Why do companies create their own coin? InitiativeQby Otilia Moldovan Affiliate Marketer
We all come across this question: why on earth do companies want their own coin when there are thousands of coins created after Bitcoin, lots of ICOs (initial coin offering) and crowd fundings?
I searched for answers and the one I think makes sense is from this article: https://www.quora.com/Why-would-one-or-any-company-want-to-create-their-own-cryptocurrency-or-blockchain
I quote for fast reference: “Some companies choose to create their own cryptocurrency because the cryptocurrency has its own value which means the digital assets can become fiat money through exchanges. In most situations, you can find the company will keep about 20%~30% of their cryptocurrency in the companies’ wallet. So, if there’s appreciation of the cryptocurrency, the company also benefited.”
Another reason, as I see it, is getting people motivated to support the company’s initiative.
The question arose when I registered with InitiativeQ.
InitiativeQ is a project created by a team of PayPal experts, whose intention is to create another payment system to replace the old credit cards payments.
In order for their goal to become reality, hundreds of thousands of participants are needed to adopt the system. Now comes the reason! In order to motivate people to adopt this new payment system, they created their own coin, the Q, and started distributing it for free. Moreover, they calculated its value from now on, 1Q = 1 USD.
This is really motivating!
So, there is no collecting money, it is free to join and you get your good amount of Qs that may have good value if we help them adopt this system.
It is risk-free because they only ask for your name and an email that you use for notifying you to confirm registration or to approve your invitees. It is no MLM, no bonuses or commissions, just the rewarded Qs as a thank you for testing this system.
I liked the fact that InitiativeQ is a transparent project.
Anybody can read their FAQs, the timeline, the economic model, the monetary policy, before registering.
You can use my invitation link: https://initiativeq.com/invite/_92Amsx3E
Once registered, confirm your registration in your email. They then notify me by email that I must approve your registration with your real name, to prove that I know you. It is about money; this is their policy to build trust. Only after my approval will you receive the referral link and be able to invite friends and get more Qs.Attention! This link will stop working once I am out of invites, so send me a message today to approve your registration.
Created on Aug 8th 2019 03:43. Viewed 248 times.