An example: I want to launch a Lemonade stand. I

Question

An example: I want to launch a Lemonade stand. I

could use my own money (which I dont have) or go to the bank and ask for credit (which they deny because lemonade stands are an unregulated space). So I mint 100 lemonade tokens on hedera via HTS and sell them for $10 each to early investors that think my lemonade stand idea is good. By holding the tokens they will earn 1% fee of every sold lemonade cup, so my token has some kind of utility.
Now my business runs well, people see it and buy the tokens for higher price than the launch price, because they speculate my revenue will grow and/or think they can sell the tokens later at higher price.
Of course if I close my lemonade stand or no demand, the value of lemonade token could go to zero. Everyone knows that, but wants to buy anyways.
So, is it really that bad to raise money like this? And, more importantly, is it the fault of the network I used to mint my tokens?

#cryptocurrency #english #hbar

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21.01.2024

9 ответов

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Hashcat Автор вопроса

Of course there are projects like twigital which doesnt have a token I believe? So its entirely the funders choice if he wants to raise money on ICO or not, which I think is how it should be. Hedera does only provide the tools, what you do with them is your responsibility (create memecoins, launch your own nft collection or whatever)

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10 месяцев назад

Theo

A very strong argument and good examples 👍

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10 месяцев назад

RJ

👍👌

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10 месяцев назад

Michal

Hashcat
Of course there are projects like twigital which d...

It is also responsibility of entity that provides infrastructure to create such tokens. Did you know that after SilkRoad misuse he (creator) had to explain to officials as they were prepared to shut down the network at time. He had to say what can be done to prevent such, including recovery at ledger that was always in place

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10 месяцев назад

Hashcat Автор вопроса

Michal
It is also responsibility of entity that provides ...

Good point and didn't know the details. I think you have good intentions and dont want people to get scammed. It's a trade off between being 100% regulatory compliant (we dont even know what regulations will look like btw) or providing access to tools like the token service without KYC and your above mentioned restrictions

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10 месяцев назад

Michal

Hashcat
Good point and didn't know the details. I think yo...

Yes and I don't understand some of Hedera moves, they very cautious on some regulatory aspects and completely ignorant on others with no restrictions.

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10 месяцев назад

Hashcat Автор вопроса

Michal
Yes and I don't understand some of Hedera moves, t...

I think that if we want the hedera dApp ecosystem to grow, have more active wallets and get retail users from other chains, then things like memecoins, NFTs and token launches are part of the journey for now, but I understand your point of view

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10 месяцев назад

Novo Hora

That sounds like a security

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10 месяцев назад

Michal · Accepted Answer

Michal

There are funding rules what you can and cannot do. Running ponzi had consequences.

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10 месяцев назад

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