Is it normal to build a crypto currency without ICO

cryptomium

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Quote from: St4yInTh3D4rk on January 28, 2018, 08:01:48 AM

Quote from: Asoss.io on January 28, 2018, 07:47:54 AM

Me and my team building a new Altcoin. The first Egyptian altcoin. So we didn't want to start it with an ICO. Is it normal to start a coin without an ico and if yes what is the effect of that

Sure,but how you gonna sell your tokens without ICO,no one will buy it when you directly listed it into exchanges.So you need to do ICO if you want to bring investors to your coins or your coins will become worthless without any demand.

yah" buddy" thats is okay..
You need directly in to the exchanges. But the only question is how do you introduce your tokens especially to thouse who intend to invest here if there is no ICO? Like others investors is to find a better platform for their investmen. May even be possible to introduce your tokens even in a small ways like airdrop to show your platform just for your tokens.

thanhdatdat23

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There are many coins which is successful without doing ICO like Ucash (it was in top 25 CMC - highest price was 0.2$ with 8 billion market cap) it only has IBO. There are some crypto currency like REBL (Rebellious) or EQUAL, they have only airdrop and bounty without KYC. REBL gave away 4000 REBL/filled form on its airdrop which could be sold ~1200$ when it hit BIT-Z. Some airdrops need KYC like Polymath... highest price was ~400$ for 250 POLY, awesome! So if you are building a crypto currency without ICO, you need a strong community with strong supporters then you can call for investors/buyers when your coin hit exchanges.

Clay99

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Quote from: Asoss.io on January 28, 2018, 07:47:54 AM

Me and my team building a new Altcoin. The first Egyptian altcoin. So we didn't want to start it with an ICO. Is it normal to start a coin without an ico and if yes what is the effect of that

I have seen a few do it without an ICO. Most notably Polymath - they gave away 10% for free. Honestly this was a genius move.

leea-1334

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It is perfectly normal. Look at the biggest coins and the ones with the best communities. They did not need ICOs. Take Bitcoin as your best example. Want alts that are strong? Litecoin, Monero, even Byteball proves you do not need ICOs, in fact they gave away their coins and they have some of the best developers and communities.

ICOs made everything not normal. Money for development is the easy path.

Aegis Platform

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Aegis Platform (www.aegissmartcontracts.com) will also be foregoing the ICO model.

sakokinak

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Quote from: Asoss.io on January 28, 2018, 07:47:54 AM

Me and my team building a new Altcoin. The first Egyptian altcoin. So we didn't want to start it with an ICO. Is it normal to start a coin without an ico and if yes what is the effect of that

I believe that this is possible. But in the modern world, this crypto currency must be unique in order to attract the attention of large investors.

Asoss.io

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Quote from: Satish147 on February 11, 2018, 11:42:43 AM

It is possible to create a blockchain without ICO by raising capital from Venture capitals and that blockchain can get attention of community by providing Airdrops

Recently Ontology did the same way and they are going forward.

Thanks for your support

Satish147

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It is possible to create a blockchain without ICO by raising capital from Venture capitals and that blockchain can get attention of community by providing Airdrops

Recently Ontology did the same way and they are going forward.

cryptopuma

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Quote from: Asoss.io on January 28, 2018, 07:47:54 AM

Me and my team building a new Altcoin. The first Egyptian altcoin. So we didn't want to start it with an ICO. Is it normal to start a coin without an ico and if yes what is the effect of that

It is very possible if you dont want to have any investors that will fund your project?so skip ICO,and if you have enough money to fund the needs of your team,do not run an ICO.Most of the coins that didnt undergo ICOs are the coins which has forked from the solid coins like bitcoin,neo,etc because the popularity of their predecessor is enough to advetise the coin itself.

Asoss.io

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Quote from: kaineh on February 11, 2018, 04:51:01 AM

This is quite possible, but very slow and inefficient. Good luck, maybe you will be the second Bitcoin

Thanks for your support

kaineh

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This is quite possible, but very slow and inefficient. Good luck, maybe you will be the second Bitcoin

Asoss.io

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Thanks everyone for the reply

Dart18

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How about advertisement? Can you really do the job to make the coin known so that the project will bloom?
The ICO will help a lot and if you have the capital to pay your employees then you can use the money from the ICO for google advertisements and blogs and a lot of stuff just to let it be known.
Facebook is crossed out now for ICO advertising but there is still twitter if you want the social media to know about it.

99th

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Quote from: Asoss.io on January 28, 2018, 07:47:54 AM

Me and my team building a new Altcoin. The first Egyptian altcoin. So we didn't want to start it with an ICO. Is it normal to start a coin without an ico and if yes what is the effect of that

I have seen it quite a bit on huge projects recently. The first that comes to mind is Polymath. They did a massive airdrop to 40,000 people and that launched them into the market quite amazingly. REBL also did an airdrop only launch and they are doing pretty decently too. Poly sells for $1 right now and only launched 5 days ago. Just some things to consider.

kandholabhavna

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Quote from: Asoss.io on January 28, 2018, 07:47:54 AM

Me and my team building a new Altcoin. The first Egyptian altcoin. So we didn't want to start it with an ICO. Is it normal to start a coin without an ico and if yes what is the effect of that

Yes, there are a lot of currencies hhich do not do an ICO. You can opt for an airdrop. To make it happen, all you need to do is post a thread in the airdrop thread here, and ask people to fill a form with their ethereum address(presuming your token is erc20 compliant) here. You can set criteria, such as making compulsory for users to share their bitcojntalk and twitter handles in the form so that you know that distribution is fair and no one user gets the airdrop for more than ones. Rebellious did an awesome airdrop recently, maybe check their thread and twitter handle for more information.

Xiomara

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Quote from: Asoss.io on January 28, 2018, 07:47:54 AM

Me and my team building a new Altcoin. The first Egyptian altcoin. So we didn't want to start it with an ICO. Is it normal to start a coin without an ico and if yes what is the effect of that

If you already have a working network, wallets and other infrastructure that you can use without too much waiting, then you can do it without ico.
Bitcoin capitalization is directly proportional to the square of the number of active users. To become popular, you need to be in the hands of as many people as possible!!

Bitcoininspace

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There are already more than 500 thousand coins in the world. Half of them are trash, so you need to have a great concept to create a coin without ico, otherwise it will be another scam.

orkoso

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I would be suspicious if the coin was just given for free, but hey, Bitcoin had no ICO, just mining, so I guess it can be possible. Nowadays, I would rather have an ICO to fund the development of the coin in the future, as community lead projects are more difficult to evolve.

paulmusa25

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I thinks it's not normal for a new cryptocurrecy without initial coin offering. Because community has a very important role in coin. And a fund raising for you to cover the expenses on listing on exchanges and other expenses for a coin to be successful. Or you can create airdrop and bounty to spread the word of a new coin. This is only my opinion regarding on your question, hope I can help.

sultanali

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Before many coins have come without an ICO and they are running successfully but ICO helps a coin to do a good marketing of their coin and also from ICO you can collect fund for the future developments of your project.

Topic: Is it normal to build a crypto currency without ICO (Read 594 times)