Bitcoin Forum

anyone can easily create their own token on waves or mintme. You should start by figuring out what problem it will solve, not make it first then look for a usecase.

You asked if it's good idea to own your own coin? I don't think you are even sure what you are up against here, are you sure you have something good to offer? Are you sure you are up to be a worthy developer? What's your plan? What are you trying to solve? This is the most important thing

If you want to start project and create the coin. You need to offer value added from other project. Like ethereum offer smart contract, Tron offer smart contract and faster transactions, or if you want to make DeFi project make the project open source and bult comunity like Sovryn. Create coin or token is easy but built community is hard to do.

making your own token is indeed a dream because if the coins are useful and there are many benefits we will get ..
but all that requires teamwork that really understands the flow of coin making, by offering an ico and starting to give confidence to potential investors who will buy..

You need to be a blockchain developer or can hire someone who can do this for you and everything can be done with $100 but it does make any sense to create a project with no real idea and future. First you need to find the idea which should be unique and also need to be futuristic so that people will get interest and invest on your project.

Depends why you want it.
If it's just a vanity coin, do it on testnet, otherwise be prepared to shill out $10k+ for a coin and a smart contract

github, stackoverflow, udemy or even youtube can provide you a good example on how to create an altcoin. But first of all, you need to have rudimentary material of computer coding which cause you a few months to learn. I guess you can do it because I already see that you have a willing desire

Life is all about trying an error that you know the outcome might be visible, hope you know that.
Are you creating a coin or you are creating a token. You need to know that tokens (e.g Erc20 and BEP20 tokens) are very different from coins.
Are you creating this token/coin for testing or adding value as well. If you are creating and adding value, it's very time consuming and cost especially you alone, it will likely fail.
Why not assemble people if you have the capital funds to run a project and be the ceo or confounder. You don't need  stress to create this tokens/coins. The developers you hired will do the job and they get paid.

Your last sentence doesn't assume anything good ... If you ask this kind of question, then probably you don't have a great idea, a good project. I may be wrong but if only the attraction of money gives you this motivation then you should go your way.

My 2 cents  ;)

everyone can create their own altcoin on various blockchains on eth if i remember correctly through minereum, on waves through their platform and on bsc through a dapp, they all have negligible creation costs

I think generally it's a good idea, but given a very large number of altcoins on the market right now I think you should think more about the idea behind your project. Creating just another coin might not be enough and will be a waste of time and money, think of something unique, that will be distinctive.
I also have a project in mind and plan on creating an altcoin, and, funny enough, I was going to create a thread like the one you did here, but, as I can see from the answers, not many people here have an exact idea of how to do it.
Although, I'm pretty sure that knowing Python won't be sufficient. From what I've read, a good knowledge of C++, Solidity, and Java is very preferable, even though, as far as I know, it's possible to create your own cryptocurrency based on the programming script of Bitcoin or Ethereum. I suggest you hire a professional. Not just a programmer, but the one who's had experience in this field, to avoid some long-term horrible consequences.
Good luck with your project!

First, you have to decide, do you want to use the ethereum or binance platform? after that you have to determine the project idea you want to build. Gathering a team, through marketing with airdrops or bounties.
To create token you can use https://mywish.io/ I think there are many more websites that provide similar things

Making one is easy because there have been services that I've seen that will make you own altcoin for a cheap price. But I don't know if those service are really going to make your coin marketable or it's just for the sake that you own your own coin without a market. Just like a project and thesis matter. But anyway, if you have no idea how to make one, just don't do it. If you're asking if it's a good idea to own your own coin, don't do it.

The first thing you you need to do to create something new in the industry is to find a problem and solve it with a solution. That's the only way to reach the community attention in cryptoverse.
Just like bitcoin solve the problem of freedom of money.

It's easy to create one on the Waves and Tron platform you can but what's the purpose of creating your altcoin, you did not mention it, is it for your group or company use, I hope you are not going to launch crowdfunding there's thousands of pump and dump coins already, let's leave token or coin creation to experts and just use an existing coin in the market, but if you are serious you can check Youtube and Medium sites for articles on coin creation.

There's many people who you can pay to create coin nowadays even in freelancing website many people offer to create coin ERC20 or BEP20 for quite cheap price but remember that it's just a coin with no dapps, defi, nothing.
If you truly don't want to do rugpull then try to learn solidity first, strengthen your foundation at programming smart contract and then you can create some kind of dapp alongside with tokens which ofcourse need to be creative and distinguishable if you want it to succeed because if you just intend to create plain coin then that means you just trying to grab instant money.

If you didn't know anything especially from the start and basic then that's the main reason why you should not pursue your dream about starting altcoin. First of all, you need a team to develop the product that you want to build or else you will spend many years on coding it. This is not the right place to ask this question though. Go to project development and try to find some people who will join you. You can't do this alone.

to make coins maybe we can make it, but most importantly to develop and make a successful altcoin in the crypto market of course requires a lot of money, from promotional fees to market entry fees, if only to make altcoins, in my opinion, it is not too complicated

Since you ask about solidity, it becomes clear you will create a token, not a coin that will be running on its native blockchain.
A token means it will have some kind of utility, perhaps being used in a website or game. It could be an NFT too.

Writting a token code is not as important as making a plan for its success.
First of all you have to wonder why you want to create another token. Ethereum may even have soon a million different tokens. I don't know if there is data on that. Developers were creating these by hundreds each day.

Then you need a plan, a roadmap, a whitepaper, funds for marketing and any costs that can appear, probably you will need a team, as you won't be able to do everything on your own.

And lastly you will need connections. Solo devs are rarely making it nowadays. It's not like what it used to be, when someone was copying the Bitcoin code, forking and making a new cryptocurrency. We have thousands of these already.

Actually, now there are many services that offer packages to create our own crypto coins at relatively low costs. The problem that you have to think
about when creating your own crypto coin, must have a clear goal. Don't create coins with existing functions, because the number of altcoins
in circulation is already very large. Don't create coins just thinking about profit, because I'm sure if you only think about profit, your project will fail.
The project that you are going to create must have advantages over the coins that are already circulating now.

Creating an altcoin is not difficult at all but the more difficult thing is it make it valuable so that people are interested in buying that altcoin.
You should ask yourself why you need to create an altcoin, the purpose behind it and what will be project behind that coin which is unique ?
For sure, you will not want to create another shitcoin as there are thousands of them already.

If you want to start your project, pay attention to the following things.

• First of all, you have to think what will be the use case of your coin/token. Because without a good use-case, your coin/token will be useless.
• Second, you must have a complete plan (roadmap), So that you already know how to take your project forward
• Third, build a professional team, which will convert your idea into a reality.
  
• Forth, write a white paper for your project and try to raise funds privately for kickstart. ( Don't use the copy-paste in your whitepaper )
  
• Start a public token sale to raise more money for further development of your project. and list on a good exchange

It is easy to start an altcoin project but it is very difficult to make it successful, only a professional team can do it that's why it is very important to have a good team and a good plan.

Other members can correct me if I am making any mistake in this

As long as you understand crypto and programming language, of course you will easily be able to make your own altcoins, but after the altcoins have been created, your work is done? Of course not, you need a lot of things to develop these altcoins according to your mission and vision so that they can be accepted and useful for others and what you need most is to build your altcoin community to make it stronger and of course it will require hard work, of course in this you can hire people who are talented or understand cryptocurrency, but you also need to know about how your altcoin will work so that it will foster the trust of people who support your project later.

The way you sound it's like you have no idea about what your coin will provide to adopters, do you have a solution to few problems affecting crypto presently? Share us your idea then maybe it will worth showing you the way, look around you we have so may good coins and many more useless coins too

You need to learn a lot of things here dude. By the way, why do you want to create your own token anyway?
Are you aware or knowledgeable about in cryptocurrency? Do you know the disadvantage and advantage of what you are
entering at here mate? Well, if you don't have any idea, I suggest you to study first here before creating your own utility token.

Have you ever wondered how much work it will be? It's easy to say "I want to create my own coin." but it could just be because you are being dragged by all the hype and money that are incoming with altcoins.
I'll tell you, it won't be an easy road.
First, you need a team. You will have to offer them something for them to seriously participate.
It can't be like "I will pay you if this will be successful." They will need to feed themselves too.
Then, capital. Combine the problem above and then creating a website, a whitepaper (if needs one) and more.

Think twice.

if you want to start your own altcoin, that's fine in my opinion, but this is a big thing, you have to really believe and mature, in terms of knowledge and capital costs, because if you hesitate and fail, then it can be big loss, but whatever your plan I will support it

Yes, it is a big job and it also requires a team that is already professional in this field, because many people who make shitcoin in the crypto space then disappear when they have suffered huge losses, so this is not only about support, but also includes about the extent to which he is proficient in this field.

You are approaching this the wrong way - putting the cart before the horse. There are already thousands of altcoins in existence and very few of them have been successful. You really need to figure out what new innovation and features you will be offering, to make your coin unique in the marketplace, otherwise it is simply a vanity project. Do not take this the wrong way but it feels like you are quite immature and may struggle to keep a project together, the really successful cryptocurrencies these days have entire developer teams that have worked together for many years. If you genuinely want to learn, look around here for lesser known alt-coins that need assistance in scaling up, so you can build your experience on someone elses project (although you might only be a volunteer at the start).

How to Build your own Altcoin (https://blog.trezor.io/how-to-build-your-own-altcoin-e9451ae8f562)

Anyone can create a coin for different reasons, but if there will be demand for it, and consequently a price, then it's another story. What gives value to an altcoin are the features and advantages it offers to the adopters. Altcoins which are plain copies of another coins (most of them) are priceless, obviously.

If you want to have some fun creating your own altcoin go ahead, but if you want to create a currency which will get value along the time you need to study more deeply the subject, as I think you are not ready yet, otherwise you wouldn't be here asking a basic question.

why do you want to make your own token yourself? what do you want mate? I hope you don't become a scammer !,
a good crypto currency is one that has good fundamentals too, if tokens are made just for fun then I hope you don't make them,
it's a shame that many people can make their own tokens easily

Question is can someone make one coin all by himself? You need lots of working on learning code languages and programs and one who is not a computer professional might not have the time and the expertise to pull that one off. Also, for me I always think of these tokens as something like a crowdfunding campaign using their created coins and tokens. Many tokens have been created and many had pulled off some sort of success. But we need to at least know the very basics of making that coin and make it easy.

Its not easy to produce your own coin.

First, you need a huge money. An investors who will gonna fund your project to create such coin to be possible.

Second, what product will you integrate in your project? If not product, what great use will it contribute to the crypto market?

Third, sincerity and legibility is important factors to gain trust from the investors.

There are many things you need to consider before you finally decide to create your own coin.

Don't be too fast to make a coin that you like. Maybe you are very interested in owning your own coins and seeing a nice chart of the coins you have. it's not easy friends, you should make a design that helps other people know the benefits you make. You should make something that is useful to many people and have a white paper to arrange everything step by step you want. If you don't work hard all of this will be impossible.

I haven't looked out specific frameworks that you might need to use with Python just yet, but it is possible with Python and I could recommend sticking with it since it is more readable in case of debugging.
I looked this up in FreeCodeCamp - https://www.freecodecamp.org/news/create-cryptocurrency-using-python/

You might need people to promote your created coin though.

OP I would advise you to create something fresh something new something that is not very very common in crypto space because we have thousands of new altcoins today and majority of them have the same exact use cases, the difference between them are not much so the only way to be two steps ahead of these altcoins is to create something new

I would really think about before going into such a big project. Creating your own coin is an expensive task if you want to do it right and want people to actually buy and sell your coin. The alt coin market is full of dead coins which nobody is trading in, wasting money just to make another dead coin is not a good idea. It might be better to get involved in an already successful coin. If you want to learn about new coins, I would recommend to look at past projects here on the forum and how they managed their new coin.

Aside from the programming tools, you need to learn the economics of your altcoin that is if you wanted your altcoin to be traded and used by people.  You should know your goal and needs to plan its growth and development.  But if you only wanted to create your own altcoin without releasing it to the public then you can visit the technical boards of this forum and gather information there.

shitcoin is currently popular with unclear projects and platforms. but they are very popular in several crypto communities with the help of social media. somehow shitcoin like that can be very in demand at this time. some are already looking for a scam and I think that will continue in some other projects.
currently project with real platforms and products that will get attention. not only can be traded in the market. because nowadays it is very easy to see new tokens listed on the DEX exchange.

Maybe he just wants to learn about how to make the token, not to build like other professional developers, because the purpose of creating a new token is to make a lot of profit by running a concept that can be useful for many people in the crypto space.

almost anyone can create their own token. and it should never be made to be abused.
we can see how token generation with ethereum and BSC networks is also very cheap. You can see on some social media today that many people post their own tokens with unclear names. such tokens would have no value if there was no clear product. hopefully, no one will be fooled if someone is deliberately looking to profit from it.

You'll need a lot of practice studying programming languages and applications, and someone who isn't a coding genius does not have the patience or experience to do so. Also, I still imagine these tokens as a crowdfunding effort using the coins and tokens they have developed. Many tokens have been made, and many have proven to be effective. However, we must at least be conscious.