I have seen coins with about 500 million supply. I don't mean anything until 500 million is alright but if it is 500 or more it might be too much. I think the max should be around 210 million coins which is fine if you ask me and it also depends on how well the coin was made.
For example, it is alright for dogecoin to be whatever it is, I don't know the max for dogecoin but I am sure it is 100 gazillion or something since you can get thousands of it for couple cents. That is fine for dogecoin because there wasn't really any "finance" logic behind it when it was first created, it was created to be a joke.
Reddcoin was about the same, when it first came out it was about reddit to begin with and was for upvotes and downvotes and of course the more the merrier. There are few like that but they are exceptions not rules.
Topic: In an altcoin project, how many coins is too much? (Read 327 times)
Running a small little research around here. For example, Bitcoin has (or will have) a total of 21 million coins, tops. Litecoin seems it will have up to 84 million coins, total.
In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
The token supply is not really that important. But if it's too much, it will increase the chance for whales to easily manipulate that altcoin in the future. In addition, the oversupply of resources makes the values of the tokens lower and allows traders to hold more tokens. In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
Hmmm... I'm thinking in the (hypothetical) creation of an altcoin with a max supply of 500 million coins. Should be plenty without falling on either "too little" or "too much" side of things.
Maybe with a premine of 1% (5 million coins) for bounties, rewards, airdrops, and kickstarting things.
Coin to be used by at least two marketing sites, one browser videogame and potentially one blogging platform and maybe one casino.
Sounds better, worse, the same as most altcoins being pushed these days?
Thus far these questions are only research. Trying to establish plans for a half decent altcoin. Not expecting to make the next big thing, but at least make it valuable within a community with at least some use.
---
The thought crossed my mind, but in the end I think that making 21 million coin supply or less can be a double edged sword. Could potentially give the impression that I am trying to equate this new altcoin with bitcoin on a 1:1 ratio and many may find it "scammy" or maybe even "pretentious". Just my thoughts, though.
Maybe with a premine of 1% (5 million coins) for bounties, rewards, airdrops, and kickstarting things.
Coin to be used by at least two marketing sites, one browser videogame and potentially one blogging platform and maybe one casino.
Sounds better, worse, the same as most altcoins being pushed these days?
Thus far these questions are only research. Trying to establish plans for a half decent altcoin. Not expecting to make the next big thing, but at least make it valuable within a community with at least some use.
---
... and if you are stuck then you can always use bitcoin as a reference. it has 21 million, so choose either than or a smaller number unless you think your coin is going to be used more than bitcoin!
The thought crossed my mind, but in the end I think that making 21 million coin supply or less can be a double edged sword. Could potentially give the impression that I am trying to equate this new altcoin with bitcoin on a 1:1 ratio and many may find it "scammy" or maybe even "pretentious". Just my thoughts, though.
Running a small little research around here. For example, Bitcoin has (or will have) a total of 21 million coins, tops. Litecoin seems it will have up to 84 million coins, total.
In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
Depends on the valuation. An ideal coin must be priced somewhere between $0.1 and $1.00. In case of Bitcoin, it is 4,000 times higher than the upper limit. This causes a reduction in the acceptability, since many newcomers may think that BTC is too expensive.
Thanks for all replies everyone!
Me and a couple friends have been working in the creation of some sites, some aimed at online marketing (where people can get referrals for wathever program, etc), and some sites aimed at games also. We found we have this internal token type thing in the system to get perks and what not. Then we decided, why not create a token that could be taken beyond our platforms?
Then me and my friends hit our first wall: How many coins, total supply?
Should coin amount issued be static and thats it, or should new additional coins be issued yearly? I mean, in the altcoin world it is very easy to create totally worthless s**tcoins...
Me and a couple friends have been working in the creation of some sites, some aimed at online marketing (where people can get referrals for wathever program, etc), and some sites aimed at games also. We found we have this internal token type thing in the system to get perks and what not. Then we decided, why not create a token that could be taken beyond our platforms?
Then me and my friends hit our first wall: How many coins, total supply?
Should coin amount issued be static and thats it, or should new additional coins be issued yearly? I mean, in the altcoin world it is very easy to create totally worthless s**tcoins...
you have to try and predict how much your coin is going to be used and by how many people. then try to come up with a good supply design and supply distribution plan so that you don't create inflation and at the same time you don't crash your coin's price overnight and more importantly not to turn into a scam premined coin which you control majority of the supply!
and if you are stuck then you can always use bitcoin as a reference. it has 21 million, so choose either than or a smaller number unless you think your coin is going to be used more than bitcoin!
I have only a few altcoins because my level is still low and definitely has a small share. this depends on the altcoin distribution.
I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
It is indeed a spam coin. Initially, crypto is competing with fiat's unlimited supply and when a cryptocurrency ends up with higher supply than all the money in the world, that is more likely a garbage. You could see more it on ethereum network.
To mention the value of a coin, the lesser the total supply and the more the usage or utility the more valuable it would become.
Then me and my friends hit our first wall: How many coins, total supply?
Should coin amount issued be static and thats it, or should new additional coins be issued yearly? I mean, in the altcoin world it is very easy to create totally worthless s**tcoins...
Should coin amount issued be static and thats it, or should new additional coins be issued yearly? I mean, in the altcoin world it is very easy to create totally worthless s**tcoins...
You need to balance your coins amount to it's usage on your platform, you might end having having scarcity of the supply. It's okay to have an okay volume of supply, you could always burn some of it later if it is largely over on your platforms utility.
Running a small little research around here. For example, Bitcoin has (or will have) a total of 21 million coins, tops. Litecoin seems it will have up to 84 million coins, total.
In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
This varies greatly, the amount of supply for most Projects cannot be described. there are projects that provide little supply and there are also projects that provide a lot of supply. However, in the majority that most altcoins have a very large amount of supply.In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
especially they don't prepare the good things to make their tokens valuable, i think it's almost the same as a garbage token.
The number of a coin depend on the strategy the developer is using or the purpose of the token , so having large number of token as total supply to me is still not have much effect to the price but it even gives room to more increase in the price than a very short supply .
For example if a coin is 21bln in total supply and compare to 21million of btc which means four fold of btc supply lime having 1:1000 but the price are will be different cause of the newly token and btc has been in the market for decade so if you work it out in a decade like btc the 1000token might worth what 1btc is when it was 10years old too.
For example if a coin is 21bln in total supply and compare to 21million of btc which means four fold of btc supply lime having 1:1000 but the price are will be different cause of the newly token and btc has been in the market for decade so if you work it out in a decade like btc the 1000token might worth what 1btc is when it was 10years old too.
all depends on the purpose of the project to be achieved, we cannot compare all projects just by looking at the quantity of coins they distribute. but for now there are several ranges that can be considered relevant enough for a project to survive. when we talk about 10,000,000,000,000 coins, that's a number that is too much. because of seeing the volatile crypto market situation, people's interest in buying new coins will decrease. so a figure of that size is a risky bet for a project.
Total supply of a project is not what important that can decide token price, each project will have its total supply that the team calculate. What will decide token price is the quality of the project, so to investing in a new project, we don't need to put too much consider about total token supply.
Indeed, it needs to be considered how much supply and how many bids are made so that later you will not have too low a coin. There have been many different sectors making coins and this grows a lot of coins every time. We need to learn about supply and supply then demand so we are easy to draw conclusions from the value of the coin.
When the total supply that there is too much then this will make the price very low. How many blades where maybe that's standard everyone will be different. Amun if I then 300 million was already a significant number of coins and already have a low selling price. in bounty saw total existing supply important enough to determine the potential of the results that will be obtained.
I do not like seeing coins with supplies that are just exuberant. Most times, such coins are just shitcoins and the developer is just looking for meanings to sell them and opt out. Such coins can easily be sold at 1 gwei by the developer and he will be fine with it.
It's all decided by the developer and we have no right to interfere with it. This will greatly affect your investment if you keep it in the long run as we can not be sure what the project will do with the Token they have.
Altcoin is indeed a lot of types and in the future there will certainly be more and more altcoins circulating, but not all altcoins I think can survive, altcoins that have good prospects will certainly be able to last a long time in the future if you will invest in these altcoins. choose it
Running a small little research around here. For example, Bitcoin has (or will have) a total of 21 million coins, tops. Litecoin seems it will have up to 84 million coins, total.
In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
This varies greatly, the amount of supply for most Projects cannot be described. there are projects that provide little supply and there are also projects that provide a lot of supply. However, in the majority that most altcoins have a very large amount of supply. In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
Running a small little research around here. For example, Bitcoin has (or will have) a total of 21 million coins, tops. Litecoin seems it will have up to 84 million coins, total.
In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
In your opinion, when a new altcoin is created, how many coins is just too much? I have seen projects with like 10,000,000,000,000 coins. That looks almost like... a spam coin :/
A project however good that may look should not have billions of supply, I have seen good project with very large supply that struggle to make demand on their coins because to many people are dumping it, even if there are projects and platforms to offer the modest supply should be 300 million.
I believe that new coins has a right as the other coins and in my opinion only the best coin will remain in the crypto market. I agree that there are too many coins out there and also, there plenty of shitcoins that are trying to be legitimate one but it does exist just to make money from the investors and will be gone later leaving the poor investors behind.
I don't think 10,000,000,000,000 (Ten trillion) coins is too much for altcoins like a utility token.
We are being limited in thinking crypto as an investment scheme while its real importance lies within utlising it for both monetary and non monetarial use.
We are being limited in thinking crypto as an investment scheme while its real importance lies within utlising it for both monetary and non monetarial use.
It's too much when an altcoin's max supply is near or above a billion imo. Having a huge supply doesn't make an altcoin bad I think it's a good way to reduce volatility look at some of the altcoins that have a huge circulating supply like dogecoin.and bytecoin. Their price movements are somewhat minimal when compared to the ones that have less supply.
If you plan on having small max supply keep in mind that having less doesn't always make an altcoin more valuable. 21coin is one example of it.
If you plan on having small max supply keep in mind that having less doesn't always make an altcoin more valuable. 21coin is one example of it.
Jump to: