Question about new projects

[rat03gopoh]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?
What I've learned about the founders of giant platforms like Paypal, Alibaba, Google, Twitter, Facebook, etc. is that they don't. They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey (maybe they did but it was privately so that in the end we only heard the story). So that when their platform becomes a well-known brand, the money comes naturally through big investors, sponsors, and partners from other well-known figures/brands.

In addition (funnier), platforms with social and community bases that have no purpose or solution to the financial case must force themselves to stay in the mainstream by tokenizing their services which in the end the token creation itself becomes useless.

Why don't the current projects almost all follow in the footsteps of existing famous brands?

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[Bttzed03]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?

Major reason is $$$ Another reason is that it's easier to create a new token, a website, a whitepaper, and hire people to spread hype about the potential of this project. The market is also less regulated that's why they are so brazen in taking gullible people's money.

What I've learned about the founders of giant platforms like Paypal, Alibaba, Google, Twitter, Facebook, etc. is that they don't.

Facebook's Libra (now known as Diem) would have been fully launched by now if not for SEC and other regulator's intervention.

They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey (maybe they did but it was privately so that in the end we only heard the story). So that when their platform becomes a well-known brand, the money comes naturally through big investors, sponsors, and partners from other well-known figures/brands.

If cryptocurrencies and smart contracts were around 50 years ago, who knows if these large companies that we know today would have done the same thing?

[Gorosden]

All the companies you made mention are powerful organizations that don't see any needs in creating their own tokens or coins, for what purpose? It's why we need to be careful with new projects, it's because money is in crypto that's why we keep seeing new projects, almost all new projects are here to take advantage of investors

[cryptoaddictchie]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?

Interesting. Cause that's the nature of cryptocurrency and blockchain it's getting profit through their token and coin, set aside the working platform. I can't figure but only few have good platform and recently launched their tokens. But majority usually having tokens first and to follow their use case platform which is often the case here.

With the exemption of those projects like uni whom platform has been really used. Some have tendency to be scam one.

[TheUltraElite]

You are right that any new altcoin project has to be starting their own token. This has been the trend that was started with the ICO hype.

It is a shady thing because the concept was that by buying that token you are spending your money and supporting the project which makes it seem like an equity. But again the token holders have got no legal rights on the project. Which makes it a shady security to hold and shows how many loopholes the concept has. Advisors have got bigger hands in the ownership of the project and therefore when the project funds plummet, they will do a hostile takeover and sell the project to another shady group to be never heard of again. This has been the aftermath of many altcoin projects.

Mainstream companies are often publicly traded on exchanges. They are regulated by SEC and similar bodies. We cannot compare the altcoin markets with them.

[maxi786]

There are now over 1,600+ cryptocurrencies in circulation and while most of us know the basics when it comes to big projects like Bitcoin (BTC) and Ethereum (ETH), attempting to make an informed investment decision about some of the smaller ones can too often seem like a confusing prospect. Their values in digital marketing fluctuate. But in the last few years, they have raised their position very much. Before starting a project you should know about it

[sangkler11]

interesting discussion, I think it has become a trend since the ICO booming a few years ago.
It's like we have a product but there is no capital to develop it and then do a token sale to raise funds, with only the name, whitepaper and strategy in the future they can get funds to develop the product, but most of that is scam.
these can't be compared to real projects like the ones you mentioned above. this is the crypto industry

[Jating]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?
What I've learned about the founders of giant platforms like Paypal, Alibaba, Google, Twitter, Facebook, etc. is that they don't. They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey (maybe they did but it was privately so that in the end we only heard the story). So that when their platform becomes a well-known brand, the money comes naturally through big investors, sponsors, and partners from other well-known figures/brands.

As you have said, those companies has a lot of public and private fundings initially, and it could be millionaire venture capital that really bet big on those projects early because it is unique. As compare to crypto space, very different, they need capital and then scam people, LOL.

And there are things here on what we call the prime movers of crypto like Bitcoin and Ethereum. Then that's where the comparison with Paypal or Google or Twitter or Facebook. They are first in the crypto space and obviously get the most support of crypto enthusiast.

[criket]

in my mind, new projects are now thinking of immediate benefits. even those who are successful with their tokens do not stay in the market for long. because there is not much interest and developments that cannot compete in the market.

[takngantuk]

Why don't the current projects almost all follow in the footsteps of existing famous brands?

because they just want to get money from investors. they make tokens and sell them under the pretext of doing development. After tokensales, the tokens are listed on the market and in the end they disappear. This cycle is always repeated with new projects, only a small number of projects actually do what their whitepaper says.

[Phoenix_PROG]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?
What I've learned about the founders of giant platforms like Paypal, Alibaba, Google, Twitter, Facebook, etc. is that they don't. They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey (maybe they did but it was privately so that in the end we only heard the story). So that when their platform becomes a well-known brand, the money comes naturally through big investors, sponsors, and partners from other well-known figures/brands.

In addition (funnier), platforms with social and community bases that have no purpose or solution to the financial case must force themselves to stay in the mainstream by tokenizing their services which in the end the token creation itself becomes useless.

Why don't the current projects almost all follow in the footsteps of existing famous brands?

If I were you I would just ride along, many projects will fail no matter how certain their products look or how promising their team are, only very limited projects will survive, its been like this since day one and there is no real way to tell the difference than to just take risks after doing some research, I'm in for the money making part and I don't trust any new project

[isaac_clarke22]

For quick bucks apparently, even if the devs know that their project will face an inevitable doom once dump happened after getting listed into an exchange.
Those "giant" platforms you mentioned are already standalone by themselves, they don't need some shitcoins for quick bucks.

"Why don't the current projects almost all follow in the footsteps of existing famous brands?"
They'll be buried because people would probably choose famous/reputated/high-rated brands than theirs.

[Jawhead999]

All the companies you made mention are powerful organizations that don't see any needs in creating their own tokens or coins, for what purpose?

The purpose is since Bitcoin is already exist around 12 years and have high value, they want to create their own coin to beat Bitcoin (but it will not happen) and expand the adoption more about the companies brand.

We're in digital and technology era, so they want to follow the hype to create digital coin (e.g. Facebook create Libra and China create Digital Yuan)

There are now over 1,600+ cryptocurrencies in circulation and while most of us know the basics when it comes to big projects like Bitcoin (BTC) and Ethereum (ETH)

Wrong

There's already 6229 cryptocurrencies can be traded right now so far, you can see it here https://www.coingecko.com/en

[yazher]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?
What I've learned about the founders of giant platforms like Paypal, Alibaba, Google, Twitter, Facebook, etc. is that they don't. They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey (maybe they did but it was privately so that in the end we only heard the story). So that when their platform becomes a well-known brand, the money comes naturally through big investors, sponsors, and partners from other well-known figures/brands.

In addition (funnier), platforms with social and community bases that have no purpose or solution to the financial case must force themselves to stay in the mainstream by tokenizing their services which in the end the token creation itself becomes useless.

Why don't the current projects almost all follow in the footsteps of existing famous brands?

This is how they look upon the other's success that's why there are a bunch of them here and they do not really have the things they are talking about especially those who have just emerged recently. You need to know that every single project out there has its own marketing strategy to create some hype. Mostly they don't work because people already knew this kind of propaganda and sometimes it works, they can gather investors all around the world but still manage to run away with those people's money. All of these things stand in one rule which is "make your own research before investing" don't just follow the hype because most of them are just for showoff to fool the others.

[CryptoTech_]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?

This is a crypto world, and tokens as the currency of their respective platforms therefore they are introducing it.

What I've learned about the founders of giant platforms like Paypal, Alibaba, Google, Twitter, Facebook, etc. is that they don't. They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey (maybe they did but it was privately so that in the end we only heard the story). So that when their platform becomes a well-known brand, the money comes naturally through big investors, sponsors, and partners from other well-known figures/brands.

When the platform you mentioned was launched, blockchain technology didn't exist yet. And they also don't just hope that the platform can just be successful, without any effort. You don't know how hard each of these platforms is.

In addition (funnier), platforms with social and community bases that have no purpose or solution to the financial case must force themselves to stay in the mainstream by tokenizing their services which in the end the token creation itself becomes useless.

Don't you see that Facebook is currently launching Libra (currently rebranded to DIEM) don't you think that FB is imitating social media platforms that already have their own token? lol

Why don't the current projects almost all follow in the footsteps of existing famous brands?

It is not an easy thing.

[Anonylz]

Why do almost 90% of the platforms introduced through this forum have to create their own coins and tokens immediately?
What I've learned about the founders of giant platforms like Paypal, Alibaba, Google, Twitter, Facebook, etc. is that they don't.
.....

This Question is a bit funny because this giant platform you mentioned above didn't start out as a crypto backed platform and even aside that maybe they have no intention to tokenize their business, during the early days of PayPal, Alibaba, Google and the likes i don't think there was anything like blockchain so the platform was created to provide service to those who are interested which totally different now that blockchain is available and upcoming project will rather use it since it provide better service and accuracy in getting the job done, if blockchain was available then who knows maybe one among them would have opted for it.

[leea-1334]

In addition (funnier), platforms with social and community bases that have no purpose or solution to the financial case must force themselves to stay in the mainstream by tokenizing their services which in the end the token creation itself becomes useless.

Why don't the current projects almost all follow in the footsteps of existing famous brands?

That is not just with social and community bases. Almost every project, regardless of what they have or have not,,, do the same, thinking that they can just magically create utility for everyone from nothing. And funnier to think that users will also suddenly magically want to use the token for utility they never needed before.

[ethereumhunter]

The money will be their reason to create their own coin or token. As the @OP mention, the giant company will follow the step to create their own token and coin. I think those giant companies make a secret movement without the public know, and maybe those company still learning the new method to attract investors to join with them. Besides that, I think they are waiting for the right time to launch their project to the public, especially right now, the bitcoin, altcoin, and DeFi, still show a good trend. The giant company does not want to make a wrong move this time, and waiting for a while will be the best for them.

[just_Alice]

They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey  

But they don't just hope, do they? It takes a looot of investments to make a certain brand recognizable, attract an audience and convince them to use it, and without that - no investors will give their money to your project. So, funny enough, but if your platform isn't really unique - in order to draw investors' attention you already have to be something, and not everyone has sufficient funds for that. And years ago it was way easier than now! Nowadays, due to enormous competition, you'll have to invest even more.

And the other way to attract funding - is being unique, so that your company won't have many analogs in the market, and one of the easiest ways to do it - is to associate your project with something new - altcoin, convince investors that it's something extraordinary, explain why it is better than other existing alts and voilà - your project has just become interesting. It's another matter that nowadays there's such a wide range of altcoins, that even this method isn't that effective, but it doesn't require many funds, so..worth a try.

[southerngentuk]

Have you ever worked on a technology project? Can you make it better? My point of view is very different from yours, how do you rate this market today? What projects are developing in this direction? Answer these questions, as the projects here are made not entirely pointless .

Why don't the current projects almost all follow in the footsteps of existing famous brands?