What Does it take to create a Cryptocoin

aces777

sr. member

Activity: 686

Merit: 250

Quote from: investerS on October 13, 2018, 03:25:22 AM

Please i will like to know what it takes to create a cryptocoin, the knowledge that is needed, the capital that should be invested and how to get it promoted for it to be successfully accepted. If there are short ways of achieving this with no risk i will like to know. Thanks.

At this point not much, where you would have much of a problem is if you were going to create a coin that would run on its own blockchain but if you are just going to create a token that runs on the ethereum platform then it does not take more than 30 minutes to create a new token as long as you are careful and you know what you are doing, it should be pretty easy

ichernikov1

jr. member

Activity: 275

Merit: 1

creating new coin as fork is simply, and you need only $25000 for fork btc or eos network
if you want create new network from zero you need ~ $6000000
for creating a dapp in forked network you need $10000+
for creating a dapp in your network you need $50000+

if you want create new coin or fork pm me for examples

skype: ichernikov1
telegram: @ichernikov1

futile-resistance

hero member

Activity: 840

Merit: 516

Quote from: EducoinVietnam on November 14, 2018, 04:24:01 AM

Besides that, you need to have a good capital, so you should visit summits and conferences to interact with other community members.

Well, in respect to trying to interact with community members as well as trying to build a team, which is something that can always come in handy. Creating crypto coin or token is something that is easy to do when you have the knowledge to do so.

However, it is one thing to create a coin or token, and it is another thing to have a product backing it up and not just some ideas or empty promises. Investors are getting wiser by the day, so for anyone who thinks he or she wants to come into this space to end up scamming people or thinking investors will be gullible enough not to discard it, will only be wasting his or her time.

justspare

hero member

Activity: 1022

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Quote from: Red-Apple on November 13, 2018, 08:00:39 AM

it depends on what kind of cryptocurrency you are planning on making. a shitcoin or a real one?

if you want to create a shitcoin then it is super easy (unfortunately). you just have to have very basic programming skills to copy code and compile it with a new name by changing a bunch of parameters!
creating tokens (ICOs) is even easier.

but if you wanted to create a decent project then it is not easy at all. you have to have expert understanding of cryptography and a lot of programming skills. and on top of that you have to actually have an idea that you want to implement as a new coin otherwise there is no point in creating a new one when thousands exist.

He would only get to waste his time in the long run in creating a shit coin as there will be no reasonable investor that will end up wanting to be a part of it. If you know you do not have a good idea, a product to pitch to investors and the right set of attitude when it comes to developing the project for a good success in the long run, then you should not even be bothering yourself.

If you are good at what you do, it does not take much to try and organize a team which conferences can be good in networking brilliant minds, and creating a product in that vein for investors to want to invest in. Nothing is easy, you just have to pay your own dues when it comes to creating something people will love to invest in.

EducoinVietnam

member

Activity: 420

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Besides that, you need to have a good capital, so you should visit summits and conferences to interact with other community members.

Georgiyk

member

Activity: 504

Merit: 10

Creating your own cryptomonet is a complicated process. After all, to realize your idea, you need to understand the principle of the currency, as well as have skills in programming. Subsequently, you need to invest in its promotion.

petrcoin

sr. member

Activity: 658

Merit: 270

Creating a crypto is very easy.

Even there is a crypto machine kind of thing what minereum (another shitcoin) offers. You just pay some mne and you have your owen cryptocoin. But if not something behind it, you would end up with a shitcoin.

Red-Apple

hero member

Activity: 1470

Merit: 655

it depends on what kind of cryptocurrency you are planning on making. a shitcoin or a real one?

if you want to create a shitcoin then it is super easy (unfortunately). you just have to have very basic programming skills to copy code and compile it with a new name by changing a bunch of parameters!
creating tokens (ICOs) is even easier.

but if you wanted to create a decent project then it is not easy at all. you have to have expert understanding of cryptography and a lot of programming skills. and on top of that you have to actually have an idea that you want to implement as a new coin otherwise there is no point in creating a new one when thousands exist.

KolayZdun

member

Activity: 434

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”Decentralized Digital Billboards”

Team and reliable partners is just what you need to make a good coin. If some of your team members may leave project during development stage, it will be bad.

marcitosi

jr. member

Activity: 196

Merit: 1

Short ways to achieve without risk are buying a site and buying a reting ico, but this is an extremely bad idea and I'd rather not do this

TamaraKul

member

Activity: 322

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You need to become a leader for your team and you should be a good manager, because most of project had died just because of poor managrment during crisis.

bhadz

hero member

Activity: 2520

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Payment Gateway Allows Recurring Payments

Short ways of achieving it? This is quite far from what I'll say but its like you are looking for a shortcut to success. Someone who's up for this idea and isn't ready for it, stop and learn more about it. Take step at a time and learn on how and why you need to create your very own coin.

MegaPost

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Activity: 168

Merit: 10

Quote from: investerS on October 13, 2018, 03:25:22 AM

Please i will like to know what it takes to create a cryptocoin, the knowledge that is needed, the capital that should be invested and how to get it promoted for it to be successfully accepted. If there are short ways of achieving this with no risk i will like to know. Thanks.

The most important thing is trust. If investors do not trust in your project, you will never get enough money for it, so make them trust your ideas.

MatinSTR

newbie

Activity: 198

Merit: 0

You have to have a goup of profi devs to do all the stages needed to create coin, platform and the main thing is - original idea, otherwise who will need and buy your coin.

Mr.Boring007

newbie

Activity: 37

Merit: 0

Creating a cryptocoin needs a cummulative of huge fund, hard work and proper developers. There are no other easy way to create for which we are seeing a lot of failed ICOs.

BusyShows

newbie

Activity: 37

Merit: 0

There is no gain without risk. First, one has to come up with a proper idea for ICO and make allocations for venture capitals to come in. If people sees potential in it, they might invest.

ColemanGentry

newbie

Activity: 16

Merit: 0

To create a new cryptocoin with it's own blockchain is a serious task. You have no guarantee for success if your coin lacks innovation or use cases. Besides having to have more knowledge we also have to have reliable team.

kutangterbang

full member

Activity: 518

Merit: 134

short and no risk way? This is not a cake that you can make in 30 minutes and can eat it in 5 minutes
making cryptocoin must have a good goal, a vision mission that can be achieved well, a reliable team, and a large enough capital, you also have to think about promotions and communities that can be formed
so, this cannot be short and without risk, because the biggest risk is that coins will decrease and die in the market

kolonel_x

sr. member

Activity: 1092

Merit: 250

hey, friend made crypto that was a very easy thing, it was difficult to find the idea of vision and mission about what exactly the function of crypto is what we make. and of course in this day and age it is very difficult to initiate ideas that are interesting...

Braeden Hahn

newbie

Activity: 28

Merit: 0

Creating a new cryptocoin is a complicated job. It requires its own blockchain, very serious maintenence, good team of developers and a good budget to pull everything off. But the lack of innovation can lead to zero possibilty of success, which is a risk you will have to take if you want to create a new crypto coin.

Topic: What Does it take to create a Cryptocoin (Read 283 times)