Starting Your Own Cryptocurrency Project From Scratch

Starting your own cryptocurrency can be a daunting experience at first. In this article, we’re going to review the top three things you should keep in mind when starting your first project.

1. Planning and organization save thousands
2. Build a great product
3. Understand your financials

Planning and Organization Saves Thousands

A common issue I’ve found with most founders is they leap immediately from idea to execution without proper planning. Planning is more than simply writing down the details–it’s identifying the specific actions that will move your project forward through all stakeholders that touch it as efficiently and cost-effectively as possible.

For example, have you thoroughly mapped out your product’s utilities and token flow? Have you reached out to developers to ask them what should be prepared in advance? Have you tested the financials and identified a budget?

For most founders, the answers to the above questions are usually no. One thought process that has served me well is that of an “internal” and “external” customer. For example, I treat all of my vendors and suppliers the same way as I do customers. Why? Because my success depends on them. When planning, if I view my suppliers as customers and it’s my job to set them up for success.

Check out the full article to know more:?Starting Your Own Cryptocurrency Project From Scratch