Re: [PRE-ANN] Judge Coin (JUDGE) [NO PREMINE] [NO IPO] | X13 / 30 day PoW then PoS
I would like to be honest here, because I respect you from what I've seen your work for silkcoin.
Except strong community you may have, I don't see innovate, also, don't see how you prevent pump & dump, especially dump.
Perhaps because of "Pre-ANN" ??
As what I've see about strong & success coin.
1. Strong development skills -
If no, silkcoin shit may happen again. dev leave, or can't deliver, bug happen, even damage coin itself.
Also, a coin without strong dev skills die a beginning.
It's not a good idea to outsource, find one from community, because they can leave @ any time.
It would be a good option only when you have contract with them, but it means you need to pay large amount of money to contractors.
2. Innovate -
You may need innovation, not only to make hype, but also to lead success.
Except pure pump & dump, why would a guy buy a stuff that has no difference as others.
Would you buy a toothbrush that never heard, no innovate, no fancy, no special discount when you can pick one same price, look fancy, some innovate from leading brand?
Build something other than coin, something people really want.
3. Strong community -
Sometime, some coin without strong community can rise price high, and keep price there.
Strong community sometime also bring strong FUD.
It's important to manage community, but how to manage it good & right is quite important.
Strong community is really useful when you gonna get list on exchanges, pump price, hype..
Coin has strong development team but has no community may fail.
But coin has only community, die at beginning...
4. Transparent -
I would say even you premine, if you stay transparent, that's fine.
You gain respect & trust by your action, not you say at beginning.
Only 1% of sales close at first time. Most of them close at 3 times, 5 times, 10 times.
Which means you need to do whatever to prove you worth respect, worth trust.
Many coins try to have white paper to convenience people how awesome & innovate they are.
But I think White paper is useless if you have not enough of development resource.
Just open a trello board and let people know what's going on, that's enough.
Build a coin just like start a company, you build something people want, fast & on time.
Otherwise, a coin is just another scam even dev not intend to do that.
Except strong community you may have, I don't see innovate, also, don't see how you prevent pump & dump, especially dump.
Perhaps because of "Pre-ANN" ??
As what I've see about strong & success coin.
1. Strong development skills -
If no, silkcoin shit may happen again. dev leave, or can't deliver, bug happen, even damage coin itself.
Also, a coin without strong dev skills die a beginning.
It's not a good idea to outsource, find one from community, because they can leave @ any time.
It would be a good option only when you have contract with them, but it means you need to pay large amount of money to contractors.
2. Innovate -
You may need innovation, not only to make hype, but also to lead success.
Except pure pump & dump, why would a guy buy a stuff that has no difference as others.
Would you buy a toothbrush that never heard, no innovate, no fancy, no special discount when you can pick one same price, look fancy, some innovate from leading brand?
Build something other than coin, something people really want.
3. Strong community -
Sometime, some coin without strong community can rise price high, and keep price there.
Strong community sometime also bring strong FUD.
It's important to manage community, but how to manage it good & right is quite important.
Strong community is really useful when you gonna get list on exchanges, pump price, hype..
Coin has strong development team but has no community may fail.
But coin has only community, die at beginning...
4. Transparent -
I would say even you premine, if you stay transparent, that's fine.
You gain respect & trust by your action, not you say at beginning.
Only 1% of sales close at first time. Most of them close at 3 times, 5 times, 10 times.
Which means you need to do whatever to prove you worth respect, worth trust.
Many coins try to have white paper to convenience people how awesome & innovate they are.
But I think White paper is useless if you have not enough of development resource.
Just open a trello board and let people know what's going on, that's enough.
Build a coin just like start a company, you build something people want, fast & on time.
Otherwise, a coin is just another scam even dev not intend to do that.
One thing I am fully aware of is the Pump and Dump mentality. In order to "Dump" you have to have a "Pump" and my honest approach should deter that.
I am fully open about where the coin is at. You will not have a promise of this feature or that feature. Most if not all Pump and Dumps come onto the scene promising something they cant possibly hope to deliver. I don't expect a high price for the coin initially as the coin is not marketed with any of the "trendy now features".
What this coin does have going for it is me and the people I will bring in. During the whole Silk Coin fiasco I was there, opened a chat room, and gave updates when everyone went deep cover.
As to #4, I used to support a well used premine. After what happened with Silk Coin I will NEVER support a coin with a premine. If people want to donate their time or coins they can. But there is no way I can dump on the coin as I wont have any up front. If I want coins I will have to buy them like everyone else, which I intend to do as I believe in myself and the community that is forming.
I am glad you stopped by. I hope you stick around
