Starting a Coin

File: 362 KB, 700x700, 1494722615560.png [View same] [iqdb] [saucenao] [google]

Starting a Coin Anonymous Thu Jan 18 07:31:24 2018 No.6638808 [Reply] [Original]

>think about making my own ERC-20 token
>have funds to start it up
>somewhat understand contract code, should have no problem implementing it
>look up laws for America
>KYC is REQUIRED for an ICO, you can do it without KYC but good luck ever cashing out
>every time you give out tokens to people, you are REQUIRED to put that on your taxes
>every transaction requires GAS for processing
>GAS price is dependent on ETH price so you could be paying $1 for each individual transaction

How do coins like 4chn and SHITcoin have the money to throw into a black hole like that? I know my token will never be worth anything, but I'm not allowed to raise any funds for it AND I have to throw money away, what's even the point?

Should I just give up and put my remaining ETH in LINK/VEN?

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance