How To Create A Cryptocurrency With No Coding Skills?

Cryptocurrency being the pioneer of financial freedom got many heads turned with individuals and organizations wanting to build their footprint in the new world of decentralized finance. But at the same time, cryptocurrency is also a hi-tech formula that overwhelms most, and the general idea is that to create cryptocurrency one must be a skilled coder, geeks as we refer to them more commonly. What about when I say that my dear reader is a fallacy? 

Have you ever come across the phrase no-coding crypto creation? I’m sure many of you haven’t. 

Hence, we’re here. Today we’ll talk about non-technical crypto creation, a dream for many organizations and individuals who wish to explore the DeFi world in all its raw form with a digital token of their own. 

What Do You Achieve When You Launch Your Cryptocurrency? 

Source 

Before starting the process, let me ask you why you want to create a cryptocurrency of your own in the first place. Well, I have some assumptions and these reasons have been recorded by several businesses and individuals who have created their own cryptocurrency in the past. 

Reason 1: FOMO 

Starting with that point, the fear of missing out is one major driver for established organizations to launch their own tokens. Looking at the upward curve of cryptocurrencies and the new promises it carry with them, it is only plausible for you to feel the need to take part in the market. And, what’s a better way to be a part of the market than having your own token out there? 

Reason 2: A Marketing Tool 

When you create cryptocurrency for your business, you get an all-encompassing marketing tool that can drive engagement and brand loyalty among your target audience. You can create your own coin and use it as a reward system, your CTAs a more dynamic rhythm. Once your audience finishes certain actions such as a purchase or referral sharing etc., they earn these tokens as rewards to use them later for discounts and other benefits. 

Reason 3: Building Your Own Decentralized Ecosystem 

This is a reason that has driven several gaming companies around the world to create a cryptocurrency of their own. By leveraging blockchain technology these companies successfully empowered gamers to own verified in-game assets that they can buy, sell or trade-in freely, or even establish decentralized marketplaces where they can trade these assets with one another. They create virtual metaverses to enhance the gaming experience like The Sandbox where gamers can buy virtual land (LAND) using the SAND token.  

Reason 4: New Revenue Streams 

A novel revenue model is like a dream forever. But this dream got its real shape only in the age of cryptocurrency. Now you can create crypto tokens of your own and raise funds through Initial Coin Offerings (ICOs) or even through simple token sales letting the public hold a stake in your company.  

Reason 5: Creating Tokenized Assets 

It gives you a way to tokenize real-world assets, another great revenue stream where you can make assets like real estate, art and others more accessible and affordable to all your audience. In these cases you can break down an asset into smaller tradable tokens, democratizing investment opportunities for people to invest and own, reflecting the very essence of a decentralized financial system. 

Within these 5 major points, I hope you’ve got your reason to create cryptocurrency. If not, I’m sure you can now add some more to your motivations and learn how to create cryptocurrency without having to worry a bit about your technical knowledge!  

Crypto Creation Guide For The Non-Techies 

Let us directly jump into the process here! 

Step 1: Choose A Blockchain Platform 

Choosing the right blockchain platform is not just the first step to this process but also an important one as this is going to be the base of your DeFi ecosystem that will define its security, speed, cost and regulations. From the chart provided above, you can get a clear idea of the different blockchain platforms that have historically been used by crypto enthusiasts and businesses who want to create crypto tokens to meet their business goals.  

Before you start a cryptocurrency project, take a close look at this chart and evaluate each platform while aligning the features with your goals to set the crux strong. 

Step 2: Select A Token Generator Tool 

Since tech savviness is not your forte, you must get help from a token generator to skip all the strenuous coding parts. You have a range of options for that while the most popular ones include: 

• Smithii 

• MoonDeploy 

• Bitbond Token Tool 

• Team Finance 

• Create My Token 

Nevertheless, do not confuse yourself with all the options. Before selecting one, ensure they have a user-friendly interface and the features you’re looking for. Also, as we keep saying, when it is online, always capitalize on the opportunity to gather as much information from reviews. 

Step 3: Define The Features Of Your Token 

Your token generator tool gives you the space to specify the key attributes of the token. To create cryptocurrency that serves your purpose and gives you a prominent space in the digital finance ecosystem you must begin by defining some of the key features: 

The Token’s Name: Make sure you put a catchy ring to it while defining your agenda.

It’s Symbol: Make it prominent, and relatable while aligning with the name.

Fix a Supply Amount: The maximum number of these tokens that’ll ever be.

Assign a Token Decimal: This helps you determine the divisibility and precision of your token, as in, the smallest unit into which the token can be divided. 

Depending on the token generator you selected, you can have varying options to define your new cryptocurrency. The more specifications you add, the more character you build for your token. Nevertheless, be mindful of what you’re specifying here since every detail in the crypto world can have different outcomes and change the journey of your token accordingly. 

Step 4: Build The Smart Contract 

Smart contract deployment has always been the coder’s job. However, here we’re strictly restricting the narrative to non-technical crypto creation. Hence, for this, you can select a no-code smart contract builder, an important cryptocurrency development tool, such as ApiX-Drive, GraphLinq, Bueno or Toolblox and start a cryptocurrency project for your new token.  

The best part about these platforms is that they provide you with a range of pre-built templates that can easily fit into your specifications and needs. All you need is a drag-and-drop tool to add your clauses, conditions and actions to define the logic of your smart contract. 

Step 5: Test  

With the same no-code deployment platform you will also find options where you can simulate the different actions and outcomes of your smart contract before moving to the launch. These simulations help you run the tests and find any probable bug that can affect the functioning of the contract and your token at the day’s end. Once you’re confident with all the functionalities, it’s time for the much-awaited Go Live moment! 

Launch Your Token 

It is as simple as clicking on the “Deploy” button on your smart contract builder tool! 

Connect your crypto wallet, MetaMask or whichever you’re using with the smart contract pay the necessary gas fees (transaction fees to execute smart contracts on a blockchain network) and have it running. 

Let your audience learn about the launch through various marketing campaigns and get your digitized token rolling in the market, making your dreams come true. 

As you create cryptocurrency of your own, with time you can integrate this asset into various applications or use it within well-defined DeFi projects. 

This not only gives you a new footprint in the crypto world but also comes with loads of opportunities to diversify your intent into the new world finance system.