Brainstorm an altcoin name

  • Status: Closed
  • Prize: $100
  • Entries Received: 22
  • Winner: edyapmnl

Contest Brief

Looking for ideas to name a new altcoin, and associated web domain.

The name should, to the extent possible, reflect one of the unique characteristics of the coin discussed further on in this description. The domain should be available for .net, .com, .org. and .cash. When I see a suggestion I like, I will acquire the domains. The contest is sealed, so no one can see your idea to steal one of the domains. Although listed for 30 days, it is subject to early closing once a suitable name with matching domain is chosen.

A few unique characteristics of the coin are:

It will be more fair than existing coins by reducing the advantage to early adopters and developers.

Initial distribution will take 3 years to allow plenty of time for users to discover the coin.

Distribution will be geometric, with a maximum of 1/6th of the coins being distributed during the first year, 1/3 distributed the second year, and the remaining 1/2 distributed during the final year. Dynamic and self-adjusting algorithms will monitor the rate of change in account numbers to predict future demand and limit overly high payouts to early adopters. Small initial payouts will ensure that there will be enough coins to distribute throughout the 3-year period, and that more coins are distributed per account near the end of the distribution phase, than near the beginning.

Distribution will be based on contribution to network strength and resiliency. No energy burning mining. Contribution is based on time spent with a node actively running, and available for verifying transactions. In addition, there will be a variable interest rate paid on coins held.

It will be more geared to commerce than existing coins.

Several internal algorithms are designed to stabilize the value of the coin. One example of this is controlling the velocity of spending by tying it to transaction fees and interest rates.

Thanks for your participation!

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“Edyapmnl followed all directions exactly saving me time.He deserves 5 stars in all categories. There is nothing he could have done better or more efficiently.”

Profile image jonasgryder, United States.

Public Clarification Board

  • JacobTheGiraffe
    JacobTheGiraffe
    • 11 years ago

    Are you okay with giving me 100 dollars? I guess choosing a runner-up automatically gives them the same amount as the winner.

    • 11 years ago
    View 4 more messages Processing...
    1. JacobTheGiraffe
      JacobTheGiraffe
      • 11 years ago

      Thanks!

      • 11 years ago
    2. jonasgryder
      Contest Holder
      • 11 years ago

      Cool, thanks!

      • 11 years ago
  • edison098
    edison098
    • 11 years ago

    I think I'm the one who suggested the neatcoin :) I just cant verify since I can't see the list anymore

    • 11 years ago
    View 2 more messages Processing...
    1. neerajpant1710
      neerajpant1710
      • 11 years ago

      now no need to remember any coin. Money has gone..:P

      • 11 years ago
    2. jonasgryder
      Contest Holder
      • 11 years ago

      Nope, wasn't you :)

      • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    At the time, I was still undecided between the two velococoin and vibracoin. I didn't want to award one, and end up using another. I gave out some smaller amounts to other runnerups via contests and "Hire Mes"

    So, even though I finally decided on VibraCoin, you deserved the prize as well.. You seem to have disappeared from my "contact list" Any idea how I can get you back on?

    • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    Hi edison, I can still check. It will show me all your entries by person still. (I think). If you are, I'll post another contest.

    • 11 years ago
  • JacobTheGiraffe
    JacobTheGiraffe
    • 11 years ago

    So all the top entries' domains are registered now?

    • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    Still looking for more survey results.
    https://www.surveymonkey.com/s/JWXCH8N.

    • 11 years ago
  • JacobTheGiraffe
    JacobTheGiraffe
    • 11 years ago

    I personally think Rhythmicoin / RhythmiCoin sounds better than RhythmicCoin because of the two C's in that one. Just a suggestion (unless you just happened to spell it that way in the survey and did not really intend it to be pronounced that way). However, RhythmiCoin kind of looks like Rith-mee-coin but that's a stretch so it's fine I think.

    • 11 years ago
    1. jonasgryder
      Contest Holder
      • 11 years ago

      Thanks Jacob, you have a good point. .

      • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    Thanks to all who have submitted choices, I really appreciate the help! Also, could the person who suggested NeatCoin please let me know who they are? You will at least earn something, even if it is not the full contest award, and I inadvertently marked your name off of the list.
    Thanks!

    • 11 years ago
  • ronty
    ronty
    • 11 years ago

    survey done, NeatCoin leading i think so

    • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    Okay, this was really stupid of me, but I inadvertently rejected NeatCoin and am having trouble finding it. Could whoever submitted it please reply with the entry number?
    Thanks!

    And don't forget the survey, please!

    https://www.surveymonkey.com/s/JWXCH8N

    • 11 years ago
    1. mynk16
      mynk16
      • 11 years ago

      I am sure you can find that rejected entry on the first page.. That's how the Freelancer system works I guess.. May be you can have a look at the remaining 14 entries (ignore top entries and mine too) on the first page and can get it..

      • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    have made my top 6 picks, and I have set up a survey so that those of you who contributed can help me with the final decision. The winner may not necessarily be the winner of the survey, but it will play a big role in my decision.

    The survey is here:

    https://www.surveymonkey.com/s/JWXCH8N

    In addition to the $100 contest prize, I will be awarding a $25 prize to whoever comes in second, and $10 prizes to the other 4 finalists. I will do this by creating a project to which you will be invited to bid the appropriate amount of money.

    Thank you all for participating!

    • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    Down to the wire. I hae narrowed the selection down to 5 possibilities, plus a few new entries I have not yet looked over.

    • 11 years ago
    1. mynk16
      mynk16
      • 11 years ago

      That's great! Waiting for the results!!

      • 11 years ago
    2. mynk16
      mynk16
      • 11 years ago

      Still waiting for your decision. Can you please award the best entry soon ?

      • 11 years ago
  • Rstsmnta1
    Rstsmnta1
    • 11 years ago

    Eagerly waiting for the declaration. Confidence is becoming higher.

    • 11 years ago
    1. JacobTheGiraffe
      JacobTheGiraffe
      • 11 years ago

      Why is your confidence becoming higher?

      • 11 years ago
  • lavstudio
    lavstudio
    • 11 years ago

    Hi Please check entry #299

    • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    Answer coming soon.

    • 11 years ago
  • Rstsmnta1
    Rstsmnta1
    • 11 years ago

    kindly check #358, #357, #376, #377 & #389

    • 11 years ago
  • Rstsmnta1
    Rstsmnta1
    • 11 years ago

    kindly review my all entries sir.

    • 11 years ago
  • verobrain
    verobrain
    • 11 years ago

    # 365 # 366 # 373. Thanks.

    • 11 years ago
  • verobrain
    verobrain
    • 11 years ago

    Hello, please check # 362

    • 11 years ago
  • verobrain
    verobrain
    • 11 years ago

    Hello, please check # 361

    • 11 years ago
  • Cygnusx01
    Cygnusx01
    • 11 years ago

    (btw, I hope you solve all your problems...)

    • 11 years ago
  • Cygnusx01
    Cygnusx01
    • 11 years ago

    Hey Jon, new entry! Give a look at #359, please :)

    • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    No problem Cygnus. Of all the problems to have, too many choices is not a bad one.

    • 11 years ago
  • Cygnusx01
    Cygnusx01
    • 11 years ago

    I mean, it's #346 :D

    • 11 years ago
  • Cygnusx01
    Cygnusx01
    • 11 years ago

    Hi Jonas :) I have just submitted another idea. I almost feel guilty for making your selection job heavier! :D But I hope it can help. It's number 346. Please check :)

    • 11 years ago
  • Rstsmnta1
    Rstsmnta1
    • 11 years ago

    PLEASE CHECK #338, #339, #340, #341 Hope you will get some great names from here.

    • 11 years ago
  • Cygnusx01
    Cygnusx01
    • 11 years ago

    Ah, poor Jonas, so many options to check! :p But I hope you won't disregard mine (just 2, for now), #330 and #332. I think they may work. Hope you like them. Greetings from Italy and good luck with your choice! :)

    • 11 years ago
  • lavstudio
    lavstudio
    • 11 years ago

    Sir, please check my entries #299 & #300 . Thanks.

    • 11 years ago
  • kabil07
    kabil07
    • 11 years ago

    Plz Check # 297,Done some more brainstroming.

    • 11 years ago
  • jonasgryder
    Contest Holder
    • 11 years ago

    I've got quite a few suggestions and need to start weeding some out. If you drop to one star, it means you have been eliminated. Does anyone know if the star ratings reflect on contributors in any way in a closed contest such as this? If so, I will raise everyone but the winner to 4 stars (winner gets 5) before closing the contest. If it does not show or matter outside the contest, I will save the strain on my mouse finger. :)

    • 11 years ago
    View 3 more messages Processing...
    1. hellopo
      hellopo
      • 11 years ago

      Nope. The ratings only reflect in jobs. :)

      • 11 years ago
    2. wordarcher
      wordarcher
      • 11 years ago

      time you "weeded 'em out" properly... let's focus on this contest!

      • 11 years ago
  • Rstsmnta1
    Rstsmnta1
    • 11 years ago

    still one week remains, I will come with new. just wait

    • 11 years ago
  • kabil07
    kabil07
    • 11 years ago

    Plz check # 277,I have posted a few names,as per your spec.thanks

    • 11 years ago
    1. jonasgryder
      Contest Holder
      • 11 years ago

      Checking all now, kabil!

      • 11 years ago
  • abdi777
    abdi777
    • 11 years ago

    #1 provides you with so many options to choice from and also the requirements that you need as per your feedback below.kindly please take this into account.

    • 11 years ago
    1. jonasgryder
      Contest Holder
      • 11 years ago

      Will do.

      • 11 years ago
  • ExcelLogix
    ExcelLogix
    • 11 years ago

    my all entries # 110 to 115 are available for all required domains and cost below $ 100

    • 11 years ago
    1. jonasgryder
      Contest Holder
      • 11 years ago

      Thanks Excel!

      • 11 years ago
  • smuhandiramge
    smuhandiramge
    • 11 years ago

    kindly check #268

    • 11 years ago
  • neerajpant1710
    neerajpant1710
    • 11 years ago

    kindly check #226

    • 11 years ago

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