Hi all, I would like to create a coin (no ... I won't do an ICO for it) just for fun while I am learning about cryptocurrency.

It seems there are two main approaches that I can go with:

• Tokens based on other Cryptocurrency, eg. Ethereum ERC20, Stellar's lumen
• Create my own blockchain based on other Cryptocurrency, eg. Cryptonote

Am I right that for the first option, I don't actually need to invest on the infrastructure (server) because I will use, for example, Ethereum blockchains. While the second option I have to invest and build my own servers to run the blockchain?

Also, is there any pro/cons between the two methods? Will the tokens based on other Cryptocurrency be considered "second class" compared to coin on its own blockchain?

I read that people usually use the token only for ICO while they are building their own blockchain. But that's not what I want to do here. If I create tokens, eg based on Stellar lumens, then it will stay that way.

Appreciate any thoughts and comments. Thanks.

Thank you for your response. So it's legit for the coin creator to get all the fund. I thought it would smell scam but then who else owns it.

Hi all, I have been following cryptocurrency only since last November. I think I understand the basic on how trading works.

I am interested to know about the high level process (especially in terms of supply and pricing) in creating a new token.

When someone created a new token (eg. Ethereum token) we specify the total supply of the tokens and the initial price. Then people who bought them (usually through an ICO) will send ETH to smart contract address and get some tokens. My questions:

• Who will own those fund (ETH) sent to smart contract address? The cryptocurrency creator?
• Am I right that the price won't change until all tokens bought because "there is no shortage of supply" until all tokens bought
• Can we release only a certain number of tokens every year, for example if the total supply is 5 million tokens and we release only 1 million token a year then the supply will last for at least 5 years. How's that affect the price?

Very newbie questions? Sorry ... just want to get my head around it. Thank you.