Hi Indie hackers,
I am about to launch my web site www.stefa.me, which offers users a way to create a crypto coin on the Ethereum network.
Anyone can create a crypto coin, no need to write a single line of code.
I would love to get any feedback on the site, and ideas on how to market it?
Thank you very much for your help :)
You don't provide any idea on associated costs. I recently saw a similar offering that charged $50,000 to set up, care to enlighten us?
Our offering at this stage is around $10 per coin creation. I say "around" because the costs are priced in ether, and we charge 0.05 ether (0.05 ether is currently worth $9.91). There is an additional cost to the blockchain for deploying the new coin and it is estimated at around 0.004 ether (which is less than $1).
The idea is to keep our service simple. Simple to use, and thus not expensive.
We may add premium features in the future with additional cost.
Thanks Limor, I appreciate your replay. Good luck, and I'll keep an eye on stefa.me, I might even need your service one day.
Congratulations for the imminent launch!
As an outsider to the crypto ecosystem, could you explain to me why would I want to create a crypto coin?
Hi,
Thanks for the congrats :)
Well, there could be several reasons why you would want your own crypto-coin.
You can use it as a token in your project, as something users can get. It can be like a reward mechanism so active users can get more tokens (this is just one example).
The difference between a regular reward mechanism is that the coin implementation is completely distributed. Users can know at any given time their balance without depending on the actual app, and they can see all history of all transactions made with this coin.
Another reason to have a crypto coin of your own is that you can raise funds to your project by an ICO (Initial Coin Offering) which allows anyone out there to purchase the coin you created in exchange of a service provided from the project.
The beautiful thing about a crypto coin that it is not managed by one source, it is completely distributed and anyone can see all history of transactions. It gives the users a lot of power and transparency…
Thank you for your explanations.
I guess I just do not fit in the target market!
I wish you the best for your project!