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December 19, 2017, 09:36:47 AM |
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Sorry for such a rudimentary question but after lot of research I still can't understand "why" people prefer doing an ICO using let's say Ethereum/ERC20 as opposed to simply issuing their coins and letting people buy from their app itself? Similar to in-app purchases in games e.g. credits, coins etc.
Aren't blockchain and digital currency mutually exclusive?
What's the point of creating unnecessary friction of dealing with 3rd party wallets, interfaces, exchanges, currencies and transactions fees when all of this can be avoided via an in-app wallet itself - just pay with fiat and buy the coins. These coins can always be listed on exchanges.
Would love to understand and see what am I missing here.
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