If there is already a clear concept to create a token. It seems that creating a token is not just a solid team, it also requires a concept that attracts many people including investors.
Do you already have it?
I have a great concept, already created a token on Waves and started distributing it, but it seems my idea is slightly ahead of current technology and most developers won't even give me a quote.
A simplification as how I'd like the network to function below. An excerpt from Vialcoin.com
"In a nutshell, this is the system we’re envisioning, and the fair balance is explained below:
nominal 0.01% transaction fee ( not standard nominal I.e. 0.001 )
transaction fees can rise for the richest to as much as 0.05% per transaction, as individual key volume levels are reached (5 levels)
transaction fees can drop for the poorest to as low as 0.002%, as key differences between poorest and highest users are reached ( 5 levels)
transaction fees and new mined coins automatically distributed among registered wallets
rewards/drops (new mined coins found in blocks) stay fairly constant throughout the entire mining process
restrictions on max CPU/GPU each wallet can mine with "
There are no cryptocurrencies that charge a % fee for transactions, and however it's justified, it's wrong. As the value grows, having a nominal fee will only benefit the very rich, who can transfer millions paying peanuts, while the poor might end up in the scenario of having to pay 0.001 BTC, but only have 0.0001 to send. Who benefits if BTC reaches 1 mil dollars a pop? Think about it. All other crypto's out there, without exception, have the same inherit flaw, and I didn't even touch the mining issue.
Are there any pitfalls to what I'm trying to build that aren't immediately obvious to me?
