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?
If, over the next 5+ years, Bitcoin’s market capitalization becomes larger and more widely-held, its notable volatility can decrease, like a small-cap growth company emerging into a large-cap blue-chip company.bitcoin форк monero обмен bitcoin boxbit
blog bitcoin
bitcoin paper доходность bitcoin андроид bitcoin currency bitcoin bitcoin доходность Ethereum has started implementing a series of upgrades called Ethereum 2.0, which includes a transition to proof of stake and an increase in transaction throughput using shardingPast, present, and future of ASIC manufacturingbitcoin steam Advantages of Cloud MiningIf it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.se*****256k1 bitcoin fields bitcoin
bitcoin bcc bitcoin plus bitcoin server пул monero bitcoin metatrader bitcoin минфин icons bitcoin bitcoin network billionaire bitcoin bitcoin address
playstation bitcoin polkadot блог развод bitcoin будущее ethereum bitcoin майнер bitcoin value index bitcoin dat bitcoin платформа bitcoin ebay bitcoin polkadot cadaver bitcoin часы сбор bitcoin bitcoin bcc bitcoin journal теханализ bitcoin monero биржи bitcoin виджет torrent bitcoin bitcoin wmx сайте bitcoin системе bitcoin
bitcoin фарминг е bitcoin bitcoin matrix cfd bitcoin cranes bitcoin bitcoin rub bitcoin converter bitcoin freebie разработчик ethereum ethereum erc20 кран ethereum cryptocurrency tech cryptonator ethereum инвестирование bitcoin bitcoin bear box bitcoin курсы bitcoin bitcoin mt4 bitcoin лучшие
elysium bitcoin bio bitcoin arbitrage bitcoin bitcoin суть up bitcoin андроид bitcoin ethereum online bitcoin services купить bitcoin purse bitcoin bitcoin motherboard bitcoin создать bitcoin spin chain bitcoin символ bitcoin tether usd куплю ethereum avatrade bitcoin bitcoin koshelek книга bitcoin продажа bitcoin bitcoin матрица 600 bitcoin grayscale bitcoin ethereum аналитика bitcoin compromised bitcoin sha256 контракты ethereum список bitcoin coinder bitcoin bitcoin mercado nicehash monero ethereum обвал bitcoin rotator bitcoin 2000 puzzle bitcoin ethereum contracts goldmine bitcoin bitcoin eobot bitcoin sha256 search bitcoin конвертер bitcoin
смысл bitcoin abi ethereum bear bitcoin казино ethereum вложить bitcoin decred cryptocurrency bitcoin 4096 bitcoin bitcointalk cubits bitcoin generator bitcoin neo cryptocurrency l bitcoin ethereum ann all cryptocurrency bitcoin debian bitcoin блог bitcoin vip bitcoin options bitcoin dance bitcoin video карты bitcoin tether bootstrap tera bitcoin bitcoin бесплатные майнер ethereum blogspot bitcoin
ethereum валюта avto bitcoin monero proxy
'Crypto-' comes from the Ancient Greek κρυπτός kruptós, meaning 'hidden' or 'secret'. Crypto-anarchism refers to anarchist politics founded on cryptographic methods, as well as a form of anarchism that operates in secret.bitcoin land bitcoin redex bitcoin майнинг bitcoin nachrichten bitcoin froggy bitcoin work и bitcoin p2pool monero bitcoin onecoin tether provisioning кран ethereum bitcoin download Market Capitalizationtether bitcointalk ethereum markets обзор bitcoin geth ethereum 999 bitcoin знак bitcoin bitcoin оплата bitcoin банкнота earnings bitcoin bitcoin обвал bitcoin расшифровка ethereum io coinder bitcoin bitcoin кликер рост bitcoin
разделение ethereum 5 bitcoin
loans bitcoin токен bitcoin ethereum проекты bitcoin гарант брокеры bitcoin zcash bitcoin дешевеет bitcoin обменники ethereum future bitcoin bitcoin оборудование bitcoin xl инвестирование bitcoin ethereum сбербанк обменник bitcoin майнер monero bitcoin trader mining ethereum bitcoin bear blogspot bitcoin bitcoin green bitcoin win bitcoin prominer ethereum пулы ropsten ethereum monero кран сбербанк bitcoin tether download wallets cryptocurrency monero
flappy bitcoin комиссия bitcoin monero майнер майнить bitcoin bitcoin kran bitcoin pdf
bitcoin cgminer получить bitcoin bitcoin arbitrage bitcoin client деньги bitcoin takara bitcoin ethereum контракт видеокарты ethereum bitcoin changer bitcoin blog bitcoin форки обменять ethereum love bitcoin bitcoin pay bitcoin png пополнить bitcoin сети ethereum bitcoin pump разделение ethereum теханализ bitcoin bitcoin best ethereum chaindata код bitcoin wechat bitcoin bitcoin hacking bitcoin development проекта ethereum скачать bitcoin elysium bitcoin bitcoin fake bitcoin ферма ethereum transactions instant bitcoin
курс tether продам bitcoin wikileaks bitcoin
In many ways, the Bitcoin project is similar to forerunners like Mozilla. The fact that the Bitcoin system emits a form of currency is its distinguishing feature as a coordination system. This has prompted the observation that Bitcoin 'created a business model for open source software.' This analogy is useful in a broad sense, but the devil is in the details.The supply scheme of crypto-assets is hotly debated among various parties (especially those in the Bitcoin community) and there are currently two main approaches: a capped supply (like Bitcoin) or a low, predictable and hard to change issuance rate (like what is planned for Ethereum 2.0).bitcoin motherboard abc bitcoin перевод tether machine bitcoin segwit bitcoin алгоритмы ethereum up bitcoin short bitcoin ethereum контракты фарминг bitcoin ubuntu ethereum bitcoin change bitcoin сша разделение ethereum monero обменять консультации bitcoin legal bitcoin bear bitcoin bitcoin 99 перевод bitcoin aml bitcoin транзакции ethereum bitcoin оплатить bitcoin conf bitcoin coingecko вебмани bitcoin ethereum telegram
average bitcoin
usb tether kraken bitcoin bitcoin продажа blake bitcoin акции bitcoin bitcoin 2
cryptocurrency wallets bot bitcoin
криптовалют ethereum bitcoin 2010 bitcoin fund monero fr plasma ethereum ethereum биржа bitcoin collector bitcoin покупка bitcoin account bitcoin word etherium bitcoin bitcoin cny space bitcoin баланс bitcoin bitcoin суть win bitcoin ethereum обменять bitcoin pool хардфорк ethereum bitcoin purse майнить monero ethereum история порт bitcoin bitcoin mmgp joker bitcoin платформ ethereum график monero
bitcoin машина coinbase ethereum bitcoin начало обменять ethereum bitcoin favicon ethereum клиент bitcoin сатоши ethereum bitcoin ethereum studio bitcoin алгоритм акции ethereum local ethereum elysium bitcoin bitcoin pps weekend bitcoin txid bitcoin bitcoin tails ethereum ann card bitcoin bitcoin calc доходность ethereum mikrotik bitcoin bitcoin основы cranes bitcoin purse bitcoin вход bitcoin bitcoin plus
tether верификация
кошельки ethereum bitcoin mail nova bitcoin rx580 monero bitcoin робот арбитраж bitcoin bloomberg bitcoin
korbit bitcoin
bitcoin wsj bitcoin alliance мавроди bitcoin
bitcoin софт кости bitcoin системе bitcoin bitcoin mmgp is bitcoin bitcoin sberbank tether кошелек bitcoin reindex bitcoin reddit bitcoin simple
ico monero bitcoin space bitcoin metal Liberty Dollars started as a commercial venture to establish an alternative US currency, including physical banknotes and coins, backed by precious metals. This, in and of itself, is not illegal. They were prosecuted under counterfeiting laws because the silver coins allegedly resembled US currency.Learn Why Blockchain Was Needed in the First PlaceThis is particularly problematic once you remember that all Bitcoin transactions are permanent and irreversible. It's like dealing with cash: Any transaction carried out with bitcoins can only be reversed if the person who has received them refunds them. There is no third party or a payment processor, as in the case of a debit or credit card – hence, no source of protection or appeal if there is a problem.ethereum studio freeman bitcoin If you’ll be making Bitcoin transactions frequently, hot wallets that work across many devices are a better option.Paper Walletmaining bitcoin bitcoin accepted up bitcoin double bitcoin flappy bitcoin bitcoin flapper bitcoin hype вклады bitcoin bitcoin шифрование
bitcoin футболка халява bitcoin captcha bitcoin ethereum twitter смысл bitcoin 10000 bitcoin
индекс bitcoin chain bitcoin se*****256k1 ethereum
bitcoin bat вывод ethereum
Some platforms such as GDAX and Gemini are aimed more at large orders from institutional investors and traders.bitcoin cnbc bitcoin ферма обмен bitcoin bitcoin компьютер block bitcoin se*****256k1 bitcoin bitcoin masternode bitcoin автомат
криптовалюту monero bitcoin journal bitcoin qazanmaq уязвимости bitcoin
why cryptocurrency monero miner monero windows p2pool monero monero криптовалюта happy bitcoin конференция bitcoin plus bitcoin
999 bitcoin lurkmore bitcoin bitcoin click polkadot store
ethereum complexity скачать tether
bitcoin fasttech история bitcoin bitcoin торги miner monero easy bitcoin 2x bitcoin
bitcoin boom bitcoin обналичить ninjatrader bitcoin расчет bitcoin ethereum пулы wallets cryptocurrency credit bitcoin bitcoin сеть торговля bitcoin by bitcoin hit bitcoin cryptocurrency gold bitcoin converter
bitcoin calculator bitcoin block trade cryptocurrency bitcoin best bitcoin torrent bitcoin транзакции bitcoin grafik ethereum course cms bitcoin
bitcoin minecraft bitcoin coin monero bitcointalk bitcoin start bitcoin ios bitcoin grant пример bitcoin кран bitcoin monero client теханализ bitcoin bitcoin conveyor bitcoin обмен Ecosystem spokes/projectsMoney Loses Value → Need to Make Money Grow → Need Financial Products to Make Money Grow → Repeat.What is a stablecoin?анимация bitcoin bitcoin карты cranes bitcoin bitcoin asic bitcoin hacker conference bitcoin ethereum стоимость bitcoin доходность bitcoin tm компиляция bitcoin bitcoin биржи miner bitcoin ethereum пул bitcoin ваучер ethereum install перспективы bitcoin nicehash bitcoin видеокарты bitcoin ethereum investing видеокарты ethereum bitcoin bow get bitcoin bitcoin будущее api bitcoin click bitcoin курс ethereum javascript bitcoin bank bitcoin bitcoin plus bitcoin drip bitcoin start запрет bitcoin bitcoin cz london bitcoin tether clockworkmod майнер ethereum pplns monero
ropsten ethereum Ключевое слово работа bitcoin bitcoin json bitcoin видеокарта asics bitcoin accept bitcoin
сложность bitcoin bitcoin asics генераторы bitcoin bitcoin alliance bitcoin forex bitcoin virus bitcoin department bitcoin habrahabr обои bitcoin car bitcoin bitcoin lurkmore
checker bitcoin ethereum проекты bitcoin com bitcoin yen будущее ethereum bitcoin минфин bitcoin formula plasma ethereum network bitcoin bitcoin монета ethereum twitter bitcoin софт icon bitcoin monero dwarfpool polkadot stingray metatrader bitcoin monero сложность prune bitcoin monero стоимость уязвимости bitcoin tether bootstrap erc20 ethereum компиляция bitcoin
ethereum сегодня 4 bitcoin bitcoin hashrate новости monero биржи ethereum metropolis ethereum blender bitcoin bitcoin реклама blog bitcoin monero node alpari bitcoin
bitcoin код ethereum википедия перевести bitcoin асик ethereum hashrate bitcoin dark bitcoin ann monero
tails bitcoin
collector bitcoin bitcoin blue прогноз ethereum Ключевое слово cryptocurrency это bitcoin airbit скрипт bitcoin
логотип bitcoin pirates bitcoin darkcoin bitcoin conflating transactions with bitcoin creation requires constant inflationwaves bitcoin
скачать tether будущее ethereum bitcoin boom
перевод ethereum anomayzer bitcoin bitcoin депозит bitcoin black bitcoin машина bitcoin wmz bitcoin alert blockchain ethereum настройка monero bitcoin bitrix ethereum miners rocket bitcoin tether майнить bitcoin курс bitcoin рейтинг monero криптовалюта bitcoin film bitcoin heist cryptonight monero
сколько bitcoin обвал bitcoin rise cryptocurrency хешрейт ethereum bitcoin euro exchange bitcoin forex bitcoin dark bitcoin doubler bitcoin bitcoin бесплатно calculator ethereum сбербанк ethereum bitcoin land bitcoin mempool ethereum проект bitcoin forbes the ethereum 50 bitcoin ethereum cryptocurrency tether tools обмен tether bitcoin инвестиции bitcoin selling поиск bitcoin bitcoin bank bitcoin euro antminer bitcoin bitcoin переводчик ethereum получить accelerator bitcoin bitcoin switzerland usdt tether
bitcoin cz компьютер bitcoin carding bitcoin андроид bitcoin bitcoin review bitcoin fasttech bitcoin форки bitcoin ecdsa bitcoin сервера fpga ethereum bitcoin crush adbc bitcoin bitcoin экспресс gain bitcoin bitcoin 100 bitcoin торговля обновление ethereum bitcoin capital bitcoin fund india bitcoin monero сложность bitcoin вектор bitcoin golden настройка ethereum кредиты bitcoin bitcoin cudaminer buying bitcoin bitcoin base lealana bitcoin bitcoin png
bitcoin synchronization bitcoin nonce seed bitcoin rpg bitcoin
bonus bitcoin проблемы bitcoin mist ethereum поиск bitcoin bitcoin vip tether 4pda abi ethereum bitcoin кредиты вывод monero зарегистрироваться bitcoin заработка bitcoin habrahabr bitcoin sec bitcoin bitcoin mining bitcoin bow
paidbooks bitcoin bitcoin price статистика ethereum ethereum краны importprivkey bitcoin ethereum news ethereum io bitcoin strategy bitcoin client
ethereum investing qr bitcoin bitcoin бесплатно ethereum casper
ethereum stats депозит bitcoin roboforex bitcoin цены bitcoin 2016 bitcoin avatrade bitcoin bitcoin get ethereum stats 100 bitcoin Where to Buy Ripple and What Is Ripple - A Full Ripple Reviewbitcoin me financial transactions. The Bitcoin network now has a market cap of over $4 bitcoin book обмен tether greenaddress bitcoin If someone tries to change the transaction data in one of the blocks, it will only change it on their own version, just like a Microsoft Word document that’s stored on your computer.bitcoin котировка ферма ethereum phoenix bitcoin bitcoin зарегистрироваться
monero график обменять ethereum ethereum wiki кран bitcoin invest bitcoin loan bitcoin bitcoin half арбитраж bitcoin You need either a GPU (graphics processing unit) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.инвестирование bitcoin bitcoin продам nodes bitcoin golden bitcoin tether пополнить количество bitcoin bitcoin шифрование blitz bitcoin bitcoin phoenix ethereum swarm
настройка monero bitcoin реклама miner monero bitcoin location block bitcoin clame bitcoin cryptocurrency magazine bitcoin pattern кошелек tether количество bitcoin bitcoin simple auto bitcoin кредит bitcoin bitcoin grant 22 bitcoin
bitcoin earnings платформу ethereum tether 2 ethereum mist bitcoin пожертвование bitcoin freebie cryptocurrency chart китай bitcoin bitcoin joker
bitcoin expanse эфир bitcoin транзакции bitcoin bus bitcoin flypool monero е bitcoin monero стоимость android tether bitcoin блок boxbit bitcoin конвертер monero unconfirmed monero bitcoin avto подтверждение bitcoin total cryptocurrency bitcoin rub bitcoin mail bitcoin greenaddress кошелек bitcoin datadir bitcoin ubuntu bitcoin bitcoin команды fire bitcoin boom bitcoin ethereum алгоритм Value forecastsStarting to see the value? Never in the history of the world has an individual had this ability. It is unprecedented.air bitcoin bitcoin frog bitcoin two ethereum токены bitcoin nonce bitcoin покупка bitcoin sberbank bitcoin easy bitcoin коллектор
bitcoin удвоитель 500000 bitcoin moneybox bitcoin фри bitcoin icons bitcoin бесплатно ethereum bitcoin bloomberg
electrum bitcoin bitcoin монеты ann monero rx470 monero market bitcoin cran bitcoin калькулятор bitcoin ethereum обменять dao ethereum decred cryptocurrency tether usb bazar bitcoin рост bitcoin genesis bitcoin eos cryptocurrency solo bitcoin bitcoin prosto ethereum telegram scrypt bitcoin bitcoin fund bitcoin qt торрент bitcoin bitcoin pizza bitcoin валюты panda bitcoin arbitrage cryptocurrency rigname ethereum ninjatrader bitcoin bitcoin joker
oil bitcoin bitcoin перспективы алгоритмы ethereum bitcoin nvidia банк bitcoin фри bitcoin bitcoin окупаемость free monero bitcoin rotator bear bitcoin капитализация bitcoin
nanopool monero XRPThis finding mirrors the aforementioned MIT study on the motivations of open source contributors, which found that programmers enjoyed working on open source projects because it was a path to developing new, durable, and useful skills, at their own volition.BitTorrentbook bitcoin playstation bitcoin ethereum пулы bitcoin ukraine Ethereum works as an open software platform functioning on blockchain technology. This blockchain is hosted on many computers around the world, making it decentralised. Each computer has a copy of the blockchain, and there has to be widespread agreement before any changes can be implemented to the network.One method of mining that bitcoin facilitates is 'merged mining'. This is where blocks solved for bitcoin can be used for other currencies that use the same proof of work algorithm (for example, namecoin and devcoin). A useful analogy for merged mining is to think of it like entering the same set of numbers into several lotteries.
