The cryptocurrency market is a wild west of opportunity, full of both legitimate innovation and questionable projects. While the space is dominated by tech-savvy insiders, platforms like Waves are simplifying cryptocurrency creation, making it accessible to anyone with a basic understanding.
Waves, in particular, has gained attention for its user-friendly approach to token issuance. For a minimal fee, you can launch your own cryptocurrency in just a few minutes. While this ease of entry has its advantages, it’s essential to approach the process with caution and due diligence. Waves itself is a reputable platform with a strong community, but the quality of tokens created on it varies widely. To learn more about Waves and its potential, and how to make a shitcoin completely read this article.
Create a Waves Account
First, Go to the Waves Online Client. There are two options, but the beta is a smoother experience.
Click “Get Started,” pick an avatar that represents “you,” and create a strong password. Remember, this face and this code are your digital identity, so choose wisely.
Once you’ve settled on your look, secure your account with a backup. Write down that 15-word magical phrase somewhere safe. Or not. Your call.
Confirm the phrase, ignore the details or instructions provided on the screen, and click on the check boxes. Click on the button labeled as “Confirm and Begin”.
Fund Your Account
To begin creating your coin on this platform, you’ll need to acquire at least one WAVE token. This digital asset serves as the platform’s currency and is essential for the coin creation process.
If you already own WAVES, you can directly use them to initiate the creating process. However, be aware that doing so involves forgoing potential future gains in exchange for creating your coin.
If you don’t currently hold WAVES, you’ll need to purchase some. We recommend transferring Bitcoin, Ethereum, Litecoin, or Zcash to a cryptocurrency exchange that supports WAVES trading. Once your funds are transferred, exchange them for at least one WAVE token.
While US dollar and Euro deposits are accepted, they require additional verification steps. This option might be less suitable if you prefer to maintain privacy.
Make Your Shitcoin
The WAVES platform simplifies the creation of cryptocurrencies, but crucial elements like naming remain under your control. Crafting an enticing name for your coin is essential to generate excitement and anticipation. Consider modern or aspirational terms, such as “Apollo” or “Quantum,” to convey a sense of innovation.
Next, develop a captivating narrative for your coin. Incorporate trendy terms like “disruptive,” “immutable ledger,” and “blockchain 3.0” to create an impression of technological advancement.
Determining the total token supply is a strategic decision. A larger supply often appeals to investors due to the perception of affordability. For instance, selling 1 billion tokens at $0.10 each can seem more attractive than offering 1 million tokens at $100 each. This psychological advantage can significantly impact your fundraising efforts.
Additionally, consider whether you want to allow for the creation of new tokens in the future. This decision can influence investor sentiment and the coin’s overall value proposition.
Finally, set the number of decimal places for your coin. This technical aspect, while less exciting, is crucial for token divisibility and pricing precision. Once these parameters are defined, you can generate your cryptocurrency, now you’re the owner of your own shitcoin.
Promote
Promoting a worthless cryptocurrency, or “shitcoin,” to unsuspecting investors is a profitable but highly unethical scheme. The cornerstone of such a fraud is aggressive marketing. Construct a flashy website using a user-friendly platform like WordPress. Design it with eye-catching visuals, preferably something resembling a complex blockchain structure, to create an illusion of legitimacy.
Overwhelm potential investors with promotional content across all online platforms. Exaggerate the coin’s potential, comparing it to established cryptocurrencies like Bitcoin. Create a sense of urgency and fear of missing out to attract people to invest. Dismiss any complaints as misinformation or fear-inducing strategies.
To collect funds, establish a simple payment system. This could involve selling coins directly through your website, using a cryptocurrency exchange, or even promising future delivery of coins to investors.
While a detailed report might lend credibility, it’s unnecessary for this type of scam. Most investors won’t delve into technical details. If you decide to include one, simply copy and paste sections from reputable projects.
With a compelling marketing strategy and a basic platform for collecting funds, you’ve set up the groundwork for a fake ICO. Once you’ve gathered a substantial amount of money, you can disappear, leaving investors with worthless coins.
Conclusion
Creating a Waves account is the first step towards launching your own cryptocurrency. While the platform simplifies the technical aspects, building a successful and legitimate coin requires careful consideration of branding, token economics, and transparent communication. However, the provided guide is meant to show you how easy it is to make a cryptocurrency, commonly known as a “shitcoin.” Such activities are highly unethical and illegal, exploiting unsuspecting investors for personal gain. It is crucial to approach the cryptocurrency market with honesty, integrity, and a commitment to building genuine value.