Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FoxCoin - A Fully Dynamic Cyptocurrency [NOW ON SWISSCEX!] And Services!
by
TorVek
on 07/03/2014, 19:00:35 UTC
Net hashrate is 20 Mhash/s. Are there really 10 persons mining FOX right now?  Grin
How could it happen?
It is not always that low, but the difficulty is on the easy side with a smaller number of miners. I think it is one of the more interesting "fair" KGW coins from launch and a slower halving structure. This flying a bit under the radar in some ways, which is a shame. I have to credit the exchanges for starting to support these better structured coins. Thankfully foxcoin does have some life there, I think more will mine it if it picks up in value.
I would prefer more of a slow build for it more then anything else, but a good community is necessary.
I also think the website can use some work, and it really needs better marketing. But it a slow build as people recognize it as a hidden gem may be a good thing.
The reddit is dead, which really is depressing.

In order to be effectively marketed, the coin needs something truly distinctive to set it apart from the slew of other alt-coins out there.  People need a reason to focus on it, and long-term mining strength is going to come from people recognizing that good reason.

I think that if AnonyFox settles out what the USPs (Unique Selling Points) are going to be long-term for this coin, and gets a good level of shine and polish on everything associated with that, the coin has a wonderful future.  Personally, I think the idea of making the coin ultra-easy to get started with for people who have never done anything at all in crypto-currencies stands the greatest chance for a solid USP.

Solid GPU mining from the wallet (with near-zero prior knowledge about mining required from the user) could be a great way to get a bunch of people involved.  While that may be a goal, I think we're still a long way from getting there.  The starting post in this thread is a good example... there are simply too many things listed there which won't make any sense at all to people who aren't already deeply involved in crypto-currencies, and some of them will even elude people with moderate experience levels.

When trying to reach out to new people, it's important to make as few assumptions as possible regarding what will be "obvious" to them.  "Easy to use" is one of the toughest goals to achieve, but if it is done right, it can be EXTREMELY powerful.