|
Title: Should I use a coin building website or hire a programmer? Post by: Maracoin on March 19, 2015, 08:43:52 AM I'm the leader of the Maracoin project based on the animal of the same name. Our official thread is here:
http://bitcointalk.org/index.php?topic=996166 I have launched an IPO that should bring me some funds for development of the coin soon. Would it be better to use a coin generating service like WalletBuilders or to hire a programmer? The cost of making a coin using WalletBuilders is 0.15 BTC. Coincreator.net charges less but the premine option costs extra and Maracoin will be premined. How much would it cost to hire a programmer and what are the pros and cons of each option? Thanks. Title: Re: Should I use a coin building website or hire a programmer? Post by: tokeweed on March 19, 2015, 08:59:33 AM Why not use NXT Monetary System?
http://nxt.org/about/monetary-system/ Quote The Monetary System allows the creation and launch of coins and tokens in as little as two minutes. Coin features are selected from a list to give the currency the required properties, making the process not only extremely fast but remarkably flexible. The full list of parameters (with potential use cases) includes: • Exchangeable: Currencies can be exchanged all within the Nxt platform or on traditional exchanges, each identified by unique name and ticker symbols (e.g. BTC, USD). • Controllable: Currencies may optionally only be traded with the issuing account (e.g. backed tokens such as gift vouchers). • Reserveable: Currency units are released and distributed if funding requirements are met within the given timescale, if not funds are automatically returned (e.g. crowdfunding). • Claimable: Reserveable units can later be exchanged at an agreed rate. • Mintable: Currencies can be mined by proof-of-work algorithms (SHA-256, SHA-3, Scrypt and keccak), whilst still being secured by Nxt’s proof-of-stake algorithm. • Shuffleable: Coins can be shuffled when this feature is implemented (anonymity). Title: Re: Should I use a coin building website or hire a programmer? Post by: achimsmile on March 19, 2015, 09:46:29 AM You could also consider to issue your coin on the Nxt Monetary system.
It takes a few minutes, you decide if you want to issue all coins at once (~"premine"), or if they require mining (SHA256, SHA3, Scrypt, or Keccak25). A 4 letter currency code would cost you 1000NXT = 11$ to issue your currecy, no programmer required. pro: On the monetary system, your coins are secured by the Nxt blockchain, so you don't have to worry about attacks because of low total hashrate (an attacker could easily destroy your regular coin if it has low hashrate). More info can be found here: http://nxt.org/about/monetary-system/ edit: tokeweed was faster than me :) Title: Re: Should I use a coin building website or hire a programmer? Post by: Maracoin on March 20, 2015, 05:05:33 AM Thanks for the replies. I might consider using the NXT monetary system for my next coin (that was a pun). ;D
Also why do coins with less characters become more expensive? I might make a couple of 5 letter coins since those look very cheap (40c). 4 char = $11 3 char = $250! :o And can two coins exist with the same name? Is that the reason why longer names are cheaper? |