Wondering! How to make a shitcoin? Especially when people are taking advantage of the growing but uncontrolled cryptocurrency market in various ways, ranging from quick cash grabs to outright scams. Why, then, wouldn’t you? Cryptocurrency creation is no longer limited to blockchain specialists and computer programmers. Now, anyone can accomplish it! Even you.
We will use the Waves and Algorand platform today, although several systems make currency creation completely easy. To be certain, however, Waves is a legitimate platform, and many of the coins made with it are not shitcoins. I am unable to highlight this in detail. The Waves team is making tremendous progress toward expanding blockchain technology for the common person.
Waves allow you to generate your coin for around $10 in less than 15 minutes. The platform is indeed both a blessing and an evil. Now, let's get going.
Create a Waves account
Go ahead and visit the Waves Online Client first. There are two accessible right now, but I suggest attempting the beta. It’s practically flawless and user-friendly for a beta.
Once you click “Get Started,” select your avatar and create a strong password. Please ensure you’re happy with your pick because you can’t alter it afterwards. I’m happy to report that I’ve located one that resembles me exactly.
See the similarity?
You can restore your account after setting it up. You should do this if you plan to launch an official initial coin offering (ICO). Put your 15-word passphrase on paper and save it somewhere safe and private.
Alternatively, stick it on some sticky notes next to your computer. Whatever suits you. Enter your passphrase again, click “continue,” and you’ll be done! Alright, nearly. Waves will ask you to verify some sophisticated legal paperwork before letting you.
But avoid wasting your time reviewing the annoying details—we need to develop a shitcoin. Select all the checkboxes and press “Confirm and Begin.”
Fund your account
We’re in business now. On the platform, creating a coin costs one wave. It’s excellent that you previously owned a WAVES card! All you have to do is give up a little portion of your wealth for the greater good.
If not, you must use their decentralized exchange to trade for WAVES after transferring some money. There are many fund depositing options by which you can easily deposit funds such as Zcash, Litecoin, Ethereum, or Bitcoin.
Payments in US dollars and euros are also accepted but must be approved. It is a great choice if you want your initial coin offering to have an audit trail.
Once your money has been transferred, go to the exchange and swap it for a minimum of one WAVE, which is the cost of creating a coin.
Make your Shitcoin
The good times are about to start. The WAVES network manages all the time-consuming work of producing your coin, although you still have authority over some aspects, prominent among which is the name.
Interesting Name and Description
Try to come up with a catchy name for your coin. Make it appear for making the trip to the moon or the horizon. Anything like Apollo or Quantum is a sure thing.
Next, write a catchy description for your shitcoin. A lot of phrases like “obnoxious,” “solid bookkeeper,” and “blockchain 3.0” should be included because 2.0 was so 2017.
Token Number
Set the total amount of tokens after that. The more the merrier, especially when it relates to this. Let’s say you wish to raise $100,000,000. One billion coins at $0.10 for each or one million at $100 each are your two options. You should have started at $0.10 when the powerful one hits $10,000 and takes Bitcoin down.
Additionally, consider it from the perspective of your ICO’s investors. Which would you prefer: paying $10 to receive 100 coins or paying $10.00 to receive 1/1000 of a coin? The solution is plain and simple.
Reuseable
Additionally, you have the option of making the coin reusable or not. Trust your instincts on this one.
Decimal Points
Finally, choose how many decimal points your coin will have. You can get a nice random number generator from Google to aid with this section. Once you’re done, click “Generate,” verify your information, and it’s done! Your unique shitcoin is now yours to keep. However, your work is not yet finished.
CREATE A WEBSITE
It could be the most crucial section. If a shitcoin isn’t aggressively promoted, what good is it? Create a website first using a drag-and-drop website creator, such as WordPress. You must have some form of this as your main background in anything you do. That’s the only thing I can think of when I picture a real internet.
Promotion
Now, tell everyone how your shitcoin has the potential to be the new Bitcoin on every forum, Reddit, Facebook group, etc., that you can find. It becomes more and more true the more time you say it. Those who will be “kicking themselves for passing on to this great opportunity” need to be made to feel a little fear of missing out. Obviously, anyone trying to call you out could be Funding.
Funding Strategies
Numerous methods exist for gathering donations and awarding your coins for your initial coin offering (ICO). You can collaborate with a service provider to organize it directly using your website, post an order for selling on the Waves DEX, or tell investors that you will deliver them tokens after they pay you. You have the option.
Whitepaper
“How about a whitepaper, though?” Great question, but I’m a nerd. In any case, barely anyone reads those. Copy and paste sections from a portion of your top picks if you truly want one.
Ico
You now have everything you need to launch your very own shitcoin and manage an effective initial coin offering (ICO).
Making a Shitcoin Using Algorand
Make a Pera wallet and add about fifteen ALGO to it (Roughly $5 US dollars). You can use any additional ALGO wallet besides the Pera wallet, accessible on iOS and Android.
Step Two: Creating the Algorand Standard Asset
Go to algodesk.io and link the wallet there. The box below will appear when you select the “create asset” button in the upper right corner. Complete the necessary fields and validate the purchase on your wallet. (This cost is about one ALGO). Cheers! You can now proudly call your own ALGO ASA home.
Step Three: Providing Liquidity
What should you do now that you have this new coin in your wallet that few people know?
- Go to tinyman.org, Algorand’s greatest DEX, and follow the instructions below.
- Connect your wallet; pick the pool tab; click “create pair”; choose Algo (your new ASA); you’ll need to look for it and click the “hide unverified assets” box.
- Contribute as much ASA and ALGO as you like at this point to set the starting value; for example, if you contribute one ButtCoin and one ALGO, then one Butt equals one ALGO.
- You’re in luck—your ShitCoin is suddenly worth something.
- After waiting for roughly thirty minutes, visit tinychart.org.
- And take note, your ShitCoin is now valued and listed.
Step Four: Be A Millionaire
You’re done. That’s it. *On the document, you’ve now become a millionaire.
As a result, I founded ButtCoinASA and currently own one billion of them. Multiplying $1,000,000,000 by $0.0019 + 1.9 million USD will yield this amount. Even though it only has $3.00 in liquidity, I’ll still grab it because it appears in the green on the chart.
That’s right, guys and girls—you now possess your very own genuine Shit Coin. With it, what can you do? Share anything you’d like with your buddies, though.
- Give it to uninvited guests.
- Implement a system of benefits for your children.
- The possibilities are endless. If you’re skilled, you could develop it into a project with practical applications and earn some cash.
FAQs
Conclusion:
The purpose of this post is to show how simple it is to create a cryptocurrency. Scams and false information abound in the world. Kindly conduct independent research before finalizing any investment choices.