I am the IT department team member of an investment company, and the company wanted to create a coin to distribute to its investor and this company coin is backed by BTC/ETH/FIAT
The question is
Should we create the coin under ETC network or BTC network, whats the difference of PRO & CONS.
I tried before forking a coin in BTC a few years ago, but the issue is our requirements are
1) We don't want anyone to be able to get the coin other than the company who will supply it / through exchange
2) We want a max coin to be distribute and the owner of all the max coin will be the company initially
3) We have a plan to pump in 6 figures USD every week in term of BTC/ETH to buy back the coin that we distribute out through Coin Exchange.
4) We want to able to create wallet address for our investor and send the coin to this address.
5) We want to able to automatically through CLI send out investment payment in term of coin to investor wallet address. (I know BTC fork can do this, e.g Dice site to process withdrawal etc) and to monitor incoming payment to our BTC/ETH wallet
6) We want to able to send the key and the address so that we can guide our investor on how to setup account on Coin Exchange and to link their coin wallet to their exchange account.
7) We have intention to pay BTC to get it listed on Exchange to make it easy for our investor to convert it to BTC (which we will buy from that exchange)
Which coin should we fork our coin on , ETH or BTC. What do you suggest.
If we choose to fork in BTC, is there a way we can prevent outsider to mine it (e.g set extreme difficulty to even mine 1 coin of it) which is fine for us.
Is there a way to prevent error from happening, because if we use BTC, we would need to pre-mine a lot of it, and would it cause the client to go haywire.
Thanks for your generous advise.
ETH based coin is more suitable for you , its smart contract will run smoothly for your company . The question is
Should we create the coin under ETC network or BTC network, whats the difference of PRO & CONS.
I tried before forking a coin in BTC a few years ago, but the issue is our requirements are
1) We don't want anyone to be able to get the coin other than the company who will supply it / through exchange
2) We want a max coin to be distribute and the owner of all the max coin will be the company initially
3) We have a plan to pump in 6 figures USD every week in term of BTC/ETH to buy back the coin that we distribute out through Coin Exchange.
4) We want to able to create wallet address for our investor and send the coin to this address.
5) We want to able to automatically through CLI send out investment payment in term of coin to investor wallet address. (I know BTC fork can do this, e.g Dice site to process withdrawal etc) and to monitor incoming payment to our BTC/ETH wallet
6) We want to able to send the key and the address so that we can guide our investor on how to setup account on Coin Exchange and to link their coin wallet to their exchange account.
7) We have intention to pay BTC to get it listed on Exchange to make it easy for our investor to convert it to BTC (which we will buy from that exchange)
Which coin should we fork our coin on , ETH or BTC. What do you suggest.
If we choose to fork in BTC, is there a way we can prevent outsider to mine it (e.g set extreme difficulty to even mine 1 coin of it) which is fine for us.
Is there a way to prevent error from happening, because if we use BTC, we would need to pre-mine a lot of it, and would it cause the client to go haywire.
Thanks for your generous advise.