AltCoin Creation Risks & Initial Investment

[intelligencegroup]

Hi there,

We are interested to set up a new alt coin but before we do we would like to understand in more detail some of the risks associated with that. We would like to get an initial amount of coins for our group (1 million - is this possible?) and invest an initial amount of max. 100K EUR to help the currency take off the ground. Could someone please point out a thread where the same thing was done for another altcoin so that we can see how things went afterwards.

Are there any threads discussing opinions from institutional investors about altcoins?

Thanks in advance.
Ovidiu

[Daedelus]

It is possible to create a coin within Nxt's Monetary System. You don't have to worry about securing the coin (running nodes, persuading others to run nodes, code reviews and updates etc). You then can just concentrate on your business aims.


Once you know the outline of Monetary System, we can fill in the details of how to get 100k euros into the system.


For introduction: https://bitbucket.org/JeanLucPicard/nxt/issue/205

For How to guide: https://wiki.nxtcrypto.org/wiki/Monetary_System


Let me know if you have any questions  


P.s. I think you will find there are very few (if any) institutional investor threads..

[Daedelus]

NXT... too much of everything on their end

Can you be more specific?

[Crestington]

Why not just use that to invest in existing Coins and building infrastructure from there.