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Author Topic: why many ico launch with ETH ?  (Read 458 times)
carlisle1
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September 17, 2017, 05:41:46 PM
 #21

First ETH can handle many transaction than many coin. Second they support for ICO platform. Third they have huge fan same as bitcoin
with their ready to use platform integration is much easier so I guess that's the reason behind, developers of new coin will easily create coins
which is ready being use inside smart contracts so they don't need to create another separated wallet for their projects.

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September 17, 2017, 05:45:34 PM
 #22

Because it's easy to regulate the ICO tokens with ethereum smart contracts. Most of the tokens are ERC20 standard which is defined under ethereum class. These tokens are therefore supported by ethereum blockchain and can be transmitted, tracked and used easily over it. These smart contracts makes the project to be easily regulated or operated and that is why they go for it. It would be difficult if you do the same with bitcoin. There are no possible smart contracts with bitcoin blockchain as it is not made that way. May be that's the legal reason why they use ethereum.

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September 17, 2017, 05:50:28 PM
 #23

perhaps it's easier to create a smart contract in ETH platform

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September 17, 2017, 05:54:04 PM
 #24

That is probably because there are too many ico's based on ethereum technology, and maybe they want to raise ethereum to have a better conversion rate, i dont know, i have never invested into a ico because i have never feel attracted to invest into one.
But maybe it would be better if they would accept bitcoin as a payment proccessor, or maybe other altcoins like litecoin, dash, etc.

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September 17, 2017, 05:57:34 PM
 #25

You should learn more about smart contract and its utilities however ethereum platform give simple use in order to create a new token with proper characteristics. Waves and counterparty offer the same services.

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September 17, 2017, 06:03:56 PM
 #26

perhaps it's easier to create a smart contract in ETH platform
I think that the process is much faster than people actually claim it to be. If there was an Altcoin that doesn’t feature any of the Ethereum smart contract, another coin smart contract then that coin is likely to do really well. That’s only for stating a scenario that happened right now, there was many coins that didn’t have an ICO and didn’t launch with an Altcoin smart contract back then though they had a nice ideas on how to build things –they didn’t do what they stated that they were going to do so they failed.

It should be much cheaper to outsource as well, so that could be one of the reasons why people choose it.

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