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I think you should have stated why you were asking about toplists. It could be using others toplists to generate traffic or starting your own.
Looks like you are talking about starting your own? Getting other webmasters to sign up for it in the first place could be a big challenge. If they go there and you have very little traffic or listed sites, good chance they won't sign up. At the very least to give it a good chance you'd have to have a good amount of traffic flowing to it from the start. The key is to get many others sending good traffic to the list.
I know for me, before I will sign up for some one else's toplist, I want to see I have a chance at a good return. Hard to tell with a new one.
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