Is Everyone can create a Coin and share it in a famous Crypto Exchange?

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Assalam-o-Alaikum Steemians !

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I'm @moneyster, a professional level Cryptocurrency investor and an analyzer. As usual, today I thought to share another Crypto-related experience with you. I hope this article will be considerably beneficial for all the Steemians in this community

Is everyone can create a Coin and share it in a famous Crypto Exchange?

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When we talk about Crypto Coins, it is not easy to create such types of coins for everyone as they need more space in many ways. Because there should be a Blockchain for creating a Coin through it and there should be a method to validate transactions of this coin.

As an example, If someone needs to create a coin name (A), he first needs to create a Blockchain to run this Coin and there are a lot of much more complex methods on this process.

Furthermore, listing on a famous Crypto exchange is another complex task as many famous exchanges have limited their coin listings to a certain level with different rules. As an example, if we need to list our Coins in the balance, we have to keep a minimum daily Transaction amount for this Coin. This can be millions of dollars per day.

General Idea of Coin and Token in Cryptocurrencies

When we talk about a Coin, it is totally dependent on its own blockchain and the blockchain owners are the same as these coin owners. Therefore, this system has its own method to validate their transactions. As an example, most of the blockchains are processed by miners in the network.

If we talk about Tokens, it is quite different when we compare it with Coins. Here the token does not depend on its own blockchain. Because tokens are created on some other blockchains such as Ethereum Network. Therefore, some of the popular blockchains have introduced a great method for this process and it is known as smart contracts.

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Main Difficulties that we have to face when creating a Coin

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When we need to create a Coin, we have to create a blockchain like I described earlier. So, creating a blockchain is not an easy task as it needs a huge amount of funds and knowledge. Also, we have to find a lot of investors to do the initial coin offering of these coins. Even if we have all of those things, we have to list our coins in a popular exchange such as Binance, Huobi, and Polonix. For that, we have to keep our daily transactions to a certain level and it depends on each requirement provided by the exchange.

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At the same time, as I said in my previous article, we should remember that all the indicators and strategies are not efficient completely as nothing we can find 100% efficient in the world. So, we should depend only on these strategies and indicators to confirm our trading opportunities.

I have studied the below-sourced articles to study these topics further, and I have explained all the above facts in my own words and experience.

• Source 1

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