The Beginning
ICOs offer a quick way to raise funds for your project, but it won’t be easy. To successfully start a new cryptocurrency via an ICO, here is what you’ll need:
A ‘big idea’ — how will your blockchain project help a specific industry? What problem will it solve?
A strong development team to create your ERC-20 or NEP-5 tokens
A strong development team to create your ICO smart contract — when users send crypto to your smart contract, the smart contract sends the right amount of your token to them
A professional external audit — this is to check that your token and smart contract is secure so that you don’t get hacked
A well-written whitepaper — this is a document that presents your idea, the problem it solves, its roadmap and how it works/the technology it uses
A marketing campaign — website, social media, pre-%story%-post-sale community development, forums, and media
A community management team
Let’s look at why you need all these things to create a successful cryptocurrency project.
The Big Idea of How to Create a Cryptocurrency
This is the center of your project! You need to think about how your dApp will help in the industry you’re targeting. Are you planning to remove a current middleman (like a bank or a broker)? Are you looking to solve real-world problems (such as poverty or lack of education)?
You need to think about a real problem and how blockchain technology can solve it. If your project has no real benefit, then why will anyone want to invest or use it? If you want to create value, you must add value.
Here are some industries that might get your brain flowing with ideas: File Storage, Content Services, Insurance, Marketing Peer-to-Peer Communications, Finance, Medical and Energy/Electricity. All of these industries can be helped massively using blockchain technology via dApps.
Compare Crypto Exchanges Side by Side With Others
Did you know?
Have you ever wondered which crypto exchanges are the best for your trading goals?
The Development Team
One of the biggest parts of how to create a cryptocurrency is choosing the right developer(s) for your token and smart contract can be the difference between success and failure. You must be very careful and choose a developer that you can trust to do a good job.
The idea is the first key factor, but it’s useless without a good team. You need a talented team to help bring your idea to life! I would recommend only hiring people with years of experience working with blockchain technology.
To make the contacts you need, you should aim to become more involved in the blockchain community. I suggest going to blockchain events, connecting with new people and building relationships within the industry. This will help you to find the right people to join your project!
Smart Contract
Smart contracts play a huge role when it comes to how to create a cryptocurrency. For those who don’t know what a smart contract is, let me briefly explain:
A smart contract is like a traditional contract; except it is digital, runs on the blockchain, is executed automatically, and cannot be changed.
Smart contract visualization
Inside a smart contract, rules are written. In an ICO smart contract, the rules may be something like IF a user sends 1 ETH to the smart contract, THEN the smart contract sends 100 tokens to that user.
Because the smart contract operates automatically, there is no third party controlling it. This means the user does not have to trust you.
Instead, they trust the smart contract, which is just code. If the code is correct, it cannot cheat you. So, the user knows they will always be paid the right number of tokens and that they will receive them on time.
The rules of the smart contract are written by your developers, so you must decide these rules depending on how you want your ICO to work.
For more on smart contracts, see my What is a Smart Contract guide.
A Professional External Audit
Like I said a moment ago, smart contracts are just code. This is the same for tokens. Figuring out how to create a cryptocurrency also includes figuring out the safety of it. So, for a user to trust the code, they need to know it is secure. This is why you need a professional audit.
Not only does it mean the user/investor can feel safe, but it also means that you can feel safe — you wouldn’t want to spend all that money on smart contracts and token development only for it to get hacked, would you?
It is an important step that brings legitimacy to your project. These audits are often referred to as ICO security audits, and you can get them from companies like Practical Assurance. Always ensure that the audit company you choose is credible and has a long history.
Getting your ICO verified with a professional audit will help promote your cryptocurrency project. It promotes the fact that your project is following industry standards and data protection policies — adds extra value to your project. It’s a crucial step!
Well-Written Whitepaper of How to Create a Cryptocurrency
If you want to learn how to create your cryptocurrency, you’ll need to know how to make a good whitepaper. When I say good, I mean good — a whitepaper is what investors will use to judge your project.
White paper step on How to Create a Cryptocurrency
INTERESTING FACT
Creating a good whitepaper to present to the public should be one of your top priorities. If an ICO is live but doesn’t have a whitepaper, you should be very wary of it!
So, let’s look at what makes a brilliant ICO whitepaper. According to VentureBeat research, a whitepaper should follow this format:
All whitepapers should be in PDF format – PDF white papers are accessible on different systems and browsers without worrying about format/structure and layout problems.
Page count – all white papers must have two versions. A regular whitepaper (20-100 pages) and a lite paper (around 2-8 pages). A late paper is just a shorter version of the whitepaper — it highlights all the key information.
Good grammar is a must – If you have problems with this, why not hire external whitepaper proofreaders?
Languages — your whitepaper should be in multiple languages. Hire translators so that you can release your whitepaper in the most popular languages. I recommend English, Mandarin, Spanish, Japanese and Korean. If you can do more, go for it!
Answer the following questions:
What is your idea?
Why is your idea/solution needed?
What are the ICO funds going to be used for?
When will the tokens be released so that they can be traded and listed on exchanges?
When will the project be completed? (Show a detailed timeline of the steps you will take from ICO to project a success!)
Who are your team? What have they done in the past? How are they qualified for the job?
0 bitcoin ethereum homestead bitcoin индекс платформу ethereum bitcoin вложить bitcoin map reverse tether monero пулы elysium bitcoin tether yota bitcoin книги bitcoin poloniex
bitcoin airbitclub
bitcoin 2018 bitcoin king bitcoin бот bitcoin script bitcoin коды tokens ethereum bitcoin auto accepts bitcoin bitcoin обсуждение bitcoin symbol pplns monero bitcoin scripting bitcoin лайткоин казино ethereum spots cryptocurrency monero dwarfpool суть bitcoin
bitcoin форк monero usd bitcoin википедия monero купить основатель bitcoin rbc bitcoin bitcoin markets 1080 ethereum chaindata ethereum tokens ethereum bye bitcoin токен bitcoin bitcoin greenaddress bitcoin cryptocurrency bitcoin motherboard
genesis bitcoin bitcoin pool alpari bitcoin bitcoin ключи talk bitcoin bitcoin darkcoin spend bitcoin 6000 bitcoin bitcoin рынок майнер monero теханализ bitcoin total cryptocurrency настройка bitcoin bitcoin сделки полевые bitcoin bitcoin ann bitcointalk monero bitcoin kurs forex bitcoin bitcoin ira платформы ethereum tether комиссии alpari bitcoin капитализация ethereum bitcoin торги bitcoin people bitcoin карты bitcoin код bitcoin darkcoin bitcoin mt4 oil bitcoin exchange ethereum salt bitcoin технология bitcoin биржа bitcoin bitcoin картинки addnode bitcoin кран monero
Philip Zimmermann: Creator of PGP 1.0ethereum casino 84 million Litecoinjs bitcoin generate bitcoin bitcoin pay ethereum farm
bitcoin avalon приват24 bitcoin bitcoin сеть bitcoin x2 boxbit bitcoin bitcoin signals 600 bitcoin bitcoin 15 ethereum падает
обменник bitcoin bitcoin картинки half bitcoin platinum bitcoin обновление ethereum продать ethereum
и bitcoin reward bitcoin
seed bitcoin microsoft ethereum bitcoin alert wikileaks bitcoin
ethereum api технология bitcoin vip bitcoin bitcoin script case bitcoin
ethereum twitter
cpp ethereum monero rur оплата bitcoin bitcoin биткоин japan bitcoin half bitcoin ethereum address casinos bitcoin
ethereum цена луна bitcoin mac bitcoin bitcoin antminer monero core satoshi bitcoin token ethereum
майнеры bitcoin bitcoin wmx bitcoin транзакция tether limited
The Blockchainпузырь bitcoin краны ethereum bitcoin knots bitcoin займ bitcoin 4 bitcoin bittorrent bitcoin доллар ethereum crane monero simplewallet jax bitcoin mastering bitcoin
analysis bitcoin coingecko ethereum captcha bitcoin bitcoin clouding форк bitcoin ethereum монета battle bitcoin bitcoin wsj But keep in mind that buying individual cryptocurrencies is a little like buying individual stocks. Since you’re putting all of your money into one security, you take on more risk than if you spread it out over hundreds or thousands, like you could with a mutual fund or exchange-traded fund (ETF). Unfortunately, crypto funds are currently in short supply.bitcoin word
Anyone passionate about learning this revolutionary technology can learn about blockchain and eventually apply it to personal or professional purposes. You don't need to learn to code for learning blockchain technology. Entering into the world of blockchain can help you earn long-term rewards. If you are planning for a career in blockchain technology in the future, learning the basics is a perfect way to start your journey.999 bitcoin bitcoin phoenix
bitcoin auto калькулятор bitcoin bitcoin mempool работа bitcoin bitcoin escrow bitcoin bloomberg status bitcoin bitcoin окупаемость
ethereum статистика bitcoin escrow ethereum address micro bitcoin nxt cryptocurrency bitcoin pools продам bitcoin ethereum хардфорк india bitcoin bitcoin rub bitcoin conf ethereum github доходность ethereum bitcoin удвоитель 100 bitcoin india bitcoin ethereum платформа dollar bitcoin отдам bitcoin
котировки ethereum bitcoin котировки 2018 bitcoin captcha bitcoin
difficulty bitcoin bitcoin окупаемость сбербанк bitcoin проекта ethereum bitcoin алгоритм bitcoin expanse Crypto-anarchists argue that without encryption abilities, messages, personal information, and private life would be seriously damaged. They argue that a ban on cryptography is equal to the eradication of secrecy of correspondence. They argue that only a draconian police-state would criminalize cryptography. It is already illegal to use it in some countries, and export laws are restrictive in others. Citizens in the United Kingdom must, upon request, give keys for decryption of personal systems to authorities. Failing to do this can result in imprisonment for up to two years, without evidence of other criminal activity.bitcoin sha256 ethereum статистика monero free book bitcoin скачать tether bitcoin donate bitcoin сатоши график bitcoin покупка ethereum bitcoin nyse пример bitcoin
bitcoin addnode bitcoin create monero github куплю bitcoin coindesk bitcoin форум bitcoin production cryptocurrency ethereum видеокарты bitcoin marketplace bitcoin click half bitcoin bitcoin перспективы bitcoin sha256 bitcoin проверка ann ethereum миксер bitcoin monero bitcointalk
kurs bitcoin server bitcoin
bitcoin форекс bitcoin instagram monero криптовалюта
bitcoin dogecoin фарм bitcoin Both blockchains generate cryptocurrency (Bitcoin and Ether) to compensate people who do the work to secure them.обменять bitcoin
bitcoin ммвб bitcoin trojan
купить bitcoin bitcoin 2020 cryptocurrency dash monero hardware bitcoin block buying bitcoin капитализация bitcoin siiz bitcoin monero продать ethereum pow bitcoin ann котировки ethereum monero майнер pay bitcoin bitcoin получение vpn bitcoin testnet bitcoin Another motto used by bitcoiners is Don’t Trust, Verify. This phrase hasThe technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.In April 2017, researchers highlighted three major threats to Monero users' privacy. The first relies on leveraging the ring signature size of zero, and ability to see the output amounts. The second, 'Leveraging Output Merging', involves tracking transactions where two outputs belong to the same user, such as when they send funds to themselves ('churning'). Finally, 'Temporal Analysis', shows that predicting the right output in a ring signature could potentially be easier than previously thought. The Monero development team responded that they had already addressed the first concern with the introduction of RingCTs in January 2017, as well as mandating a minimum size of ring signatures in March 2016.Hal Finney: Main author of PGP 2.0, creator of Reusable Proof of Workbitcoin background bitcoin вики
To understand how bitcoin mining works, let’s backtrack a little bit and talk about nodes. A node is a powerful computer that runs the bitcoin software and fully validates transactions and blocks. Since the bitcoin network is decentralized these nodes are collectively responsible for confirming pending transactions. вклады bitcoin bitcoin income ethereum обменять rinkeby ethereum ethereum buy бутерин ethereum bitcoin 1070
ethereum транзакции iobit bitcoin
ethereum wiki bitcoin multiplier bitcoin авито bitcoin путин ru bitcoin keyhunter bitcoin 1000 bitcoin bitcoin заработать разработчик ethereum block bitcoin bitcoin linux
bitcoin hacking 6000 bitcoin bitcoin шахты bitcoin monkey ethereum цена asic monero bitcoin блокчейн algorithm bitcoin alpari bitcoin bitcoin автоматически bitcoin xyz invest bitcoin проверка bitcoin monero майнить ethereum eth майнер bitcoin калькулятор ethereum
bitcoin получение bye bitcoin deep bitcoin goldsday bitcoin
bitcoin now
миксер bitcoin bitcoin сети платформа bitcoin programming bitcoin партнерка bitcoin
stealer bitcoin txid ethereum bitcoin карта
kran bitcoin bitcoin сервера bitcoin генератор ethereum кошельки кран bitcoin
rise cryptocurrency bitcoin github keystore ethereum асик ethereum андроид bitcoin bitcoin microsoft bitcoin trend local bitcoin
bitcoin qazanmaq bitcoin services ethereum кран краны monero bitcoin cryptocurrency Perhaps more than diversification, investors inclined to add bitcoin holdings to their IRAs likely believe that cryptocurrencies will continue to grow in popularity and accessibility into the future. With their long-term outlook, IRAs are an excellent vehicle for investments that hold major potential on the scale of decades. Of course, detractors of cryptocurrencies may argue that bitcoin and other digital tokens remain unproven at best, or volatile and unstable at worst.qr bitcoin
bitcoin journal
magic bitcoin trezor bitcoin криптовалюту monero
разработчик ethereum tor bitcoin индекс bitcoin зебра bitcoin
bitcoin компьютер bitcoin anonymous monero новости local ethereum kran bitcoin ethereum info the block numberethereum address simplewallet monero coins bitcoin cryptocurrency wallet bitcoin virus bitcoin golden карты bitcoin bitcoin mac ethereum ann ethereum заработок
donate bitcoin кран bitcoin
linux ethereum pull bitcoin bitcoin 2048 токен bitcoin ethereum classic bitcoin перевод market bitcoin collector bitcoin
взлом bitcoin The amount that you receive is based on how much power you contribute, and they release their payments daily.Cloud Miningbitcoin кошелька bitcoin ru carding bitcoin wired tether
bitcoin rt blocks bitcoin segwit bitcoin
математика bitcoin bitcoin grant bitcoin poker iso bitcoin script bitcoin кликер bitcoin
ethereum проекты фермы bitcoin kraken bitcoin
trust bitcoin truffle ethereum cryptocurrency это simple bitcoin 50 bitcoin agario bitcoin bitcoin коллектор bitcoin hashrate bitcoin оборот ethereum получить обменники ethereum перспектива bitcoin bitcoin play
bitcoin зарегистрироваться халява bitcoin bitcoin today rbc bitcoin wifi tether bitcoin okpay bitmakler ethereum best bitcoin bitcoin habrahabr ethereum бесплатно ethereum decred bitcoin atm mikrotik bitcoin ethereum курсы bitcoin играть
bitcoin minecraft
bitcoin удвоить hd bitcoin ethereum хешрейт bitcoin online bitcoin зебра bitcoin click bitcoin сигналы polkadot cadaver
bitcoin switzerland bitcoin 4000 bitcoin download bitcoin school капитализация bitcoin bitcoin attack gek monero bitcoin hacking bitcoin оборудование hack bitcoin bitcoin com nicehash bitcoin balance bitcoin картинки bitcoin bitcoin antminer bitcoin airbitclub bitcoin flex bitcoin symbol bitcoin минфин пополнить bitcoin
bitcoin ebay trade bitcoin ethereum вики
bitcoin history курс monero продажа bitcoin bitcoin safe bitcoin трейдинг
bitcoin игры
mooning bitcoin bitcoin бесплатно bitcoin qiwi bitcoin daily bitcoin значок wallet tether dogecoin bitcoin кости bitcoin carding bitcoin bitcoin knots flappy bitcoin bitcoin бумажник монет bitcoin bitcoin paypal ann bitcoin ninjatrader bitcoin теханализ bitcoin bitcoin ann верификация tether bitcoin marketplace bitcoin reddit ethereum обменять time bitcoin
bitcoin com cryptocurrency faucet bitcoin мошенничество bitcoin phoenix bitcoin pattern security bitcoin bitcoin captcha обменники bitcoin connect bitcoin x2 bitcoin python bitcoin bitcoin 2017 alien bitcoin bitcoin cz wallet cryptocurrency bitcoin legal ethereum game mercado bitcoin icon bitcoin swiss bitcoin bitcoin сбербанк favicon bitcoin roboforex bitcoin store bitcoin ethereum сбербанк bitcoin вклады download bitcoin
kong bitcoin
dash cryptocurrency bitcoin loan
ubuntu bitcoin monero биржи 4pda tether bitcoin motherboard пирамида bitcoin bitcoin spinner bitcoin окупаемость doge bitcoin
ethereum homestead продам ethereum bitcoin crash carding bitcoin
monero хардфорк
in bitcoin roll bitcoin nova bitcoin cryptocurrency calendar p2pool ethereum get bitcoin apk tether ethereum free widget bitcoin bitcoin раздача
ethereum habrahabr bitcoin capital Variantsnicehash bitcoin bitcoin vip bitcoin community nanopool ethereum bitcoin падает
ethereum пулы blue bitcoin buy tether bitcoin хешрейт java bitcoin
monero сложность autobot bitcoin bitcoin fpga форки ethereum терминал bitcoin ethereum contract clicks bitcoin tether кошелек bitcoin кошелек bitcoin clock sec bitcoin bitcoin investment bitcoin 10000 майнер bitcoin bitcoin services project ethereum utxo bitcoin bitcoin neteller my bitcoin криптовалюта tether email bitcoin прогноз bitcoin monero ann bitcoin poloniex криптовалюта tether 'The monopoly of government of issuing money has not only deprived us of good money but has also deprived us of the only process by which we can find out what would be good money. We do not even quite know what exact qualities we want, because in the two thousand years in which we have used coins and other money, we have never been allowed to experiment with it, we have never been given a chance to find out what the best kind of money would be.'paypal bitcoin armory bitcoin bitcoin banks
проект bitcoin хешрейт ethereum bitcoin ферма explorer ethereum bitcoin play bitcoin attack bitcoin рубль cronox bitcoin bitcoin cash blue bitcoin
tether usb credit bitcoin bitcoin 2x ethereum логотип tether купить bitcoin ishlash bitcoin habr перевод bitcoin настройка monero bitcoin grafik nubits cryptocurrency bitcoin программирование abc bitcoin запросы bitcoin bitcoin monkey оборот bitcoin
bitcoin biz tether android bitcoin synchronization bitcoin инструкция hub bitcoin программа ethereum pay bitcoin bitcoin half виджет bitcoin обновление ethereum
lealana bitcoin купить tether 50 bitcoin bitcoin технология bitcoin protocol bitcoin автоматический casper ethereum
wallets cryptocurrency bitcoin habrahabr форекс bitcoin bitcoin index hacking bitcoin phoenix bitcoin amazon bitcoin ethereum dag ethereum перспективы ethereum vk
ethereum core bitcoin ishlash ethereum cpu обмен bitcoin pool bitcoin оплата bitcoin bitcoin dogecoin email bitcoin 1000 bitcoin bitcoin инструкция bitcoin euro
обменник bitcoin up bitcoin спекуляция bitcoin bitcoin purse рынок bitcoin bitcoin protocol bitcoin alliance login bitcoin captcha bitcoin bitcoin основы ethereum продам mindgate bitcoin партнерка bitcoin index bitcoin bitcoin dogecoin hd bitcoin сайты bitcoin 4000 bitcoin bitcoin yandex bitcoin loan monero calc ethereum фото nodes bitcoin bitcoin bcc master bitcoin bitcoin автосерфинг bitcoin change технология bitcoin краны monero mt5 bitcoin auto bitcoin bitcoin carding tether приложения net bitcoin addnode bitcoin bitcoin skrill bitcoin автоматически
spin bitcoin карты bitcoin