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Category: Crypto Exchange

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Craft Your Coin: A Step-by-Step Guide to Creating Your Cryptocurrency!

Craft Your Coin: A Step-by-Step Guide to Creating Your Cryptocurrency!

Welcome to the Cryptocurrency Creation Chronicles! 🚀 Ever fancied the idea of minting your own digital fortune? You’re in the right place! Our blog takes you on an exhilarating journey through the intricate world of cryptocurrency crafting. From unraveling the mystery behind blockchain to the thrill of witnessing your ideas materialize into digital coins, we’re here to guide you. Stay with us a bit longer; there’s a wealth of knowledge coming your way. Curiosity piqued? Keep exploring, and soon, you’ll have the keys to your very own crypto kingdom. The adventure begins now! Introduction In the rapidly evolving landscape of digital finance, cryptocurrencies have transcended their niche origins, thanks in no small part to Bitcoin’s groundbreaking popularity. Yet, the world of cryptocurrency extends far beyond the realms of Bitcoin and Litecoin, holding a promise of innovation and financial transformation that few can fully grasp. Picture this: your very own digital currency, seamlessly integrated into the fabric of everyday transactions, reshaping businesses and rewriting the rules of commerce. It’s not just about Bitcoin; it’s about a revolutionary shift where trade able cryptocurrencies are poised to eclipse traditional concepts like coupons, cashback, and even multi-level marketing strategies. So, are you ready to redefine your understanding of financial possibilities? Are you prepared to explore the limitless potential of your own cryptocurrency? Join us as we navigate the fascinating terrain of digital finance, breaking down complexities and guiding you through the steps that will transform your vision into reality. Together, let’s step into the future of finance and craft a world where your unique cryptocurrency becomes a beacon of innovation and prosperity. Smart Contract Token Vs Mineable Cryptocurrency In the vast landscape of online courses, everyone seems focused on tokens. But let’s be clear, tokens and real coins like Bitcoin and Litecoin are worlds apart. Here, we don’t just teach you to create a token; we empower you to craft your very own cryptocurrency universe. Discover the freedom to develop your mining pool, explore new horizons with your explorer, and design your wallet without relying on Ethereum or Stellar.  Token Cryptocurrency Woes: Actual Cryptocurrency Advantages: Ready to break free from token constraints? Join us and transform your crypto aspirations into a thriving, independent cryptocurrency reality! 11 Steps: Creating Your Digital Currency, Step by Step 1. Cryptocurrency and Blockchain – Vision Creating a new cryptocurrency is like launching a startup; it requires vision and planning. To craft your coin’s purpose, think about the problems it will solve and how it benefits people. For example, if you aim to combat environmental pollution through tree planting, your coin can represent tree ownership, and fruit proceeds go to coin owners. When people want to sell a tree, they sell the coin. Prior to coin development, understand blockchain basics, and pay attention to calculations, hardware, and coin components. Explore these concepts further through optional videos. Your vision is the foundation for building your mineable cryptocurrency. 2. Plan Your Cryptocurrency Once you have a clear vision for your cryptocurrency, it’s time to create a plan. Planning your cryptocurrency means deciding how it will work. Think about Bitcoin, for instance. It has specific rules like a maximum of 21 million coins, mining rewards, halving every 4 years, and its symbol, BTC. Similarly, Litecoin and Ethereum have their own rules. Just like these coins, you’ll need to figure out the rules and details for your cryptocurrency. This plan will include things like how many coins there will be, how people can earn them, and what your cryptocurrency will be called. The parameters you must consider when developing your mineable coin are listed below. 3. Taking care of Source Code Blockchain is like a computer program, and it comes with its own code. The cool thing is that many blockchain platforms, like Bitcoin, Litecoin, Ethereum, and others, share their code on a website called GitHub. You can think of it as a big library for computer code. When you want to make your own mineable cryptocurrency, you have to decide what kind of computer code it will use. For example, Bitcoin uses a code called SHA256, and Litecoin uses one called Scrypt. Instead of creating all the code from scratch, it’s often smarter and faster to take the code from GitHub and change it to make your own cryptocurrency. It’s a bit like using a recipe to make a delicious meal but adding your own special ingredients to make it unique. You can get the code and resources you need from a specific website to help you create your cryptocurrency. 4. Generating Genesis Block of your mineable cryptocurrency Every Blockchain Application’s genesis block is the first blockchain. And your cryptocurrency is nothing more than a blockchain app. When creating the Genesis block for Bitcoin, we must generate three Genesis blocks. There are three Genesis Blocks. These three genesis blocks can be created with C++ source code. You can also use an existing Python script to build this genesis block. However, constructing the above three Genesis blocks in C++ and Python script may take a significant amount of time and resources. We designed a little web application to simplify the process of constructing three genesis blocks. Please use this URL to visit this web application and produce a Genesis block for your Mineable Cryptocurrency. 5. Coding – How to create a Mineable Cryptocurrency Coding is a tricky part of making your own mineable cryptocurrency. Here’s what you need to do: I can’t explain every single detail here, but there’s a course on Udemy that can help you with all the steps to create your own cryptocurrency. It’s like a guide that walks you through the process step by step. 6. Building your own Cryptocurrency Creating your own mineable cryptocurrency involves a few technical steps. First, you compile the coin using a program called a C++ compiler. Then, you make a special file that can run on computers using Windows or Linux. To do this, you need to install some necessary tools on your computer. After that,

Launch Crypto Currency Exchange – Business Model

Launch Crypto Currency Exchange – Business Model

What’s the best business to get started and to earn millions of revenue. There are many like e-commerce , cloud based software like DropBox and many more. But the hottest topic and best business with least competition is the Crypto Currency Exchange. Exchange like Binnance , Poloniex have shown the potential of Crypto Currency Exchange and there is still a lot of space for growth for different players. What is Crypto Currency Exchange. Crypto currency exchange is a platform where user can exchange different crypto currency. It’s just like any other stock exchange like Bombay Stock Exchange or New York Stock Exchange. Difference is instead of companies share , crypto exchange are used to trade the Crytpo Currency. Basically there are 3 Broad categories of crypto Exchange Crytpo Currency Exchange against Crypto Currency – (Don’t Require much of Government Norms) Crypto Currency Exchange with Fiat Currency – (Need to Follow every Government Norms and Compliance’s) Peer to Peer Crypto Currency Exchange 1st and 2nd exchange are almost same , we will discuss them here. While Peer to Peer Exchange is altogehter a different topic we will discuss that in our later blogs. Which Currency Exchange to Launch We are considering first 2 type of exchange for comparison. Crytpo Currency Exchange against Crypto Currency.  – Crypto to Crypto exchange don’t require any type of banks or payment processing unit.All the deals are done in crypto currency. Since Crypto Currency don’t come under any law , this type of exchanges are bit of relaxed. If you have a good user base or you can acquire them only on the basis of your Crypto Model , crypto to crypto is good for you. In Crypto to Crypto Exchange it’s very difficult to establish trust and it take much more to time get popular among crypto users. Crypto Currency Exchange with Fiat Currency . – Crypto to Fiat has to obey all the compliance since Bank Payment processing is involved. Any fault in accomplices may lead to blocking of bank account. But positive thing is that users even the new users trust this type of exchange since it gives them an because of an  security from Government which is always welcome by every one. You can decide the type of you exchange you want depending upon the norms in your country or country of majority of your exchange user base or targeted user base. Features for Crypto Currency Exchange (Must Have) User Login and Registration Coin Info Page of All Coin Listed Place Buy and Sell Orders Chart Candles Stick and Custom Graphs One or More Market like Bitcoin or ETH Transaction History of Individual Users Market History Net Volumes , Price and Percentage Change Wallets and Address of Each Currency 2FA Security Profit Analysis Referral System User KYC Most Important Support Tickets Notices and Notifications Deposit and withdraw of Currencies. Profile and Password Update FAQ How Many Currencies to Be Listed in Crypto Exchange Many crypto currency have 100’s of currency in the market. But they have come over there over  a period of time. It’s not a good idea to list 100’s of currencies on the day 1 of launch. Reason is pretty simple Cost to run full node of each currency on our VPS is very high. Bandwidth require to maintain the code is very high , it may go upto trillion GB for 100 currency. Integration cost of all the currencies may go up to few thousand dollars. Best thing would to launch an crypto currency  exchange with 20-30 Currency and increase the number as exchange grows. What Currencies to Be Listed in Crypto Exchange Just like number matters ,  what currencies also matters. Listing all the high value currencies or low value currencies will create a problem. While deciding the currencies to be listed we need to consider the value and its acceptance and popularity. Listing all high value and popular currencies will drive away small investor. Their volume is blow but since the number of small investor are high , over all impact is much bigger. Consider both type of currency while making a list. Like Bitcoin Ethereum are high value and DOGE , SIA COIn are low value. Keeping such a mix will attract more users. Business Model for Crypto Currency Exchange Few assumptions are mentioned at the last of blog. Business model is based on those assumptions. Profit is very important , so is the investment. Lets understand how much investment is required for every year. Investment in Crypto currency Exchange. Here we have assumed , we are investing 2000 a month Sr.NO Description Amount Quantity Unit Year 1 Year 2 Year 3 Year 4 1 Development Cost 15000 1 15000 2 Server Charges 1000 12 Mon 12000 12000 12000 12000 4 Marketing Investment 1000 12 Mon 24000 24000 24000 24000 5 Maintained Cost 4500 4500 4500 4500 Total 55500$ 40500$ 40500$ 40500$ Yearly Revenue. Here we are assuming we are acquiring 1000 Users Per Month and Each user on an average will trade with 1000$ Per Month. This figure is very low and can be achieved easily. Another assumption is trading fees is very low 0.1% for Buy and 0.2% for Sale Sr.No Users Months Trading Volume($ USD) Trading Fees Year 1 Year 2 Year 3 Year 4 1 1000 1 1000000 0.15% 1500 19500 37500 55500 2 2000 2 2000000 0.15% 3000 21000 39000 57000 3 3000 3 3000000 0.15% 4500 22500 40500 58500 4 4000 4 4000000 0.15% 6000 18000 42000 60000 5 5000 5 5000000 0.15% 7500 25500 43500 61500 6 6000 6 6000000 0.15% 9000 18000 45000 63000 7 7000 7 7000000 0.15% 10500 28500 46500 64500 8 8000 8 8000000 0.15% 12000 18000 48000 66000 9 9000 9 9000000 0.15% 13500 31500 49500 67500 10 10000 10 10000000 0.15% 15000 33000 51000 69000 11 11000 11 11000000 0.15% 16500 34500 52500 70500 12 12000 12 12000000 0.15% 18000 36000 54000 72000  Total Revenue 117000$ 306000$ 549000$ 765000$     Profit in Crypto Currency Exchange

Listing Crypto Coin on Exchanges. How To Figure Out which Exchange

Listing Crypto Coin on Exchanges. How To Figure Out which Exchange

Techaroha helps with Listing Crypto Coin on Exchanges with the minimum possible fees. Below blog will help you to explore different exchanges and cost to list your coin on the exchanges. Note: All figures and Stats mentioned are as on date of analysis. This might have changed when you are viewing the article. References : https://poloniex.com/ www.binance.com Hitbtc.com https://yobit.net/   https://mercatox.com Stocks.Exchange BitRidex.com Cryptocrix.net     Brief Requirement of Study   To Study the Impact of coin on Different Exchanges To Find the best possible exchanges and list the coin To mention the risk , pros and cons  of Different Exchange Cost involved to list the coin and ROI   Service We need to Buy from Exchange Coin Listing Air Drop of our coins Emailing to existing Users Some assurance of Minimum Buy   General Analysis  – Importance of Exchange Main target to list the coin on exchange is To get more buyers of our coin. To Give worldwide exposure to our coin To get Listing in Coin Market Cap Let’s get directly to the quantitative analysis. See the table below Exchange Name Total Volume Low Volume Coin (Less than 0.001 BTC) Percentage of Total Poloniex.com 4000 BTC 3 < 1% Binance.com 154704 BTC 10 <1% HitBtc.com 40582 BTC 50 > 30% Yobit.net 3731 BTC 70+ >50% Mercatox.com 800 BTC 50+ >50% Stocks.exchange 32 BTC 100 > 60% BitRidex.com 250 BTC 3 >50% Cryptocrix.net Not Known 3 >80%   Above table clearly shows that  considering the exception of Poloniex and Binanace , it’s clear that Coin Listing in Big Exchanges doesn’t guarantees that coin will be purchase on huge volume. Even in very big exchanges there are coins which don’t have enough volume. Coin volumes mainly depends on following factor How much big is the community How much active is the development team How many places where coin is readily accepts as other form of payment How Strong is the technicalities of the coin. How strongly it’s being promoted and it’s being brought in the attention of Crypto Users. Time Taken to Grow on the Exchanges After coin is being listed on the exchanges , it’s not wait and watch. Lot of efforts need to put up to get the users attention. To do self sell and purchase and buy more coins , this needs to be done to pump up the rate. Coin dumping needs to be avoided to maintain the rates.Need to ensure private source code or heavy mining machine. Because Crypto Miners immediately start mining and sell them when the price is right. They may even start dumping the coin. After all the above steps are taken post listin the coins , lets see how much time is required to attend the organic 1 BTC Volume. Without our own pumpers. Time Taken By Exchanges to Reach 1 BTC Volume in Organic Way No Pumping by Founders Exchange Name Total Volume Time in Months Comments Poloniex.com 4000 BTC 3-4 Months No Guarantee but chances are high Binance.com 154704 BTC 3-4 Months No Guarantee but chances are high HitBtc.com 40582 BTC 6-7 Months No Guarantee. Chances are high if you by their other services Yobit.net 3731 BTC – No Guarantee Mercatox.com 800 BTC – No Guarantee Stocks.exchange 32 BTC – No Guarantee BitRidex.com 350 BTC 4-5 Months Guarantee if you buy Specific Package. Cryptocrix.net Not Known – No Guarantee   Above analysis clears that reaching volume is again off line work , it’s like promoting coin to international users. International Crypto Users are not fool to buy the coin , just seeing them on Exchange. Lot of other efforts are required , main in marketing and technical upgrade of coins on regular basis.   Pros and Cons of Exchanges Lets analyse the pros and cons of reference exchanges and see where we fit.   Exchange Total Volume Pros Cons Poloniex.com 4000 BTC High Volume , Listed on Cryptomarket , Good User Base Check  Criteria , many coins don’t fit here Binance.com 154704 BTC High Volume , Listed on Cryptomarket , Good User Base Check  Criteria , many coins don’t fit here HitBtc.com 40582 BTC High Volume , Listed on Cryptomarket , Good User Base Many coins are listed , No attention to small coins , high listing fee of upto 10-25 BTC Yobit.net 3731 BTC High Volume , Very High User Base , Listed in Cryptocompare Bad Support , Many Coins without Volume , No Attention to Small Coins Mercatox.com 800 BTC Average Volume , Average User Base , Listed in Cryptocompare Many Coins with 0 volume , No Support from Exchange related to Coin Boost Up. Stocks.exchange 32 BTC Listed in Cryptocompare Airdrop is cheap and can help to boost coin presence Many Coins with 0 volume, No attention to new or small coins. Airdrop is average BitRidex.com 250 BTC Average Volume , Great Support for Coin Pumping.Average User Base , Accepts private repository with additional payments Not listed in Cryptomarket will take more 4 months as mentioned by support team , Average User Base , Support response time is 24 Hour which is slow. Cryptocrix.net Not Known Cheap Listing in around 0.1 to 0.2 BTC. Good Support in 24 Hours. Withdrawal cycle every 6 Hours. Low Volume , Low User Base , Not listed in Cryptomarket   Understanding Exchange Fees Every Exchange has some good features and their fees is also high.Coin Owner needs to choose between the best available features and his requirement and most important is the budget. Below is the rough comparison of different exchanges in relation to Budget. Exchange Name Total Volume Fee Services Comment Poloniex.com 4000 BTC      0 BTC Only Coin Listing Coin’s don’t feet into Criteria. Binance.com 154704 BTC     0 BTC Only Coin List , Airdrop Coin’s don’t feet into Criteria. HitBtc.com 40582 BTC     10-25      BTC Coin LIsting , Aird Drop , Twitter Update Too Costly Yobit.net 3731 BTC     1.5 BTC Coin Listing , Airdrop If Not Listed 100% refund guarantee.

How to List Coin on Exchange and Crypto Exchanges

How to List Coin on Exchange and Crypto Exchanges

How to List Coin on Exchange and Crypto Exchanges Many Individuals , Teams and Organization are launching crypto coins with Block Chain Technology. The success stories of Sia Coin , Electronium , Ethereum is motivating many to launch their coin on Crypto Coins. Block Chain technology is must for launching coin and the credibility of Block Chain technology helps coin owners to make it acceptable to few in their circles. But the credibility of coins becomes global when its available for exchange on any of the crypto exchange. This is most difficult task where people are stuck in. Whats Required to List Coin on Exchange and Crypto Exchanges Listing on Exchange is not an easy task. Your coins have to pass on some small and very few critical criteria to be eligible for crypto exchange listing. Like some wants coin to be at-least one year old ,some don’t want coin to be pre-mine more than 10%  , some wants good records of ICO , some want good community support. Apart from criteria the  next constraints is fees.Some exchange charge very heavy fees for listing. Some exchange have voting system but that also require heavy investment for paid voting since paid voting is given more importance than free voting. How to Proceed to List Coin on Exchange and Crypto Exchanges First prepare a good draft of you coin information with atleast below details. Please ensure you are writing Aim and Coin base. Dear Sir, Please find the details of our coin , and please tell us the process to list our coin in your exchange. Aim : Aim of our coin Bitcoin was to replace the fiat currency which digital currency. The algorithm is design to safeguard the interest of individual involve in the transaction. Bitcoin is the public ledger ,in future its expected that it will reduce the usage of paper and will also reduce the corruption to high extent. 1. Name : Bitcoin 2. Ticker : BTC 3. Algo : SHA-256 4. Money Supply : 21,000,000 5. Minimum Commission : 0.001 5. Source : https://github.com/bitcoin 6. Founder Insta Mine : 0% 7. Coin Website : N/A 8. Bitcoin Talk : https://bitcointalk.org 9. Coin Logo : Find Attachment 10. Explorer: https://blockchain.info/ 11. User base: Million+ Users. Thanks & Regards Bitcoin Team (Never write your or your company name over here. Block Chain is all about team and decentrailization) Aim and User Base plays an important role. With good user base you can expect a good response from exchange. Please make sure you are not giving wrong values they will some how figure out with your explorer. Identify the Exchanges and Post them an email This is important task. Since if you go for very good exchange it may take an year to list the coin or finally they may not list our coin citing any reason. This will waster your lot of time. Other major problem with exchanges is that they may charge you very hectic fees that could have been used to bring users to your coin with good purchase often called as Pumping. To ease out your work Techaroha Team have identified few exchanges. 1. poloniex   https://poloniex.com/ If your coin is More than 1 Year Old and its have a very good avtive commuity then this is the best exchange for you. Its 100% free , they will list your coin only when they think its importnat and has good follower. Other way round is you must have good connect with management team , this can ease your work. Actually this last lineis true of any organization. 2. HitBTC   https://hitbtc.com It’s gaining lot of populairty with so many coin listed in the exchange. But its very very coslty they may charge you upto 10 BTC to list the coin in their exchange. If you have big pocket and want to be sure that your coin will work and willing to invest this exchange is for you. 3. Coinbase  https://www.coinbase.com/ You have good community and if you coin is listed in Gdax then this exchange is best for you. It will be an easy entry if your coin is listed on Gdax. 4. Bitridex https://bitridex.com/ If you don’t want to much invest in listing and want regular buys of your coin then this is the best exchange. They charge nominal fee for exchange listing. If have different offers to suit your need. Checkout in website or drop them a mail you can expect a response in max 3-4 Hours 5. Mercatox https://mercatox.com/ Mercatox is gaining popularity among small coins, if you can arrange for the voting specially paid voting or voting from active members you will have very high probability to list this coin one exchange. Techaroha team a Block Chain development company based in Mumbai(India) has experience block chain development team and can help you in all phases of coin development and then listing it on the exchange. Please contact us here if you want any assistance. To get the details of our service please go through the following link To Launch Cryptocurrency will please click here. You want help with ICO please click here.

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