How much will it cost to launch my own cryptocurrency?

[sharonpedrosa]

It doesn’t cost much to just launch a cryptocurrency.

It can be as simple as deploying a smart contract on Ethereum or any other blockchain platform.

Or, you can just fork an existing cryptocurrency to create your own version with a different name. Most cryptocurrencies are open source anyway.

Here’s a quick guide on how to launch a cryptocurrency on there - How To Create Your Own Ethereum Token In An Hour (ERC20 + Verified) — Steemit

According to the post, it cost him about ~$30 USD to launch the token. So, that’s the rough estimation.

 

[Shigobad2020]

You are right , it doesn't cost much amount of money in order to launch your own crypto currency but what about its value , there are over five thousand different crypto currency coin in the world and most of them at valueless.

 

[Justin]

I think you can create your own token with spending any money, however, for the token to work (t attract investors), you need to put some money in the liquidity pool.

 

[Smiles20]

There are so many block chain networks right now and as such you do not even need so much money in order to start your own project. You are only going to need to spend on marketing and the amount of money to get a liquidity provider.

 

[Blessedsam60]

I have never had the experience before. Am still thinking of how people creates their coin and launch it. Although if one wants to know more about this, one has to seek for blockchain and crytography knowledge either by learning.

 

[Laurentta]

I never knew one could launch their own crypto currency without spending much. I'm just hearing about this for the first time. So after one launcher his or her crypto currency, what next.

 

[HayKay]

I think with the advent of NFTs you can launch your own tokens for next to nothing. I know of someone who launched his for less than $10.
Owning a part of the crypto space is getting less expensive and it's very exciting.

 

[Sotherefore]

I don't really know the actual amount needed for this, but I believe it will be very much cheaper to launch your cryptocurrency using the binance smart chain, you can research more about that on Google because they might give you better information on the exact Amount of money needed.

 

[Bookwormlux]

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.

 

[Shigobad2020]

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.

There are many responsibilities attached to the launching your own crypto currency, after launching it you need investors that will help you in the market concerning the coin.

 

[Syldan]

Launching your own cryptocurrency, sound like something very easy to say but the ability to run the affairs in terms of availability of investors on that particular crypto is the problem of discussion.

 

[Bookwormlux]

The capital that is required to start is not even what you should be bothered about, but should be thinking about how you will be able to convince a lot of top influencers to back your coin, so that it will get maximum adoption and popularity.

 

[eLdavis]

I guess now I understand why there are alot of coins and tokens out there, I have always wondered how these persons could afford this. Cause of how easy it is for them, so many persons are going into it.

 

[Sotherefore]

It might not really needs so much money but I believe the most important thing is for you to launch a cryptocurrency with potential , because without proper potential in the cryptocurrency you are launching then you will be wasting your time as people will not have interest in it .it will just be a pump
and dump coin.

 

[Bousine123]

You are right , it doesn't cost much amount of money in order to launch your own crypto currency but what about its value , there are over five thousand different crypto currency coin in the world and most of them at valueless.

That is true bro, how to make a crypto currency valuable is the main problem, the more people know your crypto the more they invest in it, it will take a long time to make your crypto currency know world wide.

 

[Kaffyfolla]

Depending on your needs, creating a cryptocurrency can cost anywhere between $2000 and $5000. If you need a feature-rich, custom-built cryptocurrency, it can go as high as $5,000 or more

 

[Grandeur]

It really doesn't cost much to set up a cryptocurrency coin but one should consider what use case or service the coin wants to render that is what would attract investors to it.

 

[Nomad]

If you are a programmer, you can create your own coin or token in three hours for zero cost (that's how dogecoin was created), however, in order to make your coin popular so that you will have early adopters you need to spend a lot of money in marketing.

 

[GoldenLady]

I think it would be better t first have a goal for that coin, unless you have money to play around with. With the serious competition, your coin might never make it if it's not worth it.

 

[Syldan]

Well, launching your own cryptocurrency, may be an easy task, but the problem lies in the value of the coin and how much better are you ready to sacrifice to make your own cryptocurrency better in value.