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Nebell (OP)
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January 22, 2018, 12:53:53 AM |
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I've read about people creating altcoin in 2 hours and selling it to someone for 0.1BTC.
So I guess it's not that hard to create a shitcoin.
But what about good coins? What do you need to know to create a coin? I'm not a programmer so I have no clue, but my guess is you need to be a programmer of some kind?
I have a great idea for a coin, but I have no idea how to execute it.
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mrtryonebiggums
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Activity: 322
Merit: 111
Revolutionized Rotating Savings & Borrowings
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January 22, 2018, 01:30:54 AM |
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Well for the most part yeah you need to be a dev or programmer to create a coin but as the time passes it gets easier and easier to create tokens and coins. Bancor (BNT) is finishing setting up their product so that end users can make coins for themselves https://twitter.com/Bancor/status/954781664005279745. At the same time you have another token that came out called Etherparty (FUEL) which is going to allow you to easily create coins on the Ethereum network. Solutions are coming for those who have good ideas but can't create coins  . |
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dalu1
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Performing it is a better way of learning things
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January 22, 2018, 01:38:14 AM |
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creating a coin is easy, listing it on an exchange is expensive. Fortunately, there are some exchanges that have very low listing fee. For example, https://masternodeXchange.com only charge $500.00 for list a coin. It is an ideal place for low cost alter coins. |
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Queen12
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Open and Transparent Science Powered By Blockchain
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January 22, 2018, 05:01:58 AM |
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If you just want to create a shit token. Based on erc20 tokens, it only takes five minutes.
So, more and more ICO teams are trying to defraud tens of millions of funds with a white paper, and ICO has a huge bubble, which makes me worry about the future of cryptocurrency market.
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allanr
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January 22, 2018, 05:33:08 AM |
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Token or coin ? creating token maybe easier, i mean basic token like erc20 cause its bassicaly just copy pasting code. Creating coin with full node maybe little bit complicate.
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kaloloy
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January 22, 2018, 05:36:10 AM |
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It's not complicated because everyone can have their own cryptocurrency using Ethereum Geth platform and smart contract, other blockchain are also offering smart contacts like waves, NEO, Lux etc.
Because Bitcoin's core is free to download, edit and redistribute that's why there's a lot of Altcoins today and some of them are scams and bogus coins.
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kaloloy
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January 22, 2018, 05:36:52 AM |
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The only thing that complicated by the coin company is their project because Bitcoin era is finished and today is not only offering coins to the public but also making a good project that could offer advantages into the community. Developers are not into the blockchain core but they're developing Applications like wallets and other coin services like online payments and alike.
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tsaroz
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January 22, 2018, 05:46:33 AM |
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Creating a coin or a token is a technical issue.
It's operation and usability defines it's future.
The crypto world is getting more and more competitive and diverse and it's getting harder for a small team or community to operate a coin.
One of the reason for it is cryptos are not being received as currencies but as assets.
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commanderbitcoin
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January 22, 2018, 07:01:26 AM |
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I've read about people creating altcoin in 2 hours and selling it to someone for 0.1BTC.
So I guess it's not that hard to create a shitcoin.
But what about good coins? What do you need to know to create a coin? I'm not a programmer so I have no clue, but my guess is you need to be a programmer of some kind?
I have a great idea for a coin, but I have no idea how to execute it.
Creating it is easy as breeze but it is not easy to promote it even if it is a shitcoin or a legit coin. Just like a legit coin they have to invest money to list it on the exchange, it also needs exposure to the crypto world so it means you need a campaign to initiate a hype. |
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befriendmywater
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January 22, 2018, 07:20:59 AM |
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Creating an altcoin is really easy if you have some money to work with. You can hire people to do everything except owning it. It could be considered as an investment.
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randee888
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January 22, 2018, 07:31:06 AM |
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If this coin you want to create is just simple coin, its quite easy mate. The coin only have like basic cryptocurrency like another. just can send and receive also mineable. But if you want to create more complicate coin such as can be stake or else i guess it will be more difficult. Yet you cna create erc20 token in ethereum smart contract in 15 min. Its all on you wich one you chose.
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Pierre 2
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January 22, 2018, 07:32:42 AM |
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As far as I know creating erc20 tokens are bit hard but not so much if you are only planning to release currency. Waves tokens are even easier. But its hard to write new blockchain.
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alex_kir
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January 22, 2018, 07:40:28 AM |
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In fact, there is nothing complicated in the creation of the smart contracts themselves. The most important thing is the idea and implementation of this idea, and of course the product itself. Now there are a lot of different kinds of guides on how to create this very smart contract
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AltcoinAuthority
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CryptoTalk.Org - Get Paid for every Post!
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January 22, 2018, 06:32:21 PM |
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It may be easy to make a coin but it costs a lot of money to promote it. And if no one invests in your currency, it will slowly disappear from the market. So technically you need money to make money.
It's not about making the money. It's about building something that people would want to use compared to another system that people are already using. If you can't build the new technology for systems then don't try to. |
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locolive
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January 22, 2018, 06:35:22 PM |
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For a good coin you will need a lot of marketing and pay to a big exchange list your coin. Check this website https://cryptonotestarter.org |
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Nukleo
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January 22, 2018, 06:37:29 PM |
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At the heart of each crypto currency is the base code. So, you need to take care of it first. You do not have to create it from scratch yourself. On specialized resources, you can find ready-made codes that are already taken from the functioning digital currencies.
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bountyjunkie
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WEICROWD.COM - ICO Tech, Funding & Exchange
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January 22, 2018, 06:39:42 PM |
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Can be done under 60 minutes and some gas but that's not the point. Why are you creating the token for? that's important.
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I_Like_Dogs
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January 22, 2018, 06:40:38 PM |
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Do not do it, and if you are going to develop one in order to create an ICO, you would really deserve to go Jail because doing this kind of trash. You need a lot of money, and coding is not the difficult part of it. I've read about people creating altcoin in 2 hours and selling it to someone for 0.1BTC.
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BCTBF
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January 22, 2018, 06:44:44 PM |
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I've read about people creating altcoin in 2 hours and selling it to someone for 0.1BTC.
So I guess it's not that hard to create a shitcoin.
But what about good coins? What do you need to know to create a coin? I'm not a programmer so I have no clue, but my guess is you need to be a programmer of some kind?
I have a great idea for a coin, but I have no idea how to execute it.
I also do not know about it, but I can only think if someone who makes a coin, is definitely an expert in the field of programming which can then be developed for blockchain. I've also seen a video about it, and according to my conclusion is making smartcontract is the first step to make a new coin. |
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setifien19
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January 22, 2018, 06:50:29 PM |
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Well, you said you have a great idea, then I suggest that you learn programming & simultaneously keep improving/modifying the idea , coz I think when it comes to such projects, it's better to work on with ur own resources ( financially & technically ) .
But you can also hire some devs ( trusted ones especially ) but the inconvenience resides in the misunderstanding that can occurs when it comes to explain the idea's goal .
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