Good idea! I hope this will be a success story .

I'm not gambling very often but when I do, I'm doing it only for fun.

Not necessary true. Without good branding and proper marketing your coin could be the technologically most advanced or the one with the most benefits for the society, but apart from a few geeks nobody will be interested. PPC, Primecoin, Gridcoin, Curecoin are the best examples for this. Then take a look at DOGE. An average coin without any groundbreaking features but with an excellent branding and very good marketing. The results? Well, everybody knows or heard something about DOGE but outside BTT nobody has a clue what the heck is Primecoin.

Call me paranoid if you want, but checking the VAT number (if available) and Googling the company are the most basic things what anybody wanna do in any kind of possible business relationship.

Coingecko and social media crap means nothing. Are there any real world services for it?

The problem with HYIP is the word "guaranteed". I think making 1% per day on average from cryptos isn't impossible but no one can "guarantee" that. Maybe you can make 200% profit in few hours on something but maybe you have to wait a month for such a good opportunity. So that "guaranteed" instantly makes it fake.

Why? PonziDOGE for example is a perfectly honest and legit ponzi .

Microguy and Vlad2vlad would agree with you. Probably you and them are right, for Average Joe GoldCoin would be more appealing than let's say Quark.

Sorry mate, but according to the VIES database http://ec.europa.eu/taxation_customs/vies/ that VAT number (EE-12368076) on your site isn't valid, in addition the Google search for Metacon Consultants turned up with a company in Mumbai as the nearest hit...

You might agree if I think this is a bit confusing and not the most reassuring starting of a business relationship .

As step 0 you might wanna get some funds to pay your developers . If you don't want an IPO/ICO then I'd say go for 3 after 1. When you have at least a mere or less working beta then you can start promoting.

...plan B

1) buy a domain / name your coin
2) promote
3. Start an IPO (ICO isn't good because of you would need to show something.)
4. promote
5. promote again
6. keep promoting
7. assess the situation to see if it worth to make the coin at all (I mean if you see an opportunity for making more from a pre and instamine.) If the answer is YES then goto 8 else goto 12
8. find developers, promise them a share from the instamine and hope that they can put a working coin together
9. keep promoting
10. When you have a more or less working coin release and instamine it pay your devs and bribe one or more exchanges (from the instamine if possible and keep promoting of course)
11. When the coin hit some bigger exchanges dump your stash.
12 run with the bag
13 register a new account here and goto 1

You guys just do not have enough sense of humor .

Of course alts are a highly risky business. Sometimes I think the altcoin boards should be moved here into the Gambling .

I think legitimate in this case means something like "real" or "proved to be working" .

For rhetorical question it's good enough, and he's right, a successful trader most likely will not start a hyip.

Turning it to Detroit Test Site would be more cost effective. Nevada seems to be too remote place .

(I do apologize for the malicious ideas, but when I was 13 yo back in the happy(?) commie days in the school I've got the task to read the Wheels from Arthur Hailey and write an essay about the exploitation of the working class in the modern capitalist industry, and since then I hate that city and dislike AH as well . )

Hand it over to the Five Families . They have the reputation of being able to turn rundown shitholes to profitable businesses .

Is this a question for me?

Theoretically possible. Some day-traders in the altcoin scene can repeatedly make yields far higher than 50%/annum. However they not used to start HYIPs.

https://bittrex.com is the best gambling site  .

Forget about ripplescam.org. As far as I know that's site belongs to a well known scammer here, who seen ripple for some reason as a threat for his business.

Well, I guess a pump and dump rarely happening naturally .