Creating my own altcoin?

[Mallyx]

I remember a coin that done it already. Mangocoin or Mango, but to work exclusively on phone/tablets, the blockchain was pretty much centralized.

[rper]

I am interested in creating my own altcoin that will be minable through a phone app.

If the coin will be mined with phone app, there's huge chance it will also be mined by any modern CPU and GPU. The difficulty will rise and phone mining will become worthless and get dropped.
So unless you have some ideas how to make your coin get mined ONLY by phones, your idea doesn't look so great to me. Unless you or somebody you team up with will find a solution for this, your idea doesn't worth the attention for an ICO.

Came to the conclusion that mining is not a good idea. Coins will be pre-mined and users are awarded coins for using the app.

[NeuroticFish]

I am interested in creating my own altcoin that will be minable through a phone app.

If the coin will be mined with phone app, there's huge chance it will also be mined by any modern CPU and GPU. The difficulty will rise and phone mining will become worthless and get dropped.
So unless you have some ideas how to make your coin get mined ONLY by phones, your idea doesn't look so great to me. Unless you or somebody you team up with will find a solution for this, your idea doesn't worth the attention for an ICO.

Came to the conclusion that mining is not a good idea. Coins will be pre-mined and users are awarded coins for using the app.

This is better, this at least makes sense and can give a meaning to your coin.
I hope that my post was a helpful feedback, good luck!

[shamzblueworld]

I am interested in creating my own altcoin that will be minable through a phone app. Can I copy a existing coins source code, edit it a bit, create a whitepaper and launch a ICO for my coin to collect essential funds for creating the phone app, wallet, marketing, etc. I really don't want to create something on the Ethereum platform since I don't know Solidity and most Ethereum ICOs look like a scam. What do you think is this the way to go if I want to create my own altcoin? Also any developers who would be interested in teaming up with me feel free to PM me.

I think coins based on Ethereum are easy to build, that is why we have so many.
If you don't want to use that platform, you'd need to hire some good developers. But the main hurdle would be marketing your ICO, how would you convince people to invest? You'd need huge marketing budget and promising development process to get that.
How far are you into the process?

[rper]

I am interested in creating my own altcoin that will be minable through a phone app. Can I copy a existing coins source code, edit it a bit, create a whitepaper and launch a ICO for my coin to collect essential funds for creating the phone app, wallet, marketing, etc. I really don't want to create something on the Ethereum platform since I don't know Solidity and most Ethereum ICOs look like a scam. What do you think is this the way to go if I want to create my own altcoin? Also any developers who would be interested in teaming up with me feel free to PM me.

I think coins based on Ethereum are easy to build, that is why we have so many.
If you don't want to use that platform, you'd need to hire some good developers. But the main hurdle would be marketing your ICO, how would you convince people to invest? You'd need huge marketing budget and promising development process to get that.
How far are you into the process?

I am only just starting, have started developing a white paper and a website. My team and I are still deciding if we should go with a Ethereum ICO or not. Fortunately for marketing we have developed very good strategies and a moderate following on a few platforms online.