is superseded by much better technology in the form of NEO and now QTUM. In 2 years time ADA and EOS will overtake ethereum as well so it will not be popular for long when people start to switch

lilianalessie

newbie

Activity: 658

Merit: 0

Ethreum is most popular crypto in recenly crypto market and already it's able to grow interest to many investor and many of the investor pleased to have ethereum tokens and it's inspired ICO .

graxoff

member

Activity: 448

Merit: 10

What do you think? I think everything is due to the fact that many investors specifically bought Ethereum last year, to invest in new projects and they started from this.

Peri0n

member

Activity: 188

Merit: 10

quarkchain.io

I think this is due solely to the fact that all projects are launched on this platform. If the hype was around another project-would run on it.

The Goat Master

hero member

Activity: 868

Merit: 502

I think Etherum gives the entrepreneurs flexible platform and many ICO investor are willing to invest projects on Etherum than others. Also so many developers work on Ethereum and that makes it stronger, open for development.

CryptoAllDay

sr. member

Activity: 578

Merit: 250

Ethereum fortunately makes it very easy to create a smart contract and create your own coin. I'm guessing this is why plenty of ICOs use this as a method to secure funds, because they can receive ETH (a fairly proven technology with good value) and have the contract automatically distribute their token to the customer. It eliminates a lot of manual work.

yakushev

full member

Activity: 448

Merit: 100

Quote from: squanhin on August 27, 2018, 10:06:28 AM

Hey guys! I was just curious to know why most of the tokens I've been seeing have been on Ethereum. What are the benefits?

Simplicity of creation, it is not necessary to invent new technologies, took the ready, came up with an idea and work as a rasp and take money from trusting investors.

Vispilio

legendary

Activity: 2128

Merit: 1656

It's the most well known platform for new tokens, and the number 2 Crypto Currency in the world, so it's natural, except now that

a high number of ICO's have begun to fail, vetted and more carefully selected ICO's launched on other platforms like NEO have started to

increase in popularity.

nizamcc

legendary

Activity: 1218

Merit: 1007

Quote from: lihaidong198871 on September 04, 2018, 03:24:07 PM

As Bitcoin is the first coin in the cryptocurrency industry, ETH is the leading platform for ICO projects, they know what they must do and what changes they make to startups choosing ETH as the platform to use.

Honestly, it's a mystery to me, too. Apparently flies just smell that came from Ethereum and decided for him to fly. To my mind it's true story.

lihaidong198871

sr. member

Activity: 532

Merit: 250

As Bitcoin is the first coin in the cryptocurrency industry, ETH is the leading platform for ICO projects, they know what they must do and what changes they make to startups choosing ETH as the platform to use.

Luckyinvestment

full member

Activity: 266

Merit: 117

Quote from: Anna Borisovna on September 04, 2018, 07:23:16 AM

ICO on Ethereum are considered safer. And Ethereum Technologies has ready tools for conducting ICO, problem-free collection of money
Ethereum offers a standardized way of creating new tokens on its own blocking system - using the ERC-20 protocol.

I dont think that on Ethereum are considered safer. Just before there were no other platforms on which it would be possible to implement what can be done on

Luckyinvestment

full member

Activity: 266

Merit: 117

I think we will see soon a lot of new tikens on the different platforms like XLM, EOS, ADA.
But on ADA it will later

Topic: Why are most new tokens Ethereum ICOs? - page 3. (Read 1943 times)