Post
Topic
Board Services
Re: Creating a new digital currency
by
erpbridge
on 29/07/2015, 20:54:57 UTC
I have a specific plan for a new currency and would like some assistance.  Of course, those who are part of the creation of the currency would receive many very inexpensive coins.  I have a market defined for the coins which could be $1-$5 each, perhaps higher.

I need help with questions like:
- how many coins to create?
- how many to start with?
- what rate for the mining?
- what are the transaction fees?

Then technical things of actually creating the coin and getting it on the exchanges, etc.  I used to write software, so I know the technical things, but frankly am focused on the larger business plan.  (FYI, if you have access to investors/capital, we can talk about that too.)

All these things are usually answered with where you think the coin will be in the future. Satoshi could have created a billion coins but he chose 21 million for a reason. You can start with a lower amount which will usually be premined and keep the reward high in the start and have block halving accordingly. You can usually set all this up if you look at the source code of bitcoin.