Topic: Tips For Launching a New Coin (Read 2413 times)

NO
1% is too much.
1% of BTC is currently... about 100 million USD!
Consider this: lots of coins get dumped in the first month. 1% of all coins ever is usually about 50% of all coins mined in the first month.
So: premine 1% and after 1 month you have 50% of the market cap!

Microcoin has had an excellent launch, very fair.

The only thing it's missing at the moment is a good logo, but I'd say the rest of the steps have been pretty well adhered to.

This thread needs a bump 

Very much this.  I'm surprised Litecoin/Peercoin/Namecoin/etc still haven't really got this sorted yet.  If a new alt does come along that isn't pre-mined, has a sensible block reward scheme and mining difficulty AND has a lightweight client/wallet, it could take off hugely.  Developers please take note.

Very good point!
+1

Great post. There really is a need for more imaginative coin logos and names.

Meh. I don't think it's of utmost importance to have it ready at launch, because the blockchain will be tiny and sync almost instantly. But I do agree with you in general - there definitely needs to be lightweight clients for all the altcoins eventually. I'm not exactly sure if MultiBit is easily portable for use with other altcoins, but it's definitely a great lightweight client to use as a base.

+1

As lightweight wallet is relatively new, compared to standard wallet, it will take time to develop. Given the short development period of most coin, that will be a challenge.

I honestly think that if you are serious about your coin and want to streamline your coin, you need to have a lightweight wallet ready to go with your launch.  When I first got in to bitcoin, I skipped the client and went straight to Multibit because I didn't want to wait an eternity for my client to sync up.  Also something tells me that your grandmother will not have the patience to wait for her wallet to sync up either.

Unfortunately I think there isn't, until bitcoin is well established and accepted by most of the people/businesses/governments
New paradigms require time and bitcoin is way ahead

For anybody willing to release a new PoW coin:
Please spend days/weeks to mine the genesis block and release at a difficulty high enough to keep away pump-and-dump scenarios

I also suspect that bitcoin may not end up as the top coin in the long run. Bitcoin just isn't well suited to buying a cup of coffee. There may be a coin that will come along that will somehow allow very fast transactions, maybe even faster than paying through Interac. I know that there are some coins that have shortened the time-window for confirmation somewhat, but is it really reasonable to just shorten the time window to 1 second while leaving everything else the same? I think that there is room for improvement in this area, and I would like to see a coin come up that I could use every day for all my purchases.

On the other hand, maybe I'm just hoping to see Bitcoin fail because it's now too expensive for me to invest much in it.

That certainly doesn't mean they'll be successful in the long term though. Most of them will fizzle after a short run.

We want to help guide someone to making a coin that will actually succeed.

I hope some of the new devs take some of your advice, bitcoin may have the most support now but your right, in time something may rise to take its place, it might just be a meme who is to say? Always room for competition, take Bing Search for example=way late to the game but seems to be gaining some traction.

Sub boards for alternatives might be a lost cause, i would suggest a sticky with links to other forums, most serious coins develop their own community.

Bitshares (Protoshares) announced launch months in advance, seemed to be a very successful approach, i would suggest giving as much notice as possible, I might also suggest that in advance of launch it be posted to as many possible crypto forums that someone could reach,QRK Forums, SBC, FTC, LTC, etc.

Lets be realistic with premine, if it is supported by the developers they essentially deserve some type of compensation, nobody is paying them to help them setup in windows etc.

Support 24/7, from my short period of time here I have developed the idea that support needs to be 24/7 to really boost adoption, not just a supporting community but the team of developers needs to be hands on to encourage others that the coin will succeed.

I would like to mine a new coin with a good future before its ripped away from my grasp by the experienced well setup miners, so good luck to your team.

Very good points..."devs" should take heed

I am working with some talented people on a new coin that will be incorporating these principles and a few more. Stay tuned for details in the coming week.

Based on some of the releases I have seen..

Make sure a windows client is listed.
Include a link to the source code.
Include a virus total report of the wallet, everyone seems to panic.

NXT

Honestly although this is good advice it doesn't matter anymore. People are jumping on every coin regardless of how horrible they are.

finally someone that thinks the same as me

Bump