Managing your Community
The community can be a powerful thing to surround yourself with while learning how to create a cryptocurrency. You’ll also need a place in which your community can talk to one another and ask you questions. The most popular app to use for this is Telegram. It is an instant messaging app, like WhatsApp or Facebook Messenger. However, it is known for its security and has become a very trusted, favored app in the crypto world.
Telegram is not intended to bring revenue,
it will never sell ads.
Telegram
So, in my opinion, setting up a well-managed Telegram group is essential! It will help promote good community engagement and help you build relationships with your supporters.
You should use forums too. Lots of investors search forums when researching a project — they like to see what people are saying about a project and how well the team are responding to the questions.
Whether you use forums to share your path of how to create a cryptocurrency, group chats, or both: you’ll probably need a community management team. This depends on how popular your ICO will be, but either way, it’s better to save yourself the time. Would you rather manage it yourself or spend some of your budget on getting a team to manage it for you?
You should consider the fact that your community will trust you more if you are quick to respond to messages. It seems more credible and trustworthy!
As your community will probably be made up of people from all around the world, you may want a team that is based all around the world too. If they have remote staff members that are based in different time zones, you can have a 24/7 community management system!
One company that offers this service is Go Social. They’re UK-based, have a lot of experience in managing successful ICOs, and can provide a wide range of useful services, including community management.
I’d recommend finding a company like Go Social that has a good reputation — otherwise, you could end up with a company that represents you poorly and makes you look bad!
The Money Aspect in How to Create a Cryptocurrency
Big stack of Bitcoin coins
Money, money, money. You’ll need money to pay for the smart contract and token development, the website, the audit, the whitepaper, the marketing, and the PR (community management).
I can’t lie to you — it’s expensive. Smart contract and token developers can charge a lot of money because there aren’t many of them in comparison to how many ICOs they are. You can expect rates to start from around $100/hour, although some can charge a lot more.
How long it takes for a developer to finish the smart contract and token can vary depending on what you require. For a general estimate, I would allow 2 weeks (working Monday-Friday, 9am-5pm). That’s a total of $8,000 if you were paying $100/hour!
The audits are not cheap either — typically ranging from $3,000-$10,000. Again, it all depends on what you require.
I could go on and on about prices and give you average costs etc., but there is no point. It all depends on what you want and who you know.
If you connect with the right people, you can make the process of how to create a cryptocurrency a lot cheaper. So, what I’d advise is to do plenty of research and talk to plenty of people.
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Conclusion: The Most Important Part and Your First Step!
This 'make your cryptocurrency' tutorial has gone through the technical and non-technical work you need to do to create a successful cryptocurrency via an ICO. But we keep going back to one key point. Your project will only succeed if you have a good idea! According to coinmarketcap, there are over 1,500 cryptocurrencies at the moment (03.15.18). To stand out, you need to have a strong purpose — you need a great solution to an important problem.
For example, BitDegree is a solution to the education system. Before BitDegree, students had to pay large fees to take courses and gain qualifications. Now, they can use BitDegree to learn and be paid for doing it because, in the BitDegree ecosystem, students and teachers are paid by future employers.
The employers influence the courses, meaning that when the students are qualified, they have all the attributes needed for the job with the employer. It saves a lot of money for the employers because it is much more expensive for them to go down the traditional training route.
This opens up many opportunities for employers, students, and teachers — it solves a big problem! That’s exactly what your idea needs to do. If you need any additional help on how to create a cryptocurrency of your own, head over to BitDegree tutorials and courses page and learn from the best!
In case, after reading this guide, you decide to choose an easier way to get cryptocurrencies, you should make sure to go for the most reliable cryptocurrency exchanges, such as Coinbase and Binance. Also, keep your assets in secure hardware wallets at all times!
In this sense, Bitcoin’s terminal money supply growth (inflation) rate of absolute zero is the ultimate monetary Schelling point — a game-theoretic focal point that people tend to choose in an adversarial game. In game theory, a game is any situation where there can be winners or losers, a strategy is a decision-making process, and a Schelling point is the default strategy for games in which the players cannot fully trust one another (like money)Shares are a tricky concept to grasp. Keep two things in mind: firstly, mining is a process of solving cryptographic puzzles; secondly, mining has a difficulty level. When a miner ‘solves a block’ there is a corresponding difficulty level for the solution. Think of it as a measure of quality. If the difficulty rating of the miner’s solution is above the difficulty level of the entire currency, it is added to that currency’s block chain and coins are rewarded.WalletsCryptocurrency Scamsкраны ethereum monero обменять Stefan Thomas, a Swiss coder and active community member, graphed the time stamps for each of Nakamoto's 500-plus bitcoin forum posts; the resulting chart showed a steep decline to almost no posts between the hours of 5 a.m. and 11 a.m. Greenwich Mean Time. Because this pattern held true even on Saturdays and Sundays, it suggested that Nakamoto was asleep at this time, and the hours of 5 a.m. to 11 a.m. GMT are midnight to 6 a.m. Eastern Standard Time (North American Eastern Standard Time). Other clues suggested that Nakamoto was British: A newspaper headline he had encoded in the genesis block came from the UK-published newspaper The Times, and both his forum posts and his comments in the bitcoin source code used British English spellings, such as 'optimise' and 'colour'.Eliminate the need to run individual verification checks on potential employees—blockchain transactions can store data regarding identity and employment historyбудущее bitcoin mine monero Over the years, many have voiced concern around the high amount of energy consumed in producing Bitcoin. Satoshi Nakamoto himself addressed this concern in 2010, saying:DOCTRINES THEN AND NOWPutting 1-5% of a portfolio into Bitcoin can potentially improve risk-adjusted returns as a non-correlated asset. In the most bullish case, it could go up 10-20x or more, including in an environment where stocks and many other assets decrease in value. In a bearish case, it could lose value or even go to zero.Peer-to-peer networking avoids centralized serversсбор bitcoin bitcoin trojan bitcoin spend flash bitcoin уязвимости bitcoin bitcoin прогноз перевести bitcoin