4 ms·
I would love if there was something like "Coin bootstrapping". Similar to how ICOs work. But with different expectations. The founder gets the whole initial su
by ArtTimeInvestor 5y ago
I would love if there was something like "Coin bootstrapping".
Similar to how ICOs work. But with different expectations. The founder gets the whole initial supply. And then sells of enough of it every month to make a living. If they are lucky, the project becomes very valuable and they end up with a huge amount of coins left. But they might also use up all the coins and barely get by.
Does some project like this exist? Or do all founders throw the towel if they do not raise huge sums up front?
- andy_ppp 5y agoWhy not just save up enough cash and move somewhere cheap and bootstrap manually? I don’t think doing this is any harder (than inventing a way to cryptoify any startup?). This is just slowly giving away control of your company in some kind of monthly auction, it sounds initially great but as time goes on very depressing watching your company be owned by someone else and for a lot of people defeats the point of bootstrapping completely.
- abishekk92 5y agoCheckout https://web3grants.org/ https://web3grants.org/
- breck 5y agoBitClout (https://bitclout.com/ https://bitclout.com/) was the first I saw with a UX that made getting your own coin as easy as one would expect. There are probably many more.
- DarylZero 5y agoIf you can sell enough every month to make a living, then you have ALREADY gotten lucky with a very valuable project.