Do you know that you can develop your cryptocurrencies like Bitcoin, Etherum and Litecoin and win a fair market share of the crypto market?
Yes, let me tell you that it is not as difficult as it seems, you also don’t need to be a coding genius of any sort to win part of the huge market share of the cryptocurrency market.
Have you wondered why there are over 2K coins competing for the market share of cryptocurrencies worldwide, with more being added now and then, you can decide to integrate with the existing market and win part of the market?
In this article, I am going to be showing you step by step on how you how to get started with the creation of your cryptocurrency and how you can win a fair market share like Bitcoin and other top coins in the world.
If you are new to the cryptocurrency world I recommend you read an article on my blog where the art and use of cryptocurrencies were deciphered.
What are Cryptocurrencies?
Cryptocurrency is a decentralized digital currency that uses encryption technology to regulate the generation of currency units and to verify the transfer of funds.
Cryptocurrency is not regulated or tracked by any centralized authority, government, or bank. one very important feature that it carries is Anonymity, decentralization, and security.
The technology behind cryptocurrencies is called Blockchain, which is a decentralized peer-to-peer (P2P) network, which is comprised of data blocks.
These blocks chronologically store information about transactions and adhere to a protocol. The data recorded in blocks cannot be altered without the alteration of all Previous blocks in which it was created, however makes cryptocurrency secure than the traditional finance platforms.
Bitcoin is the first known and successful cryptocurrency holding the foremost position in the cryptocurrency market. Today, more than 1,600 types of cryptocurrencies, including the most popular ones like Bitcoin, Ripple, and Ethereum, are available and the number is still growing, which is why you can win a fair market share of it all.
According to Coinmarketcap, there are over $3 Trillion in cryptocurrencies in the world, with a good number being added daily.
If you are new to the cryptocurrency world I recommend you read an article on my blog where the art and use of cryptocurrencies were deciphered.
Various Categories of Cryptocurrency That you Should know.
Just before diving into the host topic on how you can start hacking your way into winning a fair market share of the crypto market, you should understand that cryptocurrencies are of various kinds and use cases.
You should know that this explanation is based on my research and understanding, therefore whereas Examples for coins are Bitcoin on the Bitcoin blockchain and Ether on the Ethereum blockchain.
Examples for tokens are Tether as a second-layer token on multiple blockchains; Uniswaps “UNI” token and Chainlinks “LINK” token use the Ethereum blockchain. Building tokens on top of Ethereum is super popular; most are so-called ERC20 tokens.
Coins are a kind of cryptocurrency that have their blockchain.
A coin is created on its blockchain and acts in much the same way as traditional money.
It can be used to store value and as a means of exchange between two parties doing business with each other. An example of a coin with its blockchains are
1. Ether – Etherum Blockchain
3. Sol -Solana Blockchain.
4. Ada – Cardano Blockchain
5. Binance USD – Binance smart chain and many others.
Coins do so well because they have their blockchains which call for more use and adoption.
If you are seeking to start investing in cryptocurrency, I recommend you buy a coin that has its blockchain for a start, this does not work most of the time, but I recommend you do so because there are chances that the blockchain-backed by the coin will be collapsing anytime soon.
Tokens are assets foreign to the blockchain they live on. A token does not have its Blockchain, which makes it depends on other Blockchain for survival. They are also created on top of existing blockchains, such as Ethereum, and do not exist as stand-alone systems.
There are many tokens now, and they are built on top of existing blockchains such as Etherum, Solana, NEO and Binance Chain.
Token build on Etherums are called ERC-20 tokens, SPL tokens are for the Solana and many more.
There is no difference between a token and a coin, they can all be offered for monetary values, the only difference is their state of independence, and the fact that one has more use cases than the other.
A token is the fastest way to create a cryptocurrency, as compared to the traditional way of building your blockchain from scratch.
When developers are creating their tokens, they can decide how many units they want to make and where these new tokens will be sent when they are created. They will pay some of the native cryptocurrency on the blockchain they are creating the token on at this point.
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.
Cryptocurrencies such as bitcoin and ether offer several benefits, and one of the most fundamental is not requiring trust in an intermediary institution to send payments, which opens up their use to anyone around the globe.
But one key disadvantage is that cryptocurrencies’ prices are inconstant and have are bent to fluctuate, this has caused the government to fight against the development.
As time went by the crypto-community is becoming more sophisticated than ever, this hereby caused various governments and non-governmental organizations to take a second look at how fiat currencies can transition into cryptocurrencies, but this time, with stability in mind.
Stablecoins try to tackle price fluctuations by tying the value of cryptocurrencies to other more stable assets – usually fiat currencies.
Fiat is the government-issued currency we’re all used to using on a day-to-day basis, such as dollars or euros.
Example of stable coins includes;
1. USDT – This coin is pegged at the same price as the American Dollar.
2. E – Naira – Is also a stablecoin pegged at the same price as the Nigerian Naira.
3. USD Coin – USD Coin is pegged to U.S. dollars with a circulating supply of almost $26 billion. By 2023, Circle stated in a recent investor presentation it assumes the supply to touch $190 billion.
Why You should create Your cryptocurrency.
Cryptocurrency is a hot topic today. If you think about how to create a cryptocurrency, you first need to know its pros and cons. As more and more blockchain projects are coming up with innovative solutions to complex business problems, cryptocurrencies are becoming increasingly popular.
Read on to learn more about why cryptocurrencies are popular and why you should use cryptocurrency in your business operations. Here are some of the few reasons why you should create your cryptocurrency.
The main argument in favour of cryptocurrencies is their underlying technology called blockchain which makes cryptocurrencies decentralized and free from all forms of regulations.
Cryptocurrencies remain the only form of payment that is borderless without any restrictions whatsoever, all you ever need to hack around cryptocurrency is a crypto-wallet and an active internet connection.
2. Fast and unlimited transactions.
Have you ever tried to move Fiat money from your country to other parts of the world, you wonder how this process can be frustrating, most times Your business will end up waiting days to receive money, at the end of the day you even get a huge amount deducted from you, all in the name of bank charges or transaction fee.
With cryptocurrency, you can create an unlimited number of transactions and send them almost immediately to anyone with a crypto wallet, anywhere in the world, without any limit, all you need is a mobile phone, an active internet connection and a cryptocurrency Wallet.
3. Low transaction fees.
Banks and other financial institutions levy huge transaction fees, most especially if the transactions are taken out of the country of origin to another country.
This doesn’t mean that you don’t need to pay a fee for cryptocurrency transactions; however, the amount you need to pay is relatively small compared to traditional banks. However, in cryptocurrencies, these charges are called gas fees.
4. Accepted internationally.
Not all currencies are accepted internationally, and this is more reason why we have to move around every part of the world with US dollars while travelling far away from our country of birth.
This is quite different with cryptocurrencies as the sender and the recipient of funds can be in different parts of the world and still exchange cryptocurrency. You can save money on currency conversion and the fees that always accompany international funds transactions.
5. Transparency and anonymity.
The distributed nature of blockchains makes every transaction recorded and immune to changes., which makes it difficult to hack because of the nature of the blockchain design.
At the same time, if a crypto address is not publicly confirmed, no one will know who made a transaction and who received the cryptocurrency.
All of the above should make companies think more seriously about how to make a cryptocurrency. However, there are some drawbacks you should also consider.
6. Crowdfunding for a project.
Long before now, you need so much documentation to raise funds for your business, but cryptocurrencies have made it easier to raise funds without any blockage.
Huge projects like Akon city, which is being constructed in Africa was fundraised by cryptocurrencies and many others.
Whether you need small initial funding to give shape to your business ideas or you want to run a crowdfunding campaign to support a profit or non-profit project — there’s nothing better than having your cryptocurrency for raising funds. Typically, it requires a lot of paperwork, clearances etc. to raise funds for a business venture.
7. The currency of the future.
During the agrarian age, we leveraged trade using the Trade-by-barter system, it went on to become the gold standard which was not effective enough, before it was transferred to the Dollar and Fiat currency standard and now the world is moving again, digitally into what we now called cryptocurrencies.
With the pace at which blockchain technology is evolving, there’s no doubt that soon cryptocurrencies will become mainstream. The advantage one has with cryptocurrencies is already making it a preferred choice.
While fiat currencies are tracked and monitored by the government more investors and customers are getting interested in projects that allow them to participate in business activities that are not controlled by any authority. The anonymity that is offered by cryptocurrencies is also what makes it lucrative for many.
If you are new to the cryptocurrency world I recommend you read an article on my blog where the art and use of cryptocurrencies were deciphered.
How to Make Your Cryptocurrency.
Now is the time to get deeper and learn how the process of getting started with your cryptocurrency works. As I said, anyone can create your cryptocurrency at any time and it does not come with stress as a lot of people think, and in most cases, you don’t have to be technical to do so.
A variety of cryptocurrencies in existence are just a copy of the source code of an existing cryptocurrency such as Litecoin was created all from Bitcoin.
In this section, I am going to be taking you through steps on how you can begin hacking your way into becoming the next Bitcoin and win a fair market share of the cryptocurrency market.
As stated earlier in the section above where I discussed the various type of cryptocurrencies. To be able to build your cryptocurrency you need to decide whether you want to build a token or a coin.
Are you going to start from scratch? Or build a token on technology that is already trusted and available?
1. Building your blockchain.
Blockchain is a system designed to record information in a way that makes it difficult or impossible to change, hack, or cheat the system.
A blockchain is a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
In every blockchain, each block in the chain contains several transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger.
The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).
Building your blockchain means that you intend to build your cryptocurrency from scratch.
Building a blockchain requires coding and technical skills on every level, which makes it a huge and challenging project, to begin with.
To begin building a blockchain, there are various things that you need to set in place before work begins up to completion.
1. Identify a Suitable Use-case.
Apart from the fact that Blockchain powers cryptocurrencies, there are still various other uses of the blockchain platforms which are ;
1. Data Authentication and verification.
2. Smart Asset Management.
3. Smart Contracts
4. Voting mechanism.
5. Cryptocurrency exchange.
6. Original content creation.
And many more.
2. Choose the Most Suitable Consensus Mechanism.
The original blockchain, which powers the bitcoin crypto-currency, used proof of work as a consensus mechanism. But today multiple distributed ledger systems offer a host of consensus mechanisms such as
1. Proof of stake.
2. Byzantine fault-tolerant.
3. Deposit based consensus.
4. Federated Byzantine Agreement.
5. Proof of Elapsed Time.
6. Derived PBFT.
7. Redundant Byzantine Fault Tolerance.
8. Simplified Byzantine Fault Tolerance.
9. Federated consensus.
10. Round Robin.
11. Delegated Proof of Stake.
Just make sure to study these use cases well and choose the most suitable one that goes in line with your business model.
3. Identify the Most Suitable Blockchain Platform.
A blockchain platform is a cloud-based software upon which a blockchain platform is facilitated upon. Just the same way you need a web host to host your website files, you need a blockchain platform to help make your blockchain platform accessible globally.
The most important factor that needs to be considered is the choice of a Blockchain platform to be used in development and production.
There are many blockchain platforms out there today and most of them are free and open source. Depending upon the consensus mechanism you decide to choose, a few of them includes.
MultiChain is an open-source blockchain platform that allows anyone to build and deploy private blockchain applications that function within or between organisations.
The MultiChain platform provides a simple API and command-line interface that are suitable for financial transactions.
MultiChain is built with a comprehensive set of features that include permissions management, native assets, data streams and simple per-chain configuration.
These high-end features ease enterprise applications in terms of scalability, confidentiality, integration and compliance.
On the network, native tokens referred to as assets can be built and transferred between stakeholders.
TRY IT NOW – Multichain.com
2. IBM Blockchain.
IBM Blockchain is another amazing public cloud service that customers can use to build secure blockchain networks. IBM was introduced in the year 2016, with the main idea of facilitating Blockchain transactions.
Jerry Cuomo, VP of blockchain technology at IBM, says his company is offering a set of cloud services to help customers create, deploy and manage blockchain networks.
This fits in with IBM’s bigger strategy to offer a wide range of cloud services to its customers than what it’s presently doing.
The IBM Blockchain was designed based on the Hyperledger Fabric project which they initially co-created. it has added a set of security services to make it more palatable for enterprise customers, while offering it as a cloud service helps simplify a complex set of technologies, making it more accessible than trying to do this alone in a private data centre.
TRY IT NOW – Blockchain.com
3. Hyperledger Fabric.
Hyperledger Fabric is an open-source, permissioned blockchain framework, that was created in the year 2015 by The Linux Foundation, IMB and others.
Hyperledger is a modular, general-purpose framework that offers unique identity management and access control features, which make it suitable for a variety of industrial applications such as track-and-trace of supply chains, trade finance, loyalty and rewards, as well as clearing and settlement of financial assets.
It comes with amazing features such as ;
1. Being Open Source
3. Governance and Access Control
Hyperledger Fabric is designed to support enterprise-grade use cases and can support quick transaction throughput from its consensus mechanism.
Because Fabric is a permissioned blockchain framework, it does not need to solve for Byzantine Fault Tolerance which can cause slower performance when validating transactions on the network.
Members of the fabric network can use network work together in this platform. Hyperledger Fabric provides the user with a secure and scalable platform to support their confidential contracts and private transactions.
4. Designing the Nodes.
One very important feature makes up a Blockchain and they are called Nodes. Nodes and master nodes are frequently discussed subject in blockchain recently. And properly so, because nodes are a critical component of a blockchain’s infrastructure.
Without nodes, a blockchain’s data would not be possible. You could say that nodes are the blockchain.
Nodes can be any kind of device (mostly computers, laptops or even bigger servers). Nodes build the infrastructure of a blockchain. All nodes on a blockchain are connected and they regularly exchange the latest blockchain data with each other so all nodes stay up to date.
They store, spread and preserve the blockchain data, so theoretically a blockchain exists on nodes. A full node is a device (like a computer) that contains a full copy of the transaction history of the blockchain.
Blockchain solutions can be permissioned (e.g. a Government-run land registry) or permission-less (e.g. Bitcoin, where anyone can become a miner). Blockchain solutions can be private (e.g. a contract management system implemented in a pharmaceutical company), public (e.g. an asset-backed cryptocurrency) or hybrid (e.g. a group of banks running a shared KYC platform).
5. Building the APIs.
API stands for Application Programming Interface, API’s allows your blockchain to connect to third-party software application
Most blockchain platforms come with pre-made APIs while some don’t. The major categories of APIs that you would need are for:
1. Generating key pairs and addresses
2. Performing audit-related functions
3. Data authentication through digital signatures and hashes
4. Data storage and retrieval
5. Smart-asset lifecycle management –issuance, payment, exchange, escrow and retirement
6. Smart contracts.
2. Build on Top of an existing Blockchain.
This is the easiest way, to begin with, trust me, going the route of building your blockchain is tedious because you need to manage infrastructure, have a whole team on the ground and spend money.
Building on top of an existing blockchain does not make it a coin, it is called a Token.
So, the first thing you need to decide when figuring out how to create a cryptocurrency is whether you’re going to build a “token” or a “coin”.
Coins and tokens are both cryptocurrencies. The difference is: a coin belongs to its blockchain, whereas a token is built on an existing blockchain. So, there can be thousands of tokens built onto a blockchain, whereas there can only be one coin.
Some of these blockchain technologies can be used to help create tokens. The most popular blockchain for building applications and tokens is Ethereum.
The tokens developed on Ethereum are called ERC-20 tokens. The Ethereum blockchain is a vast playing field for people who are trying to learn how to create a cryptocurrency because the Ethereum blockchain was the first to offer this service and is well trusted.
NEO is another great Blockchain platform, allows people to use the NEO blockchain to create applications and tokens. It is the second most popular platform. Token built on the NEO platform is called NEP-5 tokens.
Solana is a blockchain was created by Anatoly Yakovenko, who previously worked at Qualcomm and Dropbox, where he specialized in designing distributed systems and compression algorithms.
Solana uses a combination of proof-of-stake (PoS) and proof of history (PoH) consensus mechanisms to improve throughput and scalability. Consequently, the network claims to support 50,000 transactions per second (TPS), making it the fastest blockchain in the world. Tokens built on the Solana platform are called SPL-token.
3. Create a Website.
Cryptocurrencies are digital assets, which makes them more appealing on the internet, you don’t need a physical shop to advertise or showcase your crypto project.
Cryptocurrency enthusiasts are more prevalent on the internet, and you should use every digital means to reach out to them.
Building a website for your crypto project does not mean you need something other than a domain name and a web hosting platform all you need is the two.
I wrote a comprehensive guide on how to create your website, this guide contains free and paid tools, click the link below to get started.
You should also bear in mind that your websites need to be designed in such a way that is appealing and informative to investors.
Since you need to give investors vital information about your website, you need to have certain web pages in place such as.
1. Landing Page.
The landing page should contain a brief introduction about your crypto project and what you hope to achieve at a certain timeline. The landing page of your crypto project should make an appealing impression in such a way that it convinces an investor to contribute to your project.
2. A Buy Page.
Most crypto projects drop off links for people to download their wallets while the rest links to a crypto exchange platform to sell on their behalf.
You can either decide to choose any of the two instances to effectively make your project accessible to investors.
3. A News/Blog Page.
Lastly, is the news or blog page, where people get to determine the status of your crypto project, if you need to convince investors about investing in your project, you need to make provisions for an appropriate News/Blogging section, to begin with.
In the long run, you don’t have to design all from scratch if you know nothing about web development, There are free WordPress Themes to help you achieve this.
4. Create a WhitePaper.
Whitepapers explain the purpose and technology behind a crypto project. A white paper is a document that includes an outline of a problem that the project is looking to solve, the solution to that problem as well as a detailed description of their product, its architecture and its interaction with users.
They present statistics, diagrams and facts to convince interested investors to buy the cryptocurrency.
Producing a whitepaper is a step required for a crypto startup to be considered legitimate, as it helps investors realise how a business is different from rivals in the space.
Every single Initial Coin Offering (ICO) in the market requires a white paper if it is to become a prosperous campaign.
The contents of any white paper should include the following talking points, but shouldn’t be limited to them:
3. Table of contents
3. Description of the market and the problem
4. Description of the product and how it’s going to solve said problem
5. Tokens: how many, why, how, when, and so on
6. How the raised funds are going to be used
7. The team
8. The roadmap
5. Get Your Coin or Token Listed on a Crypto exchange platform.
After adequate preparation to launch your coin, and following due processes as stated above, it is now time to get your coin to the outside world and make it eligible for purchase. One of the many ways to make sure that your coin can be bought at a monetary value is to get it out to cryptocurrency exchange platforms to enable it to become a purchasable asset.
Choosing the right crypto exchange for a coin or token project can be a daunting task. There are more than 500 crypto exchanges currently existing. Yet, the ramifications of the decision of where to get listed should not be taken with levity.
Another factor to consider, when deciding on the crypto exchange platform is the significant price tag that it comes with, over seven-digit figures US-Dollar has been reported to be paid for listings on the worldwide most liquid crypto exchanges where other exchanges may merely charge a five-digit number.
I recommend you check out this article to help you understand the processes involved in listing your cryptocurrency on an exchange.
6. Promote Your project.
The very last but not least is to promote your cryptocurrency project to your community. Mind you that cryptocurrency is the money powered by your community and the success depends so much on how you can convert your community into loyal customers. Promotion is vital for every business and therefore should not be taken with levity.
The technical know-how and the experience of the team is the backbone of every crypto project that intends to succeed.
But you should not expect your whitepaper, roadmap or even the finished product to just sell itself to unknown investors.
A good online marketing campaign with clear and open communication can do wonders and help distinguish your business in the jungle of thousands of projects.
Even if you have spent so much time in creating your cryptocurrency, drafted a whitepaper and listed it on one of the most amazing cryptocurrency exchange platforms, and you lose out on the course to promote then it is okay to say that your project has failed on arrival.
In this section, I am going to be highlighting various ways to help you promote your cryptocurrency project.
1. Email Marketing.
Email marketing is the act of sending a commercial message, typically to a group of people, using email.
In its broadest sense, every email sent to a potential or current customer could be considered email marketing.
It involves using email to send advertisements, request business, or solicit sales or donations.
Despite the rise of social media and undesirable spam email (which is never a good marketing strategy, by the way), email remains the most effective way to nurture leads and boost customer loyalty.
Those in your email list have known you, build trust and confidence in you for a longer period to be able to turn you down.
This is why I recommend you always include email marketing as a priority when spelling out your digital marketing strategy.
Just in case you are new to email marketing, I wrote a comprehensive guide to help you get started, click the link below to get started.
2. Social Media Advertising.
Social media platforms like Facebook, YouTube and many others have been knowing to be one of the major platforms for user acquisition and retention worldwide.
There are many ways to use social media to promote your cryptocurrency project, mind you, not all social media allows cryptocurrency projects afloat on their platform, the likes of Facebook, Google, and many others.
Various other social media do permit cryptocurrency ads such as Telegram and many others. To make sure that things don’t go wrong, you should ensure to comply as much as possible with the rules and policy of the platform you intend to use.
For Facebook, Instagram and Google, you obviously will lose out when you attempt to run cryptocurrency base ads on these platforms, I don’t know, maybe recently they might have been some change but I doubt if they have permitted cryptocurrency-based ads to run on their platform.
While on these platforms, one of the best ways to promote your crypto project to attract more investors is to play around with groups and concentrate more on leveraging organic visitors, and this can only be achieved by posting and engaging the community regularly, that way the social media algorithm gets to recommend your community to a few more eyes who are interested in investing in your cryptocurrency.
I wrote comprehensive guides on how to get started around hacking your marketing using various social media platforms such as Facebook, Twitter, Linked In and many others. Click the link below to get started.
- How To Grow Your Business On Facebook
- How To Grow Your Business On Twitter
- How To Grow Your Business On LinkedIn
- 20+ Best Social Media Marketing Tools You Should Know
- How To Grow Your Business On TikTok
3. Search Engine Optimization (SEO).
Search Engine Optimization is the act of placing your web page to be indexed on search engines such as Google, Yahoo, DuckDuck Go and many others.
The search engine is not a quick result method for promoting your cryptocurrency project, but be sure to expect lasting results in a long term.
A search engine optimization campaign can take up to 6 months to a year with appropriate professionals before you begin to see results. Search engine optimization takes much time to begin seeing results but remains one of the effective ways to get information to the right people.
I wrote a comprehensive guide on how to start hacking your way around search engine optimization and I recommend you click the link below to get started.
4. Influence Marketing.
One factor that convinces people to purchase a product is the fact that such a product was recommended by someone they know.
Gone are the days when anyone would just randomly buy things on the internet just because they like it or feel it somewhat useful to them, now you need more than just a fancy social media page, website or a heavy paid social media advertising campaign to convert high paying customers, you need a voice that is trustworthy to speak for you, and this is where influence marketing comes into play.
There are so many products and services online that are also hunting for the attention of prospective customers just like your business is, the quickest way to get the attention of these prospective customers is to make use of an internet influencer.
Most of the time, these influencers, might be on social media, bloggers and even on YouTube channels, most times they may even ask you to pay a certain fee for them to talk about your product.
This approach remains one of the best because your cryptocurrency project is going to be mentioned by someone trusted and also with a huge community.
For example, if you seeking an internet influencer for your cryptocurrency project, you need to be able to find someone who is a cryptocurrency expert with huge followership to do that for you.
5. Use Telegram.
I decided to take this point separately because I think Telegram has become a major tool used for promotion for cryptocurrency brands and companies.
As little and Irellivant as the Telegram app might be, it has become yet a destination for cryptocurrency projects such as Binance, Solana and Etherum.
Telegram is a multi-platform messaging service founded by Russian entrepreneur Pavel Durov. It first rolled out on iOS and Android in late 2013, and now has an estimated 550 million monthly users. Telegram’s user base tends to increase whenever a privacy scandal hits one of its larger competitors.
What makes Telegram unique is its focus on privacy, encryption, and an open-source API. There are countless unofficial clients to go along with the official Telegram apps and web interface. It also allows multiple devices to use the same account (verified by SMS), and multiple accounts on the same device.
Telegram’s core functionality is the same as most other messaging apps: You can message other Telegram users, create group conversations, call contacts, make video calls, and send files and stickers. However, there are a few specific features that make it work differently from other chat apps.
Telegram has become a multi-functional platform carrying the responsibility of more than just a chat app, it has been designed to reach out to more people than the regular social media platform such as Facebook, Twitter and many others.
Another feature I love about Telegram is the fact that it allows you to create groups with an unlimited amount of users, which Whatsapp does not allow. Telegram also allows you to add friends that you don’t know by searching them by their username, you can add them and begin a conversation with them.
The technical creation of a cryptocurrency isn’t the hardest part of launching a successful crypto project, you can create your token in just a few lines of code.
The real work is in giving your coin or token value, building the infrastructure, maintaining it, and convincing others to buy in is the part that you should think of the most. There are so many tokens all over the world and more are being created every minute. The difference is the value proposition that your project carries.
That said, plenty of cryptocurrencies are unsuccessful, or even questionable from a legal standpoint, whether because the ICO wasn’t created in good faith or the coin failed to generate lasting interest.