Topic: Big Altcoin Project (Read 710 times)

Nice to see people who are willing to promote something new to our community.

I am just curious why not to find altcoin which you think is meeting your requirements and promote it than to create a new coin?

I suggest you look at Bytecoin (BCN) and Darkcoin (DRK) - both are completely anonymous.
They are not just another bitcoin's clone, they have some innovations and can compete with bitcoin.
Fithermore, I have heard Satoshi is one of bytecon's devs.

I presume the coin would be premined but the creators won't get any free coins before the IPO

Yes well indeed this project have got few week points.

I really suggest to make something else - not another coin.

Chances to fail are huge.

Another coin, just what we need!
How do you create the coins for the IPOs with 0% Premine?

if the coin take a hit and everyone dumps. are you still going to fight for it?

I think in addition to this comment, that you need to have a concrete value proposition
1. What will distinguish your coin from others.
2. Now IF you could get some internet facing vendors to have a payment gateway to your coin at start and
2.1 Have a /BTC agreed pegging for the first X months - might have something.
3. In the absence of anything distinguishing and showing that your coin is not another wanna be / fly by nighter - it will be mined and dumped and discarded as soon as the next thing comes along.

Sorry if the above is negative, but maybe you can use it as a kickstart to think of something truly great.

Quote from: roslinpl on April 13, 2014, 01:17:42 PM

Idea seems not bad but you must remember, that making your plan alive will be hard

This is another altcoin project, and even if this is "new" idea how to build it ...

Why people want to create another coin?
Why just not to use Bitcoin?

Idea seems not bad but you must remember, that making your plan alive will be hard

This is another altcoin project, and even if this is "new" idea how to build it ...

Why people want to create another coin?
Why just not to use Bitcoin?

Okay, So let me start. I've seen alot coin's here (with IPO/without IPO) and most of them disappeared after few months because there was no active team behind it or coin got pumped and dumped by developers or there was nothing new/less interest.

I am not sure why decentralized coins are getting prepared by a centralized team, why not do it in a decentralized way and make a proper coin which will include cloudmining concept, anonymity, marketplace and a proper contract with IPO investors.



My Plan:

0% Premine (Investors will get coins as dividends weekly)
1. IPO (Secured by Multiple escrow providers) Round 1 (For Initial bounties )
2. Coin's name/logo will be decided, website/social media profiles will be created, promotion (Bounties will be given as shares of coin)
3. IPO (Secured by Multiple escrow providers) Round 2 (For Development bounties)
4. Coin's features, algorithm etc will be decided and bounties will be published
5. IPO (Secured by Multiple escrow providers) Round 3 (bitcoins raised in this round will be used to make a online marketplace, coudmining project)
6. Coin Testing and marketplace/cloudmining sites will be created. (Dividends will be calculated by the total earning from sites)
7. All bin's will be created, blockchain etc will be created.
8. Coin will be launched.

I need more ideas,suggestion,feedback and people who want to help to make a change in altcoin currency market.