How much will it cost to launch my own cryptocurrency?

[Setho]

There is a lot of block chain technology that is existing right now and it has made it very easy for you to be able to start your own chain. I do not think you are going to spend more than $50 in order to set it up but the most important thing is just how much people are aware about the project.

 

[Ononivami]

The cost of launching the cryptocurrency is not actually very high, what would cause the cryptocurrency to attract higher cost is the marketing campaign. You will spend a lot on marketing.

 

[Lens]

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.

Some of the ERC-20 tokens has very low transaction fee . The dogecoin is one of them and it has a very low transaction fee . The bottom line is that some of the coin as low transactions fee.

 

[Sotherefore]

Some of the ERC-20 tokens has very low transaction fee . The dogecoin is one of them and it has a very low transaction fee . The bottom line is that some of the coin as low transactions fee.

Wow I don't know the reason why dogecoin is different from others . I was expecting all of them to be the same. So based on your understanding what is the reason behind the low transaction fee ?

 

[Bookwormlux]

Launching your coin is not the main thing here, but it's about being able to convince people to patronize the coin and use it for very big projects that would enable you to get a lot of credibility.

 

[Lens]

Wow I don't know the reason why dogecoin is different from others . I was expecting all of them to be the same. So based on your understanding what is the reason behind the low transaction fee ?

I think it has to do with the developers. The developers are the ones that designs how the business is been run. They will determine the trans

 

[Achawaskey]

I don't really know that lunching a cryptocurrency is not all that cost, but I believe the low cost once are poorly built, while the rich once are richly build. If its that simple to build cryptocurrency , we would have be seeing 1 million cryptocurrency.

 

[Sotherefore]

I think it has to do with the developers. The developers are the ones that designs how the business is been run. They will determine the trans

How will they even determine the transaction fee when they are not directly controlling the price. I was made to understand the transaction fee of a particular cryptocurrency is determined by the congestion of the blockchain.

 

[Setho]

Cryptocurrency and blockchain technology is now very easy for you to be able to set up. You do not really have to be able to pay any money as a lot of these chains are usually open for you to be able to deploy anything you want provided that you know your way around it .

 

[Lens]

How will they even determine the transaction fee when they are not directly controlling the price. I was made to understand the transaction fee of a particular cryptocurrency is determined by the congestion of the blockchain.

I didn’t know this, I have always thought that it is a design made by the developers. Some developers attracted many users due to low transaction fee on their platforms.

 

[Sotherefore]

I didn’t know this, I have always thought that it is a design made by the developers. Some developers attracted many users due to low transaction fee on their platforms.

Transaction fee in cryptocurrency are not always constant and sometimes when there is congestion in the network there is likely to be an increase in the transaction fee. It is left for you to decide if you are to transfer it or not , that's how it work.

 

[Setho]

A majority of your money is definitely going to go to promoting and also hiring people to make the project more popular and not the actual development on its own . There are a lot of block chains that are going to allow you to deploy contracts on their ecosystem for free.

 

[Lens]

Transaction fee in cryptocurrency are not always constant and sometimes when there is congestion in the network there is likely to be an increase in the transaction fee. It is left for you to decide if you are to transfer it or not , that's how it work.

I am not disputing the fact that you presented buy i will make findings into this because the time of delivery also depends of the transaction fee. I know this around bitcoin.

 

[Sotherefore]

I am not disputing the fact that you presented buy i will make findings into this because the time of delivery also depends of the transaction fee. I know this around bitcoin.

I don't really know much about bitcoins because I have not been transacting with bitcoins before except only ones. Like what do you mean by the fact that transaction fee will determine the delivery time.

 

[Lens]

I don't really know much about bitcoins because I have not been transacting with bitcoins before except only ones. Like what do you mean by the fact that transaction fee will determine the delivery time.

The Bitcoin transactions done on the blockchain could take 3 days before you will receive it but the cost is very minimal. I fact the transaction fee is not significant.

 

[Syldan]

I dont think there is anyone who can give you an exact estimate as to who you will spend in to for the launching of your cryptocurrency this is because there are so many procedures which most be followed.

 

[Lens]

The cost to launch a cryptocurrency is not very high but the cost of marketing is very high coupled with the rigorous work that will be put in. So , the marketing aspect will give you more headache.
The cost to launch a cryptocurrency is not very high but the cost of marketing is very high coupled with the rigorous work that will be put in. So , the marketing aspect will give you more headache.

 

[Ononivami]

The cost to launch a cryptocurrency is not very high but the cost of marketing is very high coupled with the rigorous work that will be put in. So , the marketing aspect will give you more headache.
The cost to launch a cryptocurrency is not very high but the cost of marketing is very high coupled with the rigorous work that will be put in. So , the marketing aspect will give you more headache.

The cost of marketing is very high when compared to the cost of creating the cryptocurrency . One will have to embark on rigorous work before you could get a reasonable lead.

 

[Bookwormlux]

I think I read somewhere that if you have people who will be able to pick you up launching your own cryptocurrency is not very difficult, and may not even cost you anything at all.

 

[Ononivami]

There are blockchain that will allow you to launch your one token very easily . Example of such platform is is ethereum. The platform will allow lunch your own coin. You will have to purchase some amount of ETH to get your token.