Post
Topic
Board Altcoin Discussion
Re: In an altcoin project, how many coins is too much?
by
BitcoinHodler
on 01/12/2018, 05:53:08 UTC
Thanks for all replies everyone!

Me and a couple friends have been working in the creation of some sites, some aimed at online marketing (where people can get referrals for wathever program, etc), and some sites aimed at games also.  We found we have this internal token type thing in the system to get perks and what not. Then we decided, why not create a token that could be taken beyond our platforms?

Then me and my friends hit our first wall: How many coins, total supply?

Should coin amount issued be static and thats it, or should new additional coins be issued yearly? I mean, in the altcoin world it is very easy to create totally worthless s**tcoins...

you have to try and predict how much your coin is going to be used and by how many people. then try to come up with a good supply design and supply distribution plan so that you don't create inflation and at the same time you don't crash your coin's price overnight and more importantly not to turn into a scam premined coin which you control majority of the supply!
and if you are stuck then you can always use bitcoin as a reference. it has 21 million, so choose either than or a smaller number unless you think your coin is going to be used more than bitcoin!