How much will it cost to launch my own cryptocurrency?

raman · Post time 4-9-2023 19:20:19

With ChatGPT 4, it has become immensely easy to create smart contracts and mine tokens on our own. But, I understand there are other costs involved too. How much does it cost overall if I have a lean team?

dharmendar · Post time 4-9-2023 19:44:27

It costs a fortune to build a cryptocurrency. If you are using developers your work will be faster. With Chat GPT you will not only be slow but also you will take a lot of time to figure out small mistakes.

gopal · Post time 4-9-2023 19:57:06

Token Development costs somewhere around $70k.

harsh · Post time 4-9-2023 20:06:56

It depends on a lot of cases, factors, and scenarios. L1 blockchain and token would cost more than $100k. Tokens built on other blockchains are cheaper and cost less than $25k. There is also price variation in places where you want special features. Further, there is a cost of getting certified with known crypto audit agencies like Certik or any other competent agencies.