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Showing 2 of 2 results by flatbit
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Board Altcoin Discussion
Re: Mistakes to avoid when starting a crypto?
by
flatbit
on 26/10/2017, 19:06:39 UTC
Ask yourself questions like "do we really need a coin for this? What use does the coin serve?"

I've seen so many "ICOs" that don't have reasons. There's just hundreds upon hundreds of people trying to make money that make a coin from a cookie cutter script and then try to start some sort of kickstarter for their yacht. Please don't release another useless coin into the environment.

Yes I totally agree, I'm more interested in interconnecting my project with the blockchain. I myself am tired of using and losing money on useless coins. Which is why after years of thinking about jumping in I finally feel confident that I have found a use for said coin and feel comfortable releasing it
Post
Topic
Board Altcoin Discussion
Mistakes to avoid when starting a crypto?
by
flatbit
on 26/10/2017, 18:46:00 UTC
I really love and value this forum, good and the bad. I've been a lurker for a while but now feel empowered to move forward with my new project which I will eventually openly discuss on here.

When releasing a new project based coin, what advice would you give a start up before their ICO or coin release? I know a lot is obvious and some can even be found in the search bar in this forum but I'm never to proud to ask, and would love to hear about your favorite coins biggest failures upon release.

My idea isn't original but it will be implemented better and reworked with hopes of becoming the leader in said industry.

The project will be related to the sharing economy, room and lodging, with our own coin. The coin will have a use other than being just a pump and dump, which is where I believe we will stand out.

We will be rolling out our website sometime before the end of the year with the ICO to follow.

Where do ICO's go wrong in your opinion?