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However, Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.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! продажа bitcoin The best thing you can do is not rush into anything. 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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. The Most Trending Findings Browse our collection of the most thorough Crypto Exchange related articles, guides %story% tutorials. Always be in the know %story% make informed decisions! Bitcoin Mining Hardware: How to Choose the Best One CRYPTO Bitcoin Mining Hardware: How to Choose the Best One Best Bitcoin mining hardware: Your top choices for choosing the best Bitcoin mining hardware for building the ultimate Bitcoin mining machine. Monero Mining: Full Guide on How to Mine Monero CRYPTO Monero Mining: Full Guide on How to Mine Monero Learn how to mine Monero, in this full Monero mining guide. What is SegWit and How it Works Explained CRYPTO What is SegWit and How it Works Explained Wondering what is ...