Here is a PRACTICAL SUMMARY,. STEPS to CREATE and REGISTER a TOKEN or CRYPTOCURRENCY. #BTCWhalesMoveToETH #FedDovishNow #ETHBreaksATH
Understanding that exact requirements may vary by jurisdiction (Country, Laws) and the chosen network; here are the necessary steps:
1-. CONCEPT and DESIGN
-. Define the token's purpose (utility, governance, access, reserve, etc.).
-. Choose the blockchain and type of token (ERC-20, BEP-20, SPL, etc.).
-. Define key parameters: name, symbol, total supply, divisibility (decimals), issuance and burning rules.
2-. TECHNICAL DEVELOPMENT
-. Create the smart contract with the necessary functions (transfer, approve, transferFrom, balanceOf, etc.).
-. Implement security measures: access control, limits, temporary pauses, unit tests.
-. Conduct a security audit (recommended) and tests on testnet.
3-. TESTING and AUDIT
-. Conduct thorough testing on testnets equivalent to the chosen mainnet.
-. Carry out an external code audit to detect vulnerabilities.
-. Review compliance with standards (for example, ERC-20) for interoperability.
4-. DOCUMENTATION and GOVERNANCE
-. Write a whitepaper or technical document and a LEGAL/FAQ version.
-. Define governance: how decisions are made, updates, funding provisions, reserve funds.
5-. COMPLIANCE and RECORDS
-. Verify regulatory requirements in your jurisdiction (securities, KYC/AML, securities registration if applicable).
-. If running a project with a utility token vs. security, identify if it could be subject to securities regulation and consult legal advice.
-. Consider third-party notices and compliance with data protection regulations.
6-. SUPPLY and DISTRIBUTION MANAGEMENT
-. Develop a distribution plan (ICO/IFO/IDO, airdrops, reserves, team).
-. Implement distribution mechanisms (vesting, unlocks) for team and collaborators.
-. Set up liquidity metrics if the token will be listed on exchanges.
7-. INTEROPERABILITY and TOOLS
-. Integrate with popular wallets and block explorers.
-. Prepare a listing plan for exchanges and/or P2P platforms.
-. Implement security functions: keys, account recovery, and price monitoring.
8-. LAUNCH and LISTING
-. Launch on the mainnet after the audit and final review.
-. Present on listing platforms and create initial liquidity (pools, backers, liquidity mining if applicable).
9-. AUDIT and CONTINUOUS MONITORING.
-. Monitor active contracts, security patches, and potential vulnerabilities.
-. Develop and execute a plan for upgrades and voluntary migration if improvements arise.