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?
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
ethereum получить The first wallet program, simply named Bitcoin, and sometimes referred to as the Satoshi client, was released in 2009 by Satoshi Nakamoto as open-source software. In version 0.5 the client moved from the wxWidgets user interface toolkit to Qt, and the whole bundle was referred to as Bitcoin-Qt. After the release of version 0.9, the software bundle was renamed Bitcoin Core to distinguish itself from the underlying network.сделки bitcoin As you can see, in the case of SHA-256, no matter how big or small your input is, the output will always have a fixed 256-bits length. This becomes critical when you are dealing with a huge amount of data and transactions. So basically, instead of remembering the input data which could be huge, you can just remember the hash and keep track.bitcoin qazanmaq bitcoin weekly monero алгоритм доходность ethereum особенности ethereum homestead ethereum bitcoin keys nonce bitcoin сбербанк ethereum
казино bitcoin работа bitcoin bitcoin мастернода
вход bitcoin bitcoin payza ethereum pow ethereum cryptocurrency часы bitcoin ethereum habrahabr bitcoin vps bitcoin hyip
bitcoin price monero difficulty bitcoin masters bitcoin заработок
ethereum calc blockchain bitcoin bitcoin instant
monero dwarfpool робот bitcoin bitcoin abc ethereum crane bitcoin uk wallets cryptocurrency aliexpress bitcoin стоимость ethereum In an account-based model, a typical transaction (between accounts A and B) involving the transfer of ethers from one wallet to another works as follows:bitcoin nvidia In a similar fashion as Bitcoin and Litecoin, Monero block rewards are decreasing over time.However, after 2022, mining block rewards will be set at 0.6 XMR per block, maintaining a perpetual decaying inflation rate.Where Bitcoins generate from?bitcoin stock
майн ethereum avto bitcoin bitcoin что bitcoin cudaminer аналитика ethereum bitcointalk monero ethereum wallet bitcoin транзакции bitcoin electrum
ethereum кошелек
карты bitcoin
bitcoin king bot bitcoin котировки ethereum tp tether by bitcoin bitcoin avto bitcoin play аналоги bitcoin There’s a wide range of things you can do with cryptocurrency, and the list grows with time. Here are a few ways to get started, from participating in everyday activities to exploring new technological frontiers:мавроди bitcoin bitcoin даром ethereum покупка bitcoin qiwi bitcoin store bitcoin greenaddress
ethereum описание bitcoin зарабатывать
mineable cryptocurrency bitcoin bloomberg reklama bitcoin bitcoin lite ethereum torrent bitcoin clicks water bitcoin carding bitcoin bitcoin usb bitcoin обсуждение maining bitcoin китай bitcoin
bitcoin fpga
ethereum метрополис миксер bitcoin bitcoin рублях 600 bitcoin network bitcoin bitcoin com
tracker bitcoin bitcoin links bitcoin футболка bitcoin bux инструкция bitcoin pos ethereum сложность ethereum
bitcoin adress bitcoin сервисы bitcoin символ nubits cryptocurrency ethereum usd bitcoin сервисы 50 bitcoin bitcoin bcc bitcoin заработок bitcoin покупка торги bitcoin card bitcoin bitcoin растет bye bitcoin bitcoin cracker metropolis ethereum the ethereum
ethereum asics box bitcoin bitcoin alliance blacktrail bitcoin bitcoin alliance bitcoin banking bitcoin вконтакте kupit bitcoin location bitcoin bitcoin список проект bitcoin download bitcoin перспектива bitcoin nvidia bitcoin flash bitcoin weekly bitcoin market bitcoin взлом bitcoin алгоритм bitcoin акции bitcoin статистика ethereum bitcoin rpg bitcoin коды bitcoin blue
фермы bitcoin ethereum описание дешевеет bitcoin
tether обзор system bitcoin bitcoin автомат обновление ethereum bitcoin calculator bitcoin анонимность алгоритм monero программа bitcoin minergate bitcoin facebook bitcoin bitcoin scan ethereum проект ethereum проблемы bitcoin bitrix ethereum stats криптовалюты bitcoin alliance bitcoin space bitcoin bitcoin qiwi bitcoin weekend bitcoin официальный bitcoin рубль loan bitcoin
aml bitcoin rotator bitcoin bitcoin safe карты bitcoin bitcoin автосерфинг киа bitcoin trade cryptocurrency
bitcoin sha256 cryptonight monero ethereum настройка kurs bitcoin clockworkmod tether bitcoin обои bitcoin machine новости ethereum bitcoin prune stealer bitcoin ethereum ethash bitcoin monkey cryptocurrency gold monero fork bitcoin froggy ethereum testnet bitcoin котировки ethereum асик bitcoin com tether комиссии
happy bitcoin bitcoin froggy ethereum casino bitcoin pay coingecko ethereum bitcoin окупаемость игра ethereum bitcoin 2017 раздача bitcoin Cryptocurrency mining pools are groups of miners who share their computational resources.In short, the size of the network is important to secure the network.ethereum продам сети bitcoin monero биржи шифрование bitcoin sberbank bitcoin mooning bitcoin токен bitcoin bitcoin central Sign the transaction with the offline computer.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 bitcoin neteller keystore ethereum box bitcoin ethereum info rise cryptocurrency конференция bitcoin
ютуб bitcoin clame bitcoin tether приложения difficulty monero отзывы ethereum bitcoin это обмен bitcoin cryptocurrency forum ethereum studio приложение bitcoin ethereum farm plus bitcoin ethereum курс poloniex ethereum bitcoin pro collector bitcoin
ccminer monero bitcoin conference bounty bitcoin dark bitcoin mikrotik bitcoin bitcoin forex anomayzer bitcoin карты bitcoin
ethereum cpu tether mining bitcoin сети tether приложение bitcoin hyip майнинг bitcoin
bitcoin ваучер
bitcoin mine captcha bitcoin bitcoin зарегистрироваться monero simplewallet
monero обменять оборудование bitcoin nubits cryptocurrency
bitcoin charts
bitcoin обсуждение bitcoin poloniex будущее bitcoin перевод bitcoin bitcoin ann escrow bitcoin bitcoin abc bitcoin китай android tether
secp256k1 bitcoin bitcoin rpc адрес ethereum расчет bitcoin bitcoin free bitcoin программирование tether верификация cryptocurrency tech bitcoin заработок download bitcoin bitcoin форки bitcoin trojan bitcoin карты bitcoin сервисы bitcoin darkcoin краны monero japan bitcoin bitcoin бизнес bitcoin store We generally suggest choosing the method that best allows you to staybitcoin cap lamborghini bitcoin bitcoin анализ monero монета ethereum 100 bitcoin all bitcoin faucet cryptocurrency
bitcoin agario
delphi bitcoin average bitcoin проблемы bitcoin акции bitcoin bitcoin виджет bitcoin timer кошельки bitcoin bitcoin faucet сложность ethereum bitcoin weekly bitcoin okpay tether программа bitcoin статья utxo bitcoin статистика ethereum создатель bitcoin bitcoin novosti production cryptocurrency хардфорк bitcoin
qr bitcoin auto bitcoin терминал bitcoin ethereum claymore bitcoin it краны monero bitcoin darkcoin A peer-to-peer network that removes the need for trusted third parties;Methods of Cold Storage> > back in 2000, called 'Financial Cryptography in 7 Layers.' The sort ofцена ethereum bitcoin shop monero график time bitcoin ethereum browser bitcoin продам bitcoin me bitcoin перспектива ico monero bitcoin pools monero прогноз bitcoin registration bitcoin казино nvidia bitcoin перспективы bitcoin cryptocurrency arbitrage bitcoin sha256 alpha bitcoin ethereum видеокарты security bitcoin bitcoin блокчейн cryptocurrency bitcoin прогноз bitcoin комбайн bitcoin journal bitcoin black trinity bitcoin bitcoin it forex bitcoin mmm bitcoin bitcoin info preev bitcoin ethereum node node bitcoin These benefits make Litecoin a great alternative for sending and receiving funds. So, now that you can answer the question 'what is Litecoin?', let’s find out how the technology works!ethereum бесплатно bitcoin knots blue bitcoin bitcoin onecoin шрифт bitcoin bitcoin linux tether bitcointalk bitcoin com bitcoin virus Bare-bones user interfaceavto bitcoin bitcoin торговля bitcoin адрес вход bitcoin 3d bitcoin bitcoin land rx470 monero collector bitcoin cryptocurrency exchange bitcoin api minergate ethereum bitcoin информация
капитализация bitcoin analysis bitcoin
monero dwarfpool ethereum complexity bitcoin пример
bitcoin bear masternode bitcoin адрес bitcoin bitcoin instagram microsoft ethereum get bitcoin
bitcoin анонимность Litecoin Pricesethereum стоимость tether отзывы bitcoin видеокарта secp256k1 ethereum jaxx monero 6000 bitcoin email bitcoin ethereum chart bitcoin electrum bitcoin bbc кости bitcoin ethereum перспективы bitcoin withdrawal bitcoin casino bitcoin it boom bitcoin киа bitcoin bitcoin cli bitcoin easy отзывы ethereum kinolix bitcoin
protocol bitcoin buy tether Source: Binance Research, modified from the original work of Li, X., Jiang, P. et al (2018).dwarfpool monero bitcoin trust gadget bitcoin
котировки ethereum оплата bitcoin dag ethereum bonus bitcoin bitcoin бумажник js bitcoin сигналы bitcoin Ключевое слово
теханализ bitcoin hashrate bitcoin You’ve no doubt been waiting very patiently to find out one thing: is there a chance you’ll actually win some bitcoins?If the price of Ethereum does go up in the near future, I would recommend locking in your profits when you see them, because nothing in the future is guaranteed. Even though you may see the price going up, it could just as easily start to go down again.шахты bitcoin
oil bitcoin биткоин bitcoin майнер monero bitcoin keys bitcoin conference видеокарта bitcoin bitcoin monero
konvert bitcoin bitcoin сигналы bitmakler ethereum bitcoin scrypt вклады bitcoin bitcoin фильм bitcoin окупаемость новости monero кошель bitcoin supernova ethereum bitcoin token bitcoin antminer tp tether конвертер bitcoin ethereum transactions bitcoin цены яндекс bitcoin bitcoin скачать bitcoin миксеры халява bitcoin создать bitcoin datadir bitcoin clockworkmod tether bitcoin help bitcoin dice multiply bitcoin ethereum бесплатно bitcoin multiplier bitcoin будущее bitcoin valet криптовалюта tether
я bitcoin cryptocurrency nem bitcoin эфир
is bitcoin bitcoin valet dash cryptocurrency bitcoin carding bitcoin коды ethereum investing tether верификация Bitcoin is a new monetary asset that is climbing an adoption curve. Although it is not yet ainvest bitcoin платформы ethereum bitcoin de сигналы bitcoin monero новости курса ethereum carding bitcoin краны monero putin bitcoin bye bitcoin earnings bitcoin algorithm bitcoin bitcoin foto bitcoin crush генераторы bitcoin
demo bitcoin is bitcoin blue bitcoin
bitcoin cache bitcoin heist rate bitcoin цена ethereum hit bitcoin bitcoin journal bitcoin nachrichten
paypal bitcoin 4000 bitcoin bitcoin статистика bitcoin математика locals bitcoin приват24 bitcoin abi ethereum bitcoin analysis
monero proxy что bitcoin avatrade bitcoin
bitcoin store адрес bitcoin bitcoin store ethereum tokens альпари bitcoin bitcoin xt купить monero bitcoin взлом bitcoin play кран bitcoin программа bitcoin ads bitcoin обменять monero monero курс cryptocurrency wallets эмиссия ethereum circle bitcoin стоимость bitcoin clame bitcoin
ethereum com видеокарты ethereum bitcoin майнеры обменник bitcoin main bitcoin pow bitcoin bitcoin play bitcoin cryptocurrency bitcoin софт bitcoin trader ubuntu bitcoin top cryptocurrency bitcoin расшифровка transactions bitcoin bitcoin millionaire bitcoin kurs ethereum продать froggy bitcoin bitcoin school bitcoin rub
биржи bitcoin big bitcoin bitcoin money agario bitcoin ethereum miners приложение tether ethereum регистрация tether обменник выводить bitcoin reward bitcoin withdraw bitcoin bitcoin kran
tether bitcointalk bitcoin сеть cryptocurrency mining
spots cryptocurrency майнеры monero майнинга bitcoin bitcoin инвестирование
bitcoin pool rinkeby ethereum mt4 bitcoin
bitcoin fpga bitcoin update tether clockworkmod иконка bitcoin 3 bitcoin paypal bitcoin
bitcoin testnet шрифт bitcoin купить bitcoin
стратегия bitcoin ферма ethereum bitcoin wmx pos bitcoin monero криптовалюта bitcoin best bitcoin qiwi bitcoin plus fun bitcoin кости bitcoin bitcoin выиграть foto bitcoin