How much will it cost to launch my own cryptocurrency?

[ganibade]

It is very hard for me to establish my capital currency. This is not easy task to set up my own country currency because I have not undergone thoroughly training.

 

[Skysaint]

I have always wondered how so many popped out of nowhere on a regular basis. Maybe it's because the cost of launching a cryptocurrency ain't worth that much but the fact here is that, for your coin to get recognized and attract investors you will have to spend alot.

 

[Sotherefore]

When you are trying to establish your own cryptocurrency you need to also understand that you will engage in a lot of advertisement advertisement , creating awareness is what might likely take a lot of your capital that's all .

 

[kayode10]

It takes a lot of process before you can launch your own cryptocurrency in the marketplace. First you have to undergo private placement in which you are going to attract investors for your coin. You need to develop a unique approach to your coin launching in order to make money with it.

 

[Heatman]

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.

Personally I believe that launching your own cryptocurrency or coin is not the problem but do you have the resources to invest in the project so that people will actually take it seriously.

 

[Lens]

The introduction of the ethereum blockchain has made it very easy to create ones cryptocurrency. We have many tokens listed in the ERC-20 on the ethereum blockchain. The major challenge is how to promote it.

 

[Ononivami]

I don't really know the exact amount but what i do know is that if it will be launched on the ethereum blockchain, you will have to pay some ETH to get numbers of your token.

 

[Sincerem]

Well, as you have rightly stated it doesn't cost a fortune to launch your own crypto currency, but it will still need a good sum to make it stable and secure for transaction and trading.

 

[Syldan]

In launching your own cryptocurrency, I think there are several factors or ways which needed to be considered in other to make it possible. Most have to engage the service of social media networks which may helped in the advertisement of the crypto and that may cost alot.

 

[Ononivami]

In launching your own cryptocurrency, I think there are several factors or ways which needed to be considered in other to make it possible. Most have to engage the service of social media networks which may helped in the advertisement of the crypto and that may cost alot.

If seems it's very easy to launch a cryptocurrency, mostly on the ethereum blockchain. These tokens are called ERC-20 tokens. They are very promising because of the traffic on ethereum blockchain.

 

[Syldan]

I think it may cost alot of money to be able to launch your own cryptocurrency even though the exact amount can not be predicted because of different factors which may affect your operating strategies.

 

[Bookwormlux]

You need to have billions of dollars to pump into the market to show your investors how serious you are. This is the only way to gain Their trust actually. Nothing else can.

 

[Ononivami]

You need to have billions of dollars to pump into the market to show your investors how serious you are. This is the only way to gain Their trust actually. Nothing else can.

I don't think we need a very high amount of money to launch a cryptocurrency except if you want create your own blockchain protocol and smart contracts. You could create a token easily on ethereum blockchain.

 

[Bookwormlux]

I don't think we need a very high amount of money to launch a cryptocurrency except if you want create your own blockchain protocol and smart contracts. You could create a token easily on ethereum blockchain.

Wow , nice knowing about this. That is the major reason then for the large number of shit coins that we have got all over the crypto currencies space. One has to be more careful.

 

[Electrohunter26]

Yep it is that easy but as others said it is about value and you asked for how much it costs to launch you still didn't talk about marketing
If you want to get a good marketing for your coin/crypto you can spend millions of dollars on that except if you have a company,website or app which gives support to your crypto
At the end it is not really about launching it
It is about what is after it anyone can launch a token easily nowadays

 

[Lens]

Launching your own cryptocurrency is very easy provided you are using the ethereum platform . You will be able to create an ethereum based token known sa the ERC-20 tokens.

 

[Sotherefore]

Launching your own cryptocurrency is very easy provided you are using the ethereum platform . You will be able to create an ethereum based token known sa the ERC-20 tokens.

I was even believing the smart chain to even be the most easiest way to launch your own cryptocurrency. The erc20 is not suitable because it carries high transaction fee as I understand how its works.

 

[Lens]

I was even believing the smart chain to even be the most easiest way to launch your own cryptocurrency. The erc20 is not suitable because it carries high transaction fee as I understand how its works.

The only thing I do not understand about the whole thing is that some of the ERC-20 tokens have very Minimal transactions fee example is the USDT, the Dogecoin etc.

 

[Sotherefore]

The only thing I do not understand about the whole thing is that some of the ERC-20 tokens have very Minimal transactions fee example is the USDT, the Dogecoin etc.

Are you sure of this ? You also have to understand that the usdt exist in 3 state, the erc20, the smart chain and the Trc 10. I believe the erc20 will still be much more expensive compared to others.

 

[Bookwormlux]

Someone made me to understand that the process is not as difficult as I earlier thought, but you still have to ensure maximum transparency. This is what would draw investors to your coin.