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?
ethereum dao bitcoin биржа
dat bitcoin
bitcoin ставки ethereum faucet bitcoin приват24 расчет bitcoin сборщик bitcoin app bitcoin смесители bitcoin ethereum raiden bitcoin x2 bitcoin png bitcoin аналитика bitcoin biz bitcoin windows bitcoin visa bitcoin novosti 2016 bitcoin
bitcoin торги Cloud storagelootool bitcoin For broader coverage of this topic, see Cryptocurrency wallet.roulette bitcoin bitcoin register neo bitcoin
bitcoin status multiplier bitcoin
bitcoin cny разработчик bitcoin lavkalavka bitcoin 6000 bitcoin book bitcoin euro bitcoin cpa bitcoin bitcoin сервисы bitcoin client
ethereum investing fasterclick bitcoin верификация tether обмена bitcoin 1 ethereum black bitcoin ethereum доходность bitcoin bazar rus bitcoin
bitcoin elena bitcoin картинки wei ethereum locate bitcoin new bitcoin bitcoin protocol сигналы bitcoin source bitcoin ethereum claymore зарабатываем bitcoin bitcoin монета matrix bitcoin coinwarz bitcoin bitcoin spin fork bitcoin
bitcoin мониторинг bitcoin rotators bitcoin up ethereum nicehash tether обменник bazar bitcoin tether комиссии mmm bitcoin key bitcoin The critical fault of Proof-of-Stake systems is the source of pseudorandomness used to select block producers. While in Proof-of-Work, randomizing the winner of block rewards is accomplished through the expenditure of a large amount of computing power and finding the correct block hash with the right number of prepended zeros, things work differently in Proof-of-Stake. In stake-based consensus algorithms, randomizing the order of block producers is accomplished through a low-cost operation performed on prior block data. This self-referential process is easily compromised, should anyone figure out how to predict the next block producer; attempting such predictions has little or no cost.bitcoin converter bitcoin talk monero новости bitcoin sha256 bitcoin приложение перспективы ethereum tokens ethereum avatrade bitcoin fpga ethereum windows bitcoin транзакции bitcoin
bitcoin gift bitcoin auction blockchain bitcoin bitcoin s happy bitcoin
bitcoin paypal ethereum капитализация Circulating supply17,788,189bitcoin future получение bitcoin multiply bitcoin game bitcoin bitcoin china
bitcoin journal ethereum rub bitcoin cms bitcoin 1000 алгоритм bitcoin bitcoin count
кредиты bitcoin ютуб bitcoin bitcoin протокол agario bitcoin bitcoin cz ethereum ubuntu
bitcoin poker bot bitcoin приват24 bitcoin
bitcoin example bitcoin вложить total cryptocurrency виталий ethereum bitcoin reserve bitcoin news mempool bitcoin описание ethereum monero js
satoshi bitcoin генераторы bitcoin ethereum cpu
jpmorgan bitcoin bitcoin rpg local ethereum carding bitcoin tera bitcoin Wikipedia’s digital backbone is similar to the highly protected and centralized databases that governments, banks or insurance companies keep today. Control of centralized databases rests with their owners, including the management of updates and access as well as protecting against cyber-threats.команды bitcoin monero вывод фри bitcoin монет bitcoin bitcoin талк проблемы bitcoin bitcoin зарабатывать bitcoin network bitcoin mmgp bitcoin nachrichten ethereum майнить вики bitcoin bitcoin land homestead ethereum raiden ethereum abc bitcoin money bitcoin bitcoin forecast freeman bitcoin monero btc разработчик bitcoin ethereum core monero ico деньги bitcoin мастернода bitcoin bitcoin reddit ethereum курсы monero cryptonight деньги bitcoin cryptocurrency reddit bitcoin алгоритм bitcoin forex ethereum algorithm ethereum краны bitcoin mmm bitcoin лого bitcoin перевод average bitcoin bitcoin auto
field bitcoin новости bitcoin ethereum decred bitcoin doubler ethereum foundation tether bootstrap bitcoin investment форекс bitcoin pro bitcoin moneypolo bitcoin ethereum аналитика bitcoin оборот bcc bitcoin bitcoin wmx ethereum mine bitcoin теория ethereum капитализация bitcoin rigs bitcoin charts токен bitcoin bitcoin grafik mastering bitcoin создать bitcoin ethereum dark
эпоха ethereum создатель ethereum invest bitcoin poker bitcoin apple bitcoin indebted (even in ‘hot’ countries such as China), that situation can changereddit bitcoin It is those people, technology historians, and nostalgic old-timers who are the intended readers of this site.New bitcoins are created roughly every 10 minutes in batches of 25 coins, with each coin worth around $730 at current rates. Your computer—in collaboration with those of everyone else reading this post who clicked the button above—is racing thousands of others to unlock and claim the next batch.майнить monero Who can become a miner on the Ethereum network?Monero Mining: Full Guide on How to Mine Monerocarding bitcoin ethereum регистрация bitcoin oil кредит bitcoin
спекуляция bitcoin The cryptocurrency community refers to pre-mining, hidden launches, ICO or extreme rewards for the altcoin founders as a deceptive practice. It can also be used as an inherent part of a cryptocurrency's design. Pre-mining means currency is generated by the currency's founders prior to being released to the public.bitcoin location ставки bitcoin bitcoin super bitcoin официальный bear bitcoin widget bitcoin alien bitcoin bitcoin convert cryptocurrency forum bitcoin cryptocurrency bitcoin bloomberg cryptocurrency tech bitcoin подтверждение bitcoin lion
bitcoin основы терминалы bitcoin
bitcoin chains prune bitcoin
polkadot блог bitcoin markets bitcoin song ethereum cryptocurrency видеокарта bitcoin algorithm ethereum bitcoin venezuela monero пул bitcoin trader bitcoin капитализация monero pools кран bitcoin скачать bitcoin bitcoin комиссия hardware bitcoin amazon bitcoin алгоритм monero платформу ethereum bitcoin blog bitcoin вирус client ethereum dollar bitcoin bitcoin картинка bitcoin com cran bitcoin bitcoin картинка bitcoin 99 bitcoin растет bitcoin инструкция bitcoin ann win bitcoin заработка bitcoin алгоритм ethereum electrum ethereum ethereum org monero криптовалюта tether gps group bitcoin rise cryptocurrency algorithm bitcoin ethereum кошельки bitcoin обналичить bitcoin roll A related worry is double-spending. If a bad actor could spend some bitcoin, then spend it again, confidence in the currency's value would quickly evaporate. To achieve a double-spend the bad actor would need to make up 51% of the mining power of Bitcoin. The larger the Bitcoin network grows the less realistic this becomes as the computing power needed would be astronomical and extremely expensive.Where to see and explorebitcoin motherboard bitcoin blue bitcoin даром bitcoin bazar
ethereum dag 6. On your computer or mobile device, use an IP scanning tool to show the devices connected to your internet connection. You should see your Antminer listed. You can then type the IP address of the Antminer into your browser window on your chosen device.форк ethereum
bitcoin timer captcha bitcoin
ethereum пулы
coinder bitcoin ethereum конвертер bitcoin golden mempool bitcoin вывод ethereum spots cryptocurrency ethereum eth bitcoin миксер 600 bitcoin 1 monero strategy bitcoin maps bitcoin bitcoin com avatrade bitcoin ethereum web3 monero logo bitcoin scrypt ethereum ios bitcoin mail bitcoin demo
bitcoin vector bitcoin skrill bitcoin airbit сколько bitcoin bitcoin analysis bitcoin tx bitcoin алгоритм kurs bitcoin bitcoin отслеживание bitcoin generator bitcoin balance hack bitcoin bitcoin обменники bitcoin перспективы обменник monero bitcoin exchanges withdraw bitcoin trinity bitcoin ethereum алгоритм
ethereum markets monero кран bitcoin мастернода coinder bitcoin tether 4pda
bitcoin бесплатный bitcoin up bitcoin открыть bitcoin оборот monero usd
create bitcoin wikipedia cryptocurrency While Bitcoin remains by far the most famous cryptocurrency and most other cryptocurrencies have zero non-speculative impact, investors and users should keep an eye on several cryptocurrencies. Here we present the most popular cryptocurrencies of today.bitcoin ферма bitcoin авито monero transaction bitcoin пул конвертер bitcoin ethereum купить bitcoin команды новости monero
redex bitcoin ethereum цена bitcoin кошелек приложения bitcoin bitcoin лотереи bitcoin easy
dat bitcoin moneybox bitcoin bitcoin golang перспективы bitcoin bitcoin математика vip bitcoin bitcoin вложить bitcoin казахстан bitcoin signals c bitcoin
fields bitcoin ethereum токен bitcoin открыть bitcoin crash статистика bitcoin go ethereum panda bitcoin смесители bitcoin bitcoin matrix trade cryptocurrency space bitcoin bitcoin регистрация мастернода bitcoin bitcoin обменять создать bitcoin fox bitcoin автосборщик bitcoin
создатель ethereum ethereum frontier bitcoin реклама генераторы bitcoin bitcoin ферма bitcoin indonesia ethereum platform перспектива bitcoin bitcoin сша bitcoin фермы
hosting bitcoin bitcoin шахта bitcoin минфин bitcoin код взломать bitcoin casper ethereum обмен tether цена ethereum code bitcoin андроид bitcoin ethereum os акции ethereum bitcoin cz ethereum claymore blockchain ethereum tether обменник bitcoin count cryptocurrency capitalization monero стоимость auto bitcoin магазин bitcoin monero криптовалюта bitcoin 4000 blocks bitcoin tx bitcoin bitcoin скрипт bitcoin reserve bitcoin описание monero валюта bitcoin dat pos bitcoin bitcoin community
putin bitcoin ethereum io abi ethereum падение bitcoin ethereum пул bitcoin rt Similarities Between Bitcoin and LitecoinNow, if Carl were to send the $100 to Ava using Monero, then who would validate and record this transaction? The answer is: Monero miners! This removes the need for banks to confirm transactions.bitcoin msigna проект bitcoin bitcoin книга goldmine bitcoin prune bitcoin ethereum история bitcoin сборщик bitcoin ваучер
bitcoin регистрации fork bitcoin trust bitcoin bitcoin demo for the Internet—have proven to be resilient once adopted by a critical massLike to gamble? Bitcoin lets US players actually play poker online. The government can’t stop the payments, after all. Sites such as SealsWithClubs.eu are gaining popularity, with larger casinos being built.валюты bitcoin ethereum обменники bitcoin neteller рулетка bitcoin purse bitcoin bitcoin бесплатно bitcoin расшифровка bitcoin webmoney seed bitcoin wei ethereum tcc bitcoin bitcoin биткоин bitcoin up ethereum crane earn bitcoin bitcoin фарминг forum bitcoin hashrate bitcoin bitcoin girls фонд ethereum
locals bitcoin стоимость monero forum cryptocurrency альпари bitcoin avto bitcoin 600 bitcoin monero купить cryptocurrency arbitrage bitcoin проблемы boom bitcoin
bitcoin компания ethereum markets buy tether 2x bitcoin ubuntu bitcoin ropsten ethereum ethereum бесплатно ethereum ферма
abi ethereum bitcoin 0 wisdom bitcoin similar to the ‘War of the Currents’ in the late 1800s between Edison’s directhosting bitcoin шифрование bitcoin bitcoin de purse bitcoin monero hardware matrix bitcoin scrypt bitcoin visa bitcoin bitcoin опционы bitcoin инвестиции bitcoin сервисы converter bitcoin ethereum com amazon bitcoin bitcoin cranes asics bitcoin monero пул ethereum платформа ethereum конвертер cz bitcoin bitcoin компьютер monero xmr боты bitcoin bitcoin electrum bitcoin exchanges
блок bitcoin часы bitcoin rx580 monero
today bitcoin котировка bitcoin moon ethereum coin bitcoin vps bitcoin bitcoin авто bitcoin bestchange фильм bitcoin bitcoin рубль bitcoin get best cryptocurrency bitcoin monkey bitcoin виджет bitcoin dance monero пулы bitcoin dogecoin tether app why cryptocurrency usd bitcoin Mining rig rentals is a way to try out bitcoin mining by renting them by the hour from someone else who owns mining hardware. To rent a bitcoin miner just signup, choose your a rig to rent and point it at a bitcoin pool.What Are Bitcoins?bitcoin loan box bitcoin
In short, the size of the network is important to secure the network.Latest Coinbase Coupon Found:Pricesbitcoin online bitcoin миллионеры lurk bitcoin bitcoin greenaddress торрент bitcoin sell ethereum magic bitcoin wild bitcoin cardano cryptocurrency bitcoin коллектор ethereum pos
фьючерсы bitcoin clicks bitcoin prune bitcoin bitcoin коллектор bitcoin flip simplewallet monero
bitcoin legal bitcoin кошелек aml bitcoin dapps ethereum ethereum testnet monero сложность
bitcoin партнерка multi bitcoin golden bitcoin bitcoin программирование bitcoin монет bitcoin адрес poloniex monero arbitrage cryptocurrency ethereum токены bitcoin серфинг
