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Author Topic: Brand completely associated with crypto  (Read 317 times)
Bushdark
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November 03, 2023, 08:42:35 PM
 #41

What if I launch a cosmetic brand completely associated with crypto in some way. Like , the purchase of cosmetic products of my company being available only with certain alt coin.

That would be a fantastic idea, at least it will bring the payment methods of cryptocurrency into the cosmetic world, though I believe some cosmetic agents must also have their payment platform that have brought in cryptocurrency, but if you are having this inborn idea within you to launch yours,  I will advise you give it to trial. You can make use of any altcoin of your choice that you feel is reliable, as long as it makes the idea come into fruition.

Creating a coin to bring our brand into more clearer vison is cool but op would need to work with developers that have good experience in the market so that whatsoever brand he is creating would be meaningful. Having a crypto project is not easy because there would be a lot if things one has to out into consideration to have a perfect community that people would love to be. There are so many cryptocurrency projects in the market and we need to create a spectacular projects that would have impressive utility for people to see good reasons to join and invest in such a project.









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Silberman
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November 03, 2023, 09:23:55 PM
 #42

What if I launch a cosmetic brand completely associated with crypto in some way. Like , the purchase of cosmetic products of my company being available only with certain alt coin.

That would be a fantastic idea, at least it will bring the payment methods of cryptocurrency into the cosmetic world, though I believe some cosmetic agents must also have their payment platform that have brought in cryptocurrency, but if you are having this inborn idea within you to launch yours,  I will advise you give it to trial. You can make use of any altcoin of your choice that you feel is reliable, as long as it makes the idea come into fruition.

I disagree, this is a bad idea, how many people around the world have adopted at least one cryptocurrency? No one knows the number but this is probably less than 5%, and of those people how many people will hold the altcoin the OP wants to use as an exclusive payment option for their cosmetics and have a need for their product? Without a doubt an amount even lower than that, so when given the option any potential client which may be interested on buying their products will go somewhere else as they are not going to adopt an altcoin just to purchase something they need.
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November 04, 2023, 01:56:26 PM
 #43

What if I launch a cosmetic brand completely associated with crypto in some way. Like , the purchase of cosmetic products of my company being available only with certain alt coin.
op You want to understand that if a customer wants to buy any of your products, he must pay through altcoins for that reason. Is it even possible?  I think our country is still not updated enough that we will use altcoins to transact anything. If we can use our money by investing through altcoins.

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November 04, 2023, 03:16:34 PM
 #44

I disagree, this is a bad idea, how many people around the world have adopted at least one cryptocurrency? No one knows the number but this is probably less than 5%, and of those people how many people will hold the altcoin the OP wants to use as an exclusive payment option for their cosmetics and have a need for their product? Without a doubt an amount even lower than that, so when given the option any potential client which may be interested on buying their products will go somewhere else as they are not going to adopt an altcoin just to purchase something they need.

I agree with your statement. If someone sells some unique product that is not available elsewhere, then the customers will be forced to adopt that altcoin to buy that product. Or if it's an online website based business and the business owner can deliver their product to their customer, they may still get some customers. 
btc78
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November 06, 2023, 10:23:42 AM
 #45

Certain alt coin? Do you know who will be your clients? What if they only had x type of altcoin but you only accept y type of altcoin, will they not be offered services? Do they have to convert first?

If you plan to use bitcoin well i say there’s a huge chance that a lot of your customers can avail your services with it but if it’s an altcoin how are you sure that your targeted audience have that altcoin or are even aware of it? Also, cosmetic brand…. think again who mainly use cosmetics and who mostly are users of cryptocurrency and think if they align

coinremitter
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November 06, 2023, 11:20:48 AM
 #46

Creating a cosmetic brand tied to crypto has the potential to generate interest and promote cryptocurrency adoption. By exclusively accepting specific altcoins for product purchases, you'd incentivize people to engage with crypto. This innovative approach can broaden the utility and awareness of cryptocurrencies beyond financial transactions, helping the crypto ecosystem grow. While challenges exist, the fusion of cosmetics and crypto offers an exciting avenue for crypto enthusiasts and newcomers to explore the technology further.
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November 06, 2023, 11:29:46 AM
 #47

What if I launch a cosmetic brand completely associated with crypto in some way. Like , the purchase of cosmetic products of my company being available only with certain alt coin.

That would be a fantastic idea, at least it will bring the payment methods of cryptocurrency into the cosmetic world, though I believe some cosmetic agents must also have their payment platform that have brought in cryptocurrency, but if you are having this inborn idea within you to launch yours,  I will advise you give it to trial. You can make use of any altcoin of your choice that you feel is reliable, as long as it makes the idea come into fruition.

I disagree, this is a bad idea, how many people around the world have adopted at least one cryptocurrency? No one knows the number but this is probably less than 5%, and of those people how many people will hold the altcoin the OP wants to use as an exclusive payment option for their cosmetics and have a need for their product? Without a doubt an amount even lower than that, so when given the option any potential client which may be interested on buying their products will go somewhere else as they are not going to adopt an altcoin just to purchase something they need.
That seems like a bad idea to me, too. Firstly, there are few people in the world who use bitcoin, let alone altcoins. Secondly, every brand should cover a part of what it is created for, for example on food it is plants and animals, cosmetics should show beauty and so on. Few people would want to buy a face cream that symbolises a cryptocurrency, with the difficulty of buying one being that you have to buy a special altcoin somewhere.
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November 12, 2023, 09:02:26 AM
 #48

What if I launch a cosmetic brand completely associated with crypto in some way. Like , the purchase of cosmetic products of my company being available only with certain alt coin.
It's very much possible you can do it, there are people who have lunched certain products to use and promote certain coin but they don't make that coin the sole method of payment because if such is done , not all customers will be comfortable using such payment method, they may result to other options if they happen to find it difficult using that payment method or if they find it not comfortable enough, so it will be better you make option for other payment method but paying with the coin you hope to promote comes with certain discount rates, that way it will attract the attention of others to want to try out the new coin so they could get a discounted rate but solely making that coin as the only means of payment may not be effective enough as it will not be friendly to those who aren't crypto enthusiast thereby reducing the customer base versatility.

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