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SIMON ABOURAS

Create your own token or coin.

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Creating your own coin or token is not an easy job my friend it requires a lot of sacrifice of pleasures, to do that you must have a huge capital and good programming skills and experience because without these two you cannot be successful in your project.

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I think for someone to make a coin he will definitely need lots of money and also investor's to invest in the coin, because without the investors the coin will die out in the market and there won't be much market demand.

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The initiation of the currency needs a lot of work, starting with how to use it, its network, its goal, the level of support for it, and creating its own white paper. Added to an integrated team to manage the work As for setting up a private token, it is somewhat easier, as it can be made on another blockchain network, and offered for trading on the platforms easily.

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Well based on my own modest opinion, I don't think creating more coins is necessary now, considering thousands of coins that are existing.

So far many coins have make it to peak stage were they are rank among the top 100 coins, while so many have failed on the way,

You can check coin market cap / coingecko for proper confirmation or more information.

so instead of continue creating new coins it's better to invest huge on some projects coins in order to improve and strengthen them at the capital market.

Edited by Guru2050
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On 1/31/2020 at 3:40 AM, SIMON ABOURAS said:

IT IS BETTER to program your own CRYPTOCURRENCY OR CREATE IT AS A Token. 
CREATE A CURRENCY UNDER PLATFORMS LIKE ETHereum, waves or nem has many advantages, it is economical, fast accessible and most features are already preconfigured so if you do not know how to program this is your best option, but on the other hand if you want innovate and create your own blockchain you must know program or program the services of a professional programmer, which will take you more time and money. this depend on the best decision you want to make when creating a currency that is innovative and utuseful for some community in this great sphereility for some community of this great sphere.

its a good idea to create YOUR own crypto currency because you have think only about positive effect not the negative effect.. Let me explain 

(1) to create a own crypto currency or token you need to be  a crypto exporter and you must should have linked with different exchange site which is Listed in stock market.. 

(2) you need to have enough Money to create a crypto currency because to make your currency popular you need to giveaways some bounty programme,airdrop   programs etc... 

(3) there has a chance to lose your invest too if not you able to gain popularity for your coin.. Because still lot of dead currency available in crypto worlds.. Just take your research                   

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ofcource , this is always profitable if we create our own token or coin . 

but we need to hired a good coding developers ( who create coin ) . we Also needs a lot of money to list our coin in trusted exchages , this method is profitable but we need to have good money in begining .

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On 1/31/2020 at 3:25 AM, SIMON ABOURAS said:

IT IS BETTER to program your own CRYPTOCURRENCY OR CREATE IT AS A Token. 
CREATE A CURRENCY UNDER PLATFORMS LIKE ETHereum, waves or nem has many advantages, it is economical, fast accessible and most features are already preconfigured so if you do not know how to program this is your best option, but on the other hand if you want innovate and create your own blockchain you must know program or program the services of a professional programmer, which will take you more time and money. this depend on the best decision you want to make when creating a currency that is innovative and utuseful for some community in this great sphereility for some community of this great sphere.

Creating own cryptocurrency is not a easy job because you have to have full plans and goals. We can see lots of coin developing but we can't see any coin going upward because due to lack of full plans and goals.

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21 hours ago, mhmd7 said:

Your idea is somewhat good, but the currency needs capital. We see a lot of new currencies that go down to the market, but you don't find much demand for it and soon its value drops.

Its really not easy even if we have the capital the creation of coin is done by those that have sufficient funds to take risk because it is not necessary for the coin to get value to have that you need to spend a lot.

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I am sorry but you have to learn how to properly write as you are using capital letters then small then capital again. This post is a joke only looking at it and unreadable entirely. Very bad and an example for the rest of how to avoid posting. What you claim to create our own coin does not mean anything too and you don't explain why we should do that.

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I don't know if it is any better to create a cryptocurrency as you need to know coding and then you have to pay money for it to be audited by other programmers and be free of bugs. Also you need marketing and have a good product ready. Just make a coin to make a coin is not worth anything.

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A very nice idea and careful explaining it dear, I hope you fully success and make your coin that we will see too in yobit and trade it. It is ideas as this that make us better and help us understand the true meaning of crypto and what to do to earn much more from this.

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When creating your own coin, you have to take so many things into consideration, the very first one is that, whats the purpose of the coin, does that purpose serve the interest of the people, and is it going to be really interesting for it to gain investors

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On 2/1/2020 at 7:47 PM, Harris123 said:

Certainly it is very better to create your coin.But it takes a lot of time and lot of hard work to create your own coin.

To create a token you dont need only time and hard work but you also need to have huge amount of money.. To lead your token you must need to Have many crypto expert member who will help you and you must need to give them payment.. Also to make your token popular you must need to release bounty and airdrop programme where you need to giveaway huge amount of Money..                 

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If you have the ability to create a new coin then you might be right. But just saying it without having programming language is not a good idea. It is very difficult and you have to study a lot to learn the languages needed to program a coin or a smart contract.

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That seems like a lot of work , there is a lot to be done on it, first of all the idea to the token it has to be so compelling that everybody has to understand how to use it but thats another issue to it

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It is not an easy task to create a token or coin you need to invest alot of money and time this is not a one man work you need a team to work with and you need some one to do the programming work for you is something you have to plan for so that your token will not dead easily.

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On 1/31/2020 at 2:40 AM, SIMON ABOURAS said:

IT IS BETTER to program your own CRYPTOCURRENCY OR CREATE IT AS A Token. 
CREATE A CURRENCY UNDER PLATFORMS LIKE ETHereum, waves or nem has many advantages, it is economical, fast accessible and most features are already preconfigured so if you do not know how to program this is your best option, but on the other hand if you want innovate and create your own blockchain you must know program or program the services of a professional programmer, which will take you more time and money. this depend on the best decision you want to make when creating a currency that is innovative and utuseful for some community in this great sphereility for some community of this great sphere.

I think @SIMON ABOURAS that it will be quite difficult for members like us to launch their own cryptocurrency.It requires a lot of money and we don't have this kind of money.For members like us it is better to do mining and trading of cryptocurrency that already exists .Thanks for this idea man , i really appreciate it.


                                   

 

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On 1/31/2020 at 12:40 AM, SIMON ABOURAS said:

IT IS BETTER to program your own CRYPTOCURRENCY OR CREATE IT AS A Token. 
CREATE A CURRENCY UNDER PLATFORMS LIKE ETHereum, waves or nem has many advantages, it is economical, fast accessible and most features are already preconfigured so if you do not know how to program this is your best option, but on the other hand if you want innovate and create your own blockchain you must know program or program the services of a professional programmer, which will take you more time and money. this depend on the best decision you want to make when creating a currency that is innovative and utuseful for some community in this great sphereility for some community of this great sphere.

It is not better idea to suggest for someone to create the own coin or token, because just imagine if all people in this world will be creating their own tokens? 

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In General, this is a cool idea, and I am sure that your information will be very relevant to many people. But it seems to me that you need to approach this business very strongly, and you need to properly invest your money and advertising in this business

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I don't find this a good idea, there are so many cryptocurrencies and if we make another one for no reason it will not be accepted or used by anyone. We need a reason to make a coin and good developers too. How you plan to make a coin without a developer? It is not very fast to make one either and an audit of the contract will cost even more making it unprofitable.

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There is no reason to create your token without money and some interesting plan/idea. Noone will be interested in it. There are lots of interesting projects on the internet.

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I don't see the point in having my own token or coin. Without a strong infusion of money, has no future. Well, there must be some kind of purpose for the coin, if you cannot justify it, then cut wrappers better.

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Each project created has its own mission and goals, so what are mission in your token? Another project for scamming people? I think any token coins need seriously bacground with great idea. If that no have it's will be just another shitcoin.

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Hey. I do not consider it necessary to create my own cryptocurrency just like that. It must be done if you really want to develop it like any other business!

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I have always thought that it is better to create your own blockchain than to be based on one already created, those tokens will never be worth more than the base currency of the blockchain, on the other hand, if you create your own you could innovate and with good ideas it will become popular. I want to create one one day.  

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