Enough, there’s been so much hullabaloo about the boom developed by the virtual currencies that the web has been overloaded with information on how you could earn more money by investing in these currencies. But did you ever think how cool it could be if you could create your personal cryptocurrency?

Never thought about it, right? It is time to think because in this post we are going to supply you a four-step guide on creating your personal cryptocurrency. Go through the post, and then see whether that you can do it for yourself or not!

Step 1 – Community
No, you don’t have to build a community like you do when you intend to rule social media. The game is really a little different here. You must find a community of individuals that you think would purchase your currency.

Once you identify a community, it becomes easier for you yourself to cater to their needs and therefore you can work towards building a stable cryptocurrency instead of going haywire with what you need to achieve.

Remember, you are not here to be a portion of the spectator sport – you’re inside it to win it. And, having a community of people who would want to invest in your currency is a good way to do it!

Step 2 – Code
The second important step is to code. You don’t necessarily need to be a master coder to generate your own cryptocurrency. There are many open source codes available on the market which you can use.

You can even go ahead and hire professionals who can do the job for you. However when coding, do remember a very important factor – blatant copying is not going to lead you anywhere.

You must bring some uniqueness in your currency to distinguish it from the ones that already exist. It has to be innovative enough to generate ripples in the market. This is the reason just copying the code is not enough to be on top of the cryptocurrency game.

Step 3 – Miners
The third, and the most important step in the process is to get some miners up to speed who will actually mine your cryptocurrency.

What this means is that you must have a certain group of people associated with you who is able to actually spread the term about your currency on the market. You need to have people who can raise awareness about your currency.

This will offer you a head start. And, as the saying goes – well begun is half done; miners can eventually lay the foundation of a successfully voyage for your cryptocurrency in the ever growing competition.

Step 4 – Marketing
Last thing you must do as part of the job here is to connect with merchants who’ll eventually trade the virtual coins which you have built.

In simpler words, you must market these coins in the battleground where real people would actually be interested to invest in them. And, this by no means is an easy feat.

You must win their confidence by letting them understand that you have something worthy to provide.

How can you begin with it? The simplest way to market your coins initially is to identify the prospective audience who knows what cryptocurrency is.

After all, there is absolutely no point in trying to market your stuff to individuals who don’t even understand what cryptocurrency is.

Conclusion

So, you can observe that creating a successful cryptocurrency is more about having the awareness about market trends, and less about being truly a hardcore techie or an avant-garde coder.

In case you have that awareness in you, then it is time to make a heyday while the sun shines in the cryptocurrency niche. Go on and plan building your own cryptocurrency by following these simple steps and see how as it happens for you!

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