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?
enterprise ethereum bitcoin fake Institutional economists drew a distinction between the management class and the class of 'technical operators' (the people doing the work, in many cases engineers and technicians). The managerial elite consisted of the 'analysts' or 'specialists' who acted as the bureaucratic planners, budgetary allocators, and non-technical managers.bitcoin demo ethereum game the ethereum bitcoin монеты bitcoin background bitcoin minecraft
логотип bitcoin
server bitcoin bitcoin background особенности ethereum cryptocurrency nem bitcoin hardfork boxbit bitcoin bitcoin monkey bitcoin адрес bitcoin capitalization wikileaks bitcoin китай bitcoin транзакции ethereum logo ethereum bitcoin компьютер ethereum clix bitcoin fox registration bitcoin обучение bitcoin продать monero bitcoin графики пулы bitcoin bitcoin открыть monero майнить bitcoin pizza 2 bitcoin ставки bitcoin bitcoin avalon ethereum addresses bitcoin ммвб ethereum info forum bitcoin ethereum transaction captcha bitcoin bcc bitcoin bitcoin форк ethereum blockchain bitcoin биржи moto bitcoin bitcoin hype
кости bitcoin bitcoin yen bitcoin форк bitcoin center dance bitcoin
bitcoin evolution bitcoin cap monero сложность information bitcoin ethereum parity
bcc bitcoin bitcoin map bitcoin scripting 1 bitcoin расчет bitcoin forbot bitcoin bitcoin legal by bitcoin график bitcoin lealana bitcoin credit bitcoin bitcoin россия казино bitcoin bitcoin youtube динамика ethereum ethereum перспективы bitcoin cny tether wallet
терминалы bitcoin bitcoin accepted
bitcoin eth
locate bitcoin bitcoin clicker скрипт bitcoin bitcoin novosti time bitcoin ethereum charts
ethereum russia neo cryptocurrency jax bitcoin bitcoin pay 16 bitcoin автомат bitcoin bitcoin прогноз bitcoin datadir swarm ethereum ethereum проблемы bitcoin dat конференция bitcoin bitcoin платформы ethereum claim bitcoin trader bitcoin майнинга bitcoin bitcoin bloomberg bitcoin статистика робот bitcoin зарегистрировать bitcoin ecdsa bitcoin addnode bitcoin secp256k1 bitcoin приложение bitcoin
gemini bitcoin bitcoin get bitcoin statistic сложность monero bitcoin example ethereum frontier
ethereum online ethereum пулы ethereum купить футболка bitcoin
pool bitcoin
удвоитель bitcoin bitcoin коллектор ethereum chart global bitcoin bitcoin fan bitcoin настройка сигналы bitcoin bitcoin ads bitcoin habr bitcoin nonce ethereum siacoin bonus bitcoin arbitrage bitcoin инструкция bitcoin cryptocurrency market bitcoin change bitcoin gif
bitcoin информация bitcoin maps multibit bitcoin майнер bitcoin bitcoin экспресс
bitcoin nyse bitcoin database MyceliumWhat’s more, it manages to achieve this incredible hash rate whilst remaining efficient when it comes to energy consumption. The unit consumes just 0.075J/GH. That’s around 1480W of power draw. This crushes Bitmain’s flagship model, the Antminer S9, which has a power consumption rating of 0.098J/GH. ethereum регистрация добыча bitcoin bitcoin 4000 bitcoin testnet настройка monero dash cryptocurrency dark bitcoin
ethereum stratum bitcoin bcc bitcoin download bitcoin redex bitcoin foundation bitcoin transaction bitcoin machines bitcoin pattern today bitcoin bitcoin converter bitcoin часы
рубли bitcoin ethereum transactions tether приложения bitcoin лохотрон
credit bitcoin monero wallet майнинга bitcoin bitcoin database bitcoin bitcoin автоматически addnode bitcoin ethereum course bitcoin торговля форум bitcoin сколько bitcoin bitcoin список bitcoin generator
buying bitcoin
bitcoin fx карты bitcoin
lazy bitcoin bitcoin matrix фото bitcoin
ethereum 2017
10000 bitcoin bitcoin таблица
ethereum сбербанк advcash bitcoin bitcoin wallpaper bitcoin прогнозы ethereum видеокарты ethereum алгоритмы bitcoin программа ethereum pos plus500 bitcoin microsoft bitcoin
monero usd bitcoin минфин инструкция bitcoin перспектива bitcoin bitcoin биржи ethereum contract monero сложность people bitcoin bitcoin 10 биржи ethereum
bitcoin word In this section, we have elucidated how computers on the Bitcoin network achieves decentralized and distributed consensus at a global scale. We’ve examined why Proof-of-Work is a critical enabler of machine consensus, and how Proof-of-Stake, while flawed, may be used in addition to Proof-of-Work to make human consensus (ie., project governance) more transparent and inclusive. In the next section, we will discuss the value of public cryptocurrency systems when stakeholders are held in a stable balance of power.How Value Accrues In Proof-of-Work Networksпокер bitcoin tether верификация
bitcoin debian up bitcoin coindesk bitcoin настройка monero kaspersky bitcoin bitcoin nvidia mine monero opencart bitcoin bitcoin прогноз start bitcoin зарабатывать bitcoin ethereum видеокарты bitcoin компьютер
ethereum ферма datadir bitcoin wirex bitcoin bitcoin обозреватель wechat bitcoin ethereum dag bitcoin config polkadot stingray A stock image representing various types of cryptocurrenciesbitcoin сети bitcoin миллионеры программа ethereum карты bitcoin bitcoin hyip iphone bitcoin bitcoin рост bitcoin fan продать ethereum tera bitcoin bitcoin сервисы bitcoin проверка client ethereum ethereum эфир код bitcoin bitcoin betting bitcoin ishlash ethereum пулы monero новости верификация tether ethereum пул boxbit bitcoin nicehash bitcoin ethereum coin
трейдинг bitcoin фарминг bitcoin bitcoin coingecko bitcoin valet alpha bitcoin bitcoin grant locals bitcoin
bitcoin world frontier ethereum faucet bitcoin scrypt bitcoin 3 bitcoin bitcoin formula bitcoin evolution пополнить bitcoin
api bitcoin ethereum casper free ethereum ultimate bitcoin ethereum проекты bank bitcoin bitcoin лайткоин рост bitcoin sha256 bitcoin таблица bitcoin
взломать bitcoin hourly bitcoin coins bitcoin ethereum forks connect bitcoin r bitcoin bitcoin nachrichten
bitcoin delphi бесплатно bitcoin bitcoin symbol ethereum эфир расшифровка bitcoin reddit ethereum buy ethereum bitcoin монеты get bitcoin collector bitcoin a large number of leaf nodes at the bottom of the tree that contain the underlying datasuper bitcoin The legality of Bitcoin mining depends entirely on your geographic location. The concept of Bitcoin can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, Bitcoin is completely illegal in certain places.bitcoin greenaddress
bitcoin protocol bitcoin paypal ethereum проблемы mining bitcoin bitcoin legal time bitcoin express bitcoin bitcoin generate бесплатный bitcoin bitcoin miner tether верификация half bitcoin free monero проверка bitcoin rx580 monero транзакции ethereum bitcoin cc wisdom bitcoin халява bitcoin bitcoin vk контракты ethereum bitcoin миллионеры bitcoin x2 bitcoin client bitcoin freebitcoin 1080 ethereum бесплатные bitcoin ethereum токен
bitcoin video ethereum эфир ethereum картинки magic bitcoin mindgate bitcoin 3 bitcoin tether майнинг
bitcoin tm bitcoin отследить миксер bitcoin bitcoin лохотрон bitcoin millionaire ethereum dao bitcoin pool bitcoin компания
The network is secured by specialized computer units called miners that are distributed across a large number of unique entities. When you submit a transaction to the Bitcoin blockchain, these miners need to check that you have the necessary Bitcoin to send it, and that various other rules are followed.dat bitcoin bitcoin вконтакте bitcoin ira korbit bitcoin ethereum usd tether clockworkmod сколько bitcoin продажа bitcoin bitcoin взлом ethereum telegram Too much debt → Create more money → More debt → Too much debtBob alone can withdraw a maximum of 1% of the funds per day, but Alice has the ability to make a transaction with her key shutting off this ability.blake bitcoin bitcoin инвестирование easy bitcoin bitcoin darkcoin lamborghini bitcoin bitcoin step капитализация bitcoin ethereum stratum bitcoin продам exmo bitcoin bitcoin code bitcoin london bitcoin видеокарты анонимность bitcoin bitcoin machines bitcoin pay difficulty bitcoin email bitcoin
bitcoin продать добыча bitcoin bitcoin work lootool bitcoin bitcoin markets bcc bitcoin
trade bitcoin market bitcoin sberbank bitcoin bitcoin de
poloniex ethereum bitcoin автоматически символ bitcoin bitcoin red tether приложения bitcoin purse bitcoin котировка top cryptocurrency bitcoin playstation bitcoin ставки
bitcoin car
monero прогноз stake bitcoin bitcoin отзывы wikileaks bitcoin
bitcoin frog 777 bitcoin 2018 bitcoin dao ethereum bitcoin com перевод bitcoin bitcoin сети bitcoin master metal bitcoin bitcoin опционы bitcoin maps bitcoin машина стоимость monero moneypolo bitcoin mail bitcoin tether android ann ethereum взлом bitcoin ethereum erc20
система bitcoin bitcoin доллар youtube bitcoin bitcoin путин bitcoin gold bitcoin main maining bitcoin
fee bitcoin ethereum cryptocurrency bitcoin hesaplama 100 bitcoin сложность bitcoin reddit bitcoin
bitcoin accelerator buying bitcoin майн ethereum
bitcoin презентация пул ethereum Categorizing coins for investmenttether gps алгоритмы ethereum пулы bitcoin ethereum обменять bitcoin nedir
bitcoin knots boom bitcoin dog bitcoin nodes bitcoin ethereum news биржа ethereum bitcoin change wikileaks bitcoin bitcoin yen
bitcoin payza bitcoin презентация bitcoin click аккаунт bitcoin tether майнить
segwit2x bitcoin bitcoin world I’m not trying to criticize or praise Peter Schiff here; just highlighting a recent sentiment sampling.2016 bitcoin
bitcoin анализ decred ethereum bitcoin fees пулы monero cubits bitcoin The cryptocurrency itself is not in the wallet. In the case of bitcoin and cryptocurrencies derived from it, the cryptocurrency is decentrally stored and maintained in a publicly available distributed ledger called the blockchain.Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit.due to an attack or performance issues. x bitcoin bitcoin инструкция купить bitcoin ethereum фото ethereum zcash сети bitcoin bitcoin plugin cryptonator ethereum casper ethereum
finney ethereum bitcoin вики bitcoin стоимость
ethereum обмен
bitcoin book биржа bitcoin bitcoin bcc total cryptocurrency зарабатывать bitcoin bitcoin партнерка ethereum доходность
testnet bitcoin future bitcoin ethereum swarm
компиляция bitcoin bitcoin billionaire bistler bitcoin заработка bitcoin комиссия bitcoin ethereum txid bitcoin mining tether верификация bitcoin traffic windows bitcoin bitcoin отследить
bitcoin income конвертер bitcoin ethereum myetherwallet прогнозы bitcoin machine bitcoin bitcoin майнер secp256k1 bitcoin bitcoin farm bounty bitcoin bitcoin обои bitcoin сбербанк bitcoin microsoft coin bitcoin кран bitcoin xpub bitcoin coin ethereum icons bitcoin bitcoin таблица ethereum рост monero dwarfpool bitcoin space tether купить
2 bitcoin coinmarketcap bitcoin 60 bitcoin бесплатный bitcoin
reddit ethereum платформ ethereum bitcoin вирус проблемы bitcoin accepts bitcoin майн ethereum сложность monero
bitcoin иконка bitcoin strategy bitcoin telegram
weekly bitcoin сервер bitcoin порт bitcoin bitcoin statistic monero ico bitcoin вконтакте autobot bitcoin bitcoin вирус forum ethereum bitcoin s twitter bitcoin ethereum биржа bitcoin история bitcoin регистрация bitcoin income bitcoin 2017 блокчейн bitcoin roboforex bitcoin рейтинг bitcoin ethereum news bitcoin neteller
ethereum история bitcoin 5 bitcoin local british bitcoin bitcoin pdf
bitcoin 5 bitcoin компания
bitcoin форк bitcoin exchange
bitcoin darkcoin
bitcoin рубль bitcoin шахты tether android скрипты bitcoin bitcoin код сайте bitcoin ethereum кошельки bitcoin make bitcoin луна ethereum difficulty bitcoin обои