Launching a new coin

[Lutzow]

Thinking of launching a new coin that will have usage first before coming out on exchanges but need funds so, is ICO still a way to go to get things going? A nice plan for the coin is already in place, just need to make ICO as smooth as possible as funds are needed for the development of the services that the coin will provide.

[bobmarley650]

Why not?

[Lutzow]

Why not?

ICO seems tarnished lately and some are already fed up due to some ICOs that failed to provide the usage the community needs.

[raphma]

ICO or premine. but premine will still need some real work before you can sell a few and  pay your debits.

[ttookk]

I like the idea of an ICO, combined with a dev fund that is liquidated at fixed intervalls.

If you have a coin with a fixed supply, you could give a part of those coins away via ICO and keep a relatively large portion to the devs, but those funds are bound in a smart contract hard-coded into the coins code and are sold at fixed points in time. This would give the devs an incentive to stay involved and active.

How the coins are sold exactly, I don't know. The easiest way would be to dump them on exchanges. The other way would be to have not one but continuous de-facto ICOs, every time one portion of those funds gets available.

[hermanhs09]

Thinking of launching a new coin that will have usage first before coming out on exchanges but need funds so, is ICO still a way to go to get things going? A nice plan for the coin is already in place, just need to make ICO as smooth as possible as funds are needed for the development of the services that the coin will provide.

I was thinking about launching a new coin too,but well, i think im just too lazy to do this
Anyway i would like to try it anyway,seems like an interesting thing for me!
I will ask my friend's about it,they want to do it too as i heard from them.

[bones261]

Why not just create a new algorithm and create or have someone create an optimized cuda and AMD miner. Then you can sell the rights to download the miners to raise funds prior to launch.

[sana123]

Thinking of launching a new coin that will have usage first before coming out on exchanges but need funds so, is ICO still a way to go to get things going? A nice plan for the coin is already in place, just need to make ICO as smooth as possible as funds are needed for the development of the services that the coin will provide.

I am a noob but I would like to release my own coin someday. Is there any guide to follow ?

[Lutzow]

I like the idea of an ICO, combined with a dev fund that is liquidated at fixed intervalls.

If you have a coin with a fixed supply, you could give a part of those coins away via ICO and keep a relatively large portion to the devs, but those funds are bound in a smart contract hard-coded into the coins code and are sold at fixed points in time. This would give the devs an incentive to stay involved and active.

How the coins are sold exactly, I don't know. The easiest way would be to dump them on exchanges. The other way would be to have not one but continuous de-facto ICOs, every time one portion of those funds gets available.

These devs usually sell their coins at the moment that they can so others are having a contract that will only allow them to sell it after a certain period of time. One way though is to pay them in BTC using the ICO fund collected but that would be after the ICO meaning development of the coin will only start after ICO and release of funds. Who among here has been part of an ICO development team before?

[bitcoinbox]

Thinking of launching a new coin that will have usage first before coming out on exchanges but need funds so, is ICO still a way to go to get things going? A nice plan for the coin is already in place, just need to make ICO as smooth as possible as funds are needed for the development of the services that the coin will provide.

Launching a new coin? Why not but remember there are already thousands of coins.
Do you bring a new technology? Will your coin be very different than the others? Any chance that your coin will be massively adopted?
For which reason do you want to lauch a new coin?

[Lutzow]

Thinking of launching a new coin that will have usage first before coming out on exchanges but need funds so, is ICO still a way to go to get things going? A nice plan for the coin is already in place, just need to make ICO as smooth as possible as funds are needed for the development of the services that the coin will provide.

Launching a new coin? Why not but remember there are already thousands of coins.
Do you bring a new technology? Will your coin be very different than the others? Any chance that your coin will be massively adopted?
For which reason do you want to lauch a new coin?

The reason for this is that it will be mostly used in country-centered services. This has a lot of potential with regards to the services it will improve by implementing crypto and with thousands of users. The coin won't be different than others actually so at first I was thinking of making use of an existing coin and create websites but funds will always be a question so I thought of an ICO. What the new coin will be is about usage rather than new technology. A usage to a country that has thousands of bitcoiners already but still make use of traditional money transfers. I understand that a coin must be globally traded for it to succeed and it will be since the services though centered to a country will require global users to adopt the coin as well if it becomes big.

[enet]

you could use ColoredCoin tokens and let them convert to native currency once you're live. this allows you to sell less than 100%, but pre-launch. like NEM stakes, but based on Bitcoin. so you can fund your operations in stages and get higher valuation each time.

[NUFCrichard]

Thinking of launching a new coin

Please don't. There are enough sh1tcoins around already, you don't have any novel ideas to add to the coins, so just don't!
Even worse if you want to have an ICO, if you must, just start your sh1tcoin and mine it without telling people how to mine it.

You will get the majority of the coins, and not steal money from people by way of an ICO.

[HCLivess]

I would be dead from butter overdose if I ate popcorn every time a read a thread like this. It reminds me of the "I want to do programming, I will go to college next year" comments. Yeah, manana. We all value your input.

Talk the talk, who cares about walking

[dwgscale11]

Learn from ETH, and just scam because the world is full of suckers!

As TheMage says...
1. Set up  own smart contract with a bug in it
2. Promote the hell out of it until it bloats to massive proportions
3. Execute on the bug along with shorting my smart contract and eth
4. Buy back on the bottom
5. Engage the leadership to toss the idea of hard fork
6. Sell coins
7. Hard fork, gain previous wallet balance back

[Lutzow]

Understand the hate in ICOs and new altcoins but who will blame you after all these ICOs collected thousands of BTCs and yet can't even provide a way to use the coin.

[freshman777]

Thinking of launching a new coin that will have usage first before coming out on exchanges but need funds so, is ICO still a way to go to get things going? A nice plan for the coin is already in place, just need to make ICO as smooth as possible as funds are needed for the development of the services that the coin will provide.

Launching a new coin? Why not but remember there are already thousands of coins.
Do you bring a new technology? Will your coin be very different than the others? Any chance that your coin will be massively adopted?
For which reason do you want to lauch a new coin?

The reason for this is that it will be mostly used in country-centered services. This has a lot of potential with regards to the services it will improve by implementing crypto and with thousands of users. The coin won't be different than others actually so at first I was thinking of making use of an existing coin and create websites but funds will always be a question so I thought of an ICO. What the new coin will be is about usage rather than new technology. A usage to a country that has thousands of bitcoiners already but still make use of traditional money transfers. I understand that a coin must be globally traded for it to succeed and it will be since the services though centered to a country will require global users to adopt the coin as well if it becomes big.

The Nxt Monetary System features a special asset class currency secured by the Nxt network and blockchain. Virtual currencies with a variety of customizable properties can be created in minutes without the need for specialized hardware or a preexisting user base.

https://nxtwiki.org/wiki/Monetary_System

[target]

Where do you start when you wanted to create your own coin?
ICO seemed abuse by devs nowaways and its frustrating for investors as well epsecially seeing the coins are dumped by traders to earn from us and making the coin's value low. I invest to ICO a month ago and the value is now close to nothing.

[GreenBits]

What are some features of your coin that are a unique offering in this space? What algo, and is there a development timeline? What issue of concern is your technology addressing?

I say that to say this. Unless you are doing something novel, or plan to advertise so much that it at least looks novel, save your time. This market is flooded with coin offerings at the moment, and the public is wary of the ICO model at the moment because of our mutual friend the DAO. It's 'too soon'.

[Lutzow]

What are some features of your coin that are a unique offering in this space? What algo, and is there a development timeline? What issue of concern is your technology addressing?

I say that to say this. Unless you are doing something novel, or plan to advertise so much that it at least looks novel, save your time. This market is flooded with coin offerings at the moment, and the public is wary of the ICO model at the moment because of our mutual friend the DAO. It's 'too soon'.

It will be traditional PoS coin with dev timeline. Issue of concern is to penetrate several markets in a country where money transfers between systems are being sent thru expensive modes. Why not bitcoin? It is very slow and PoW doesn't suit every country due to its mining cost.