Creating a new cryptocurrency? Is it that easy?

S

salamalatala

Junior Member
Dec 29, 2021
193
162
Hello BHW,

I am totally noob into programming, but I have seen that you can create your cryptocurrency with a couple of clicks and like 100-200$ investing in it? Is it really that easy?

Cause I have a finance traffic that is ULTRA HQ, I am now selling different stuff from crypto but they are willing to invest in finance so much money, So I was thinking about creating my cryptocurrency and promoting it? Will my plan work: I create my token, for example 1 000 000, I get 500 000 for me, 500 000 in liquidity, and when they invest for example 100k USD, I can sell my tokens or?
Sorry for my stupid questions but I am totally noob to it. Any advice will be precious!
Thank you!
 
Advertise on BHW
salamalatala said:
Hello BHW,

I am totally noob into programming, but I have seen that you can create your cryptocurrency with a couple of clicks and like 100-200$ investing in it? Is it really that easy?

Cause I have a finance traffic that is ULTRA HQ, I am now selling different stuff from crypto but they are willing to invest in finance so much money, So I was thinking about creating my cryptocurrency and promoting it? Will my plan work: I create my token, for example 1 000 000, I get 500 000 for me, 500 000 in liquidity, and when they invest for example 100k USD, I can sell my tokens or?
Sorry for my stupid questions but I am totally noob to it. Any advice will be precious!
Thank you!
Click to expand...
The question is why would your cryptocurrency provide value (i.e. be worth any $ at all). If you're going with a token running on a contract chain like ETH or TRON then what are the tokens representing?

Why are you holding 50% of the tokens for yourself? What would they be used for? History already tells us that there's a 99.99% chance you'll use them as an exit scam like so many others before you.

You might have lots of HQ finance traffic, but anyone with any money is going to ask these basic questions before they invest. Of course newbies with no clue may invest in anything (SHIB for example).

Speaking from experience of being involved with a crypto coin that originally launched in 2017 and has only last year come up with a solid use-case and roadmap to get there, it is not easy to try to attract people to the community let alone investors. With our coin we are not nearly at that stage, still slowly developing and playing the long game.

To answer your first question though, yes it is that easy to create your own crypto. Plenty of sites out there that will create a generic Scrypt coin for free.

I would suggest you offer your traffic to existing projects in exchange for rewards.
 
mrankin said:
The question is why would your cryptocurrency provide value (i.e. be worth any $ at all). If you're going with a token running on a contract chain like ETH or TRON then what are the tokens representing?

Why are you holding 50% of the tokens for yourself? What would they be used for? History already tells us that there's a 99.99% chance you'll use them as an exit scam like so many others before you.

You might have lots of HQ finance traffic, but anyone with any money is going to ask these basic questions before they invest. Of course newbies with no clue may invest in anything (SHIB for example).

Speaking from experience of being involved with a crypto coin that originally launched in 2017 and has only last year come up with a solid use-case and roadmap to get there, it is not easy to try to attract people to the community let alone investors. With our coin we are not nearly at that stage, still slowly developing and playing the long game.

To answer your first question though, yes it is that easy to create your own crypto. Plenty of sites out there that will create a generic Scrypt coin for free.

I would suggest you offer your traffic to existing projects in exchange for rewards.
Click to expand...
My traffic will only buy it because that coin is mine, so we can call that coin memecoin or shitcoin whatever.
 
it is also not that difficult to create a social network
what is difficult is to attract interested people, clients, engagement and people attracted by your project
 
This YouTube video could help you a lot. Explains how to do it from zero.
 
salamalatala said:
Hello BHW,

I am totally noob into programming, but I have seen that you can create your cryptocurrency with a couple of clicks and like 100-200$ investing in it? Is it really that easy?

Cause I have a finance traffic that is ULTRA HQ, I am now selling different stuff from crypto but they are willing to invest in finance so much money, So I was thinking about creating my cryptocurrency and promoting it? Will my plan work: I create my token, for example 1 000 000, I get 500 000 for me, 500 000 in liquidity, and when they invest for example 100k USD, I can sell my tokens or?
Sorry for my stupid questions but I am totally noob to it. Any advice will be precious!
Thank you!
Click to expand...
That liquidity example is not correct. You need to research on how liquidity works.

Also nobody is going to invest if there is a developer wallet (you) that holds such a large percentage.

You either create a utility that works for the people and then make some money down the road, or you are just looking to rug pull someone which is not cool.
 
You can hire someone on bhw to make a token for you. It is going to be a tough process to get initial users for the coin.
 
How are you going to contribute to people welfare using your new coin ? If you do not have an answer, stop thinking about new coin.
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Networking Downloads

Marketplace

Content / Copywriting Hosting Images, Logos & Videos Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design Misc

Making Money

Affiliate Programs Hire a Freelancer Making Money Pay Per Click Site Flipping

BlackHatWorld

BHW Merch Forum Suggestions & Feedback Introductions Lounge Dispute Resolution

Other

Domain Name Forum IM Journeys Web Hosting Newsletter
Back
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features and essential functions on BlackHatWorld and other forums. These functions are unrelated to ads, such as internal links and images. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock