Thinking of launching an ICO (Feedback is appreciate)

[ecashapp]

Hello, I have been working in the online payments industry for a few years and I saw that traditional payment methods have great disadvantages for merchants, especially for less developed countries where banks have a monopoly on the online payment infrastructure , I am thinking on launching a Bep2 token to allow merchants around the world to accept payments, I know there are many currencies that solve this, but none of these currencies are focus on the small business and real world use of their crypto.

What do you think ? I would like to hear some comments.

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[1715366164]

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[blockman]

IMHO, there's no need for that. Bitcoin has already covered that feature that you want to solve. Aside from bitcoin, there's Ethereum and other popular altcoins that are already accepted worldwide and got support from various exchanges and merchants, small and big enterprises. Also, ICO is no longer a big deal today. If you've been around in the crypto market in the past like 2018, it was the hellish year for the ICO market which had stopped a lot of investors investing in it because of the proliferation of scams that revolved around it. And another thing, third party payment solutions got their service to be easier used by the merchants who would like to accept cryptos and have it converted quickly into fiat.

[kawetsriyanto]

Why do you choose ICO? I think ICO isn't the best option anymore. You are difficult to gain investors' attention with ICO, they are no longer interested in ICO currently. If you are serious with the project, it is better to pay Binance or other top exchanges for having IEO there. Most investors are interested to buy crypto coins that launch IEOs on popular exchanges. They believe, it is one of the indicators of a trusted token/coin. 

[lobo13hf]

Im not sure about what you are saying dude. There are so many tokens that already made partnership with the various small stores. That depends on the store itself whether they can accept the crypto as a payment or not.
i think that you must search for a better idea than it. Such idea is too old and it's not matching with the current trend.
Think about something unique and that's not yet available.

[cryptoaddictchie]

I am thinking on launching a Bep2 token to allow merchants around the world to accept payments, I know there are many currencies that solve this, but none of these currencies are focus on the small business and real world use of their crypto.

You can actually, however how sure you are that small business willl accept the token you are making? Its not hard to make a token, but its very difficult to gain attention of business entity to use unknown token for their business. Why not accept a world wide renowned coin such as btc and eth? Im not discouraging you, but I am saying that this task of adoption isnt easy to pursue, you will need hard work and full dedication to pull it off.

[ecashapp]

IMHO, there's no need for that. Bitcoin has already covered that feature that you want to solve. Aside from bitcoin, there's Ethereum and other popular altcoins that are already accepted worldwide and got support from various exchanges and merchants, small and big enterprises. Also, ICO is no longer a big deal today. If you've been around in the crypto market in the past like 2018, it was the hellish year for the ICO market which had stopped a lot of investors investing in it because of the proliferation of scams that revolved around it. And another thing, third party payment solutions got their service to be easier used by the merchants who would like to accept cryptos and have it converted quickly into fiat.

Cool thanks for your Feedback yes i remember the 2017-2018 ICO madness i got scam with bitconnect back then   yes i think ETH is a good idea to accept in a small business the problem right now are the gas prices and lack of soport for the new business.

I am going to try i have more to win than to loose, i even if the token fail i will gain some experience. 

[ecashapp]

I am thinking on launching a Bep2 token to allow merchants around the world to accept payments, I know there are many currencies that solve this, but none of these currencies are focus on the small business and real world use of their crypto.

You can actually, however how sure you are that small business willl accept the token you are making? Its not hard to make a token, but its very difficult to gain attention of business entity to use unknown token for their business. Why not accept a world wide renowned coin such as btc and eth? Im not discouraging you, but I am saying that this task of adoption isnt easy to pursue, you will need hard work and full dedication to pull it off.

You are right well i am well know on the payment industry in Costa Rica , i have been talking with a couple of small business and they like the idea.

I am going to try we never know Hahhaa , thanks a lot for your Feedback 

[yazher]

this concept is not new, as there are already many projects focused on online payments. but none of them are actually building a platform for global services, they're just sticking to one or two countries. if you want to create a platform like this, you must have a lot of funds for promotion and looking for partners. and one thing I know is that all of that can't be done only with funds obtained from the ICO.

I think the author needs to have some unique style and innovative platform if he still wants to pursue his vision about this kind of project. because I'm afraid that he cannot catch up with the current huge companies that supporting those platform that has the same style with his project and the result will be a devastating loss of his wealth and time. Anyway, for the author not to be discouraged with the reality, he can still pursue his dreams and think of something different that he doesn't see from the other project that already exists nowadays.

[ecashapp]

this concept is not new, as there are already many projects focused on online payments. but none of them are actually building a platform for global services, they're just sticking to one or two countries. if you want to create a platform like this, you must have a lot of funds for promotion and looking for partners. and one thing I know is that all of that can't be done only with funds obtained from the ICO.

Thanks for your feedback , yes you are 100% right i am going to start with 3 world countries because is the market i am 100% sure they need this solution for example here in costa rica is like 8% commission per transaction for debit or credit card.
Also i would like to get some kind of blockchain project i ilove the idea to be part on something related.
 

[cabron]

I am thinking on launching a Bep2 token to allow merchants around the world to accept payments, I know there are many currencies that solve this, but none of these currencies are focus on the small business and real world use of their crypto.

You can actually, however how sure you are that small business willl accept the token you are making? Its not hard to make a token, but its very difficult to gain attention of business entity to use unknown token for their business. Why not accept a world wide renowned coin such as btc and eth? Im not discouraging you, but I am saying that this task of adoption isnt easy to pursue, you will need hard work and full dedication to pull it off.

You are right well i am well know on the payment industry in Costa Rica , i have been talking with a couple of small business and they like the idea.

I am going to try we never know Hahhaa , thanks a lot for your Feedback  

There are many that actually try to make their currency useful for small business and real world use of their crypto but since its more useful for online payments they started online and then shift to mobile wallets for the real world, that's why most cryptocurrencies today have a mobile wallet that can make transactions for businesses. Having to start an ICO will be an uphill battle for your team. Don't add more shitcoins in the industry.  

[cryptoaddictchie]

You are right well i am well know on the payment industry in Costa Rica , i have been talking with a couple of small business and they like the idea.

Then its nice to hear that you already establish a brand name of payment system there. You just need to incorporate the blockchain advantage on it. If they like the idea then go for it. Right now you have plenty of choices to make cause there are different blockchain now that are moving fast aside from ethereum network. Choose a chain that can easily connect the clients and also the cheaper fee so they can tolerate as many transaction or deal they want for their customer as well.

[kram31]

Hello, I have been working in the online payments industry for a few years and I saw that traditional payment methods have great disadvantages for merchants, especially for less developed countries where banks have a monopoly on the online payment infrastructure , I am thinking on launching a Bep2 token to allow merchants around the world to accept payments, I know there are many currencies that solve this, but none of these currencies are focus on the small business and real world use of their crypto.

What do you think ? I would like to hear some comments.

Actually, for me in my own opinion you can do it even without ICO launching. In fact, it will hassle in the end if you do it, Because in my case I also have a business here and I actually accept Bitcoin and other cryptocurrency as a mode of payment to my customers who is familiar or engaged too into crypto space. Meaning, I can do this with no ICO launching.

[OasisDre]

No project that focus on small business and real world use ? You are wrong dude intact there are too many new projects that focus on what you are already trying to do but still you can go ahead because majority of those projects never achieved their dreams

[semobo]

Hello, I have been working in the online payments industry for a few years and I saw that traditional payment methods have great disadvantages for merchants, especially for less developed countries where banks have a monopoly on the online payment infrastructure , I am thinking on launching a Bep2 token to allow merchants around the world to accept payments, I know there are many currencies that solve this, but none of these currencies are focus on the small business and real world use of their crypto.

What do you think ? I would like to hear some comments.

You idea is just another same project which already exists in 1000 different forms so I don't expect people to rush to your project to make their investment.

And launching it via ICO is another disadvantage since investors are moved towards IEO and DeFi hype years ago.

Anyway good luck for your project.

[blackened515]

IMHO, there's no need for that. Bitcoin has already covered that feature that you want to solve. Aside from bitcoin, there's Ethereum and other popular altcoins that are already accepted worldwide and got support from various exchanges and merchants, small and big enterprises.

Bitcoin and ethereum fees are too expensive for the average investor nowadays, I know they have already solved the issue of what op is trying to implement but what about having such solution in BEP20, wouldn't it make sense. I think it would be good to have such project based on BSC that would both be used by big and small enterprise as well as poor investors that can afford the fees, what do you think.

As for ICO, I wouldn't advise op to conduct presales with ico, that would be a bad marketing process for beginners project like yours, others above had suggested to you what presale strategy would be better, stick to their advise.

[blockman]

IMHO, there's no need for that. Bitcoin has already covered that feature that you want to solve. Aside from bitcoin, there's Ethereum and other popular altcoins that are already accepted worldwide and got support from various exchanges and merchants, small and big enterprises. Also, ICO is no longer a big deal today. If you've been around in the crypto market in the past like 2018, it was the hellish year for the ICO market which had stopped a lot of investors investing in it because of the proliferation of scams that revolved around it. And another thing, third party payment solutions got their service to be easier used by the merchants who would like to accept cryptos and have it converted quickly into fiat.

Cool thanks for your Feedback yes i remember the 2017-2018 ICO madness i got scam with bitconnect back then   yes i think ETH is a good idea to accept in a small business the problem right now are the gas prices and lack of soport for the new business.

I am going to try i have more to win than to loose, i even if the token fail i will gain some experience. 

The gas fee is no longer a problem for Ethereum. If you'll check the fee, the minimum amount that you can pay for gas fee is just around 18 gwei and that's really low compare to the past weeks and months where most of us were complaining that in able to send $10 worth of Ethereum, we have to pay at least $15 fee and more than that to proceed with the transaction. But due to the network got lesser congestion, this results to the drop of the fee and this is only a sign that the ETH network has been improving already and hopefully that this becomes stable and we're no longer going to see such high fees/gweis.

IMHO, there's no need for that. Bitcoin has already covered that feature that you want to solve. Aside from bitcoin, there's Ethereum and other popular altcoins that are already accepted worldwide and got support from various exchanges and merchants, small and big enterprises.

Bitcoin and ethereum fees are too expensive for the average investor nowadays, I know they have already solved the issue of what op is trying to implement but what about having such solution in BEP20, wouldn't it make sense. I think it would be good to have such project based on BSC that would both be used by big and small enterprise as well as poor investors that can afford the fees, what do you think.

As for ICO, I wouldn't advise op to conduct presales with ico, that would be a bad marketing process for beginners project like yours, others above had suggested to you what presale strategy would be better, stick to their advise.

I disagree, bitcoin and ethereum fees got lower this time. I recently made transactions for both of it and it didn't required me that much fee.