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Author Topic: [HELP] Crypto Project without Token?  (Read 67 times)
fredalex (OP)
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April 06, 2022, 08:53:13 PM
 #1

Hi,

I want to start a crypto related business. Anyway, i don't want to create a Token.
Because i don't want to force people to buy a custom with uncertanty about the price.
Rather offer established cryptos (BTC Lighning, Nano, XLM,.. as it depends on fast and cheap transactions).
In generall i would say i really beleive in this concept, and think its not good that every project creates a token and shills it before even developing a product.

That brings 2 issues:
1. Seems like many people get into project just to gamble on the price.
2. Of course less funding. Token sales bring just lots of easy money.

So what do you guys think?
Is it worth to start a business without a token (because it wouldnt have more use cases than established cryptos offer)?
Are there other ways similar of token shilling? Maybe create some NFT sets and offer something for that?

Thank you


seoincorporation
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April 06, 2022, 10:22:35 PM
 #2

Is it worth to start a business without a token (because it wouldnt have more use cases than established cryptos offer)?
Let's say you want to start a casino, it would be cheap and easy to create a token to play on it, that way you can provide a huge bankroll for the game at a really low cost. And if you want to use known crypto for your casino then the bankroll will not be cheap at all.


Are there other ways similar of token shilling? Maybe create some NFT sets and offer something for that?
Well, another option is to create a crypto coin but this is the complex way, for it you need to clone crypto and provide a new Genesys Block, after that you need to create some nodes and that will make your blockchain runs. But if your coins aren't on an exchange then it will be impossible for users to buy it and sell it.

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zonefloor
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April 06, 2022, 10:31:21 PM
 #3

something like this could happen. However, what will be the service you offer here and what will the service you offer be determined? This is the important point. For example, a few game projects came out like this. These games did not create their own tokens or cryptocurrencies. They aim to improve their systems by selling their in-game sales with IOI or other marginal cryptocurrencies. As I said, such a thing is possible, but the technology you will present is an important point here. Obviously, if you don't offer something new or different, you may not be able to make money.
goaldigger
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April 06, 2022, 10:48:39 PM
 #4

Creating a crypto project without having your own token is fine, as long as its legit and you really means business. Casinos and exchanges are the common projects that doesn’t need to have your own token, but the funding is huge for this type of business, well capital is need on everything so you must be more innovative to attract investors that can support your business ideas.

Why afraid of having your own token? Investors can easily support you if you have this one, this is the common way to raise funds just ignore the volatility and stay focus on working with your project.

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Yogee
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April 06, 2022, 10:57:24 PM
 #5

You don't often see these kind of plans in the crypto world hehe. It's just tokens here and there right now.

I have seen some play to earn NFT projects that accepts the chains native token as payment. An example would be a player can buy game items using BNB instead of their BEP-20 token.
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April 06, 2022, 11:08:10 PM
 #6



So what do you guys think?
Is it worth to start a business without a token (because it wouldnt have more use cases than established cryptos offer)?
Are there other ways similar of token shilling? Maybe create some NFT sets and offer something for that?

Thank you




If you have a lot of money, you can build your own project without using a token, but if you have a promising idea and don't have a huge amount of money, you can think of other alternatives, promote your project and attract investors to help you with it. The success of your project depends on sharing your tokens
JeffBrad12
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April 06, 2022, 11:45:42 PM
 #7

As long as you have a proper business roadmap that can generate revenue from your bsuness and then you will not need any new crypto token for that. The crypto token can be issued anytime and you must not feel worry about that. You must only think about how to build your business properly without any problem and make it can give a fast revenue for your company.
There are lots of crypto projects tjat didn't require the funds. It depends on who people behind the project and his intention whether he wants make money or not.

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April 07, 2022, 02:36:42 AM
 #8

as long as I enter the world of blockchain and crypto, on average, every coin on the market, whether it's a new coin or a long listing, has its own project.
Each project is all in the development stage. then they sell their coins to get capital as their development stage.
coin without project is impossible. because the coin has no value and the future is unclear. basically in crypto what we invest is behind the coin, which is a good project that solves problems and provides solutions in the future.
It's a good idea before we invest in one of the coins we first study the project they are developing
then what have they achieved from the project.
do not carelessly invest because of the influence of others or buy carelessly because you see a significant increase.

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