This is an interesting take on the BaaS market. So this does something to similar to, for example, Chain (chain.com), but for non-technical people?
Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
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Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#12Hi John & Marcus. We are interested in this. Can the coins we make be traded on an exchange?
Hey, they are pretty standard ERC-20 tokens, so they technically can be traded on an exchange. However, right now all of the coins have pretty low volume, so most exchanges probably wouldn't list them. A decentralized exchange built on 0x would work though!
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#13Pyramids for everyone!
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#14Hey I offered this exact service with: www.dotcomco.in Some of the in-house community cryptocoins I made as a portfolio of examples include: www.ycco.in - distributed karma for HN community (still up) www.instagramco.in and www.facebookco.in - distributed likes Of course I didn’t make it to front page of HN and got no traction. As I have more than a few cryptocoin/blockchain themed domains I began tozenizing the doma…
You charge 10 bitcoin as your fee which is around 80,000 usd in today's value!
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#15Hi, How long have both of you been working on this project? What was your traction before getting into YC? I'm most interested in the traction part since there's this misconception that YC does not accept early stage companies. It looks there are a whole lot of companies in the very early stage and I personally take that as a positive sign.
In total about 4 months. Before getting into YC we had a an Ethereum developer tools project. It had pretty low traction at that time (a handful of dedicated users, but now many). But we had built other Ethereum projects together before. That developer tools project eventually transformed into Hexel, which is now consumer facing.
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#16This is super cool. Love your unique take on making crypto useful right now and focusing on fun & community (rather than ICO hype).
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#17There area bunch of these services already, so is this YC doing a me too or is there something inherently different?
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#18Trying to actually use this reminds me of how frustrating and slow it is to actually use cryptocurrencies. Endless hoops, lots of waiting for confirmations, and that's me doing things the 'easy' way with Coinbase and MetaMask. Edit: > We've submitted your transaction to the network. This usually takes about 2 minutes to confirm. 30 minutes later... Edit 2: One email to the Hexel support team later and lo, my token is…
Yeah you're right, the user experience with Dapps can be pretty painful. We're trying to make this better.
Edit: transaction time depends on the gas price, email me at support@onhexel.com and I can make sure that things go smoothly!
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#19Hi, just a general question for tokens that you might be able to answer: let's say I create a token and I want to programmatically give those tokens to people as a reward. Think of it something like "kudos" so let's say I'm at work and I want to give my coworker a thank you and for that, as a token of my gratitude, I want to send them one of my tokens. Is this do-able at all or am I just thinking of this the wrong way?
One more question: since these tokens are created on ETH, does this mean for each transaction related to a token, I will need to pay gas each time I want to transact?
Re: Launch HN: Hexel (YC W18) – Create a cryptocurrency for your community
#20This is an interesting take on the BaaS market. So this does something to similar to, for example, Chain (chain.com), but for non-technical people?
Kind of. I don't know that much about Chain, but it seems like they are building private blockchain infrastructure for payments. Our tokens can obviously be used for payments, but the angle right now is not that this is faster and easier (because at this point in time, it's not). It's more that this lets people explore new concepts with tokens, and we give non-technical people the tools to try those concepts out. And also make it fun.