Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ISR] Isracoin - The Israeli cryptocurrency
by
IsraelCoin
on 12/06/2014, 16:32:25 UTC
Are there any plans and efforts to get this coin listed on one of the big exchanges? Thanks

We are certainly not against it and we have tried discussing it with them, voting for it and so on, but it seems most big exchanges these days either expect huge payments to get listed, or they just don't accept new coins.

We have been up for voting on Mintpal for a long time now and on Cryptsy as well. We've done giveaways for voting even.
We've tried talking with Poloniex a few times and they never gave us a straight answer.

We welcome any help from the community on getting into the larger exchanges, be it via public pressure, voting or paid votes.

I liked that type of offensive position Isracoin PR has took in last days (the IDF defence credo.. "attack" ), cleaning up scum rumors.

However, I don't think any big exchange like Mintpal, Poloniex would provide any type of help to stability of coin.
Usually, when Coin enters such an exchange it gets nothing but a huge damage in Mid Range perspective.
There are very few exceptions - the new PoS based coins. Others suffered a x10 value damage and lost supporters.
The big exchanges are having Pump groups playing around new coins.
Usually, any pump activity leaves Coin at lower value when it was before (sometimes 50% of what it was).

I would suggest to avoid a new exchanges, up until coin volatility will reach some 10%, so that e.g: 100BTC pump player may not change the coin value more than 10%.

Instead of this...
There should be a game-changer initiative to adopt the coin in a wide public.
e.g:
Why have Isracoin Phase I AirDrop been limited to existing confirmed businesses?
Its a huge mistake...
We are the "startup nation".
Most of startups are living years as an ideas, and starting development ahead of any government authorisation...accounting or bank financing...

What if...just as an example...Isracoin will fill a role of "Madan Rashi" for startups whiling to accept Isracoin both as investment and payment?
The kickstarter...There people will decide/vote for idea to win a support of pre-mine Isracoin.

If we want Isracoin to be different from any other...while being really authentic Israeli...this is a way.


without getting too much into the exchange debate, we tend to agree that the real value of Isracoin should come from its widespread adoption in Israel, both by businesses and individuals. This is what we are working on mostly and it is a process.

As for your examples of supporting startups and such, you should look at our Phase-IV of the Isracoin plan which talks exactly about this. It is planned for further down the line, when the infrastructure and value are there and allow for this to happen.

We appreciate the feedback!

And if you or any other Israeli wish to help locally, please contact us.
(Of course anyone from the international community is more than welcome to help in other ways, to bring awareness to the coin, especially for mining and other types of support)