How to Create Your Own Crypto Money

Have you ever thought of keeping your interest in the crypto money world a step further by investing in it? E.g; creating your own cryptocurrency?

You can start creating your own crypto money by learning the difference between coin and token. Coin has its own Blockchain technology; The token uses an existing Blockchain technology. We can briefly explain blockchain technology as a record of transactions made by a network by securing it. This makes coins independent and tokens dependent.

What should be the first step to create crypto money?

The first step should be to decide your preference; either create a new blockchain or fork the existing one. Which one do you want?

Of course, you need to have a wealth of technical knowledge and good coding ability for both decisions. Even if you don’t know, you must work with someone who knows!

In addition, you can make use of the open source code on Github and create a new name with a new chainchain.

Technical Information and Hardware What to Do?

You can take advantage of cryptocurrency creation platforms. Let’s say you have average computer knowledge and interest in the cryptocurrency world. If you have the necessary knowledge about this world, you can create your money through cryptocurrency-making platforms.

Anyway, the site will give you everything and you will only be able to get the logo of the cryptocurrency, the number of coins, etc. will ask you to determine its characteristics. The necessary infrastructure and directions for this are also available on the site; you can go through them.

How to Use Tokens or Coins I Created?

You may be able to make coins publicly by supporting them with a smart contract. Tokens, on the other hand, can be created even if they have no material value as an asset representative.

Creating a new blockchain requires as much effort and time as knowledge. You should continue with detailed studies on this, but creating tokens is a fairly simple process; you do not need to give extra effort as the existing system can be used. You may even forget the existence of the token you have created because it does not have a serious purpose.

If you think seriously;

Valuing, protecting, attracting attention for the sale of the coin or token you create and attracting people to make your ventures successful are indispensable. Contracts with a low amount of commission, creating a ready token for a small amount on the site is the easiest part of the job.

There may also be coin creators who choose the hardest part of the job. But whatever you choose, the main challenge is; making these coins public, making them preferable. For this, your job should be your strength, the token or coin you created. There may still be an unsuccessful attempt. Because so far, many cryptocurrencies you’ve heard of or haven’t heard of have failed. We’re not talking about an easy situation, but it’s not impossible. If you have at least interest and curiosity, it might be worth trying for you. Of course, taking all the risks!