Topic: Is it normal to build a crypto currency without ICO - page 3. (Read 569 times)

Dude u earned my respect

Why not let the community mine the cryptocurrency? I think it's better than having airdrops or ICOs.

Airdrop = money out of nowhere. How fair is that compared to the coins available for mining? After all, I think "cryptocurrency" is what Satoshi said Bitcoin should be. Out of his own description, I think the most important things are anonymity, decentralization and fairness. Decentralized =/= printing paper money or selling tokens through ICOs. With Bitcoin and the mineable altcoins, you can solo mine and stay anonymous in the network. Also, when using cryptocurrencies like Ripple, you're not anonymous at all. They do have evidence, they do have a database. Airdropping a cryptocurrency may be good for the short term thinkers, but not for the long term ones.

Once again, like I said in an earlier post in this thread, this is just my opinion.


Have you heard of Bitcoin?

airdrops create better and stronger community , look at ebitcoin and rebellious. They were both airdropped fairly and are only at the starting stages still.

I think ico is the way to allocate coin, if there is not ico then how investors buy coins, the investors will not buy in exchange because they don't know what will happen maybe the price will develop or even drop, from the data an ico we can guess the future coin so ico is needed here

I think ico is the way to allocate coin, if there is not ico then how investors buy coins, the investors will not buy in exchange because they don't know what will happen maybe the price will develop or even drop, from the data an ico we can guess the future coin so ico is needed here

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

Nice promotion. Starting a coin without an ICO is like trying to run with one leg and a stone on your head. ICOs will not only provide funding, but will also, if properly done, create a community around the coin giving the adoption.

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 doesn't sound like a good argument to me. People made coins before icos appeared and they didn't have problems with making them listed on the exchanges and other things. Moreover, as a lot of people don't trust icos, I think it could be very good if this altcoin had it emphasized that it won't be an ICO.
I guess people release coins with ico to gather money on crowdfunding this way. If there are sufficient funds then there's no need in that.
Airdrop might be a good idea to draw attention to the project, but it's not like it's a necessary one. I think dealing with exchanges and making the coin appear in various news would be enough.
Assoss.io, will the coin be premined anyway? If not then it should also be emphasized, since it is considered to mean the coin can be trusted as well.

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.

Yes, it is, that will give you a lot of attention from the investors after you have done with your project without any interest to raise a lot of money. You can see byteball, raiblock project. Both weren't doing any ico.
And the developer is only focusing on developing the future platform but I byteball can become an excellent example.
But I heard egyptian is banning crypto and what's your thought about that?

perhaps social media is a big help i think such as twitter and facebook or telegram instead.  But need thousands followers cuase followers is the must when it comes to Selling tokens and must have a good testimonials and trusted dev to convince more client to contribute in your project.  

You guys wouldn't be the only ones. Polymath did a private sale and then skipped the ICO for an airdrop. Gained them lots of exposure. https://polymath.network/

Hey, so this is purely my own opinion, everyone else please don't get mad about it (a lot of people around here are investing in ICOs these days)!

So.. to answer your question shortly, yes. It's very normal, and in my opinion, it is the best thing you can do. Why?

I have all respect for LEGIT and LEGAL ICOs, but it honestly sounds like the second version of Pre-Mined cryptocurrencies. I do not even consider ICOs cryptocurrencies, because... well, most of them are non-minable, and as soon as one entity sells something to you, to me it looks like a bank money printing operation. I am not very sure how long these ICOs will remain around, considering the fact that many of them are illegally earning a LOT of money.

Pre-mined coins were currencies released with a .. say 50% total supply already mined by the developer before releasing it to the public. They were usually hiding this so that we could buy their coin, get the price up and then they would earn a fortune off it. This worked until people found out how they scammed us, but now we have ICOs. ICOs are pre-mined tokens that are then sold to the public. It's basically the pre-mine scam disguised.

Why would ICOs NOT survive? First of all, ask yourself how will we ever get to use SO MANY cryptocurrencies. We have tokens for restaurants, tokens for logistics, tokens for shopping, tokens for exchanges, tokens for... BANANAS (I'm not sure if that one was real or just a troll, but still), can you imagine a scenario in which you'd have to pay 1FOOD (FoodCoin) to buy a burger, one hour later a package will arrive and you'd have to pay 1UPS (UPSCoin) and so on? I can't. Only one currency will be used the most, like Bitcoin was until a few years ago. Then we have the illegal fundings, devs earn millions overnight. I can create my own ICO and sell it, take the money and go away.

I would advise you to let it free to the public. To let the people using your coin mine it, and do whatever they want. Don't follow this nonsense stuff. Again, just my personal opinion.

There is no such term as normal in launching a new coin. It's totally your decision what kind of building process of a coin to choose and all of them would be normal.
If you have enough funds for your coin development, for adding it on exchanges, for marketing, advertising and so on (probably significant amounts), if your coin have significant advantages over competitors and have a growing community already, you probably don't need any ICO.
But if you have only idea or some basic functionality, ICO can become a great tool to get a huge leap on the start of your coin's life. ICO is a great combination of funds rasing, marketing, advertising and a way of community engaging at the same time.
The more interesting is that even for the already popular coins ICO can give all the same profits as for the new ones but in a times higher values and in a very short period of time. What is have to be done for years to develop a coin in a usual way, ICO can help to do in a few month. If summarize I'd say that ICO is not a "must" but rather "definitely should consider about" feature for building a new coin.

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