Bitcoin Forum

Hi guys!

I have a platform with about 3000 bloggers. All bloggers and users earns token when they create posts or commenting other topics.
My users are young girls between 18-30 years old and they do not know anything about token or crypto.

Everyday, companies have contacted me and want to advertise on my platform, but I have declined their offer.
We have some great blogging functions that connects influencer and companies in a good way, thats why they are contacting me.

I want my user to convert their token to US dollars on my platform and give them real money becouse they are not doing anything with the tokens they earn.

What should I do with all the tokens I collect from the bloggers.
My token is not available in any exchange and I have about 1 050 000 000 tokens which is almost the Max supply.

Do you have any advice?
Is there any potential future on my platform / token?
Should i do an ICO?
Should i try to get listed on some exchange?


Thanks in advance

In my humble opinion you have two ways about:

- You don't have to use crypto at all; You will need to adopt a gamification approach where at certain milestones you gain or you unlock more features on your blogging platform. This is good because you don't have to invest in running and ICO and get going with what you have.

- If you decided to incorporate a steemit like approach you will need to consider many aspect one of which is preserving the value of the token and the price hold. Basically the economics to it.

My point is you need to set a clear goal as to where you want to position your blogging platform. Clear goals will reveal the answer as to which to opt for.

Your goals should be obtained from the problem you are trying to solve. I mean there are many blogging platforms out there; why yours?

Projects sometime make it hard for them self with all the new tokens.
Why not use Litecoin, BitCoin and Ethereum? Take payment from companies (maybe with interface using usd), Take your fee, Send rest to the girls.
Or use paypal and FIAT.
Or https://bitpay.com

Thank you for your opinion, I really appreciated.
The reason why my user use my blogging platforms is that I give all blogger a fair chance to reach out to the audience no matter how many followers you have. Every blogger earns equally on my platform. I do also have a Upvote function so the only advantage of having big audience/followes is that you get many upvotes and every upvote gives you some tokens.

One of my goal in this project is that companies open their own vendors/webshop on my platform and sell products. The blogger can promote products and also buy those products whit the token they earn. All user whould be able to buy products with my tokens.

Well in my opinion, you have the perfect thing an anyone can have, you just need to do the following things:
- List your tokens on Exchange (with this the value of token will increase and more traffic will be there on your platform to get your tokens otherwise there will be no benefit of building up of tokens)
- No need of ICO

Rest, I can provide you more good advise on it. Please share your platform link and you can reach me out at:
- Telegram:@arunsachdeva
- LinkedIn:https://www.linkedin.com/in/arunsachdeva/
- Email: arun@revinfotech.com
- Skype: mvteams1

Hope to hear from you soon with a positive response.
Thanks and Regards,
Arun Sachdeva

Hi Arun.
Thank you for your reply and advice.
My main problem is that my user (influencer) are not interested in crypto so if I offer them US dollar and buy their token. What should i do with the token i buy?

Best regards

You can allow advertising customers to buy your tokens, you will receive crypto/fiat and give that reward to your blogers.

Thats one of the options i have been thinking, but iam not sure yet.
Thanks for your advice :)

If your token is not listed on any exchange then is has no value. Earning through blogging has been here since I joined as a freelance around 9 years ago so yes, there's still a big future ahead of us. To get exposure, you should really go for an ICO but it involves a lot of money to begin with, are you willing to get the ball rolling? I don't have figures as what month an ICO project cost, what I'm trying to drive out is that there will be money that you are going to shell out. Of course the last resort should be the listing on a exchange so that its can be trade and profit for you and your blogger. But first you need to answer if you have the budget to promote your platform as ICO. Goodluck to you.

However exchange will be needed to convert your token into fiat money then your token will have real value, or another way is following steemit which directly give users by fiat. While your platform doing that, it is better to introduce crypto around your platform if now your community don't want it perhaps they don't know crypto as well. Introducing and teaching them is important, how is the speed it is depending on the situation. I think you know better your community situation of introducing speed and intensity.

I really can't understand, why this project needs tokens, cause, it is really simple to make token on your project only (right now), but is it story for worldwide?
Why you think, that it need ICO ?

If your audience, and your bloggers, are both not interested in crypto, then there is really no need for you to explore crypto/ICO/blockchain options. You mentioned that you already have tokens, you own most of the supply (I don't really understand this part, are you saying that you actually own/have a blockchain already?), then all you need to do is issue the tokens as payments, which can then be redeemed centrally through your platform for a dollar value. You can set this value to be fixed to make things simpler (I suspect that IS simpler).

No need for exchange listing, no need for ICO, you already have the product and the model doesn't have to be blockchain outside of your own management of tokens.

they're not doing anything with the tokens because you don't provide any use for them
you need to implement and incorporate the tokens to some parts of your platform

That's the ONLY option you have right now.
you need to generate some money to be able to give/distribute/offer some money to your users
unless you want to pay them out of your own pocket and go bankrupt in no time :P

concentrate on these two ideas and built the system on your platform to make them work with your token
when you have your own token, you need to decide its main purpose or usage
then you need to think the basic economics to make your token becomes valuable
from that point, you need to maintain your platform for continuance of token use

I'm curious, how do you finance your platform? how do you pay bill and expense for running the platform all this time?

If you get up to the idea of promoting your project through advertisement I suggest you to contact manager yahoo62278, He is a professional advisor when it comes to crypto industry, He likes talking to people with serious project that has a potential to help individuals.

To all of you, thank you so much for your opinions and advice.
I will wait a little with this project and review your feedback. I'll also look around with some exchange. But this will happen in a couple of months

If I get listed on any exchange i will send you guys 100,000 tokens as thanks for your feedback. :)

ibininja
JanEmil
arunchain
aivanouski
Reatim
hurry_hore
cashberycoin.com
buwaytress
Thirdspace

Cool!
how can i received my tokens? ))

At some point, people will get tired if they cannot turn what they earn into money. The reason why I don't play game of points is because every amount acquired is just dummy and worthless afterall just some imaginary riches. Imagine what would happen to your platform if it can afford people the opportunity to change into something worthwhile.

My advise, I think its time to start opening up to other things that are about moving to the next level. When it get to certain point even your dream can be too big for you alone to carry that you have to bring in new people and that is the stage you are now for you to have garner such amount of bloggers on your platform.
One you need to start accepting those corporate organisations ready to advertise but rather than collecting money for the space, try something like partnership in that instead of them paying you, let them have a market place where those token holders can use their tokens in addition to some amount of dollars to buy on your advertisers site. Doing this will save you a lot of trouble of managing financial laws of having to convert tokens to money, and again the companies approaching you gets what they want which is publicity everybody wins.

Allow me to summarize the OP: You made up a token out of thin air, have 1.05 billion of them, and give them away to 3000 people who know nothing about cryptocurrencies. And they pretend to be girls (lol). Please correct me if I'm wrong.

You can't just create a token and expect it to be worth anything.

If you want to pay your users, you'll need to earn something real first. Advertising can do that, if you start accepting offers. Be careful who you choose though, I've seen many sites advertise scammy ICOs lately.

No. Tokens in itself are worthless. What you have is users, users are valuable, but why would you want your own token?

Prepare for massive spam and plagiarism if you start paying them :(

And even listing it on an exchange doesn't give it value out of thin air.

As far as you are receiving offers for advertisement on your platform I think what you can do is to accept an offer and then distribute the money they pay you, BTC, USD or whatever, among your most active bloggers accordingly to the amount of tokens they have. Thus your tokens will start having some real value and maybe in the future, if your platform becomes very popular and good paying advertisers will be willing to deal with you, the value of your tokens may even start to rise.

If I were you, I would accept advertisement offers from those companies. Your coin has no value + it's your own creation so I can't ubderstand how do you collect your own coins?
It's bettee foe you to collect finances and develope or do other things because creatinf ICO is hard alone and you need to meet developers, pr managers and etc, so it needs even more finances.

I think that best decision - is to create tokens on blockchain - NEO or Etherium, make some promotion and list this tokens on Exchange. I think that you should just issue tokens, but ICO it is not good idea. It will be very hard to find investros.

First of all,I'd ask that what was the essence of the token you award to the writers? Does it have any specific value to them- I mean you created that with the aim of making it a cryptocurrency one day or you just created for fun (as in what we get in games and other imaginary treasure hunts).
Well if the former is your reason, then I suggest the 'steemitlike' method of payment. That makes the tokens more valuable and users can actually get real money from that. And yeah! you'll need to list on an exchange but first have a definition (i mean motive for your tokens) and it might interest others to join. As for ICOs, I won't advice you to embark on one, but hey you can start one if you think you will have a good project to embark on

if you read and followed the discussion, it's apparent that the token is already created/issued and almost fully distributed
his core question was about how to make his token to have some value and turn into $ for his platform users
solution is actually pretty simple, by understanding the use of token and basic economics behind it
which seems was missed out (neglected) during creation or introduction of that token to his platform

I had some reasons why I created these tokens.
1. To learn more about crypto development because I'm a developer, I wanted to increase my knowledge.
2. I wanted some kind of merit system that shows visitors how active a blogger is.

So, what about my suggestion above? I think that way you can end up with your token listed on exchanges even without your asking them to. But first of you will need a good monthly income from advertisers and that depends on the popularity of your platform. You have never mentioned the name of the platform, by the way. I  would like to take a look at those blogs if possible.

Maybe you're underestimating the willingness of people to simply earn tokens and numbers in the hope that one day they strike it big. It doesn't help when we've had tokens like Nano (mrai/xrai or whatever it was called) easily "earned" at one time and then just spike in value making instant millionaires for a few. I was guilty of it myself in the very early days, faucet hunting when I was learning my way around, those numbers had a way of making me feel rich. All imaginary, as you said. But then we have had examples like the one I mentioned.

But yeah. People need to create value, and useful value at that... they don't realise it yet, or maybe never will. But as long as there will always be examples of the points game making it big, people will refuse to change their dreams.

I would convert your special tokens into tokens on Ethereum of Waves platform, to make things easy and more transparent, but it's not the only option.
Then you can do something like certain advertising rights cost a certain number of tokens (you have to make clear rules).
At the point there's liquidity (money from advertisers) you can buy back tokens from the publishers for real money.

Just if you work yourself with money you may have to become a financial institution under more strict rules (I am not sure, just thinking); or you can check the sites where people sell pictures/photos and the way they handle the money.
Even if you'll make a crypto token, you'll have at first to take a closer look at the price, else everybody will sell low and you'll end up with too many advertisers.

And you'll have to start paying the publishers only based on how much your platform earns from them (or the potential of earning from them).
And yeah, prepare for spam and rules broken/bent.

come to the question creatively. you can make a very cool platform. you can make your followers get paid and you have received the enrichment for the use of your platform. similarly, you can invite people to assemble a pool to participate in pre-ICO .

Let them swap/convert your tokens to one self created token within the Ethereum chain.

Calculate how much you need for future purposes by calculating the potential growth.
10 billion+ tokens?

And if you really want to maximize this concept, make sure you get listed and make the token exchangeable.

Hi guys.
I have summarized all your ideas/advice and would like to thank you for your answers and advice. I have now expanded my team and also talked with an adviser. During the next month, we will structure the whole concept.

A pre-sale for our token will be performed.

We will develop a new version and also a mobile app for the platform and a mobile wallet for our user.

Since i am a new member i can not send private message to some of you.
I promised to send token to you who answered this topic, so please send me a private message with your Eth address.

Best regards