Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: sharminsp50 on March 16, 2021, 04:01:54 PM
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Why do companies create coins?
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Variety of different reason. Example: Facebook & Libra, capitalise in their own system. Main purpose of an ICO launch is raising capital, furthering a project's development. If it does well, the coin goes up, as a reward, most don't. ICO founders, exchange owners, market makers, are the ones who do well (often)
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thanks for your valuable info
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Companies create coins/tokens for numerous reasons. Having sufficient funds for a product or project they are creating, having security funds in case of financial problems, buying other companies with more capital than other rival companies... It's almost always about increasing business volume and expanding.
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I think it depends! Maybe each company has its own rules for creating coins, but most of them are creating coins because they need to use them in raising money for their companies. And that is why most companies will run an ICO before the official coin launch.
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My opinion maybe that it is more about the product, they bring up the products of the company and each company also offers different products, and all that is done regarding the production is to increase or earn profit and to develop their company... every company is competing to make a product from their company that is useful for many people and can attract more people to their products...
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Many companies are creating different coins in the market. They are creating coins for their own purpose ; because they are launching very big big project in the market and they need to invest huge amount of money. They have many reason to introduce varieties of coin. Mainly they creating coins to maintain heavy money follow for their investment.
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Creating coins can be just their way of collecting funds to build the company or if the company already exist it may expand their operation which comes back on collecting funds again. I guess its hugely because of monetary why companies venturing on crypto . A fast and easy way to introduce your company to strangers.
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Is just like saying " why do we start up a business". We both know the aim is to make a profit. Now for the companies, I'll say they create coin not for only the profit but to become famous. The more people know your company the more customers you get and don't think this is a simple responsibility any successful company with its own token deceive a medal because the backup and consistentency kept them where they are.
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Why do companies create coins?
As I understand it, companies create their coins while it costs nothing, then by their work they raise the price of their coin and bring it to the exchange in order to trade and earn a lot on it. I believe this is an alternative to stocks for companies operating on the Internet. time does not stand still, progress is ahead, you need to keep up with it
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As I understand it, companies create their coins while it costs nothing, then by their work they raise the price of their coin and bring it to the exchange in order to trade and earn a lot on it. I believe this is an alternative to stocks for companies operating on the Internet. time does not stand still, progress is ahead, you need to keep up with it
I don't entirely agree with what you said. It is true that anyone can create a token on the chain of BSC, Ethereum or Tron, which costs nothing, the challenge comes later. The really difficult thing is to give value to the coin/token that we have created, make it have a use case, make it have acceptance by the community and users, that is the difficult thing. Without that, we would just have hundreds of worthless memes.
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Hi to everybody. First of all, it us a good way to raise funds, so it is a way to attract investors in your business. Besides that cryptocurrencies (coins, tokens) are decentralized.There is no one center.
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Different reasons! Some companies will create their own coins to fundraise for their company projects, some companies will create tokens for selling their services (utility tokens), some companies will create reward tokens like Steem social networks, and so on. So every company has its own reasons, buddy :)
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Companies create tokens to raise funds for future development, for the development of the platform, for the development of new directions, for the introduction of innovations, for generating additional income. For example it may be ICO or launchpad.
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I do not know exactly that who they make their own coin. But I have some information that if a company wants to make a coin then he has to follow some steps like.
Know your use case
Choose a consensus museum
choose a Platform
Design the nodes
Establish the Blockchain internal structure
There are a lot of steps like this if a company wants to make their own coin.
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I had read a article about this because I was also curious about it. The companies are creating their own coins because they have raise their own projects and funds and like this they get progress.