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Has anybody considered creating your own crypto or token? What were you going to base it on and please explain the purpose of it.
Basically if am rich like musk,instead of me investing in any crypto currency coin I would rather create my own and name it after me, because I know so many people will invest in it because have already make the money and the fake as well.Has anybody considered creating your own crypto or token? What were you going to base it on and please explain the purpose of it.
That's a good thinking and a welcoming development, I think you must first have a website before trying to create your own personal crypto currency, for now I am still neutral about creating my own coin.It might look like a tall order for now but I am actually thinking of creating my own cryptocurrency that I will base on the Bitcoin blockchain Technology and it will be faster than Bitcoin is transaction confirmation. My objective for this coin is for it to someday appreciate in value above Bitcoin.
You are absolutely right. Before you create your own cryptocurrency, you need a comprehensive knowledge and experience on how cryptocurrency works and it is a capital intensive project.It is not a thing for everybody who thinks creating a cryptocurrency is an easy task. It involves a whole lot of money and financial investment to go into creating a digital currency.
Why do you think it is not the right time yet? Or are you saying that you do not have any plans regarding something of that nature.I have not thought of creating my own coin at the moment because there is time for everything and now is not the right time to do that, I don't know the future so I'm out ruling it out