Creating altcoin for business financing

[Propellerbuh]

If you think after creating altcoin your business will get a lot money then you're wrong.

You still need people who're willing to buy your token, if not your token are worthless. People will not believe in your token due to worthless and they're more skeptic against cryptocurrency due to the nature of scam.

If you have an idea to share dividend, it's better if you launch initial public offering.

Hello.
I think an IPO is more suitable for an existing business but not for a startup.
It seems to me that it is impossible for a new company to conduct an initial public offering (IPO).
 Correct me if I'm wrong.
I'm now trying to understand the principle of creating an altcoin and the rules that are necessary to place it  on the exchanges.
I’m looking at as some examples as I could find :
https://wallstmemes.com/
https://bitfinder.io/
this is not advertising product , this is just an example.
 There are still more questions than answers.

[sana54210]

For many years I was engaged in business working as a financier in large companies. For today
It is very difficult for businesses to attract funding into the real sector.
I have an idea to attract funding to the real business sector by releasing altcoin
That would be secured by real business.
If this team is interested in discussing the possibility of a joint start-up.
I’m no good at the crypt, but I have real business experience.
At the moment I am considering the construction of a starch factory on the basis of the former plant that
located in Slovakia. There is a project of the plant also there is an engineering company that will carry out installation and start-up of the operation.
I’d like to see if it’s possible to finance a project using the release of my altcoin.
Do not judge strictly. Maybe it is impossible. But I hope you can always find an alternative even in such a question.
Can try it small. Ready for dialogue. I will be glad of new acquaintances.

There are a lot of people who think they can do this, but it has never been done because there is a trust issue. Crypto is liked because it's a trustless system and that is a great thing, when we are talking about a situation that is a bit more personalized then it becomes a lot more issue for everyone involved.

Just imagine this, if you want to do something like this, people has to believe that you are not going to steal their money, I am not even talking about you will succeed or fail, that is another subject, I am talking about people not trusting that you will not steal their money. This is why it's going to be something that will not happen and you will not find that kind of money here.

[Silberman]

Your project will be fall under Security Token which is still in gray area on crypto space. You are offering a token equivalent to stocks to the company you are building and will share dividend from profit. This type of crowdfunding become popular before until it was hit by regulatory problem since this is illegal to offer on some country with strict regulations.

And that is the issue here, the OP wants to simply start a business venture with the money collected by an altcoin and create a company out of it, even if the laws all around the world were in place already to facilitate such a maneuver, this would be an incredibly difficult undertaking as we have seen many coins like what the OP is proposing on the past and they all turned into a scam, so I doubt they will be able to gather the necessary money to make their vision to come true.

[uneng]

I’d like to see if it’s possible to finance a project using the release of my altcoin.

Why not to use an already existing altcoin to finance your project? Why not using Bitcoin for that purpose?

I suppose you want to take advantage of the potential pumps in price a token created by you can have, so you maximize your personal profits. However, keep in mind it's not going to be interesting for investors, because as soon as you drop your own tokens for sale on the market, its price is going to fall, and investors are going to see their holdings melting down.

It seems there are no advantages in investing on your token... I wouldn't go ahead with this idea.

[Wexnident]

~

Why not just look for investors instead? From what I can see what you're planning to do is to use the funds from that altcoin to launch that starch factory from wherever. In that case you can totally skip the altcoin development plan and go straight ahead with building it up instead. Altcoins can be a decent project startup, but only if you know what you're doing. In this context, I don't think said altcoin would have any use case, at all, and that would inevitably make the project dead imo. If you can create one, and one that's innovative and useful enough, then you can try creating an altcoin first and then use your original plan, but otherwise, I don't think it's going to bear any fruit. What you're basically asking here after all is something similar to how gofundme (or any crowdfunding exercise) works from what I can see.

[Propellerbuh]

I’d like to see if it’s possible to finance a project using the release of my altcoin.

Why not to use an already existing altcoin to finance your project? Why not using Bitcoin for that purpose?

I suppose you want to take advantage of the potential pumps in price a token created by you can have, so you maximize your personal profits. However, keep in mind it's not going to be interesting for investors, because as soon as you drop your own tokens for sale on the market, its price is going to fall, and investors are going to see their holdings melting down.

It seems there are no advantages in investing on your token... I wouldn't go ahead with this idea.

Good day.
Please tell me how you see the use of an existing altcoin to start a new startup.
Would the author of the altcoin want me to use his coin for my needs? In order for me to sell altcoins, I must have them.
I don't understand the concept of getting funding for my startup. If I'm wrong, please explain to me.

[Propellerbuh]

~

Why not just look for investors instead? From what I can see what you're planning to do is to use the funds from that altcoin to launch that starch factory from wherever. In that case you can totally skip the altcoin development plan and go straight ahead with building it up instead. Altcoins can be a decent project startup, but only if you know what you're doing. In this context, I don't think said altcoin would have any use case, at all, and that would inevitably make the project dead imo. If you can create one, and one that's innovative and useful enough, then you can try creating an altcoin first and then use your original plan, but otherwise, I don't think it's going to bear any fruit. What you're basically asking here after all is something similar to how gofundme (or any crowdfunding exercise) works from what I can see.

Can someone help me find out how to create my own altcoin step by step.
 Approximately how much will it cost?
 Who do I need for this? And how long will it take?
Maybe someone is already in the process of launching an altcoin, I’m ready to discuss a joint solution.
What do you think about the launch of an altcoin in a gaming form?
If there is a desire to discuss, I am ready for dialogue.

[o48o]

Thanks for the comments. I deleted the weight of my message in Russian.
The idea is to create a new altcoin for the project instead of using what is already there.
Collateral for altcoin will be the rights to the company that will own the enterprise. The coin will be payable dividends.
Coin holders can either receive dividends or sell them to the company after the plant starts up.

Yeah, not gonna happen, that's against securities laws in everywhere.

Holding a token is not legally binding contract and owning RWA that's permissionless to send anywhere, breaks AML laws. And trying to give profit dividends from your company via your token is also against securities laws.

Tech you wanted that would make you legally own the rights doesn't exist yet, but it's coming sooner or later. But it won't be tokens for current platforms because to make current platform suitable for those tokens would need to be most likely rebuilded from the scratch.

I mean technically you can do this, but you will be breaking some laws and get lawsuit sooner or later, either from the token holders that were mislead of the legitimacy, or your country's officials and you will lose any lawsuit against your company.

[Magic-Money]

The cryptocurrency market is really experiencing bearish market, which as a new person to come in into alt-coins investment, is good to invest on the coin that is already established in the cryptocurrency market, because most of new alt-coins that just listen in coinmarketcap or coin gecko, some of them get delisted, even in the exchange are trading on, because of low liquidity. Hence, is good to invest in coin that has already established or listed minimum in 10 difference exchange or more.

[coinremitter]

Your idea of using an altcoin to attract funding for a real business venture is interesting. It's indeed a creative way to address the funding challenges faced by businesses. Your background in finance can be valuable in this endeavor.

Creating an altcoin to represent ownership or investment in a real-world asset, such as a starch factory, is known as a security token offering (STO). These tokens are typically regulated by financial authorities to ensure investor protection. It's essential to consult with legal and financial experts who are well-versed in cryptocurrency regulations and STOs.

Building a starch factory is a substantial project, and using an altcoin for financing could be a viable option. However, you'll need to create a comprehensive business plan, including the technical aspects of token creation, regulatory compliance, and a clear value proposition for potential investors.

Your language skills shouldn't be a barrier; you can collaborate with experts who can assist in translating and communicating your ideas effectively.

[DapanasFruit]

Using altcoin for funding is nothing new and this has been the staple of many ICOs in the past and until now token sales are still happening which is essentially a crowdfunding proposition with investors getting tokens in return for the money they are investing to the project. Sadly, a big majority of those projects in the past are now dead and of the new ones they can be destined for the same fate as well...and that is why many people are getting wary of the scheme as they don't want to be holding empty plastic bags at the end and make some silent cry as victims of unkept promises. Now, with that background, I am advising that you put up a team that can crystallize your vision into words and strategies prospects can understand well...and then come up with the plan on how will you do things to make your project a big success. Always remember though that trust is always earned and could not be demanded most especially from people who are already tired of so many scams and frauds in the market.

[lixer]

Your idea of using an altcoin to attract funding for a real business venture is interesting. It's indeed a creative way to address the funding challenges faced by businesses. Your background in finance can be valuable in this endeavor.

Creating an altcoin to represent ownership or investment in a real-world asset, such as a starch factory, is known as a security token offering (STO). These tokens are typically regulated by financial authorities to ensure investor protection. It's essential to consult with legal and financial experts who are well-versed in cryptocurrency regulations and STOs.

Building a starch factory is a substantial project, and using an altcoin for financing could be a viable option. However, you'll need to create a comprehensive business plan, including the technical aspects of token creation, regulatory compliance, and a clear value proposition for potential investors.

Your language skills shouldn't be a barrier; you can collaborate with experts who can assist in translating and communicating your ideas effectively.

AI-generated text spotted!  You shouldn't wake a couple of months old thread that is currently inactive and use an AI-generated text as a reply to do whatever your aim is, there are more topics and threads that are active, engage with them, and try to write yourself, you won't get anything good out of the forum by posting AI-generated stuff.

To OP, I would suggest that you don't get into all this if you don't have prior experience and knowledge about how things work. Now with regulatory pressure all around the industry, it will be an headache for you to create, manage, and market your altcoin and then manage the regulatory matters along the way. Regulators are also not always in the favor of ICOs which is what you are basically looking to do since you are looking for funding for your business.

And, why do you think people invest in a token or even in a business? To get profit, obviously. So, how will you market your token? What will you tell the investors when they are buying your tokens about the future of the token? What after the funds have been used to start the business? How will that affect the token and its price?

[Wiwo]

I understand that I know nothing at all about altcoins. To find out more, I came to this site. I want to understand for myself
Is it possible to use an altcoin to finance a startup? I understand that a team is needed. I can't do this alone.
That's what I'm here for. If things don't work out, I won't be upset. I'm already pleased with the attention on this forum and that so many people are trying to help me.

Well what the nature of the start up and what service are their up to providing and what is the nature of the finances of the project?

Are you going to be using investor money to build the business or do you already have a working business that just needs expansion and the possibility of making some profits for the investors,  if not then you may find it hard to be able to secure any investor interest.

And if you are not a project owner but a potential investor,  then I will advise you to avoid investing your money into start-up projects because a large percentage of them always end up as scam or exit pull against the investors.