Topic: What it cost in fiat money to make a crypto project? - page 2. (Read 297 times)

Nowadays token creation service available even at $250 as well but if you are going to create your own blokvhai for your coi means then it depends on your idea and your advertisement strategy.

Based on how big is your time, if you are alone probably you need to hire esperts to help you build like good looking website, smart-contract, documents writers  or paid-PR. With this situation, you will need to pay more money. But if you have a big team that agree to build the project together than it would be cheaper. Unfortunately, I can mention the exact number of money needed because maybe each country has its own expense.

I can imagine that it is not the cheapest thing in the world. You need a website, a whitepaper, make a good team, pay advisors, community managers, developers to create at least an MVP. Moreover, if you want people to buy it, you need to pay for holding an IEO.

not that simple my friend
you need more than 1,000$, because for a serious project not only a website, but you should find a good and professional dev team, marketing team etc, and all the team above is not free,,, also to develop your project you need money too
maybe the in the beginning you need at least 300,000$ - 500,000$

The estimate I think for creating new project in crypto is about $5000-$10,000 because creating new project is not easy you need developer odd this and any others needed. Unless you are have skills that is good for creating new project and you know that you will save thousands of dollars for sure.

Ok let's say bounty you pay with the tokens i would not say it cost money , the most expencive think it would be for me to make goo professional website, i would say around 10K dollars it would be good money to start!

Sorry, but a 15kUSD is just too low amount to start bigger development of the project with blockchain technology in it. You have to remember that if you really want to succeed you have to also have a fund for marketing campaign.

First and foremost, the initial cost involved in the creation or development of a crypto project will basically depend on the type of project you want to develop and the purpose of the project to the crypto space. This will help you know the kinda team you need and the cost involved for the team. Also, the cost for a crypto project will depend if there is a product to back the coin and the project.  You may need an estimated amount of $15k for the initial start.

Probably around $100k I'd say, you need someone to promote it, create a website for you, developed a token and then bounties to raise more funds.

Or you can have like joint ventures or reach for other companies to help you do a start up though. For me, business capital should be big so that you can do whatever you want to make a project successful.

Conceiving an idea to launch a project is very much good in the world of cryptocurrency. One of the good aspects of cryptocurrency is you need not to face difficulties in collecting funds to support your project and implement your ideas, but you need to put forwards a good concept and a genuine project. There are many investors ready to support your project (promising and good). Some sites have been offering as a mediator to collect funds for any person wishing to start a new project.

Well off course i need to hire people to make the project, need people who will start the project with me not for money for passion, people who beleave the idea it would be very good!

It is very hard to start a crypto projects from scratch. Imagine the cost you will used just in creating/maintaning your website. You need to hire a web developer to maintain the website and security. You will hire people to help you run the project like marketing, legal team and developers.

not much innovations, can't brings innovations more than bitcoin did , don't have such great computers skills , but i have such great idea and iwould love to make it with good team around!  What do you think it would be the best steps to do right now? Starting to make a team?

Yes i agree with you, team is important and good partership is vital for a project, i have such great idea and i would love to start soon!

I can not say how this case is calculated correctly, but I think that in general it depends only on how strongly you believe in cryptocurrency. I think that prices will set the market and it will dictate what I should use.

2.5 BTC - 3 BTC is certainly a big number in my personal opinion. But if a project that wants to develop is certainly a very reasonable number. I'm sure anyone would have an idea about the project. But for development, it is certainly needed.

It all depends on the kind of project you want to build, if you are thinking of creating your own coin and launching it to the market,  then you should budget at least 3 BTC bought for developers and also payment of listing fee to exchanges so that your coin can be added to their exchange for trading, I am a developer and I have seen a lot of project been carried out,  the least they ever spent in making their success was 2.5btc.

it depends on hundreds of different things! and it can be in a range from $1 to thousands of dollars.

for example you can do what 90% of the market is doing and copy another shitcoin and change its name to release a "new" one. that doesn't cost anything since you just copied another developer's code. this is happening these days in form of ICO/IEO/...
but on the contrary if you want to create an actually good project with some innovation then it takes time for you to code it and that development process is a time you are spending as a "developer" so it costs you to code. depending on how much you invest your time it can cost differently.

the above is the major costs in my opinion.
but then it comes the advertisement. a good project doesn't really need advertisement so your cost if you have a good project is nearly zero. for example Satoshi never spent any dime on advertising bitcoin!
but if it is a shitcoin specially a shitty ICO token then you will have to spend money advertising it so that you can fool people into buying your crap so that you can dump it and make money. in which case the cost increases based on how much you want to advertise the project. it can be in form of banner ads on forums, websites or ad networks, it can be signature campaigns, bounty campaigns for fools,... and each have different cost.

On th Philippine peso, I've heard of a company that handles the creation of websites, though, their work is not that good as it looks, it cost for about 4 million PHP or 75K dollar, I don't think how much a professional website for ICOs cost for a team if it was created very well and looks professional.

Agreed.  There are many projects that go out and raise as much money as possible and then try to sort it out later, but that is a dangerous maneuver. Best to plan out exactly what you want to do/accomplish as much as possible first.  You can always pivot or change plans as things change, but at least you have somewhat of a blueprint/roadmap to work and plan from.

Social media accounts are free, but please don't buy and re-purpose one.  This will give your project a very shady look from the get-go.  Organic growth is the kind that sticks around since it is based off of substance, not empty hype.

Exchanges can charge crazy fees to review and list, and DEXs can possibly be less, but don't focus on that from the start.  Its more of a "if you build it, they will come" sort of thing if you are filling a needed niche.