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Yash Tailor

Let's sell shovels t... • 1y

This is related to decentralisation. Most of the current youth whole heartedly follow influencers. I have an idea to create a trading app for influencers. Influencers cab list their channel public by going through initial token offering. People can b

Havish Gupta

Figuring Out • 1y

So it is almost like a stock market, where a channel is listed?

Yash Tailor

Let's sell shovels t... • 1y

That is correct

Havish Gupta

Figuring Out • 1y

So the token price will change based on their perceived value? If yes, then it sounds great. Even i saw many channels at their start and knew they are gonna be big. This will be great

Yash Tailor

Let's sell shovels t... • 1y

Yes exactly! Say if a channel as you said is doing great, you will buy tokens and hold it, the time it turns bigger, demand increaes and so does the share price :)

Havish Gupta

Figuring Out • 1y

That's great idea bro. And the Channel Owner will have to list his tokens. They won't be available from start?

Yash Tailor

Let's sell shovels t... • 1y

Thenks buddy. That is correct. Just like IPO. They will list say 1000 shares, each share worth say 5 youth tokens. People will trade, as demand increases possibly each share is now available at 11 youth tokens. Even youth token price varies. It's lik

Havish Gupta

Figuring Out • 1y

Ooh even dividends. That's great.

Yash Tailor

Let's sell shovels t... • 1y

:) I did create a project during my undergrad on the same. I feel I never went into its execution in terms of like scaling it and like talking to people whether it's feasible and how I can go about getting investments and all.

Havish Gupta

Figuring Out • 1y

So if your prototype is ready, then you can apply to wtf fund, etc

Yash Tailor

Let's sell shovels t... • 1y

Ohh is it? Lemme go through it. The prototype is bare min. I still need to enhance it to make it much better. What do you think about this idea though? Do you think crypto will be better or I can play around with actual cash too? I believe since the

Havish Gupta

Figuring Out • 1y

What is youth coin?

Yash Tailor

Let's sell shovels t... • 1y

Excellent question. Youth Coin is the term i give to the cryptocurrency that will be used to trade the tokens. Just like bitcoin, ethereum, dodge coin, solana, chainlink, etc.

Havish Gupta

Figuring Out • 1y

Now it's getting confusing. So you will be inventing it? If yes,. then people will exchange their ₹ for YCoin and buy shares with this YCoin. So will it not be hard for you to Firstly convince that buying channel shares would be safe and then also convince people to use YCoin And YCoin may also fall?

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Replies (2)

Yash Tailor

Let's sell shovels t... • 1y

That is correct it might fail. But again won't it be easy to get the users sign up with say free tokens or minimislatic priced tokens like initially 1 YCoin will be worth like a 25 Paisa. It will be easy for the users to buy tokens as it ain't that much. As and when trust is build, people will invest more. I geddit it has two sides, positive and negative. Negative ones you pointed out. I am dicy on what would be the best for such an idea.

2 Replies

Kesav Bihani

Hey I am on Medial • 6m

Is it possible to do? Have you checked if there are any govt regulations barring it.

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Okay so my First Task is they gave that I have to convince 3 People to buy there course which are really great by the way and then they will promote me. 🤓

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Hmmm, how would it be if all the people following me got free shares of a company? 😁😁

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1 Reply