How to develop your own crypto asset: from idea to launch

Introductory Thoughts on Cryptocurrency Issuance

Many enthusiasts in the crypto space dream of having their own crypto project. The only question is where to start and how much effort it will require. In fact, there are several paths to its realization, and each has its own advantages and challenges. The complexity and cost directly depend on how ambitious your plans are.

What is the difference between coins and tokens

First of all, it is important to understand the basic terms. When it comes to the issuance of cryptocurrency, there are two main types: coins and tokens.

Coin is a crypto asset that operates on its own blockchain network. A classic example is Bitcoin or Ether on the Ethereum network. Such coins have an independent infrastructure and usually serve for paying fees, staking, or voting in the network.

Token is an asset deployed on an already existing blockchain. It does not require its own network, functioning within, say, Ethereum or Binance Smart Chain. An example can be CAKE from PancakeSwap – it operates on BSC but does not have its own blockchain.

Practically speaking, creating a token is significantly easier and cheaper. It can be developed in a matter of minutes using ready-made tools. In contrast, a coin requires deep technical knowledge, a team of developers, and substantial time investments.

Comparison of Two Approaches to Issuance of Crypto-Assets

Which networks to choose for your project

The most popular platforms for token issuance are Ethereum and Binance Smart Chain. They offer the ERC-20 and BEP-20 standards respectively, which are supported by most wallets.

If you need higher speed and lower fees, you should pay attention to Solana or the Polygon ( sidechain Ethereum ). Each of these networks has its advantages: Polygon is cheaper, Solana is faster, and Ethereum is the most decentralized.

To create your own coin with a blockchain, you will have to choose between a public, private, or consortium option. Public networks ( like Bitcoin) allow anyone to participate, while private ones provide more control to a specific organization.

What to consider before launching

Define the name and purpose. Cryptocurrency should have a clear goal. Is it a means of payment? A key to a service? A representation of an asset?

Develop a tokenomics. This is the economic model of your project. How many coins will be issued? How will they be distributed? What is the initial value? Incorrect tokenomics can make even a good idea unviable.

Study the regulatory environment. Different countries have different rules regarding crypto. Some prohibit it entirely. Do not neglect legal advice.

Practical Guide: 7 Key Stages

Step 1: Select the technical platform

For a token, the choice is simple: Ethereum, BSC, Solana, or Polygon. For a coin, you will have to design or order the development of your own blockchain.

Step 2: Choose the consensus mechanism

For the own network, it is necessary to determine how participants will validate transactions. Proof of Stake (PoS) is more ecological and less costly. Proof of Work (PoW, like in Bitcoin) – is more expensive, but considered more secure.

Step 3: Design the architecture

Will your blockchain be open to everyone? Or only to selected participants? This choice affects decentralization and control.

Step 4: Start development

If you lack knowledge, hire specialists. Mistakes at this stage will be costly. Be sure to test on the test network before the issuance.

Step 5: Conduct a security audit

Companies like CertiK check code for vulnerabilities. This costs about 15,000 dollars, but provides security assurance to users and investors.

Step 6: Final Legal Verification

Before officially launching, consult a lawyer to see if you need special permits.

Step 7: Issue your asset

Tokens with a fixed supply are usually issued all at once. Coins are gradually released as they are mined or block validated.

How to Create a BEP-20 Token in Practice

If you have decided to start with a token on Binance Smart Chain, here is a simplified scheme:

1. Install MetaMask and add the BSC network
2. Go to Remix – the online smart contract editor
3. Create a new file “BEP20.sol”
4. Insert the ready BEP-20 code with standard implementation
5. Change the parameters: name, symbol, number of decimal places, total issuance
6. Compile contract (
7. Deploy on the network ) through MetaMask, paying the gas fee.
8. Verify the code on BscScan for transparency
9. Use the “mint” function for token issuance
10. Add liquidity on DEX for trading

The entire process takes a few hours and costs between 50 and 200 dollars in fees.

Listing on Exchanges

When your token is ready, it can be attempted to be listed on larger exchanges. Binance, for example, accepts applications for Direct Listing or Launchpad. The process is lengthy and requires regular updates of information. The competition is high, and approval is not guaranteed yet.

Less popular exchanges may be more lenient, but the audience is also smaller.

How much does it cost to create a cryptocurrency

The cost varies depending on ambitions:

• Simple token on BSC: 50–200 dollars (only fees)
• Token with marketing and community: 1000–5000 dollars
• Serious DeFi project: 10,000–50,000 dollars
• Own blockchain coin: from 100,000 dollars and years of development
• Professional code audit: ~15,000 dollars

Conclusions and Recommendations

Creating a cryptocurrency is an achievable goal, but it's not easy. A token on Ethereum or BSC can be made for money. However, for the project to be successful, it requires not only technical implementation but also a strong community, good tokenomics, and an innovative idea.

Study successful projects, understand what made them popular, and adapt for your cryptocurrency. Don't rush – proper planning saves time and money at the launch stage.