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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: abhishektopu on October 30, 2020, 04:02:08 PM



Title: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 04:02:08 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?


Title: Re: Can i Link Crypto to Construction Business
Post by: Rodeo02 on October 30, 2020, 04:11:21 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?

It will not .what will be the use of your tokens if you plan to make  your own ? Would you also ask investors that's why you want to make your tokens or project that related to construction?

How you plan to give interest to your investors ?
because there are projects that are just looking for investors. and once they get the investment they leave. Is that your plan as well?


Title: Re: Can i Link Crypto to Construction Business
Post by: Saisher on October 30, 2020, 04:14:56 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?

It's free to create a token in fact you only need 1 waves to create a troken on Waves but making it legal/legit and valid is another story, what's the purpose of creating a token what it will try to solve and what does it want to achieve, the worst thing that you can do is to lauch an ICO, because you will just waste your money, if it is not bringing something great to the community.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 04:18:51 PM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 04:21:40 PM
I am not able to understand them ..... I am having all the legal documents i can submit it .....

https://vave.io/realestate/building-in-the-latin-quarter-in-paris/89725


Title: Re: Can i Link Crypto to Construction Business
Post by: Winscosinally on October 30, 2020, 04:23:25 PM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...
Bro you don't need crypto linked to your business, run your business offline, crypto development is only good for qualified developers, this won't end well if you force yourself, do you have any blockchain experience? Have you ever build anything online? Run any business online, do you know coding? Maybe even a website? Tell me your skills, if your answer is NO you are just wasting your time.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 04:30:14 PM
Previously i worked as SAP Consultant then left job and entered in Construction Business ...

https://www.linkedin.com/in/abhishek-topu-288211136

Having knowledge about languages such as C , JAVA ...etc ..... can i do any thing in cryptospace ...? even ready to invest  .....


Title: Re: Can i Link Crypto to Construction Business
Post by: AhmadM on October 30, 2020, 05:03:38 PM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...
When I saw your first posts on this topic I think you gonna make it as a contractor service like this one (https://bobsrepair.com/) but after reading your explanation above it makes me clear enough to understand what's you are gonna do on your business. What I suggested is to keep your business offline, it isn't necessary to peg it to crypto space. I have seen a lot of real estates project that want to adopt crypto and most of them not have good ending/fail, moreover you are still new in this space so it's better to learn more about hows everything works in this space.


Title: Re: Can i Link Crypto to Construction Business
Post by: semobo on October 30, 2020, 05:11:39 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?
Why do you want to create a new token just for the sake of your business payment acceptance, you can use the existing cryptocurrencies for the same purpose. Or you can create a new token for the construction related payments and also need to find merchants to accept tokens.


Title: Re: Can i Link Crypto to Construction Business
Post by: longyenthanh on October 30, 2020, 05:11:47 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?

Of course you can create your own token / coin, actually anyone can do it.
However, it is necessary to consider what it would be used for?
The only idea that comes to my mind to use your token in your business is to establish that you accept payments for your services only in these tokens. Alternatively, in order not to completely block the possibility of paying with other currencies, you could suggest that if someone pays for the service in your tokens, they will have a 5 or 10 percent discount.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 05:15:34 PM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...
When I saw your first posts on this topic I think you gonna make it as a contractor service like this one (https://bobsrepair.com/) but after reading your explanation above it makes me clear enough to understand what's you are gonna do on your business. What I suggested is to keep your business offline, it isn't necessary to peg it to crypto space. I have seen a lot of real estates project that want to adopt crypto and most of them not have good ending/fail, moreover you are still new in this space so it's better to learn more about hows everything works in this space.


Ok any Supporting Links to Learn.....?


Title: Re: Can i Link Crypto to Construction Business
Post by: istiak2277 on October 30, 2020, 05:15:45 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?

You can use an existing coin from the crypto space. There is plenty and I do not know why you want to create a token of your own? If you can not provide a better use case from your token then your token will be dead after some time. So If you really want to use crypto in your construction work then you can use other coins for payments. Thats will be better but you can create a new token if you want to.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 05:31:16 PM
After seeing all the responses .... i think my business suits only in offline mode .....to create token or coin its better to accept in existing crypo ..... But i still didnt understand the usecase and their token for Real Estate ......

https://cocoricos.io/tokenized-real-estate

I thought that idea may work for me .....


Title: Re: Can i Link Crypto to Construction Business
Post by: Febo on October 30, 2020, 05:39:32 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?

You can make a token on any asset platform. Eth, ETC, tron, Counterpaty, Liquid, son also Tari, ....  Anyone can make a token there. Issue how many you want choose the one with limited issuance or that you can add more tokens latter. It is very simple. You can do with them whatever you want. Give them to your business partners as bonuses or, ... whatever.


Title: Re: Can i Link Crypto to Construction Business
Post by: bigcash2011 on October 30, 2020, 05:42:31 PM
If you are just looking to raise funds in the name of your construction business then there is no need to launch your project and token as most probably it will fail. I do have real estate business as well but i know im not doing something innovative to raise funds or launch a project based on it. So you need to come up with unique and innovative idea to launch your project.


Title: Re: Can i Link Crypto to Construction Business
Post by: Quintrix on October 30, 2020, 05:43:08 PM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...

I don't see any reason why you should connect it to your business, when you don't know anything about Cryptocurrency, it's hard to create a token without understanding enough about Cryptocurrency structure and the business model is not guaranteed that it will make profit it is going to be based on IOU, it will not contribute anything to the Crypto community.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 05:47:27 PM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...

I don't see any reason why you should connect it to your business, when you don't know anything about Cryptocurrency, it's hard to create a token without understanding enough about Cryptocurrency structure and the business model is not guaranteed that it will make profit it is going to be based on IOU, it will not contribute anything to the Crypto community.


I think its not that hard to create the token ......

https://mywish.io/



Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 05:49:36 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?

You can make a token on any asset platform. Eth, ETC, tron, Counterpaty, Liquid, son also Tari, ....  Anyone can make a token there. Issue how many you want choose the one with limited issuance or that you can add more tokens latter. It is very simple. You can do with them whatever you want. Give them to your business partners as bonuses or, ... whatever.

Issuing the tokens based on the building number of houses at the start of the project and setting the time limit .... For example if one is planning to build 10 houses at the start of the project .... then issuing 10 tokens and setting the time limit ....


Title: Re: Can i Link Crypto to Construction Business
Post by: hulla on October 30, 2020, 06:32:49 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?
1) No, it wont be valid because there some certain concepts crypto currency investors see before they can be interested in new coin.
2) You can link crypto to the business but you dont need to create a new coin or token for your business and if i were you i will just integrate a cryptocurrency payment service like coingate, blockchain API, Bitpay etc. rather creating a new crypto for your business which may somehow impact your business negatively in the future.


Title: Re: Can i Link Crypto to Construction Business
Post by: 2double0 on October 30, 2020, 06:59:13 PM
I am familiar with one project named Xaurum Gamma which promised its investors with timely returns once their project of building villas gets completed. I still don't know where did they stop but the project turned shit and the value of that coin went down gradually. I don't think that after that experience, I will ever trust any crypto based construction business and their tokens.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 30, 2020, 07:43:18 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?
1) No, it wont be valid because there some certain concepts crypto currency investors see before they can be interested in new coin.
2) You can link crypto to the business but you dont need to create a new coin or token for your business and if i were you i will just integrate a cryptocurrency payment service like coingate, blockchain API, Bitpay etc. rather creating a new crypto for your business which may somehow impact your business negatively in the future.


It sounds good ........ Rather than creating tokens/coins ......payment gateways is a good option ......


Title: Re: Can i Link Crypto to Construction Business
Post by: flagpara on October 30, 2020, 07:59:28 PM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...
You should try, because you will never think that I didn't try anything. Maybe for buying land you need funds then you will return with profits. Why do you need extra coins? If you want to make something bigger and in return you can create an ERC-20 tokens. Your tokens will be valuable with your construction business increasing.


Title: Re: Can i Link Crypto to Construction Business
Post by: jossiel on October 30, 2020, 09:26:09 PM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?
Honestly speaking you can.

Knowing if it's valid or not, what's the purpose why you want to create your own token? Is it necessary to have your own version of your token for the construction business you have? If it's not necessary, you don't have to.

But if you have valid reason why you want to make one, you can say it or not if you want to. But if the purpose of creating a token doesn't have anything related to your business and you think that this will make you rich, I urge you not and just follow #2 suggestion of hulla.


Title: Re: Can i Link Crypto to Construction Business
Post by: WalkerIVIV on October 31, 2020, 02:36:49 AM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?

You should think about is there a utility usage that can be linked into your token? There were some projects in the past which have already linked their token holders to be a share holders for the owners of the tokens to the property that has bought by the project or team.

This idea is very very difficult to be implemented. You should try hard as there's not a lot of possibilities to implement the tokenization for the contrcution business.
It's quite impossible to be happened.


Title: Re: Can i Link Crypto to Construction Business
Post by: coin-investor on October 31, 2020, 02:37:33 AM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...
You should try, because you will never think that I didn't try anything. Maybe for buying land you need funds then you will return with profits. Why do you need extra coins? If you want to make something bigger and in return you can create an ERC-20 tokens. Your tokens will be valuable with your construction business increasing.

Unless he can show transparency like posting who he is the name of his business and the licenses associated with his business, we should not encourage anyone to just create a crowdfunding, we have had enough of business launching crowdfunding but in the end messes up and running away with investor's money, if he is serious then ask local SEC to regulate his crowdfunding.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 31, 2020, 03:05:17 AM
briefly ... it will be complicated but if it works then it will be a great opportunity. Are you the owner of the main capital? or you share it to tenders? If you divide it into tenders, you can auction off the investment for your building in crypto coins. for example, etherum or you want to make your own coins of course by forming a special team in the crypto division. you open a pre-sale and also invest in the construction that you will do. Estimated in 100% capital, you can auction to 70% and you still get the remaining 30%. inform the investors that you are auctioning construction investment but in crypto form, meaning that investors who will invest must go through your crypto. So, besides you get investors for your construction, you also get investors for the crypto project itself. look, is that good?

modern problems, solved in a modern solution.


 *// Are you the owner of the main capital? *//   ........ Yes right from purchasing of land and constructing and finishing of the building ...... additionally one can pin in the google maps the cordinates and sizes of the land in the google .......here our government is going to implement the technology ...... one can login into the site and enter the credentials all details will be available ....... No one can manuplate that .....


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 31, 2020, 03:11:33 AM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...
You should try, because you will never think that I didn't try anything. Maybe for buying land you need funds then you will return with profits. Why do you need extra coins? If you want to make something bigger and in return you can create an ERC-20 tokens. Your tokens will be valuable with your construction business increasing.

Unless he can show transparency like posting who he is the name of his business and the licenses associated with his business, we should not encourage anyone to just create a crowdfunding, we have had enough of business launching crowdfunding but in the end messes up and running away with investor's money, if he is serious then ask local SEC to regulate his crowdfunding.

I am ready to post everything related to my business ...... My GST Number , Tax returns , Business account associated with bank , Land details , Construction Plan & the web portal (Local Government) where anyone in the world can check for the details of the owner just by entering the credentials ......


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 31, 2020, 03:19:40 AM
Ok let me explain my business .... firstly i will purchase land for some x price and start constructing it will take some 6-7 months to complete the construction then price will become some x + n based on development of Geographical location ...... how can i relate it to the business ...... Because i trying to contact with "vaves" got this channel from https://cocoricos.io/ when i was browsing in internet ........ But no response ...
You should try, because you will never think that I didn't try anything. Maybe for buying land you need funds then you will return with profits. Why do you need extra coins? If you want to make something bigger and in return you can create an ERC-20 tokens. Your tokens will be valuable with your construction business increasing.

Unless he can show transparency like posting who he is the name of his business and the licenses associated with his business, we should not encourage anyone to just create a crowdfunding, we have had enough of business launching crowdfunding but in the end messes up and running away with investor's money, if he is serious then ask local SEC to regulate his crowdfunding.

I am ready to post everything related to my business ...... My GST Number , Tax returns , Business account associated with bank , Land details , Construction Plan & the web portal (Local Government) where anyone in the world can check for the details of the owner just by entering the credentials ......

Here is the Local Government webportal released by Government just 2 days back

https://dharani.telangana.gov.in/agricultureHomepage?lang=en


Title: Re: Can i Link Crypto to Construction Business
Post by: carlisle1 on October 31, 2020, 03:30:32 AM
Hi i own a Construction Business ..... Can i create new Token/Coin for Business ..... will it be valid .....?
Why make the problem added to you when you just can use existing coins for your business?
creating your own currency just to support your Construction business won't save your ass from this,instead those Good currencies is enough for you to operate.
or much better use Stable coins so your asset will be protected and safer .


Title: Re: Can i Link Crypto to Construction Business
Post by: kentrolla on October 31, 2020, 04:15:19 AM
It's not so much easy as you think people are still not familiar with crypto and definitely it will take some time, and yes I went through few articles where most of them have started real estate business from tokens and the Majority has failed. So think and plan accordingly because construction is a different module where tokens can't favour you.


Title: Re: Can i Link Crypto to Construction Business
Post by: ChrisPop on October 31, 2020, 06:29:55 AM
If you want to tokenize your construction (probably residential) it's going to be a little bit complicated. First you need to decide clearly what each token represents then go talk to a specialized lawyer who actually knows something about cryptocurrencies (that is rare, at least in my country). Unfortunately we still don't have a legal framework for asset tokenization and it might be a harsh road, but if you are really passionate and eager to spread the crypto movement, I encourage you to do so.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 31, 2020, 01:41:48 PM
Creating a token is not the problem but making the token useful for the purpose of which it is created that's the most difficult aspect of this crypto space. That's why there are so many projects today that are useless. Everyone coming with the mind to create a token without thinking of how to bridge the gap of making it useful.


So how can i connect a bridge between my business & crypto any idea .... ? apart from payment gateway .......


Title: Re: Can i Link Crypto to Construction Business
Post by: Febo on October 31, 2020, 02:42:36 PM
I am familiar with one project named Xaurum Gamma which promised its investors with timely returns once their project of building villas gets completed. I still don't know where did they stop but the project turned shit and the value of that coin went down gradually. I don't think that after that experience, I will ever trust any crypto based construction business and their tokens.

Xaurum was gold backed coin. It still should be. I do remember they at some point started making some construction.


Title: Re: Can i Link Crypto to Construction Business
Post by: abhishektopu on October 31, 2020, 04:42:47 PM
I am familiar with one project named Xaurum Gamma which promised its investors with timely returns once their project of building villas gets completed. I still don't know where did they stop but the project turned shit and the value of that coin went down gradually. I don't think that after that experience, I will ever trust any crypto based construction business and their tokens.

Xaurum was gold backed coin. It still should be. I do remember they at some point started making some construction.

Can you kindly share me the exact link when i am typing in google i can see 2 different coins by the name Xaurum ....


https://coinmarketcap.com/currencies/xaurum/


https://www.coingecko.com/en/coins/xaurum-gamma