Why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line not conduct ICO?

Arkann

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Quote from: TrevorS on March 03, 2020, 05:01:33 PM

The reason is not only in the existing popularity. Think for yourself, these projects are aimed at making a profit, maximizing profits is their most important goal.
Obviously, an additional fundraiser will bring even more profit to these companies. I am sure they would do it with pleasure if they could.
But holding such adventures can badly affect the company's attitude on the part of people and also attract the attention of regulators who can fine or prohibit fundraising,
which will lead to a fall in the shares of these companies, which they simply cannot allow.

I can’t understand what tokenization can give to such popular instant messengers? At least for today they work well using other currencies to provide services to users. Nevertheless, they can implement the use of rating cryptocurrencies and do not necessarily have their own.

FanatMonet

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Quote from: TrevorS on March 03, 2020, 05:01:33 PM

The reason is not only in the existing popularity. Think for yourself, these projects are aimed at making a profit, maximizing profits is their most important goal.
Obviously, an additional fundraiser will bring even more profit to these companies. I am sure they would do it with pleasure if they could.
But holding such adventures can badly affect the company's attitude on the part of people and also attract the attention of regulators who can fine or prohibit fundraising,
which will lead to a fall in the shares of these companies, which they simply cannot allow.

For example, if you take WhatsApp, then it belongs to Facebook, and as far as I know, Mark wants to add some kind of coin to Facebook, and I think that after that he will be able to add it to WhatsApp. Therefore, there is absolutely no need for an ICO for WhatsApp.

TrevorS

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The reason is not only in the existing popularity. Think for yourself, these projects are aimed at making a profit, maximizing profits is their most important goal.
Obviously, an additional fundraiser will bring even more profit to these companies. I am sure they would do it with pleasure if they could.
But holding such adventures can badly affect the company's attitude on the part of people and also attract the attention of regulators who can fine or prohibit fundraising,
which will lead to a fall in the shares of these companies, which they simply cannot allow.

FanatMonet

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Most likely, these campaigns are simply not interested in this. And personally, I don’t see any urgent need for them in this. All of these messengers are self-sufficient and do not need to quickly raise funds through IPO / ICO, this is needed more by companies that are just starting.

thesmallgod

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I am sure you know most of these social platform you listed are own by individual and group of people that have clear understanding of the potentials the projects have in making life comfortable for users and if they have not seen any reason why they should introduce a coin as a payment processor, I do not think they will. For instance, the Libra coin which has been widely speculated last year have not been into the market up till date. This might be because Facebook have seen reason why they should not proceed with the coin especially when there were rumour that some giant Facebook affiliates are not backing Libra

frank0ly

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Because not all social networks and instant messengers have the ability to work with the cryptosphere. In addition, everyone has their own plans and vision for the future of their company and application. That would be nice, because the more cryptocurrency ads, the better. But I mean that if they do not do this, then there are reasons for this. Because large companies will never miss the chance to earn more money.

olumyd

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Quote from: Tory-Tory on June 29, 2018, 04:12:42 AM

What do you think why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line have not yet launched their crypto platform?
But Kik and Telegram did it.
After all, companies can get 2 huge pluses:
1) to collect a large amount of money for ICO
2) add hype to marketing and popularity among users.

share your opinion

For the most obvious reason - regulatory uncertainty. And besides, there is a one size fits all for companies to grow, whether financially or in user counts. But I think it's a bad idea for them to go adopt an ICO, look at the level of scrutiny telegram is going through right now. This may in fact make the others completely wary of the crypto or digital asset space for now.

johnwest

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They dont understand the advantages of the crypto, also why will you implement a whole new technology if you are getting the investment in conventional way.?
Small organizations may do it but why are we expecting applications like Whatsapp and WeChat or SnapChat will do this..? They are already an established entity, they feel the governments will start tagging them if they use crypto and get investments like ICO's.

Kimonoe

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Quote from: Twentyonepaylots on January 28, 2020, 01:10:03 PM

Quote from: GideonGono on December 27, 2019, 02:26:29 PM

Quote from: Tory-Tory on June 29, 2018, 04:12:42 AM

What do you think why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line have not yet launched their crypto platform?
But Kik and Telegram did it.
After all, companies can get 2 huge pluses:
1) to collect a large amount of money for ICO
2) add hype to marketing and popularity among users.

share your opinion

I think because they are already popular and they don't need to use some fund for that because they have the sure and they have their own strategy to market their apps. As I see, upcoming project will be on ICO to promote it also to have a potential investor who believe on their project.

This will cause a negative feedback on their end to add up. We all know people don't like no ads on their stuff. And offering cryptocurrency based on their favorite apps will make the user feel like the people behind this is trying to rip them off of money. Aside from that, cryptocurrencies are no get rich schemes, they wouldn't want to take the risk of getting a separate department on their team that will handle the crypto business.

the application is deliberately not making ICO, of course there are separate considerations. if advertising is used too often, it will certainly make customers uncomfortable, so it will have an impact on their business. maybe this thing is separated between the product and its stock, so it can work well

Twentyonepaylots

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Quote from: GideonGono on December 27, 2019, 02:26:29 PM

Quote from: Tory-Tory on June 29, 2018, 04:12:42 AM

What do you think why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line have not yet launched their crypto platform?
But Kik and Telegram did it.
After all, companies can get 2 huge pluses:
1) to collect a large amount of money for ICO
2) add hype to marketing and popularity among users.

share your opinion

I think because they are already popular and they don't need to use some fund for that because they have the sure and they have their own strategy to market their apps. As I see, upcoming project will be on ICO to promote it also to have a potential investor who believe on their project.

This will cause a negative feedback on their end to add up. We all know people don't like no ads on their stuff. And offering cryptocurrency based on their favorite apps will make the user feel like the people behind this is trying to rip them off of money. Aside from that, cryptocurrencies are no get rich schemes, they wouldn't want to take the risk of getting a separate department on their team that will handle the crypto business.

USBitcoinServices.Com

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Earn bitcoins every hour: USBitcoinServices.com

Those companies will join or buy an existing blockchain project and use them or they might join forces and create their own blockchain.

Once the crypto boom gets here they will hurry to act! it seems that many of them are busy doing their centralized business yet, stealing from weak-minded people!

iv4n

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Quote from: atjiat on January 16, 2020, 02:36:13 PM

It seems to me that the main problem for using your own cryptocurrency, as well as for its creation by the mentioned social networks and messengers, is difficult due to the lack of legalization of cryptocurrency. Since these resources operate legally, in order to use cryptocurrency, these resources must have real government approval.

To say it like this, every business is subject to various state and local laws and regulations related to employment, intellectual property, insurance, and many other matters. To not go further, we can but there's no point, companies need to operate by these laws and regulations, they can't change the way they work to crypto and to not broke a law, simple as that.
In my opinion system is broken a long time ago, and we need to change systems. Crypto is regulated by some other laws, and instead pushing for legislation of crypto, and more regulations of crypto, we need to work for crypto to take over current system!

atjiat

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It seems to me that the main problem for using your own cryptocurrency, as well as for its creation by the mentioned social networks and messengers, is difficult due to the lack of legalization of cryptocurrency. Since these resources operate legally, in order to use cryptocurrency, these resources must have real government approval.

tinyblue

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The idea of every freaking company creating their own crypto is disgusting and would kind of lead to a bubble and over saturation. They don't need their own coin.

travwill

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Why would they conduct an ICO if they already have the means and the audience?
I think this doesn’t make much sense. It is much easier to create a new product that will be useful for users of this platforms.
It is enough for such projects to create a currency within their platforms so that users would gladly buy it.
The question here is the advisability of creating such a currency. As I said, ICO makes sense for new projects that need primary capitalization for their own implementation.

Aricoin

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github.com/AricoinCurrency

Quote from: Tory-Tory on June 29, 2018, 04:12:42 AM

What do you think why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line have not yet launched their crypto platform?
But Kik and Telegram did it.
After all, companies can get 2 huge pluses:
1) to collect a large amount of money for ICO
2) add hype to marketing and popularity among users.

share your opinion

Viber in talks about launching Rakuten - delayed due to regulation.
WhatsApp 'from' Facebook, so that falls under Libra - delayed due to regulation.
Microsoft owns Skype and they are developing a lot of blockchain tech
Line have launched a cryptocurrency - delayed due to regulation.

Essentially, in every case they are interested but are being set back by regulatory issues.
Microsoft has the smartest approach, build for other people and develop in-house tech so there is no financial regulation to deal with (yet, until rules are set).
They are all huge companies so can't take shortcuts to bring cryptocurrency to the general public.

Aricoin on the other hand has much more flexibility in bringing cryptocurrency to the people as it allows you to pay anyone with a social profile URL. Instantly opening a payment channel to billions - https://bitcointalksearch.org/topic/ari-aricoin-2021-909186

diazepam666

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Please go and check the share partners and decision makers of this companies. They are the giants in centralised market and most probably they will not come inside the group industry due to they were not aware of the technology or no plan to come over the decentralized marketplace.

GideonGono

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Quote from: Tory-Tory on June 29, 2018, 04:12:42 AM

What do you think why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line have not yet launched their crypto platform?
But Kik and Telegram did it.
After all, companies can get 2 huge pluses:
1) to collect a large amount of money for ICO
2) add hype to marketing and popularity among users.

share your opinion

I think because they are already popular and they don't need to use some fund for that because they have the sure and they have their own strategy to market their apps. As I see, upcoming project will be on ICO to promote it also to have a potential investor who believe on their project.

meliodas

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Quote from: Aying on December 27, 2019, 06:33:42 AM

Quote from: Jocuserious on December 23, 2019, 02:26:33 PM

No needed and telegram is enough because real project never want scam so their want market run with more customers. Basically if their have good activity in telegram Facebook and Twitter Ann thread then everyone customers will take support easly.

Indeed. also, they already popular so there are no reason they conduct ICO or IEO. their coin will also useful than other new comer crypto projects, people will have interest and invest without doubt that the project they invested will going to scam. it's right also that social media platforms is enough to spread their coins. in future people will easily support it without that marketing ICO strategy.

It is unnecessary for those companies to make their own coin because it will be redundant for the use of other currencies like dollar and bitcoin. We already have coins that can be used as a payment in different platforms even in social media. They should put their attention in innovation and making people's lives easier rather than creating their own coin.

Chrystora123

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Omicron is another FUD

Quote from: Tory-Tory on June 29, 2018, 04:12:42 AM

What do you think why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line have not yet launched their crypto platform?
But Kik and Telegram did it.
After all, companies can get 2 huge pluses:
1) to collect a large amount of money for ICO
2) add hype to marketing and popularity among users.

share your opinion

This topic has long been made but I just saw.

IMO.. which led to large applications as you have said (WA, Snapchat, IMO and others) to date have not issued their own cryptocurrency is because of legal issues. These big companies are very obedient to the rules issued by the United States government, but in the future, if the US government no longer bans cryptocurrencies, I am very sure they will issue the cryptocurrencies of their own products.

Topic: Why Viber, WhatsApp, skype, WeChat, Snapchat, IMO, Line not conduct ICO? (Read 709996 times)