What would you want to see in a coin?
What would you not want to see?
I appreciate you asking.
I have been studying this zoo here for a while now.
Do you want to read some ideas? I know I am late. But it's not started yet.
Coins per block 50 (halving every 500,000 blocks ~ 868 days ) ---> Arbitrary
If it's arbitrary to you, then change it to a much shorter intervall than 868 days.
Why? Inflation.
Look at a few dozen coins on cryptsy. Man, look at all of them, on a month scale.
The majority is loosing value. That has many reasons, of course. But one is this one:
If you put out more coins per day than (the market wants to eat + the miners want to keep),
then what happens is ... the price falls. Simple.
Almost everything is happening in the beginning now. You make it right away, or you don't.
So: To make your coin more precious, you could go for the first block reward reduction early, the next one a bit later, etc.
What would happen if you extend the time between two reward reductions each time a bit more?
Premine
A small premine, distributed in small (not to spoil the price of the coin) amounts to many hundred wallet downloaders is an important incentive; and used as small bounties for infrastructure builders (addnodes, block explorer, pools, faucets, logo-designers, sourcecode readers in case of problems, payments systems, ...) can make sense if used transparently, and responsibly. I have seen that go well with some coins, and not so well with others. And I have seen coins without premine starving due to the lack of paid support.
You want a vibrant network of participants who are investing themselves into your coin.
You can impress with a small %-number, I guess. Bounties don't need to be huge. Always compare how much the premine it is compared to the total market, in x weeks. You don't want to be seen as dominating the coin for too long.
If you hand out premined coins in large amounts, try to (partly?) time-lock those coins somehow; early dumps destroy any hope for reasonable prices, then people leave, that's it, coin dead. To time-lock away some of the IPO sounds bad for the coin owners - but it's actually good for them, like it's good for everyone invested into the coin, that you prevent that one or two of your big fish can start massively dumping early.
Budgeted for over 5 years
Think shorter. And if your coin is still around in 5 years, you'd probably be
able to do almost anything with 1/1000 premine, or 1/10000 or 1/100000.
Block reward: Low nominal value till block 2,500 ---> On release initially first blocks upto block 2,500 (~4.5 days) pay-out only 1 coin.
sounds too long. Half a night was good enough in other coins.
Make it 24h, then every timezone can have learnt about the start.
! I might be totally wrong with some of these thoughts.
But perhaps I could give some ideas what to think about ?
Good luck with your coin start!
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