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July 31, 2018, 10:00:21 PM |
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Trying to wrap my head around our current idea for raising funds for the foundation. Our goal is to raise enough to continue development of the coin and to work on vendor adoption.
The biggest issue is that I can't find precedence where a straight up currency coin had an ICO. Most coins are POW, and the few that are POS - like NXT and NEM - didn't ICO but shared the coins -- in NEM's case it was right here on bitcointalk, accepting negligible amount of BTC and distributing to about 4000 people
So is this something that is theoretically doable? I can see why it would be appealing since people would have the ability to exchange for TAUcoins before the secondary market was built. Or is this a ridiculous direction and we should look to airdropping/distributing the token like NEM did?
What is the best way to move forward? Are there any examples that did ICO?
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