Creating a new digital currency

[andrewbb]

I have a specific plan for a new currency and would like some assistance.  Of course, those who are part of the creation of the currency would receive many very inexpensive coins.  I have a market defined for the coins which could be $1-$5 each, perhaps higher.

I need help with questions like:
- how many coins to create?
- how many to start with?
- what rate for the mining?
- what are the transaction fees?

Then technical things of actually creating the coin and getting it on the exchanges, etc.  I used to write software, so I know the technical things, but frankly am focused on the larger business plan.  (FYI, if you have access to investors/capital, we can talk about that too.)

[jeannemadrigal2]

Just a suggestion, there have been an awful lot of crapcoin ico lately, and there might be some alt-fatigue devloping.  If I was developing a coin, I would spend a lot of time on these forums reading through all of these alt coins.  See what worked and what didn't.  See what people like and what they dont.  We don't need another coin, so figure out how to make us want it by making it better than the other coins out there.

[andrewbb]

Just a suggestion, there have been an awful lot of crapcoin ico lately, and there might be some alt-fatigue devloping.  If I was developing a coin, I would spend a lot of time on these forums reading through all of these alt coins.  See what worked and what didn't.  See what people like and what they dont.  We don't need another coin, so figure out how to make us want it by making it better than the other coins out there.

I agree with that sentiment, however, this is a specific business application.  It is more than a new coin with different parameters running a trading operation.

If you want to discuss specifics, we can do so over PM with a simple non-disclosure agreement to not steal the plan, or tell others about it until it's implemented.

[CryptoMrM]

I wish you the best of luck but there are so many altcoins these days, it's hard for new ones to get any traction.

I would suggest partnering with some already established crypto services.

[andrewbb]

I wish you the best of luck but there are so many altcoins these days, it's hard for new ones to get any traction.

I would suggest partnering with some already established crypto services.

I guess that might be possible.  How do you contact existing coin operators?

[erpbridge]

I have a specific plan for a new currency and would like some assistance.  Of course, those who are part of the creation of the currency would receive many very inexpensive coins.  I have a market defined for the coins which could be $1-$5 each, perhaps higher.

I need help with questions like:
- how many coins to create?
- how many to start with?
- what rate for the mining?
- what are the transaction fees?

Then technical things of actually creating the coin and getting it on the exchanges, etc.  I used to write software, so I know the technical things, but frankly am focused on the larger business plan.  (FYI, if you have access to investors/capital, we can talk about that too.)

All these things are usually answered with where you think the coin will be in the future. Satoshi could have created a billion coins but he chose 21 million for a reason. You can start with a lower amount which will usually be premined and keep the reward high in the start and have block halving accordingly. You can usually set all this up if you look at the source code of bitcoin.

[noel57]

I have a specific plan for a new currency and would like some assistance.  Of course, those who are part of the creation of the currency would receive many very inexpensive coins.  I have a market defined for the coins which could be $1-$5 each, perhaps higher.

I need help with questions like:
- how many coins to create?
- how many to start with?
- what rate for the mining?
- what are the transaction fees?

Then technical things of actually creating the coin and getting it on the exchanges, etc.  I used to write software, so I know the technical things, but frankly am focused on the larger business plan.  (FYI, if you have access to investors/capital, we can talk about that too.)

You are the only one that can answer this question successfully without bias, I will suggest that you look into the histories of successful coins, you will find your answer there.

[n2004al]

I have a specific plan for a new currency and would like some assistance.  Of course, those who are part of the creation of the currency would receive many very inexpensive coins.  I have a market defined for the coins which could be $1-$5 each, perhaps higher.

I need help with questions like:
- how many coins to create?
- how many to start with?
- what rate for the mining?
- what are the transaction fees?

Then technical things of actually creating the coin and getting it on the exchanges, etc.  I used to write software, so I know the technical things, but frankly am focused on the larger business plan.  (FYI, if you have access to investors/capital, we can talk about that too.)

I congrats with you about your initiative to have another coin in this Babylon number of coins. Maybe there are not enough of them and needed more. Every coin is special and have particular specifics which make it unique. The problem is that no one of those serve for nothing. Or only for the developers who make money with those. So I wish you very success and wish too that you substitute bitcoin with your coin. Isn't every coin pretend this in the beginning?

[g1974ak]

Good, good. You want to create a new coin and want to know the number of the coins and other several technical things. I have a question. What do you do if you want to know for the others such things? If the answers from the others are contrary of each other which one it will be better for you. Which criteria you will use to decide? Congrats mate. Hope all the best for your coin and for you.