Topic: How to create a valuable altcoin without conducting ICO? (Read 302 times)

Ultimately the answer to how to create a valuable altcoin, aka how to make an altcoin valuable, is almost trivially simple:

Build it a strong "buy side".

To keep it valuable, do not "rug pull" your buy offers out from under it and do not issue more of it than your buy offers are offering to buy.

To ratchet up its value further, take all proceeds gained from folks taking your sell offers and use them to strengthen the buy side.

You need not hassle exchanges to try to convince them to list your coin, you can simply tokenise them yourself, e.g. on Stellar.

Almost all sites articles etc that mention value of a coin, including many that calculate its "market cap" look at the highest price buy offer that hasn't yet been "taken" or at the last price it traded at; not sure many of them do volume-averaging on those figures e.g. average last X number of trades or Y volume of trades or maybe even whether all the buy offers down all the way to the lowest possible price are enough to buy all outstanding coins.

Remember, money is IOUs. They are only valuable if folks know or I suppose even imagine that you are going to "honour" them...

-MarkM-

You'd virtually need to release a new innovation to capture attention and some projects achieve this and are commuity funded and don't require an ICO like Grin, which is based on Mimblewimble technology and was successfully launched mainly due to some marketing hype it received so that is a major factor in the success of non-crowdfunded projects

The main objective of the coin is for me one way to create a valuable altcoin.

To be honest, I don't see any altcoin right now that became successful without launching an ICO or even an IEO (if there are some that you know then you can share it here) so launching a coin without an ICO and hoping it to become a successful one is very hard even though the objectives of your altcoin is very helpful to the people.

ICO is another way of marketing the coin so if you don't conduct an ICO, you should think of another way to market your coin aside from conducting an ICO.

ICO is only carried out by projects that do not yet have sufficient funding to develop their projects. Most good projects have made prototype platforms with developer money and then get investors from marketing or promotions that they do themselves without going through ICO funding. sometimes you can also see projects that suddenly stop selling because they have already gotten their main investor before the ICO starts. that's because the team has received funding for the development of the project which the team felt was sufficient.

They can create a value but for only small satoshi. Before doing airdop and make it successful but because too many people want to also copy the success of first airdrop they make thier own also and becuase there are too many project coping this it will not work now.

A ground breaking project backed with strong team, influencers and strong hype are all needed to successfully create a valuable altcoin without a project.

The truth is that, it is long we have had valuable altcoins. Even if an altcoin looks real at the beginning and it seems as if it is different from every other coins, it will get to a point that it will start behaving like others. It means it has lost its sustainability.
Investor trade on them and AF er obtaining their profit, they del the off, leaving the remaining for the next phase of investors.

The first step towards creating a valuable yet ICO-free altcoin is by first identifying a problem. This is key. Most projects during the ICO bubble failed this part. All they did was trying to create solutions for an already solved problem. that's why most of them fell short of demands in the long run. After identifying a problem, steps should be taken to solve it. If done correctly, you would create an altcoin without ICO yet very valuable. I know of tools that are free yet widely used. The same can be done for an altcoin. Only problem is, most developers / people have their eyes on money.

On the whole, it's a nice idea. E-commerce is one the best area for the application of cryptocurrency and blockchain, however, I have some doubts regarding its application which I am listing below:

• In what currency will sellers be paid? Will they be paid in fiat money or token? If they are paid in fiat then the model of token will have zero relevance. If they are paid in token, what incentive will be there for sellers?
  
  
• Will the value of token be pegged to something like USD or floating? For perfect functioning of market, the value should be stable. Why? Because to provide buyers instant tokens to complete the purchase, it is more viable if buyers clear sell orders rather than creating buy orders. If vendors are to be paid in tokens then sell orders will be most likely be created by vendors. Now the vendor having lowest sell price will have his order clear first. This will create competition among sellers to liquidate their tokens first. Eventually price of token will depreciate at every trading cycle. It will be more clear if I use an example. Suppose person purchased 1 iPhone worth $750 and an air-conditioner worth $500. The price of token at the time of purchase was $0.50 per token. He got 2500 tokens and used those to pay for bill which was $1400 ($1250+$150 shipping). After the purchase was complete, the tokens will come back to me. First of all, I will bear the loss of $150 and that's ok because this will help in creating market for my tokens. Next I will take my commission (suppose 15%) and pay rest of the 2125 tokens to vendors, let say, 1275 tokens to Vendor A and 850 tokens to Vendor B.
  Now Vendor A created sell order @ $0.50 per token. Vendor B had more urgency and he created order @ $0.48 per token. Then next buyer came and purchased tokens for $0.48. The circle will continue and market will die unless some holders try to manipulate it by creating fake demand or the value of coin is pegged.
  
  
• Shares of company are something we consider as the capital of company and place that at the top on the Liabilities side of our balance sheet which means these are most permanent and once issued, will only return back to company in case of buy-back of shares or dissolution of company. On the other side, tokens will serve as an integral part of trading cycle and form the part of working capital flow and will return to company after every purchase. Tokens will be more like current asset than a share capital.

These days, all people care about is fast money and hype.

Back in the days, 2013-2014 premined coins was NOT popular, as Darkcoin (Now DASH) premined most of the supply, which made people FURIOUS. If you introduced and ICO back then, NOBODY would buy into the "scam". Kinda funny how people have changed, but it goes to show that crypto is no longer what it used to be, and it's no wonder why we see so many ICO projects fall like no tomorrow - Because they are CENTRALIZED from the very beginning.

People talk about "working products" as if it means all that much, if it did, there would be no way that Blocknet would have a marketcap below $5 mio. when you consider they run the ONLY real decentralized exchange in the world. - Don't be fooled by: Bisq, Waves, Binance, IDEX.. They all have some kind of centralized point of failure if you dig down on the way they run.
Not only that, but Blocknet solves the Oracle problem, using their Xrouter services. All you see these days is the hype around Chainlink.

There are literal vaporware scam ICO projets with nothing going for them in the $100 mio marketcap range, which is insane.

I can name so many good projects doing amazing things, but it doesn't seem like anyone cares. IEO's will be the new ICO madness without a doubt, for people to pump and dump on each other.. 

these two things can make a new project popular. features that other platforms don't have and big names that promote, or become one of the project teams, can boost their popularity.

and I don't think anything else needs to be made to make a new project famous.

I can give you a very simple idea! A lot of tokens fail in the market because they don't have any utility so try to create a place first where people will be able to use your tokens to get goods or services as well as profit dividends. It's hard but not impossible. Here is the plan of action,

1. Create a website like Ebay with worldwide shipping facility and low product price where people will be able to use fiat money as well.
2. Tell your customers that they will get some additional benefit like 15% discount or free worldwide shipping if they use your token to purchase goods.
3. Have a swap facility build within that platform where people can instantly swap their fiat money into your token and complete the purchase. Let me tell you how it will work,

    a) I want to buy a goods worth $100 and need to pay additional $15 for shipping to my country
    b) While adding the product to the cart, a pop up will appear stating that the shipping cost can be zero if token is used instead of fiat money.
    c) A swap link will appear along side the notification where the customer can convert his fiat money into token
    d) This is how you create utility of your token. Won't be much during initial times but once you start receiving volume, this is going to be huge

4. Your token will also be considered as a share of your company. Every token holder is the share holder of your company. So you pay them yearly dividends in the form of token. Just imagine if Alibaba start this kind of plan, wouldn't you be rushing into buying their token as it will create as good passive income source for you?

I know my imagination is great! Lol!
 

I like all your analysis and the truth is that making an Altcoin stand out is a pretty big challenge, I share the idea that the vast majority of investors are only thinking about the benefits they can have when experiencing a price increase, despite I think that it is possible to stand out in a competitive market.

The Blondcoin cryptocurrency (BLO) is betting on a real practical and massive use, for which it is working on creating a wide market of goods and services using BLO, where web hosting and advice is given so that people and companies can place their products In addition, there is a program of ambassadors, Trust Network and personalized professional advice.

Blondcoin (BLO) is a project with a clear vision of leadership and there is a team that is working hard to achieve those goals.

Learn more about the Blondcoin cryptocurrency (BLO) by visiting the following pages:

The general page of the project is:

https://www.blondcoin.com/

Exchanges page:

https://www.blondcoin.com/exchanges.html

For its simplicity we recommend the Saturn.network Exchange, the following video shows how to use it with Metamask.

https://youtu.be/guv5g5qloCw

The page of Satur.network is:

https://www.saturn.network/exchange/ETH/order-book/BLO

The English Telegram group is:

https://t.me/Blondcoin_en
 
You can make all the queries you want to this email or by writing to the project team at: [email protected]

I checked the markets for AWC and gross volume is just $200. I don't think we call a coin successful if its real market is not even 0.03 BTC!

Also, wallets and exchanges are completely different area of play. In order to create a successful wallet/exchange based coin, we first have to build a successful wallet/exchanges which is being used by minimum 100K users (that's my personal definition of success for such projects).

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Features are surely the backbone of any cryptocurrency. I don't argue that. But you can't go forward and create a new currency by just adding a few features to existing one. I always advocate the idea that whenever someone thinking to create new currency, he should only execute the idea if the project gonna bring some major improvement to ecosystem, not just how a coin works. For example,  Solidity i.e. the language developed along with Ethereum to create smart contracts has several limitations. One of which is that you can't generate random number using this language. Another limitation which is comparatively minor is that you can't create array of strings in Solidity.

Now if I compare these two limitations, former is proving to be a major hurdle as one of the popular use of blockchain is gambling and it isn't possible to create completely fair game with smart contract. But on the other side, it is easy to tackle latter one with some front-end Javascript-based library.

So, if someone solves the problem of RNG and creates a new blockchain/coin, it is understandable. But if someone just improve the chain and provide the capability of adding array of strings and create new blockchain/coin, then I don't think the coin will be successful at all.

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The best example for your topic is AWC (Atomic Wallet Coin) which is a utility token for Atomic Wallet. The Atomic Wallet team never conducted an ICO and still, they were in profit from day one. If you create good products and provide good support you do not need an ICO or IEO.

AWC is listed on IDEX and BINANCE DEX.

I still care about this, lets say the new coins more safe and faster than the original source.

Example one of my coins called X-CASH, they using a monero source code for their algo. The transaction was really anonymous, faster and more cheaper than monero, X-CASH got a good ROI. At the beginning of their project, the diff mining get price around 20 Litetoshi and now they reach 120 Litetoshi in the past few weeks ago.

BCH its non-airdrop, its a forked you need to hold "Bitcoin" to get BCH.

Airdrop its a free distribution for the coin, but if you want to get BCH you need to hold Bitcoin to your wallet or some exchange who share their snapshot BCH for the customer.

Anyway, about a project, i don't know everyone doesn't want a non-ICO project. If you want to know, investing in new coins from non-ICO project who have potential grow more safer than ICO. Cause you know the generate of coins for each day, it makes the market more stable and the coin can make the volume first since the coin was new.

Yes that could be one good reason to make it happen.
Libra is also one example. Big name, Facebook. Look how much people are trying to support it even if the government is questioning about the privacy of the people. Absurd.


The good example here should have been the BCH. Airdrop? Right?
Ownership is bitcoin and BCH is the clone.
They made it look like bitcoin to confuse the buyers. Yeah, bitcoin cash. People though they are buying the right thing until they see it thoroughly.

You could raise fund and reward people who contribute to the funding through other means. I don't know any better & sustainable way to source for adequate funding from the community without incentivize.
 Another method is staking or mining(pow/pos/hybrid) the new crypto mixed with masternodes service and other similar means that incentive holders.
If you create a solid & viable project, it can attract enough miners/holders and your coin will most likely increase alot in value.

I have read all the posts so far and almost all of these are stressing on one idea: a working product

However, my question is what do you consider as working product? There are two popular ways through which new projects try to enter market, they either create new blockchain that provides some infrastructure to other projects like Ethereum or Tron. Or they create tokens that back or act as fuel for some real-life projects like dentist's token, food industry's token, agriculture's token and what not.

Words of wisdom, brother.

Most coins were created without ico's if I've got my crypto history correct, since the entire ico craze was mainly between 2017-18 and by that time there were already 100's of coins on the market in addition to all of those crap tokens on the Eth blockchain and others.

The only way to create a valuable coin at this point would be to make one that offers something other coins don't.  Innovation.  Most shit coins are just me too attempts to cash in on crypto enthusiasm, and after that waned in 2018-19, most coins dropped in value so much so that many are dead.  If you release a coin now, that's going to be its fate unless there's something unique about it.  Apparently nobody has any new ideas because there hasn't been any progress since Eth came out.  The crypto market has been littered with dying coins and tokens ever since.

it might be possible to privacy coins with the support of investors who are special partners with a 40:30 share

I mean there is a memorandum of understanding internally, and they don't need public ico anymore. all have been covered by funds from special partners involving large companies, I think about projects that are truly potential and not circulated transparently in the initial concept. Then what they do next is distribute 10% in the form of airdrops, and the rest for exchange etc. All thoughts are still focused on coins which are "working products" and I have not found other types of valuable coins that can be included in this category.

This is by far the most important aspect of a coin, when bitcoin was first created the reason for its creation was very clear to become a decentralized currency, since then almost all the coins that have been created have the very same purpose and that is why it is impossible for them to surpass bitcoin, but some of those coins have included new features and characteristics unavailable in bitcoin like smart contracts or improved privacy.

So if a coin that is being released today does not have an original use case like most coins at least it needs to have amazing features that you cannot find in any other coin, most of the time that is not true and that is why most coins fail.

It needs to have an use case. You dont create a coin and then search for the use case. You have a use case and then make a coin for it. If there is no reason to make one then you simply dont do it. ICO makes coin less desirable. It automatically makes a coin a security. Some managed to dig out of that. But most countries are not that strict about that yet. 

The first is the product, yes it is very important (someone will not buy without looking at quality). Without real, functional and clear products. inflation will not occur and investors will not glance at it. for now between the two things, namely: the fact that the current project does not have new ideas or innovations that appear in the public and investors have lost confidence in the new project.

Vision, mission, products, features, goals, problem solving that is in the public, innovation or new ideas, promotions, partners. If all that is occupied by a project it will run smoothly and successfully, and one thing is that a project must follow the direction of technology going. If not then it will miss the train and be like the reality now (will slowly die).

That must be to create a product. Remember about what you need to have a fully working product. Right now, some people are thinking if that will almost impossible to create a coin that will be really valuable without conducting ico but you forget about you have some examples of altcoin that already exist that was really valuable. i can call energi as an example. As long as you have a fully working product first and your token will be valuable after that. But this depends on your skill to create a product. Without ico the value of the token will come from the product as more people interested to buy it.

Roger is forking a coin not creating, that's big difference there. One example of a good project that they really didn't do an ICO even when that time ICO was very common is Oyster Pearl. They were just airdropping it.

One project like BYTEBALL is one of the best so far that had done something very unique in the old days and when you were here 2016, you probably have a owned good amount of Obyte too when they distribute to BTC owners.

So we are almost heading towards 2020 and altcoin is no longer a stranger term to people. In past 8 years, we have seen all types of altcoins. Famous, forgotten, altcoin gaining 10000x value, altcoin losing 99% value, almost every type of coin.

So new altcoins no longer excite investors like they used to do in 2015-16. Now people expect much more from a coin. ICO is one way of giving value to a coin. A coin with successful ICO is likely to be listed at higher price than a coin with failed ICO.

But what if someone wants to launch a coin without doing ICO? How do you think it is possible to create a valuable altcoin in 2019-2020?

Features? Well, at present we have all sort of altcoins. PoS, PoW, privacy coin, anonymous coin, no-fees coin, instant confirmation, unlimited supply, limited supply, ERC-20, independent chain, coin with dapp platform, altcoins today have all kind of features. I don't think investors care about features at all while buying coins.

Big Names? A coin backed by big name may have a higher chance of getting valuable even without conducting ICO. Roger Ver and BCH is one such example. But not everyone is as famous as RV, so?

Airdrop and distributed ownership? This took me back to the days of e-altcoins. I literally used to hate coins like e-BTC. As a new trend, people shamelessly created copy of existing high-valued coin on ERC-20 chain and distributed it among people via airdrops. I still wonder how and why e-BTC used to have volume as high as $7M!!! But this trend was a mere bubble and shattered very soon. Now it is not at all possible to create a valuable coin by simply copying a coin on Ethereum chain and distributing it freely to people.

Strong Project? I have learnt one thing in my life - Do not trust the promises of two people - Government and ICO. If I take a sample of say, 100 random ICOs launched in 2017 and raised their cap successfully, only 10-15 would have actually deliver what they promised. And I am talking about ICOs launched 2 years ago! Projects hardly contribute to the value of coin. Investors mostly ignore what problem a coin is solving, they are only concerned with the value and that's it.

So I repeat my question. How can one create a valuable altcoin without conducting ICO in 2019-2020?