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How much will it cost to launch my own cryptocurrency?

  • Thread starter Thread starter sharonpedrosa
  • Start date Start date
Launching a cryptocurrency is not costly at all but where the work lies is how to get it know to people. If you launch a cryptocurrency without making it known to people you will probably not make money from it. it depends of the kind of cryptocurrency you want to start and the kind of project you are launching.
 
You are going to be spending more money on promotion than you are going to be spending in deploying a contract and that is exactly what you should be more focused about.
 
I do not know how much it is to lunch a personal cryptocurrencies coin, but I believe that if you join some cryptocurrencies group and forums, you will get many update and information about that.
 
It will not cost you a huge amount of money if you go through the ethereum network to create your own cryptocurrency. That platform presents the opportunity to create your own tokens.
 
Surprisingly it may not take a lot of your cash if you are interested. But the most important thing while trying to launch your own cryptocurrency is how people will see it. If people would be willing to invest and partner with you is very important. Because of this you must be able to establish a cryptocurrency with a reasonable use cases.
 
You should be budgeting anything in the region of 1000 to 2000 dollars including initial marketing for you to be able to do a middle range cryptocurrency because it is free to deploy.
 
Actually launching of new coin is not that very easy like open a business once you have the money. You need to follow some of protocol and pay some money to validate the coin
 
Bookwormlux said:
From this post,it shows launching a cryptocurrency is pretty easy. But then, that is not where the main work lies as your being able to lure a lot of investors is what really gives you an edge in the market.
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Launching a cryptocurrency might not be that expensive but the marketing aspect would be very tasking. You will need to convince the investors on how your cryptocurrency will surge by 100x in the future.
 
I think that we should not be looking at the difficulty that is involved in creating cryptocurrency but we should be concerned with how to market the cryptocurrency that we have chosen to create.
 
I believe that you will not spend huge amount of money on the creation of cryptocurrency if you have a very good knowledge around blockchain technology and programming.
 
Well, before thinking of launching your own cryptocurrency is advisable you have fixed some amount of capital for the investment because you dont know how much it can cost you yet so that you can not run short of fund.
 
If you want to really launch cryptocurrency, the best platform where you can launch your cryptocurrency is the ethereum platform. You could easily generated token on this platform, but the marketing aspect is what will take much of your time.
 
From the comments made here launching crypto your own brand will not take much but I'm not really sure of the amount but that's not all the work. The main work is how to lure potential investors into investing.
 
Syldan said:
Well, before thinking of launching your own cryptocurrency is advisable you have fixed some amount of capital for the investment because you dont know how much it can cost you yet so that you can not run short of fund.
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Though you dont really need much money be for you can launch your own version of crypto currency coin , but you need to fixed some amount of money in running the launching .
 
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