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RE: #SteemSilverRound: A Blockchain-Powered Community Coin....
How many Rounds would need to be sold to make this project economically viable?
And how much would each Round cost on current silver prices?
Well thats the million dollar question isn't it @pennsif!! Things that wont change -
Now heres the thing, the mintsge number is not as important as you might think. Obviously, a mint will make(charge us) more money the more we ask them to make, but then we can ask for a lower fee per round if we make more. The difference will be fractions of dollars per round, but add that up 1000, 1500, 2000 times and it makes a difference.
A massive hurdle will be - who pays the mint and how the mint wants to be paid..... im guessing everyone here will want to pay in steem??!!?? Are we foolish enough to belive a kint will accept the 431st listed crypto on coinmarketcap as payment? Someone will need to take "payments" in steem, convert to dollars, pay the mint and take any hit on the fluctuating prices if steem continues to drop like a stone. Which is why ive said that im happy to help the PLATFORM and @steemcurator/ @steemcurator2 @steemit or whocever is inchsrge to make, advertise and distribute, but my pockets arent deep enougg to take the risk at the moment!
Anyways, the point of this reply was to give ballpark figures and not write war and peace.lol
If we were to go with a lower mintage of say just 500, this would be a decent number for any micro-mint to happily produce for us, with current spot price, average premiums, labour costs, the cost of die manufacturing and material, I would expect to be paying **£38/$48usd/250 steem PER coin (plus P&P)
Its not cheap!!! Fundraising and help, as i said, from the platform itself could drastically reduce the costs, but thats something wed need to discuss in more depth to grt a better understanding.
If you want to setnup an advisory committee you can 100% count me in to help in anyway shape or form. In fact, ill run this idea by the community later today to het numbers and intrest. My gut feeling is that after the split steem/hive most have cutnALL tiesnwith thisbplatform and would NOT lend their support unfortunately
Thanks for the info, it seems not many are seeing the posts about the #SteemSilverRound. Seems like all local communities in steemit are busy with their own communities.
Maybe the steemit team and @steemcurator01 can include the information about #SteemSilverRound in their next post, we need to spread the information to everyone
Thank you for all the extra information and particularly the ballpark numbers.
250 STEEM per coin is not so difficult - but it might be a challenge to find that many individuals / communities to pitch in.
The initial logistics and funding may be the bigger hill to climb.
1000 coins is probably the starting point because they should not be too expensive per piece.
Hope that our expert @welshstacker can answer more about the costs for production and approx. what a coin will be priced at