Show Posts
|
Pages: [1] 2 »
|
A few days ago I made a post here about making a memecoin. In this topic I'm going to describe what happened and leave some links to my handicraft (please pay attention, it is just a project I made in my spare time and has no value). Anyway, let me explain what happened. I made a Telegram channel a while ago (maybe a month ago) explaining my experiences as a solo-entrepreneur in that channel in my mother tongue. Last week, I made a poll in channel for the next topic of the channel and there were two options for people to choose. One was startup in a week and the other was how to make a pitch deck and surprisingly people wanted to know how a startup can be built in the course of a week. A little bit of personal note here, I think titles such as Startup in a week or Make your own SaaS business in two hours are not really misleading with the help of all these AI tools and their ability to generate code, images or even UI designs. I thought to myself, what is a good idea for a startup or a digital product in a week? Then I saw sparks in my head. I asked myself Why not making a token?. I witnessed how people in my country lost their crap for projects like Hamster, DOGS or TapSwap. Seeing this hype, I decided to make my memecoin on The Open Network or $TON. I had good reasons for this. First, Telegram is basically number one messaging app in my country. All people have it installed (even now, when we need VPNs to access the thing) and all people with smartphones usually say "Telegram me" when they ask you for further communications. So it is popular and I used its popularity. Second reason is that Hamster also was a big trend here. I knew naming TON and Tonkeeper will help a lot in process of getting people's attention to this newly made token. Third reason, I saw it is really cheap to make a new token on Ton Minter comparing to other networks such as Solana or Ethereum (honestly, I haven't checked TRX, I thing their network is also cheaper compared to SOL or ETH). Then, I decided to not spend more than $100 for this particular project, honestly it didn't cost more than $50 for me. I got 5 tons in my wallet, minted the token and listed it on the STON decentralized exchange. Next, I made a website, telegram channel and X account for the token and all of these together took only 48 hours. And lets be honest here, I cheated a little bit here. I had servers up and running for more than a year. So I deployed the website on those servers. I also used Vercel's v0 AI to code the website since it is great at UI building and I'm not. After that, I messaged some of my friends and gave each one of them 10,000 tokens and most of them asked When you will take us to the moon? jokingly since we all knew this is just a fun project and nothing more. Then, the marketing phase began. I always say I'm terrible at marketing but the universe proves me otherwise. I made a post on X and asked people to follow me and token's account. Then I asked them to give me a wallet address and I sent 1000 tokens to each one of 50 people who gave up their wallet address in the challenge. Now you may ask Why not tap-to-earn or cloud-mining? Which is honestly an excellent question. My answer to that question is that I didn't want spend too much time on a fun project and if I do things such as tap-to-earn or cloud-mining, I would do it in a better and more well-established way and obviously I won't do it with initial cash of $100! Anyway, the project was fun and I learned a lot. In the time I was working on this project, I had to study a lot about different coins and how they work, honestly I grew up in just 72 hours in the crypto space. I love it. I LOVE IT. Related links: - Website for Gemini Coin- $GMNC on TON Scanner- $GMNC on STON.fi P.S : If you're buying this coin, remember it's still unverified, and also remember it was a fun project. Do not expect real value out of this coin. P.S.S : I'd be happy if thing explodes like Turbo, but honestly, I'm not expecting it to do so.
|
|
|
Guys, thanks for all the input. I made a token on TON minter (it was much easier than what I thought) and it became the funnest experiment of my life! I put a few TON tokens (less than 10 dollars) in the mix and started working on the project. On X, I asked people "who wants this valueless new token?" and 50 people asked me if I can send them. It gave me a lot of good visions and understanding about the space and soon, I'll write an article about the whole experience!
Hi. Can you send some links to your coin? I'm genuinely interested. Thanks in advance! Of course. The contract and everything is here: https://tonscan.org/jetton/EQD-3ilfLeYA1nZYLzPDJ-sK7iZ-es8t_RZ6JWMTptKV0Ago#source
|
|
|
Guys, thanks for all the input. I made a token on TON minter (it was much easier than what I thought) and it became the funnest experiment of my life! I put a few TON tokens (less than 10 dollars) in the mix and started working on the project. On X, I asked people "who wants this valueless new token?" and 50 people asked me if I can send them. It gave me a lot of good visions and understanding about the space and soon, I'll write an article about the whole experience!
|
|
|
Well, this is the quickest idea for a fun project I could think of. And I'm still not sure about it.
|
|
|
Greetings.
I recently watched a few hours of youtube videos about memecoins and also as a long-time crypto-maker wannabe, I found this can be a good time to try. I chose this way, because I know it may fail (I consider fail to win ratio of %75 to %25, and honestly, it's the most optimistic consideration about the whole memecoin thing).
Well, I'm sure there are people here who made coins before and I'm sure some of you guys made a weekend project or a meme coin to a profitable business. I need your advice on the project.
Anyway, what I considered for my token is to be launched on TON (Telegram's own chain) just for two reasons:
1. Telegram and TON are very popular in my country. 2. TON network fee is currently low and I can easily afford it.
Also, I have to say that I personally am not going to run a project with these tap to earn or cloud mining apps, I may personally drop a portion of my tokens to people who seem enthusiastic about it, and nothing more.
And now, I need your advice and input on this project idea.
|
|
|
A few months ago, one of my friends sent me his invite link to this project. This project claimed a new airdrop called TONEE and also they claimed that their mini telegram app also rewards people with TON coins (which is native to Telegram's own chain). I had almost 1.2 TONs based on what they said on the app, but for withdrawing the coins, you needed to buy a "booster". I paid 1.4 tons (honestly, I did twice, I know I acted greedy) and the mini app says withdrawal was successful, but the only successful withdrawal was from my Tonekeeper app ) if anyone from the project sees this, please explain to me. Otherwise, we have to consider them a scam project.
|
|
|
Agreed, for example today I went to withdraw tokens from a bot and it said "you must buy a power booster first". Well, their power boosters have a start price point of around $8 (1.5 TON with the current price of ton it becomes 8 dollars). Which doesn't seem very much, but I imagine how many people may pay them and what they're doing in their withdrawals (maybe it's a ponzi scheme, eh?)
It boils down to the trust for the project - it's not big of an amount if everybody will get something out of it in the future. These funds can be used either for the future or just to get a quick buck, we will never know. Some use TON fees to get the NFTs on the blockchain and to pay rent for them, usually for a year or two (that would be ~0,12-0.13 TON, but it depends). Again, agreed. But what guarantees that the project will pay me? This is the main concern.
|
|
|
Agreed, for example today I went to withdraw tokens from a bot and it said "you must buy a power booster first". Well, their power boosters have a start price point of around $8 (1.5 TON with the current price of ton it becomes 8 dollars). Which doesn't seem very much, but I imagine how many people may pay them and what they're doing in their withdrawals (maybe it's a ponzi scheme, eh?)
|
|
|
In recent months, I saw a lot of new airdrops, mostly on Telegram platform. A lot of them are harmless "tap to mine" games which can be trusted (in my personal opinion). Some of them were basically giving away tokens based on your accounts age (like Dogs). I know when these airdrops are around, they make a hype. One of my friends sent me 15 invite links the other day (and honestly, I still haven't clicked on the links) and most of them are basically these mini games. But I also saw some airdrops asking people to pay them little amounts of TON or Tron, in order to put them in a better place in a leaderboard. It seems somehow suspicious. I just want to know what is the measure of a good airdrop? One of my bitcoiner friends once told me "consider every airdrop a scam until they're not". But I strongly believe that there must be some good measures for this issue as well. What do you think?
|
|
|
Well, pooya87 provided information about electricity price in Iran. I'm sure people are still busy mining, but the point is I can't afford the needed equipment right now. Otherwise, I'd got my hands on some equipment for mining well-known and well-established currencies.
|
|
|
سلام. چقدر حیفه که اینجا سابفروم مستقل خودمون رو نداریم ادمین فروم فقط در صورتی سابِ اختصاصی میده که فعالیت زیاد باشه. همینطور که از این تاپیک معلومه، ایرانیای این فروم خیلی حال فعالیت تو اینجا رو ندارن تلگرام شده بلای جون کامیونیتیهای مختلف فارسی ) خیلیها اونجا رو به فروم و ردیت و ... ترجیح میدن.
|
|
|
My father was working at a company, responsible for making power plants and I asked him how much do we pay for electricity and he told me $0.002 per kilowatt-hour is the price. And since he still has his friends in that company this is an up to date price. Also, I have heard some industries can get electricity at a tenth of this price (and some of them even have mining farms as well). I guess I have to give up on the idea of mining, at least with my current equipment.
Did you make a mistake with the number? If your rate is $0.002 per kilowatt-hour, then you have ideal conditions for mining. You can buy any old mining equipment and get profit. Large mining companies pay 4 cents, but even if it is 2 cents, then your advantage is 1000 times. Which country has such a tariff? No, this is exactly the price of electricity for home users in my country. My biggest problem is that even buying an old rig here isn't possible since most of the people already sold their equipment (after ETH mining was over). I guess I have to give up on the idea of mining, at least with my current equipment.
Did you make a mistake with the number? He emphasized that it's because of his current equipment as he may be finding ways to utilize those old laptops. Probably, purchasing an entire rig with old GPUs isn't an option for him even with that dirt-cheap electricity rate. Well, if I buy GPU's, I will probably dedicate them to my AI business.
|
|
|
My father was working at a company, responsible for making power plants and I asked him how much do we pay for electricity and he told me $0.002 per kilowatt-hour is the price. And since he still has his friends in that company this is an up to date price. Also, I have heard some industries can get electricity at a tenth of this price (and some of them even have mining farms as well). I guess I have to give up on the idea of mining, at least with my current equipment.
|
|
|
Alephium and Kaspa. You can try the little miners for home mining and can still be profitable with the new releases for alephium. Well I check them out. Are those listed on exchanges?
|
|
|
Electricity is much cheaper in my country, but I still doubt using my old equipment being a wise idea of making money mining altcoins. Anyway, I use one of those old laptops to play GTA or Skyrim, it means it is good in terms of graphics, but it has an AMD graphics card which I personally don't know how to utilize for mining.
|
|
|
سلام. چقدر حیفه که اینجا سابفروم مستقل خودمون رو نداریم
|
|
|
I have a bunch of unused old computers, which include a Lenovo G510 and an HP Elitebook 2540p and I also have a raspberry pi and two orange pi boards. I am not using these equipment and I was thinking about if I can make use of them by turning them to mining devices. But since none of them have powerful GPU's or even CPU's, I can't use them to mine BTC or other similar currencies. I discovered Duino Coin, which can be mined by Arduino/ESP boards but they have some strange policies and most of my ESP/Arduino equipment are in use to control my home Now, I'm looking for opportunities for mining coins using these old equipments I own. I also have some servers which are idle, but they do not have GPU's either. I guess they have Xeon processors which can be a good thing here. I'm open to suggestions and offering for easy-to-mine coins. Regards. M. H.
|
|
|
Well, the first time I personally have heard of bitcoin, was from a documentary about money and wealth, from BBC (in our native language) and it was around 2012 I guess. Back then, I think bitcoin wasn't the future of wealth in public opinion, I remember that 16 years old me tried to mine some, but failed miserably 😂 but if I get back to past or find an easy-to-mine coin, I would be happy to mine as much as I can.
|
|
|
Sorry if I'm not quoting all of your messages, I just came to this thread to thank all of you for these kind and warm welcome messages!
|
|
|
You can still consider creating an ICO nowadays, but legal requisites are rapidly increasing in many countries, so it can still be a good option if you are serious and willing to invest your own money in your project first of all in order to comply. For example, in a few months MiCA regulation will be effective in the European Union, which explains some steps needed to carry them out legally. For example: Article 51
Content and form of the crypto-asset white paper for e-money tokens
1. A crypto-asset white paper for an e-money token shall contain all of the following information, as further specified in Annex III: (a) information about the issuer of the e-money token; (b) information about the e-money token; (c) information about the offer to the public of the e-money token or its admission to trading; (d) information on the rights and obligations attached to the e-money token; (e) information on the underlying technology; (f) information on the risks; (g) information on the principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism used to issue the e-money token.
The crypto-asset white paper shall also include the identity of the person other than the issuer that offers the e-money token to the public or seeks its admission to trading pursuant to Article 48(1), second subparagraph, and the reason why that particular person offers that e-money token or seeks its admission to trading. About the platforms themselves, there are many existing ones which list different ICOs, links to their whitepapers, etc. Just Google. I still have no idea what are regulations about ICO's in my country. Again, it may be considered "financial transaction with foreign currency" and it has a lot of complications. Although I remember from one of my favorite shows (HBO's Silicon Valley) they moved to an ICO after they turned down by the investors. It is something to consider. Bitcointalk isn't the place to ask for investments. People on this forum have seen or heard of all types of scams. As soon as someone starts asking for money, alarm bells in our heads start ringing. That doesn't mean you can't present your project here neatly and in a detailed manner. You never know, there might actually be people who see value in what you do, and they could be interested in investing.
If I were you, I would focus on building my reputation here first. Let people see your name. Participate in discussions so we can see how you think and operate.
Thanks for the tip. I'm not here to ask for the money to be honest, I'm here to ask for knowledge and information.
|
|
|
|