Launching your own crypto project and your own token can be a complicated process. But our experts will tell you what steps you need to take to get the results you want.

Determine the purpose of your token: Before creating a token, you need to determine its purpose. Will it be used as a utility token or security token? Will it be used as a means of payment or as a store of value?

Choose a blockchain platform: You will need to choose a blockchain platform to host your token. The most popular platforms are Ethereum, Binance Smart Chain, and Solana.

Create a whitepaper: Your whitepaper should outline the purpose of your token, its technical specifications, and the use cases for it. It should also include information on the token distribution and any fundraising events.

Choose a token standard: You will need to choose a token standard such as ERC-20, BEP-20, or SPL. These standards dictate the rules for the token’s behavior and functionality.

Develop a Smart Contract and Deploy: Once you have decided on the token standard, you will need to develop a smart contract that defines the token’s behavior on the blockchain. The smart contract code contains the rules and logic of the token, including the token supply, distribution, and transaction rules.

Deploying a smart contract can be a complex process, and it is important to have a good understanding of the underlying technology and best practices. It is recommended to seek guidance from experts in the field and to thoroughly test your contract before deploying it to the mainnet. Our crypto marketing agency “Crypto Upvotes” can help you with smart contract development. This code will include the logic and rules for your token or application.

Marketing to attract investors: 

• Develop a Clear Value Proposition: Clearly articulate the value of your token and what problem it solves. This should be the foundation of your marketing message. 
• Build a Strong Community: Engage with potential investors and supporters on social media and community platforms. Provide regular updates on the progress of your project and encourage participation.
• Create Engaging Content: Produce high-quality content, such as blog posts, videos, and infographics, that educates and informs your target audience about your project and the benefits of your token.
• Participate in Crypto Events: Attend and participate in conferences and events in the crypto space to showcase your project and network with potential investors and partners.
• Leverage Paid Advertising: Consider using paid advertising companies such as Banner Ads on crypto platforms and MEDIA worldwide, Influencers Ads, or social media advertising such as Twitter promotion, Instagram promotion, Discord DMs to investors, WhatsApp DMs to investors, Telegram DMs to investors to reach a wider audience and increase awareness of your token.
• Engage with Crypto Media: Order press releases or sponsored articles in cryptocurrency-focused media to talk about your project and token. This can help create ads and increase visibility for your project.

Marketing and promotion for crypto project

Promoting and marketing crypto tokens requires a deep understanding of the target audience and crypto ecosystem. It is important to focus on building a strong community and providing regular updates on the progress of your project. Additionally, it is recommended to seek guidance from experts in the field to ensure that your marketing efforts are aligned with best practices. Our crypto marketing agency “Crypto Upvotes” can help you with this. We have many services to attract investors to your project. We can also draw up an individual marketing plan specifically for your project.

Launch the token: Once you have completed the previous steps, you can launch your token on the blockchain. Select the launchpad on which you will launch your token. You will need to distribute the tokens to investors, create a market for them, and comply with any regulatory requirements. 

Launching your own crypto-token requires technical knowledge and a lot of experience. It is recommended that you consult with experts in the field to ensure that you are following best practices and complying with all legal requirements. Our crypto marketing agency “Crypto Upvotes” will help with any problem. From developing a smart contract to listing a token on crypto exchanges. Contact our experts for the best advice and services.

Launch of a new cryptocurrency, attached to Australian dollar exchange rate on Ethereum blockchain, scheduled for mid-2023. Crypto-Upvotes expert review

National Australia Bank (NAB), one of four major Australian banks, has created an AUDN stablecoin on the Ethereum blockchain. It will be attached to the rate of Australian dollar (AUD), according to Australian Financial Review. Banks plan to launch this coin in mid-2023.

The goal of creating AUDN is to allow bank customers to make real-time blockchain-based settlements in Australian dollars, the NAB said. AUDN can also be used for a number of other purposes, including carbon credit trading and repo transactions.

NAB also intends to use AUDN for low-cost international transfers. According to the bank, the technology will avoid using the SWIFT system. And reduce dependence on complex and costly relationships with correspondent banks when sending money abroad.

For at least three months AUDN will not be available to customers. Because while the bank under the supervision of regulators is conducting internal testing. Including transfers between subsidiaries and branches.

AUDN is not the first stablecoin to be pegged to the Australian dollar. 9 months earlier, Australia-New Zealand banking group ANZ Bank issued the A$DC (“A dollar DC”) coin. Also Novatti payment system created the AUDD stablecoin on Stellar blockchain. And Ettle has launched AUDE token on Ethereum and Algorand.

There are also stablecoins linked to Australian dollar exchange rates such as AUDT, XAUD, AUDRamp and TrueAUD. Volumes of these cryptocurrencies are minimal.

Last month, Reserve Bank of Australia Governor Philip Lowe said that regulating stable coins should be a priority and should be treated the same as bank deposits. Our experts note that Australia is also actively developing legislation and introducing technology for other digital assets. For example, in the middle of last year, Australian Gold Coast Mayor Tom Tate proposed accepting cryptocurrency in payment of municipal taxes.

NFT collection from Warner Bros. Discover was sold on the first day of trading for more than half a million dollars. Crypto-Upvotes expert review

The NFT collection, collectively titled Game of Thrones: Build Your Realm, was based on the Game of Thrones series. It was sold out on the Nifty Marketplace within the first seven hours of the start of trading. The tokens, presented by media giant Warner Bros. Discover, went on sale the evening of Jan. 10 for $150 each.

Each NFT is a “box” with an avatar of a character from the series. And which can be used in virtual world created based on the work. Also, the NFT includes additional attributes for “boosting” heroes. After purchase, the “box” can be opened or left unopened to save, trade or sell it intact.

During presale, 3.45k NFTs became available with a limit of one token per Nifty account. Then another 1,500 NFTs went on public sale a few hours later, with a limit of two additional items per account. Fifty NFT were retained by project authors for further events, free giveaways, and other promotional purposes.

The total amount of sales of NFT from this collection from the beginning of trading was $564 thousand according to the analytical platform CryptoSlam. Only two tokens were resold more expensive than the original price: for $200 and for $176. The current minimum token price (floor price) is 0.061 ETH.

Visa is using a proposal from Ethereum developers. It will allow automatic pre-scheduled payments from non-custodial crypto wallets

Visa has developed a blockchain-based autopay solution. A document published by this company details a new concept based on Account Abstraction (AA) technology from Ethereum developers. It will allow the implementation of automatic pre-planned payments using smart contracts in non-custodial users’ wallets.

Account Abstraction technology was proposed back in 2016. Since the core Ethereum network does not yet support AA. Therefore, VISA implemented its solution in StarkNet, a second-tier blockchain built on top of Ethereum blockchain. The account model in StarkNet just uses AA technology.

Whereas normal accounts check if a transaction is correctly signed for a specific address. With StarkNet, they simply verify that the transaction is coming from a given address. In addition, the introduction of Visa’s concept into this blockchain has not only enabled the deployment of a new auto-payment feature. But also increased transaction throughput.

Visa notes that it sees autopay as a key functionality that the existing blockchain infrastructure lacks. And it invites interested companies working in this area to work together on projects in the field of programmable payments.

Our experts note that payment companies from traditional financial industry this year began to actively develop projects related to blockchain and cryptocurrency. Also at the end of September, SWIFT and Chainlink oracle network announced joint work on a blockchain project. This project will allow traditional financial companies to conduct transactions on a platform that supports almost all blockchains.

Bybit announced about obligatory KYC procedure for customers to buy cryptocurrencies for fiat money and transactions with NFT. Crypto-Upvotes expert review

Crypto-exchange Bybit will limit the number of services that can be available to users who have not passed the verification procedure. Platform announced changes in KYC policy, as well as the introduction of new withdrawal limits.

KYC is currently required to access Bybit Launchpad and Earn products. Also for credit card payments, trading on P2P service of the exchange and transactions in certain currencies.

Starting December 15, verification will be required on the platform to purchase cryptocurrencies for fiat money and through One-Click Buy and P2P services. The KYC procedure will become mandatory for all NFT purchases and for NFT resales over $10,000. Mandatory user verification for input, withdrawal and purchase of NFT on primary market will be required from December 30.

Bybit may further expand KYC requirements in near future, the exchange said in a statement.

In addition to the new verification rules, from December 15 the platform will change the withdrawal limits. For example, without KYC-checking the daily limit for withdrawal of assets will be 20 thousand USDT, the monthly limit – 100 thousand USDT. Until December 15, only daily limit of 2 BTC is set.

Founder of Telegram announced plans to launch a decentralized platform for trading digital currencies. Our experts told us how successful this project could be. And whether its development will be hindered by regulators

The next step in development of Telegram is the creation of decentralized tools. Including cryptocurrencies, as well as decentralized cryptocurrency exchanges, Pavel Durov said on November 30.

“This is how we can correct the mistakes caused by excessive centralization, which has failed hundreds of thousands of cryptocurrency users,” wrote the head of Telegram.

He explained that the blockchain industry was built on the principle of decentralization. But it turned out to be concentrated in the hands of a limited circle of individuals abusing their power.

“As a result, many people lost their money when one of major crypto exchanges FTX went bankrupt,” Durov recalled.

He said the solution to the problem is for blockchain projects to return to decentralization. And users should switch to transactions and wallets that do not depend on any third party.

The founder of Telegram said that he and four other people launched a decentralized domain name auction platform Fragment in five weeks. It is based on the blockchain platform TON, which Durov called fast and efficient enough to host popular apps. At the same time, Durov criticized Ethereum, calling it outdated and expensive, even after the latest global network upgrade.

“Fragment is amazingly successful. In less than a month the platform has sold $50 million worth of user names. This week Fragment will go beyond user names,” Durov said.

How will regulators treat Telegram cryptoexchange?

In terms of resources and the existing experience of Telegram team in developing TON project. Creation of such a project as a decentralized exchange and cryptocurrency wallets seems realistic, our experts believe. However, the current global trend in regulation of cryptoassets turnover is tightening and streamlining of control requirements.

Since details of this project and specifics of functioning of announced project are not disclosed. At the moment, it is difficult for our experts to assess how it will meet the requirements of the legislation of different countries.

What are the future prospects for this Telegram project?

Decentralized crypto exchanges are difficult to regulate because they are essentially not companies. Therefore, it is legally possible to prohibit such exchanges, but it is more difficult to limit their activities. Our expert stressed that liability in case of using such exchanges from the legal point of view does not apply to their creators. It extends more to ordinary users in each specific transaction.

Our experts admit the possibility that the launch of this site may be timed to the lifting of SEC ban. Which is imposed on Durov until July 2023 because of the attempted launch of the TON platform with the participation of investors from USA.

Most likely, the new DEX exchange will not be connected to Telegram in any way. Except for simplified authorization and a number of mechanics. Otherwise, they are definitely two different products.

What risks will ordinary users face when using a new DEX exchange from Telegram?

Most likely, DEX exchange will be created on TON blockchain. The main advantage of a decentralized platform is that it does not store users’ cryptocurrency. The exchange only brings together buyers and sellers of digital financial assets, without intermediaries. And users do not need to open an exchange account for such transactions – transactions are made from investors’ wallets.

That is, there is no risk of losing their funds if the exchange decides to block them. As, for example, happens now with the centralized exchanges, which go bankrupt.

The only risk of participation in transactions on the decentralized exchange is the risk of losses due to delays in price updates. And you will need to pay a commission for transactions on that DEX exchange.

Huobi to issue Dominica Coin, approved by government of the island state of the Commonwealth of Dominica. Review by Crypto-Upvotes experts

Crypto exchange Huobi announced plans to launch the world’s first national token in honor of Commonwealth of Dominica. In cooperation with blockchain Tron Network and DMC Labs and with the approval of the island nation’s government. Dominica Coin will be launched on Tron Network.

The Commonwealth of Dominica is a state on the island of the same name in the Lesser Antilles in the Caribbean Sea. The area of its territory is 751 km², and its population is about 75 thousand people. Official currency is the Eastern Caribbean dollar. It is used in 8 countries of Organization of Eastern Caribbean States (OECS).

Project Huobi will also include the launch of the Dominica DID. Both Dominica DID and DMC will initially be issued on the Tron network. Because it has become Dominica’s national blockchain infrastructure. In the future, the developers plan to make the DMC token interoperable with Ethereum, BSC and other networks via the BitTorrent Chain protocol.

How to get DMC ?

DMC will be released on Huobi Prime. In addition, exchange will hold an airdrop of DMC tokens (giveaway). And it will also include a Dominica DID application for each registered user.

Users will be able to create Soul-Bound Tokens with Dominica DID on the Tron network. An SBT or non-transferable token is a type of NFT asset that is issued in a single instance and is tied to a specific blockchain address. In Metaverse Dominica, SBT holders will be entitled to digital citizenship of this metaverse. At the same time, they will be able to claim passports issued by the Dominica government. Which allow their holders visa-free access to more than 130 countries and regions around the world. Including EU, Switzerland, UK, Singapore, Russia, Brazil and Hong Kong.

Just like TRX and USDD tokens, DMC will have legal status in the Commonwealth of Dominica and can be used as a means of payment in that country. It will be used as a native token in the Dominica metaverse

Computing power of BTC mining equipment also began to decline. In addition to profits of miners, hashrate of network fell by 13% during one month

Bitcoin mining profits have fallen to their lowest in two years, with BTC mining profits totaling $11.6 million on Nov. 26, according to Blockchain.com. Miners last earned less than this amount on November 2, 2020, on that day they received $10.9 million at a BTC exchange rate of about $13,700.

Falling profits for miners come amid the steepest decline in bitcoin since 2018. On November 28, BTC is trading near $16,200, down 76.5% from its all-time high.

In the last 24 hours, 131 blocks of Bitcoin were mined, the reward of miners at the current rate was $13.2 million. Most of the blocks (34 units) were mined by miners connected to the Foundry USA pool. AntPool (25) and Binance (19) followed by F2pool (16) and ViaBTC (12).

Bitcoin network hashrate (the total capacity of all mining equipment connected to the network) declined. On November 2, it peaked at 273 Eh/s and fell by 13% to 237 Eh/s during the month. Decrease in computing power means that some of equipment was switched off by miners.

In addition to falling BTC price, a negative factor for mining cryptocurrency was also an increase in the complexity of its mining. On November 21, this indicator renewed its all-time high and rose to a record 36.95 T. Our experts note that next change in mining complexity should occur around December 5.

Crypto-Upvotes experts explained reason of the last fall of BTC price. And told how it can change in coming days

Last week from November 21 to 27, BTC updated its yearly low. High volatility on crypto market was observed at the beginning of this week. Bitcoin sales intensified on news of the possible bankruptcy of Genesis. Which had $175 million hanging in the collapsed FXT exchange. The BTC/USDt pair was down to $15,400.

BTC price did not go lower. The sales were stopped by a representative of Genesis. He said that company continues to negotiate with creditors and does not plan to declare bankruptcy in the near future. The Wall Street Journal reported that billionaire Justin Sun is considering options for the acquisition of certain FTX assets. This news backdrop formed a nice session bullish trend on the intraday charts. Also, the cryptocurrency market received support from the weakening U.S. dollar in forex. As well as the growth of stock indices in the U.S. before the release of the minutes of the U.S. Federal Reserve meeting on November 1-2. Bitcoin rose 8.6% to $16,800 in 53 hours.

Buyer activity was halted by news that Genesis had hired a restructuring consultant to explore all options, including bankruptcy.

On Thursday low activity on all world exchanges can be explained by day off in the USA. Markets in the States did not work because of the national Thanksgiving holiday. On Friday, trading was at the level of $16.5 thousand.

As long as there is no negative news, Bitcoin is trying to climb out of the hole Sam Bankman-Fried sent it into. Fear of a possible collapse is keeping investors from active action. Buyers need to pass $17.15k and $18.5k for the FTX exchange collapse to recede into the background.

No factors for BTC growth

After shocks associated with the collapse of FTX, the crypto market is frozen, waiting for new factors for movement. Most likely, there will be no strong changes. Bitcoin now trades at $16.2k, the same dynamics is expected in the next (range $16-16.5k). In the absence of negative news, of course, because there is no positive news to expect.

Level of $18.5k is the key resistance level. Its overcoming will open the way for buyers to $22.5k. Also it will allow many miners to accumulate BTC and not to sell at low prices. Sellers are still set to bring the market down to the $10-12k zone.

The most important event this week is the report on the US labor market in November. As the cryptocurrency market has decoupled from the S&P500. Then it can ignore the price swings of the dollar and the S&P500 after the report is published. If Bitcoin reacts to U.S. statistics. Then again we can look at correlation and stronger correlation with other risky assets.

There will likely be more reports of problems in the crypto industry this week. Even if not as significant and large as with FTX. For example, it is now known that the ecosystem of decentralized finance and stable dUSD coin Ardana. Which is based on the blockchain Cardano, has announced the suspension of project development. Because there is now uncertainty about the funding and timing of this project.

The next negative report is that cryptocurrency lender Matrixport is looking for $100 million in funding. Lead investors have already committed $50 million to the company, but the deal has not yet been finalized. As Matrixport needs to find those who will close the other half of volume.

Conclusion

There are no factors for growth of digital financial assets. Main thing is that there are no new ” Black Swans ” – poorly predictable negative events. In this case, Bitcoin will remain at the level of about $16.5k. However, if there are new reports about difficulties on cryptocurrencies, it can fall to $14-15k.

Scotland Yard cybercrime unit has tracked down phone scam suspects after examining cryptocurrency payments. Review by Crypto-Upvotes experts

Analysis of Bitcoin transactions helped British police arrest more than 100 people, according to Metropolitan Police. In the largest scam operation in the country’s history. Which was conducted by Scotland Yard, was dismantled site iSpoof and caught the suspects of telephone scams.

iSpoof allowed scammers to impersonate tax officials and banks. This included Barclays, Santander, HSBC, Lloyds and others. Phone scammers tried to trick people into giving up money or providing confidential information. For example, disposable bank account access codes. iSpoof disguised phone numbers to make it appear that scammers were calling from a trusted source. With iSpoof, scammers paid in Bitcoin.

The average loss, among those who complained of fraud, was £10,000. It is believed that in total victims of scammers lost tens of millions of pounds. Whereas iSpoof scammers made almost £3.2 million in 20 months. According to police, more than 200 thousand potential victims in Britain alone were attacked through the site. In one year, iSpoof made about 10 million scam calls around the world.

Operation to identify this criminal group was carried out by the cybercrime unit of London Police with the assistance of Europol, FBI and other law enforcement agencies. Investigators began their investigation in June 2021. They collected information from the iSpoof website, and initially the circle of suspects was 59,000 people. So they began tracking only those UK residents on Bitcoin transactions. Who spent at least £100 in Bitcoin on this site.

A wave of arrests followed in the country, and information about other suspects was passed on to law enforcement colleagues in Netherlands, Australia, France and Ireland.