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Author Topic: An Original Token & Usage Idea, now what?  (Read 246 times)
MrAltCoin (OP)
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July 02, 2017, 12:47:46 PM
 #1

Hello all! Thanks for checking out my question/thread.
I'm a long-time lurker and trading since the days of $180 BTC.
This place has been a huge source of information over the years and I wish I contributed more to the community, thanks to everyone that keeps the forum cogs turning.

It's prevalent there's a huge surge of ICO scams and investors who just want to get rich quick, my 1 post count probably doesn't help reputability much, so take my humble question as you will but I am genuinely curious.

If I were to have an original idea for a token & the way its used, what would be the steps into bringing it to realization?


Now I'm certainly not the best coder, hell I'm far from the best trader. But I get off looking at whitepapers of coins that have a unique concept & plan. And I've digged enough to know there isn't already a coin offering the same, or even similar functionality.

So, what do I do with this idea?

I'm aware of companies offering token creation & ICO launching services (well, tbh it seems https://tokenmarket.net is most reputable at this time, please correct me if wrong)
Is that the correct route though? What are my options?

Thanks for reading & anyone willing to help out, or even point me to existing sources of information!
ranih
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July 02, 2017, 02:29:44 PM
 #2

The steps are quite similar to founding any other startup IMO.
In general:
1. You need an idea for a product and a token (sometimes they're the same, but mostly they aren't).
2. Check if people would like to it, how big is the market, etc, etc.
3. Build your team. It good be even just another founder. This is the most important part IMO.
4. You can go in 2 ways: straight to launching your token sale or building a MVP to ensure your product is really needed first. I believe the latter is a better way to go.

This is a very (very) high-level answer of course. 

Keep in mind that it's a long and hard way...

Minecache
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July 02, 2017, 03:04:34 PM
 #3

Are you seriously asking us how you'd produce a shitcoin?

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