follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Why do companies create coins?  (Read 2179 times)

Offline sharminsp50

  • Baby Steps
  • *
  • Activity: 41
  • points:
    2130
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 25, 2021, 06:11:56 PM
    • View Profile

  • Total Badges: 5
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Why do companies create coins?
« on: March 16, 2021, 04:01:54 PM »
Why do companies create coins?

Altcoins Talks - Cryptocurrency Forum

Why do companies create coins?
« on: March 16, 2021, 04:01:54 PM »

For Monthly biddings Check Here


Offline jhm

  • Full Member
  • *
  • Activity: 215
  • points:
    8398
  • Karma: 7
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 26, 2022, 02:23:02 AM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    Second year Anniversary One year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #1 on: March 17, 2021, 07:33:27 PM »
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)

Offline sharminsp50

  • Baby Steps
  • *
  • Activity: 41
  • points:
    2130
  • Karma: -4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 25, 2021, 06:11:56 PM
    • View Profile

  • Total Badges: 5
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Re: Why do companies create coins?
« Reply #2 on: March 18, 2021, 11:43:10 AM »
thanks for your valuable info

Offline Freemind

  • Moderator
  • Mythical
  • *
  • *
  • *
  • *
  • *
  • *
  • Activity: 9321
  • points:
    337498
  • Karma: 620
  • Mixero: Privacy by XMR (Monero) bridge
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 09:42:07 PM
    • View Profile

  • Total Badges: 25
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #3 on: March 18, 2021, 11:56:37 AM »
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.
░░░░░░░░░░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░░░░░░░░░░░░░░░█████████████
░░░░░░█████████░░█████████████
░░░░░░█████████
░░░░░░█████████
░░░░░░█████████░░░░█████████
░░░░░░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
██████████████████████████████
█████████▀▀███▀▀░░▀▀▀█████████
███████▀░░█▀░░░░▄▄▄▄▄▄▄███████
██████░░░██░░▄█▀▀░░░░░▀▀██████
█████░░░░█░░███████▄▄▄░░░▀████
███░██░░░█▄████████▄░▀█▄░░░███
███░░██░░░███████████░░▀█▄░███
████░░▀██▄▄████████░██░░░█▄███
█████░░░░░▀▀▀▀▀▀██░░██░░░█████
███████▄▄▄▄▄▄▄█▀░░░▄█░░░██████
████████▀▀▀▀░░░░░░██░░▄███████
██████████▄▄▄▄▄████▄██████████
██████████████████████████████
██████████████████████████████████████████████████████████████████████████████████
.
MIXERO.IO
.
██████████████████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
..
..
..
..
..
..
..
..
██████████████████████████████
███████▀▀██░▀█████████████████
████████░░█░█▀▀░██████████████
████████░░▀░░░▄███████████████
██████▀░░░░░░░░░▀██████░▀█████
████▀░░░░░░░░░░░░░██▀▀█▄░░████
████░░░░░░░░░░░▄████▄░▀██░░███
████░░░░░░░░░▄██▀░▄██░░██░░███
█████░░░░░░▄██▀████▀░░██░░████
███████▄▄▄████▄░░░░▄██▀░░█████
███████████░░▀▀▀██▀▀▀░░▄██████
██████████████▄▄▄▄▄▄██████████
██████████████████████████████
..
..
..
..
████
██
██
██
██
██
██
██
██
██
██
██
████
██████████████████████████████████████████████████████████████████████
.
MIX.NOW
.
██████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
█████████████
█████████████
░░░░░░░░░██████
█████████████░░░░██░░░██████
█████████████░░░░░░░░░██████
█████████████
█████████████░░█████████
░░░░░░░░░░░░░░░█████████
░░░░░░░░░░░░░░░█████████
░░█████████░░░░█████████
░░█████████
░░█████████░░░██░░░░░░░░░░████
░░█████████░░░░░░░░░░░░░░░████

Offline Dreamer

  • Legendary
  • *
  • *
  • Activity: 1364
  • points:
    26693
  • Karma: 43
  • Fox Campaigns
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: October 18, 2023, 12:10:16 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #4 on: March 24, 2021, 11:54:04 PM »
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.

Offline Chiblex

  • Sr. Member
  • *
  • *
  • Activity: 555
  • points:
    9734
  • Karma: 36
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 09, 2024, 05:06:28 AM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    Third year Anniversary 10 Posts First Post
Re: Why do companies create coins?
« Reply #5 on: March 25, 2021, 03:59:58 PM »
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...

Offline smrityirany

  • Full Member
  • *
  • Activity: 234
  • points:
    9630
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 07, 2023, 04:21:04 PM
    • View Profile

  • Total Badges: 9
    Badges: (View All)
    10 Posts First Post Second year Anniversary
Re: Why do companies create coins?
« Reply #6 on: April 16, 2021, 06:58:13 AM »
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.

Altcoins Talks - Cryptocurrency Forum

Re: Why do companies create coins?
« Reply #6 on: April 16, 2021, 06:58:13 AM »


Offline Jamie07

  • Full Member
  • *
  • Activity: 183
  • points:
    6318
  • Karma: 1
  • Beyond Protocol Street Team
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 25, 2021, 10:15:13 AM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    10 Posts First Post Fourth year Anniversary
Re: Why do companies create coins?
« Reply #7 on: May 04, 2021, 01:16:39 PM »
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.
Beyond Protocol Street Team

http://beyond.link | Coming Fall 2021

Official altcoinstalks thread

Offline Sammy9ce

  • Full Member
  • *
  • Activity: 308
  • points:
    11891
  • Karma: 15
  • Beyond Protocol Street Team
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: July 10, 2023, 07:08:14 PM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Re: Why do companies create coins?
« Reply #8 on: May 05, 2021, 11:45:46 PM »
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.
█ █                 HODLΞRS NΞTWORK     │    Wallet ID Based on Network                 █ █
|   WHITEPAPER   |   TELEGRAM   |     TWITTER     |     MEDIUM     |    BSCSCAN    |
▬▬▬▬▬▬▬▬▬▬▬  ▬▬  Powered by BOUNTY DETECTIVE  ▬▬  ▬▬▬▬▬▬▬▬▬▬▬

Offline dotcoin.info

  • Sr. Member
  • *
  • *
  • Activity: 339
  • points:
    1375
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: August 25, 2021, 11:12:13 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    10 Posts First Post Karma
Re: Why do companies create coins?
« Reply #9 on: August 01, 2021, 06:40:09 PM »
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
PLASTIC
FINANCE

▓▓Recycle . Re-use . Prosper▓▓
▓▓▓▓▓▓▓▓▓▓▓▓▓▄▄▄▄▄▄▄▄▄▄██▄
▓▓▓▓▓▓▓▓▓▓▄█████████████████
▓▓▓▓▓▓▓▓▓████████████████████
▓▓▓▓▓▓▓████▀▀▓▓▓▓▓▓▓██████████
▓▓▓▓▓▓██▀▓▓▓▓▓▓▓▄▄▄▄▄▀███▀▀
▓▓▓▓▓▓▓▓▓▓▓▓▓██████████▄▄▓▓▓▓▓▓██
▓▓▓▓█▄▓▓▓▓▓██████▀▀▀██████▓▓▓▓▓▓███
▓▓▓████▄▓▓█████▓▓▓▓▓▓▓▀████▓▓▓▓▓████
▓▓████████████▄▄▄▄▓▓▓▓▐███▌▓▓▓▐████
█████████████████▓▓▓▓▐███▌▓▓▐█████
█████████████▓▓▓▓▓▓▓▄▄████▓▓▐██████
▓▓▓█████▌████▓▓▓▓▓██████▀▓▓▐██████
▓▓▓▓█████████▓▓▓▓▓▀▀▀▀▄▄█▄███████
▓▓▓▓▓████████▓▓▓▓▓▓▓▓███████████
▓▓▓▓▓▓▓██████▓▓▓▓▓▓▓▄██████████
▓▓▓▓▓▓▓▓▓▄▄▄▄▄▓▓▓▓▓▓█████████▌
▓▓▓▓▓▓▓▓▓▓▓▀████▄▄▓▓██████████
[
Private Sale is Live
JOIN NOW!
]

Offline Freemind

  • Moderator
  • Mythical
  • *
  • *
  • *
  • *
  • *
  • *
  • Activity: 9321
  • points:
    337498
  • Karma: 620
  • Mixero: Privacy by XMR (Monero) bridge
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 09:42:07 PM
    • View Profile

  • Total Badges: 25
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #10 on: August 03, 2021, 12:04:36 PM »
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.
░░░░░░░░░░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░░░░░░░░░░░░░░░█████████████
░░░░░░█████████░░█████████████
░░░░░░█████████
░░░░░░█████████
░░░░░░█████████░░░░█████████
░░░░░░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
██████████████████████████████
█████████▀▀███▀▀░░▀▀▀█████████
███████▀░░█▀░░░░▄▄▄▄▄▄▄███████
██████░░░██░░▄█▀▀░░░░░▀▀██████
█████░░░░█░░███████▄▄▄░░░▀████
███░██░░░█▄████████▄░▀█▄░░░███
███░░██░░░███████████░░▀█▄░███
████░░▀██▄▄████████░██░░░█▄███
█████░░░░░▀▀▀▀▀▀██░░██░░░█████
███████▄▄▄▄▄▄▄█▀░░░▄█░░░██████
████████▀▀▀▀░░░░░░██░░▄███████
██████████▄▄▄▄▄████▄██████████
██████████████████████████████
██████████████████████████████████████████████████████████████████████████████████
.
MIXERO.IO
.
██████████████████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
..
..
..
..
..
..
..
..
██████████████████████████████
███████▀▀██░▀█████████████████
████████░░█░█▀▀░██████████████
████████░░▀░░░▄███████████████
██████▀░░░░░░░░░▀██████░▀█████
████▀░░░░░░░░░░░░░██▀▀█▄░░████
████░░░░░░░░░░░▄████▄░▀██░░███
████░░░░░░░░░▄██▀░▄██░░██░░███
█████░░░░░░▄██▀████▀░░██░░████
███████▄▄▄████▄░░░░▄██▀░░█████
███████████░░▀▀▀██▀▀▀░░▄██████
██████████████▄▄▄▄▄▄██████████
██████████████████████████████
..
..
..
..
████
██
██
██
██
██
██
██
██
██
██
██
████
██████████████████████████████████████████████████████████████████████
.
MIX.NOW
.
██████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
█████████████
█████████████
░░░░░░░░░██████
█████████████░░░░██░░░██████
█████████████░░░░░░░░░██████
█████████████
█████████████░░█████████
░░░░░░░░░░░░░░░█████████
░░░░░░░░░░░░░░░█████████
░░█████████░░░░█████████
░░█████████
░░█████████░░░██░░░░░░░░░░████
░░█████████░░░░░░░░░░░░░░░████

Offline Oksana Ksyusha

  • Sr. Member
  • *
  • Activity: 475
  • points:
    16178
  • Karma: 11
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 15, 2023, 05:31:08 PM
    • View Profile

  • Total Badges: 14
    Badges: (View All)
    Second year Anniversary One year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #11 on: October 04, 2021, 02:59:43 PM »
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.

Offline Dreamer

  • Legendary
  • *
  • *
  • Activity: 1364
  • points:
    26693
  • Karma: 43
  • Fox Campaigns
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: October 18, 2023, 12:10:16 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #12 on: October 13, 2021, 12:02:25 AM »
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 :)

Offline Oksana Ksyusha

  • Sr. Member
  • *
  • Activity: 475
  • points:
    16178
  • Karma: 11
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 15, 2023, 05:31:08 PM
    • View Profile

  • Total Badges: 14
    Badges: (View All)
    Second year Anniversary One year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #13 on: October 16, 2021, 03:51:47 PM »
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.

Offline amzexpert

  • Full Member
  • *
  • Activity: 144
  • points:
    11008
  • Karma: 3
  • Making Impossible to Possible
  • Trade Count: (0)
  • Referrals: 4
  • Last Active: April 02, 2023, 04:55:42 AM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Second year Anniversary One year Anniversary 10 Posts
Re: Why do companies create coins?
« Reply #14 on: November 06, 2021, 05:08:38 AM »
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.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod