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.
airdrops create better and stronger community , look at ebitcoin and rebellious. They were both airdropped fairly and are only at the starting stages still.
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.
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 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
Have you heard of
Bitcoin?