Am looking at CatCoin and thinking it has roughly the same total supply... Wondering if their valuation could be comparable.
That's exactly what I thought. However, Catcoin behaved a little differently, and although that made it more profitable to begin with, the coin just couldn't keep up with the momentum. Once the coin lost some value after getting dumped by the early miners, the hashrate started dropping, and the retarget time was so long that Catcoin ended up in a sort of spiral; miners left because of slow block times and lower prices, and this just became a vicious cycle. Then the coin was forked to correct this, but then the retarget time made the difficulty swing, so miners are just jumping in when it's low, then leaving after the retarget.
Klondike is more like the new Catcoin, but Klondike's retargets are 4 times slower. I'm not sure if this will prevent difficulty swings, as the difficulty will reflect market value. but provided enough people hold Klondike hopefully it won't end up in the same situation like Catcoin.
It can learn from its mistakes though. Ok, yes, people want this coin on the exchanges. That's good, but it needs more distribution among miners. For that we need giveaways and further interest before we even consider getting on an exchange. We should also stay off of multipools and coinwarz as long as possible. They will make the price and difficulty extremely unstable. It's exactly what's happening with Catcoin now.
More promotion, more giveaways, more hashpower on the network. Stay off of coinwarz, multipools and the like as long as possible. We don't want the market controlled by pumpers and dumpers, and by promoting the coin we'll increase the amount of small stake holders.
This coin is an easy sell. The only way it's going to increase in value after hitting exchanges is by promoting it now. It's an easy sell. 20 million coins? The difficulty level is still wonderfully low.
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