In an altcoin project, how many coins is too much? - page 2.

Iamlegit4sure

member

Activity: 350

Merit: 10

💲

Quote from: galactic123 on November 30, 2018, 05:58:19 AM

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 :/

Well, a good rule is to plan for the future. Check coin circulation and actual price and market cap, and now try to project these numbers 10 years from now. What is a likely marketcap that it could reach? 1 billion? 10 billion? Those could be realistic figures. Even 200 billion could be realsitc. But if you think your coin could res h 1 trillion all by itself, then probably there are too many coins in circulation, so the price will never be that high

Brawnsugar

jr. member

Activity: 126

Merit: 5

Let's put it straight, once the tokens are more than 200,000,000, that in my opinion is too much already and not good for the growth of the token price. Only scam projects will issue billions of coins with no real purpose

Cyptobonds1

jr. member

Activity: 262

Merit: 2

I do not think any coin is too much but some coin most times look way higher than what you can imagine although i still don't see that changing anything is like for example ;
A total supply of a coin worth 100m and each worth $10 which means coin with 1b supply can only be $1 each in exchange of the coins. So no amount is too much.

kateycoin

full member

Activity: 882

Merit: 104

Quote from: galactic123 on November 30, 2018, 05:58:19 AM

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 :/

I think it's not a spam coin it depends to project how many coin that they want to use for their project because they will divide it to everything they need for that project like bounty and for the team etc. So its alright if their coins is billion because that is the need of team to make their project to be good.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

Quote from: galactic123 on November 30, 2018, 05:58:19 AM

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 :/

It looks like the coin that try to created a lot of token withtout any purpose to be used on the development of ico. That sucks to see that happen because it doesn't make sense to see an ico created a lot of token rather than to issue low amount of token that will make it even simple than before,

Bonwin

member

Activity: 798

Merit: 38

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.

Fu Mei Mei

full member

Activity: 378

Merit: 100

Quote from: JimmyNg90 on November 30, 2018, 06:23:17 AM

I think the number of tokens depends on the purpose and strategy of the project. Most of the projects they want to use are large numbers to prevent the number of tokens divided into decimal. Maybe it's not cool or not easy to see. And in my opinion, the number of tokens over 100 Billion looks like garbage token. I don't like it.

Yes you are right, at first Pundi X only had total supply about millions but after the product was launched they decided to swap smart contracts and increase the total supply to 10x much more, this is needed so that the ecosystem can run well. So the point is, even though it has a lot of supply if the ecosystem can run well and there are still who are interested to investing, I think this is no problem.

galactic123

jr. member

Activity: 105

Merit: 1

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...

kamar25

jr. member

Activity: 161

Merit: 1

every altcoin that is made has a specific purpose and strategy to support prices, the total supply is not a problem as long as it can achieve a good sales target, because there are altcoins with a small amount, with very expensive prices, eventually becoming a scam coin

Reinz12

member

Activity: 448

Merit: 11

It depends on the developer and the market, in my opinion. But 10 million coins is too much especially for altcoins.
But they can burn coins if there is too much supply and the price is too low.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

it will come down to their usages.

for example bitcoin is a global currency which is supposed to be able to be used by everyone around the globe as a currency so having 21 million (don't forget the decimals) seemed a good number.

a lot of altcoins have no use cases and are only used for pump and dumps so even having 1000 coins is too much if you ask me.

also we have tokens such as ethereum which are supposed to be used as a fuel for smart contracts so there shouldn't really be any supply limitations. hence the unlimited supply of ETH.

don't forget that when you are talking about price, then it is a different discussion. for example if you are planning on creating a new coin it may be best to limit the supply to a much smaller number so that you can get a better price and make more profit.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

More than 100,000,000 supply is already too much in my opinion.

But these new altcoin creators are even doing much with that, they are creating billions of tokens for which each worth is less than a centavo. They are making money for having such number of tokens and this norm can't be broken anymore.

JimmyNg90

copper member

Activity: 196

Merit: 0

I think the number of tokens depends on the purpose and strategy of the project. Most of the projects they want to use are large numbers to prevent the number of tokens divided into decimal. Maybe it's not cool or not easy to see.

And in my opinion, the number of tokens over 100 Billion looks like garbage token. I don't like it.

galactic123

jr. member

Activity: 105

Merit: 1

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 :/

Topic: In an altcoin project, how many coins is too much? - page 2. (Read 372 times)