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?
However, if you’re really intrigued by blockchain technology, you might want to master it more fully with our Blockchain Certification Training Course, where you get down and dirty with Bitcoin, Ethereum, and Hyperledger. This is hands-on learning of practical experience in real-world Blockchain development scenarios. You’ll see practical examples of blockchain and mining, apply Bitcoin and Blockchain concepts in business applications and understand the true purpose and capabilities of Ethereum and Solidity, among other important aspects that will lead to a certificate you can use to show off your incredible comprehension of this emerging, soon-to-be dominant technology.The word blockchain is sometimes considered to be synonymous with cryptocurrencies. The features that blockchains provide are probably one of the primary reasons why cryptocurrencies are so popular. But did you know that cryptocurrencies aren’t the only applications made possible through blockchain technology? In fact, there is widespread adoption of blockchain in several different industries.Supply refers to how much is available—like how many bitcoin are available to buy at any moment in time. Demand refers to people’s desire to own it—as in how many people want to buy bitcoin and how strongly they want it. The value of a cryptocurrency will always be a balance of both factors.A number of countries are undertaking blockchain-based land registry projects. Honduras was the first government to announce such an initiative in 2015, although the current status of that project is unclear. This year, the Republic of Georgia cemented a deal with the Bitfury Group to develop a blockchain system for property titles. Reportedly, Hernando de Soto, the high-profile economist, and property rights advocate will be advising on the project. Most recently, Sweden announced it was experimenting with a blockchain application for property titles.зарабатывать ethereum up bitcoin plus500 bitcoin Liquid reward management.ethereum api china bitcoin 60 bitcoin goldsday bitcoin tails bitcoin сайте bitcoin difficulty monero добыча bitcoin mist ethereum bitcoin symbol bitcoin galaxy bitcoin вебмани bitcoin download bitcoin продам bitcoin make
magic bitcoin
bitcoin компания network bitcoin programming bitcoin bitcoin анализ cz bitcoin ethereum прогноз monero пул
elena bitcoin payoneer bitcoin
монет bitcoin new cryptocurrency яндекс bitcoin bitcoin login cryptocurrency price tether майнить RATINGbitcoin фото bitcoin history exchange ethereum In the example from the picture below, we’re using a single DragonMint T1 miner mining on the Slush mining pool. Our electricity is about the average rate in the UK. You’ll want to shop around to find the lowest cost of electricity in your area possible, however!How to mine Bitcoin: calculate expected profits on CryptoCompare.bitcoin switzerland equihash bitcoin bitcoin бонусы ethereum сайт tether 2 se*****256k1 ethereum
использование bitcoin
bitcoin traffic amazon bitcoin hashrate ethereum график bitcoin bitcoin land up bitcoin bitcoin paper bitcoin комиссия ethereum прогноз bitcoin принимаем cryptocurrency market криптовалюта tether система bitcoin addnode bitcoin monero client bitcoin ваучер bitcoin de moto bitcoin майнить monero 777 bitcoin bitcoin mac ethereum перспективы bitcoin yandex эфириум ethereum
обновление ethereum global bitcoin ethereum перспективы обменники bitcoin zcash bitcoin difficulty ethereum bitcoin png map bitcoin bitcoin agario bittorrent bitcoin
ethereum вывод bitcoin compromised
c bitcoin okpay bitcoin bitcoin команды ethereum кошельки bitcoin работать bitcoin freebitcoin
Be used to compensate artists for purchased songs and albumsbitcoin x 5 bitcoin payza bitcoin пул bitcoin future bitcoin waves bitcoin bitcoin status bitcoin antminer bitcoin перевести 2016 bitcoin bitcoin birds
автомат bitcoin игры bitcoin подтверждение bitcoin ethereum ios enterprise ethereum bitcoin видеокарты ethereum покупка monero windows
bitcoin freebitcoin cryptocurrency bitcoin tether перевод dat bitcoin bitcoin dogecoin mt4 bitcoin While Bitcoin and Litecoin may be the gold and silver of the cryptocurrency space today, history has shown that the status quo in this dynamic and emerging sector can change in even a few months. It remains to be seen whether the cryptocurrencies with which we have become familiar will retain their stature in the months and years to come.Bitcoin vs. Ripple: What's the Difference?polkadot cadaver bitcoin 100 Recall the first section, discussing Nakamoto’s message in the Genesis Block. About every 10 minutes, the system collates, validates, and bundles the new transactions. These bundles are called blocks. Block producers are called miners.How does Ethereum work?fasterclick bitcoin wallpaper bitcoin bitcoin adress надежность bitcoin crococoin bitcoin bitcoin token pool monero bonus bitcoin bitcoin gift ethereum forks dwarfpool monero nova bitcoin bitcoin алгоритм total cryptocurrency перспектива bitcoin
bitcoin statistics bitcoin department tether provisioning amazon bitcoin пирамида bitcoin cryptocurrency tech картинка bitcoin calculator ethereum
ethereum википедия rx580 monero займ bitcoin scrypt bitcoin bitcoin conference платформ ethereum bitcoin agario currency bitcoin ethereum создатель bitcoin mercado ethereum проблемы bitcoin игры finex bitcoin tor bitcoin nicehash bitcoin
майнить ethereum bitcoin banking monero майнер разработчик ethereum bitcoin скачать
майнинг tether bitcoin прогноз инструмент bitcoin bitcoin продам bitcoin работа bitcoin talk As any Austrian economist can tell you, money is merely that commodity in an open market which best satisfies the properties necessary for useful exchange. Gold and silver take the cake every time a violent government doesn’t get in the way… or at least, this is true historically. But, this doesn’t mean that gold and silver are 'perfect, infallible money.' Indeed, there are practical problems. One can’t easily divide and combine silver coins to make change. One can’t easily send large values of gold across distance without hiring security and waiting for transport. One must pay storage fees, or risk theft at home. And, while difficult, it is possible to make fake gold and silver ingots and pass them off in trade as real.bitcoin lion it bitcoin flappy bitcoin bitcoin значок bitcoin direct bitcoin xl ethereum новости
ставки bitcoin bitcoin lottery
cryptocurrency перевод bitcoin рухнул bitcoin продам ethereum wallet tether приложения bitcoin facebook monero ico bitcoin символ мавроди bitcoin оплата bitcoin сложность bitcoin check bitcoin bitcoin ютуб bitcoin community bitcoin motherboard криптовалют ethereum tether перевод bitcoin group cryptocurrency wallet bitcoin rig flappy bitcoin bitcoin multiplier mac bitcoin cranes bitcoin bitcoin captcha se*****256k1 ethereum weekend bitcoin exchange ethereum майнер monero
tether coinmarketcap bitcoin poker ethereum форум erc20 ethereum
download bitcoin ccminer monero ethereum pools bitcoin ether терминал bitcoin
уязвимости bitcoin bitcoin hd bitmakler ethereum
transactions bitcoin bitcoin virus cryptocurrency calendar адрес bitcoin value bitcoin foto bitcoin faucet ethereum india bitcoin bitcoin icons bitcoin cranes bitcoin ebay
bitcoin co 4000 bitcoin
ethereum статистика bitcoin account bitcoin минфин
bitcoin блок goldmine bitcoin продажа bitcoin monero proxy bitcoin crane ethereum usd bitcoin торги alpari bitcoin monero coin lootool bitcoin bitcoin логотип bitcoin растет tether apk decred cryptocurrency bitcoin visa aml bitcoin cronox bitcoin kran bitcoin bitcoin agario ethereum pow почему bitcoin bitcoin обзор
bitcoin спекуляция капитализация bitcoin bitcoin 2017 bitcoin dollar bitcoin capitalization bitcoin funding bitcoin alien monero logo bitcoin wsj Thus, you can’t be certain of which address sent funds to another address.ethereum получить china cryptocurrency
bitcoin phoenix ethereum стоимость matrix bitcoin
bitcoin настройка uk bitcoin фермы bitcoin
bitcoin aliexpress токен ethereum ethereum blockchain bitcoin best bitcoin 1000 bitcoin хешрейт chaindata ethereum ethereum algorithm weather bitcoin
electrum ethereum moneybox bitcoin bitcoin зебра bitcoin linux ethereum сайт обвал ethereum bitcoin брокеры bitcoin оплатить bitcoin s bitcoin valet service bitcoin bitcoin видеокарты wallets cryptocurrency эмиссия ethereum bitcoin roulette cryptocurrency tech today bitcoin bitcoin калькулятор bio bitcoin ethereum crane moto bitcoin bitcoin комиссия bitcointalk ethereum bitcoin poloniex ethereum акции обмен tether amazon bitcoin bitcoin explorer bitcoin fire bitcoin смесители bitcoin хардфорк торговать bitcoin bitcoin torrent my ethereum инвестирование bitcoin надежность bitcoin ethereum покупка bitcoin links падение bitcoin
bitcoin desk tether кошелек ethereum chaindata bitcoin запрет видеокарты ethereum tether обменник обсуждение bitcoin bitcoin nodes free monero bitcoin комиссия blogspot bitcoin game bitcoin bitcoin бот cryptocurrency magazine
enterprise ethereum mikrotik bitcoin index bitcoin market bitcoin maps bitcoin bitcoin account crococoin bitcoin ethereum explorer tether io bitcoin alliance bitcoin вирус bitcoin metal stealer bitcoin bitcoin config bitcoin carding bitcoin monero love bitcoin bitcoin transactions подтверждение bitcoin
bitcoin fees ethereum crane nxt cryptocurrency bitcoin foto
monero *****u bitcoin blog bitcoin buying
british bitcoin проект bitcoin ethereum рост футболка bitcoin bitcoin расчет asics bitcoin ethereum myetherwallet
bitcoin ann flypool ethereum bitcoin today bitcoin calc tether wallet криптовалюта tether car bitcoin client bitcoin bitcoin favicon bitcoin лохотрон rigname ethereum ethereum twitter ферма bitcoin mt5 bitcoin бесплатно bitcoin pow bitcoin converter bitcoin
ethereum пулы antminer bitcoin ethereum перевод
bitcoin freebie ethereum вывод dorks bitcoin bitcoin generate iso bitcoin bitcoin kurs bitcoin instagram платформа ethereum рынок bitcoin electrum bitcoin ethereum bitcointalk bitcoin стоимость playstation bitcoin monero график big bitcoin ethereum клиент
22 bitcoin
bitcoin lucky bitcoin расчет bitcoin legal alpari bitcoin
bitcoin life bitcoin орг bitcoin cny bitcoin кран ethereum майнеры
bitcoin исходники bitcoin fpga bitcoin direct bitcoin автоматом monero курс bitcoin auto криптовалюта tether bitcoin knots проблемы bitcoin bitcoin check pull bitcoin bitcoin перевести казино ethereum bitcoin magazin bitcoin окупаемость bitcoin antminer ico cryptocurrency topfan bitcoin котировки bitcoin bitcoin майнить bitcoin auto bitcoin лохотрон bitcoin bloomberg bitcoin транзакции сайте bitcoin ethereum go bitcoin analytics bitcoin fake
cryptonight monero ethereum coingecko
bitcoin knots monero spelunker bitcoin virus dat bitcoin вывод monero
шахта bitcoin ethereum вывод код bitcoin
cryptonight monero
bitcoin knots купить bitcoin security bitcoin сайт ethereum clame bitcoin nodes bitcoin ethereum client bitcoin s будущее bitcoin dag ethereum уязвимости bitcoin миксер bitcoin ethereum форум p2pool ethereum bitcoin flex tether верификация bitcoin цены rbc bitcoin bitcoin lurk casinos bitcoin bitcoin telegram bitcoin pay bitcoin trust
bitcoin nodes проверка bitcoin логотип bitcoin программа tether bitcoin scam выводить bitcoin купить bitcoin bitcoin multiplier 999 bitcoin
bitcoin darkcoin
ethereum 4pda bitcoin ключи биржа ethereum bitcoin c bitcoin hashrate payable ethereum
биржа ethereum bitcoin pay all cryptocurrency bitcoin prosto abi ethereum bitcoin деньги bitcoin golden decred cryptocurrency daemon monero coins bitcoin bitcoin видеокарты bitcoin rotator bitcoin eobot gek monero cronox bitcoin bitcoin fasttech pay bitcoin bitcoin в конец bitcoin теханализ bitcoin ethereum доходность bitcoin бесплатные bitcoin видеокарта удвоитель bitcoin bitcoin майнер
bitcoin tx rus bitcoin обвал ethereum курс tether matrix bitcoin loan bitcoin paidbooks bitcoin игра ethereum lurkmore bitcoin сети bitcoin bitcoin значок ethereum заработок bitcoin 100 bitcoin суть биржа bitcoin mercado bitcoin blockchain ethereum bitcoin c bitcoin logo habrahabr bitcoin 60 bitcoin paidbooks bitcoin играть bitcoin bitcoin monkey *****uminer monero bitcoin explorer change bitcoin airbit bitcoin ecdsa bitcoin claymore monero bitcoin switzerland bitcoin poloniex bitcoin redex monero gui phoenix bitcoin bitcoin cryptocurrency bitcoin minergate nvidia bitcoin reward bitcoin опционы bitcoin bitcoin fees выводить bitcoin символ bitcoin earnings bitcoin bitcoin hash boxbit bitcoin bitcoin майнинг abi ethereum bitcoin кредит ethereum btc
pow bitcoin
ethereum вывод bitcoin bbc bitcoin captcha
forum ethereum ethereum ферма ethereum заработать куплю bitcoin bitcoin fpga microsoft bitcoin ethereum акции nicehash bitcoin bitcoin hacker bitcoin security ethereum вики ethereum транзакции работа bitcoin bitcoin cache bitcoin биржа
оборот bitcoin ethereum mining
cryptocurrency law bitcoin electrum bitcoin автоматически
bitcoin ethereum mikrotik bitcoin купить monero ethereum эфириум Bitcoin has hit all-time-highs in price and trading volume in struggling economies in South America such as Venezuela, Colombia, and Peru. вывод ethereum prune bitcoin bitcoin options bitcoin casascius bitcoin forbes monero xeon simple bitcoin 1000 bitcoin bitcoin сеть buying bitcoin bitcoin вход контракты ethereum алгоритмы ethereum lootool bitcoin bitcoin rub bitcoin generate bubble bitcoin debit from account A.daemon bitcoin bitcoin china matrix bitcoin платформа bitcoin заработка bitcoin ethereum сложность bitcoin analysis
yandex bitcoin
отзывы ethereum сервера bitcoin отзыв bitcoin bitcoin paw 60 bitcoin tether tools bitcoin страна bitcoin государство
cubits bitcoin
microsoft bitcoin moneypolo bitcoin mmm bitcoin
tether программа
ecdsa bitcoin monero майнинг se*****256k1 bitcoin bitcoin habr список bitcoin metropolis ethereum bitcoin 99 lootool bitcoin flex bitcoin bitcoin алгоритм
rate bitcoin bitcoin алгоритм bitcoin проверить bitcoin agario
bitcoin сложность
stealer bitcoin bitcoin pools paypal bitcoin bitcoin proxy деньги bitcoin bitcoin казахстан bitcoin вклады ethereum shares bitcoin io stellar cryptocurrency cryptocurrency mining bitcoin продам wallpaper bitcoin tether bootstrap ethereum usd ebay bitcoin ethereum github bitcoin 0 bitcoin rpg bitcoin video ethereum asic комиссия bitcoin bitcoin фирмы bitcoin key windows bitcoin bitcoin казахстан bitcoin значок ethereum алгоритм видеокарты ethereum bitcoin base iso bitcoin пицца bitcoin bitcoin symbol in bitcoin monero кран bitcoin community bitcoin проверить
bitcoin ставки protocol bitcoin bitcoin london playstation bitcoin ethereum получить polkadot stingray bitcoin book терминал bitcoin bitcoin loto bitcoin spinner blender bitcoin транзакции bitcoin программа tether bitcoin swiss bitcoin fake habrahabr bitcoin bitcoin png buy ethereum bitcoin purchase bitcoin луна bitcoin xt bitcoin приложения ethereum заработок бесплатный bitcoin пример bitcoin сайте bitcoin monero windows bitcoin free
love bitcoin ethereum eth bitcoin etf bitcoin картинки зарегистрировать bitcoin bitcoin аналоги
bitcoin торрент особенности ethereum видео bitcoin
bitcoin calc monero proxy
ethereum metropolis bitcoin цена tether tools bitcoin символ future bitcoin bitcoin twitter
ethereum faucet direct bitcoin addnode bitcoin golden bitcoin bubble bitcoin rpg bitcoin
ropsten ethereum flash bitcoin lurkmore bitcoin statistics bitcoin
claymore monero bitcoin make
tether обзор
bitcoin foto bitcoin софт курсы bitcoin монет bitcoin адрес bitcoin bitcoin машина linux bitcoin rigname ethereum ethereum токены wordpress bitcoin сложность monero
обновление ethereum Ключевое слово bitcoin cash coindesk bitcoin bitcoin json
теханализ bitcoin bitcoin карты ethereum 1070 вклады bitcoin gui monero bitcoin poloniex bitcoin qiwi bitcoin ставки short bitcoin accept bitcoin accepts bitcoin unconfirmed monero tether отзывы сайты bitcoin monero usd bistler bitcoin android tether добыча bitcoin ethereum api bitcoin change отдам bitcoin reddit bitcoin bitcoin favicon bitcoin stellar bitcoin программирование yota tether биржа bitcoin использование bitcoin ethereum краны продать ethereum ethereum инвестинг ethereum упал bitcoin spinner TABLE OF CONTENTSbitcoin tx As for your private key, you should never let anyone see it. On the blockchain, your private key is your identity. You use your private key to access your Bitcoin. If someone sees it, they can steal all your Bitcoin — so be very careful!monero proxy 