Post
Topic
Board Altcoin Discussion
Re: Best way of initial coin distribution
by
spartacusrex
on 24/02/2015, 16:26:13 UTC
I was thinking that what you really want is as LARGE an initial user base as possible. You need some way of reaching AS MANY users as possible.

You can't give them away for free as that is too easy to game.

Mining / NXT asset / BitcoinTalk IPO etc etc seem too limited to 'Crypto Scene'

How do you get ordinary 'Joe Blogs' involved..

Sooo..

I would do an android/iOS app.

Sell them in the app, with in-app purchase. Say $0.69 a coin (The minimum in-app amount - it doesn't matter how many coins you get). YES - you would make some money, but there is no way round that. So would Apple and Google by the way.

Then at the end of a specified period of time(a Month ?), allocate based on how many coins sold in total. (That's why it doesn't matter how many actual coins you get, you get a percent of the total. As you did in that now infamous original NXT thread with BCNext.. I was there.. ;-)

This way, hopefully, many 10's of thousands of users can buy some of this initial stock.