IPO, premine, both or neither? | Bitcointalksearch.org

Monetizer

hero member

Activity: 812

Merit: 1000

Quote from: markm on February 15, 2014, 08:52:52 PM

What is the coin for? Or who is it for?

What is it about all existing coins that makes them unable to perform the function this coin is intended to perform?

-MarkM-

This coin is aimed at investors mainly, it will be a pos/pow coin used to retain value similar to bitbar.

It's main competitor will be bitbar. The thing with bitbar is that there was a lot of controversy surrounding it with a premine/instamine as you can see here: http://cryptolife.net/crapcoin-of-the-day-bitbar/

Now understandibly we are talking about premining a coin that is a fixed version of a premined coin... Although it will be done in the eyes of everyone to see and understand. It will be fair for everyone to get in on and it will not spam out thousands of coins straight away and then just stop producing any coins at all.

markm

legendary

Activity: 2940

Merit: 1090

What is the coin for? Or who is it for?

What is it about all existing coins that makes them unable to perform the function this coin is intended to perform?

-MarkM-

Monetizer

hero member

Activity: 812

Merit: 1000

Quote from: Acidyo on February 14, 2014, 11:08:51 PM

Rather premine than IPO, that way he can make money out of his own coin without wasting other peoples btc if the coin fails hard.

Why not a mix? A small premine just to keep the coin up and going (Can do public wallet or whatever) and then a small IPO to raise funds for services and such.

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Rather premine than IPO, that way he can make money out of his own coin without wasting other peoples btc if the coin fails hard.

Monetizer

hero member

Activity: 812

Merit: 1000

Ok, so these days there are so many scamcoins made for the sole purpose of making the dev's money. Now I know a couple of people who would like to release a coin soon and their question was: If the dev needs SOME money to get their coin of the ground without dumping their coins on everyone how would you preffer they get the money? Run and IPO or have a small premine? Or would you prefer none? The only problem with none is that it makes it hard for people to get services and such for the coin up. Do you have any other idea on how to get some kind of funding? The only other way they see is an instamine/begging in the main thread for some donations.

Topic: IPO, premine, both or neither? (Read 845 times)