Can i Link Crypto to Construction Business

[abhishektopu]

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 ......

[flagpara]

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.

[jossiel]

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.

[WalkerIVIV]

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.

[coin-investor]

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.

[abhishektopu]

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 .....

[abhishektopu]

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 ......

[abhishektopu]

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

[carlisle1]

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 .

[kentrolla]

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.

[ChrisPop]

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.

[abhishektopu]

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 .......

[Febo]

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.

[abhishektopu]

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