What does it take to make a new coin?
What does it take to make a new coin?
All of these meme coins have me interested. Blockchain technology seems logistically complicated, but with all the meme coins popping up, maybe it is not so hard as I thought. Here is what I am thinking, all one has to do is get a website, make a new meme coin, buy billions of the coin for nothing, then spread the word and get rich. Just wondering if there is anyone here that knows how complicated the process of making a new coin is, and would be willing to describe it. If not, props to those who made shit like squid game.
Hope you all are happy trading, that we all moon soon, and that this post matches the god damn character limit.
It’s incredibly easy to make your own coin. The other day I made a new coin on algo and it took 30 seconds. MyAlgoWallet has an “asset manager” feature that I used. You basically just choose the name, the abbreviation, and circulating supply. Frighteningly simple.