How much will it cost to launch my own cryptocurrency?

[Setho]

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.

The amazing thing is that there are a lot of blockchain technologies that can allow you to deploy contracts and create tokens for free using their technologies and even add liquidity.

 

[Ononivami]

To launch a new cryptocurrency you will need to have the required knowledge around the programming language. A programmer will spend less in launching a cryptocurrency than in novice in the field.

 

[Lens]

Launching a cryptocurrency should be costly on the ethereum platform. We have seen developers create many tokens on this platform with minimal amount of money.

 

[Ononivami]

The amount that it will cost to launch my own cryptocurrency is dependent on the knowledge that I have around the cryptocurrency programming language and the amount of money at my disposal.

 

[Setho]

I have been able to see a lot of people who created smart contracts for free. This is one of the most beautiful things about cryptocurrency because you can create and edit things as you want .

 

[Ononivami]

The amount that it will cost to launch a cryptocurrency will depend on your knowledge around the cryptographic programming and that is what you will need to minimise the cost.

 

[Setho]

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.

Thank you very much for sharing these resources as I was even thinking that it was very difficult for somebody to set up his own cryptocurrency not knowing that you can even do it for free.

 

[Bookwormlux]

There are already plenty cryptocurrencies out there , and I think that the market is suddenly becoming saturated already and it will not be easy for any coin to even break through.

 

[Ononivami]

It will not cost you a huge amount of money to launch your own currency provided that you have a good knowledge around the programming language of cryptocurrency. With this it should be very simple

 

[Lens]

It doesn't required a lot of money to start your own cryptocurrency . you just need to have the knowledge around it for you to be able to minimise your expenses in this business.

 

[Syldan]

I think your expenditure on launching your own cryptocurrency sometimes depends on the skills you have. if you have the skills of running the operation yourself, it will be more less expensive than hiring someone to do the job for you.

 

[Ononivami]

I do not think it will cost you a lot of money to launch a cryptocurrency because it doesn't require too much of expenses except for the marketing campaigns that you would embark upon.

 

[Smiles20]

Launching of cryptocurrencies are not that expensive at all. There are a lot of ways in which you can be choosing to launch on the smart contract and some of them are even free.

 

[Ononivami]

Launching a cryptocurrency is not a child's play because it will need a lot of fund to be successful in that niche so we'll need to be very careful of the type of investment that you want to put your money into.

 

[Sotherefore]

You can't just launch any cryptocurrency . before you even make an attempt to do so you have to find out if your cryptocurrency has something to offer because it is what is needed nowadays in the crypto space.

 

[Chibson]

Launching a cryptocurrency project is not where the problem lies because it does not really cost much money to do that. Where you will spend a lot of money is adding liquidity to the cryptocurrency because you need a lot of money to market your cryptocurrency in so many platforms in order to get a lot of people to invest.

You can probably make money to add on liquidity from pre-sales but where to get people that will buy the presale is where the problem lies.

There are a lot of cryptocurrency scam so people are very much sceptical these days.

 

[Sotherefore]

I always believe it won't really cost much to establish your own cryptocurrency, but you may be forced to spend so much money on advertisement and to also create awareness. Listing it on binance will require a lot of money.

 

[Smiles20]

There are so many cryptocurrencies that are coming out everyday and that is to tell you that you did not even need anything in order to be successful because it is completely free to deploy.

 

[Sincerem]

There are so many cryptocurrencies that are coming out everyday and that is to tell you that you did not even need anything in order to be successful because it is completely free to deploy.

I might be free but going through the whole process you will still need some money to start up and set it up to standard. It might even be quite possible for you to establish your own cryptocurrency but making this cryptocurrency known to many is the problem. Nowadays a lot of people do not trust new cryptocurrencies as the used because of high rate of rugpulling.

 

[Smiles20]

The beauty about the decentralization is that there's going to be a lot of concentration of ideas. This is why there is a lot of blockchains and free to deploy contacts.