Launch your own coin in 5 minutes without investment

How to create your coin in 5 minutes without investments and potentially receive an airdrop

The expert talked about a platform that allows you to launch your own coin.

In the modern world, creating your own cryptocurrency has become a fairly simple process that does not require significant financial investments or programming skills. Let's take a look at the platform that will help you launch your coin and discuss the earning opportunities available.

Please note: this article is for informational purposes only and is not investment advice. Cryptocurrencies are highly volatile assets that can lead to financial losses.

Every day, hundreds, if not thousands, of new meme coins emerge in the cryptocurrency market. Most of them do not receive the attention they deserve and quickly depreciate. However, sometimes there are "shots": a coin can increase in value by thousands of times in just a few days, bringing million-dollar profits to its creators, insiders, and lucky traders.

A recent example is the MOTHER coin, created in honor of Australian singer Iggy Azalea. Launched on the Solana network at the end of May, it increased in value by hundreds of times. When listed on the decentralized exchange Raydium, MOTHER was priced at around $0.0005, peaked at $0.24, and at the time of writing on ( July 18, 2024, it is trading at $0.03.

Such growth brought huge profits to some traders. For example, one user turned ) into more than $900 thousand, buying MOTHER coins as one of the first and selling a few hours after the listing. Another trader earned about $600 million, investing only $9 thousand right after the token was listed on the exchange.

In this article, we will explore the optimal platform for launching your own coin, the key factors for its success, and the possibility of receiving a bonus in the form of an airdrop.

Choosing a Platform for Token Issuance

There are many platforms for creating coins, but we will focus on one specific one - Pump.Fun. Here are a few reasons why it deserves attention:

Availability. Pump.Fun operates on the Solana blockchain, known for its low fees. The release of the coin on this platform will cost approximately $3. These are the only expenses necessary to create your own coin.

Moreover, if your coin has not succeeded, you can practically wind down the project with minimal losses. By being the first buyer of your coin, you can sell it on the same platform and recover your invested funds.

Potential airdrop. Although the project's developers have not made any direct statements about a future token distribution, the emergence of the platform's own coin is expected. This is mentioned in the first message of the official Pump.Fun channel on Discord.

Protection against insiders and scammers. Many users hunt for new coins in hopes of a thousand percent increase. Luck smiles on the few, but such cases do exist.

However, more often than not, the hunt for new coins leads to losses, usually due to insiders and scammers. The latter create hundreds of coins per hour on different networks, including Solana and, in particular, on the Pump.Fun platform. However, there are fewer of them on Pump.Fun due to the limited token programming capabilities.

For example, scammers who issue a coin may retain the right to block the ability to sell it at any time. Or impose a 99% "tax" on the sale of the coin. Or distribute part of the coins to their additional wallets and then abruptly dump all the reserves of the asset, crashing its value to zero.

The developers of Pump.Fun have implemented several mechanisms to prevent such scenarios. First of all, when creating a coin on Pump.Fun, it is simply impossible to add functions that give developers control over the code of the coin.

Secondly, on the initial page of each coin, the largest holders are displayed. Thus, the user can see if there are any suspicious wallets with a large volume of assets before purchasing a new coin.

The simplicity of token issuance. Pump.Fun has developed an intuitive interface for creating a coin, and the entire process takes less than a minute. To issue a coin, the following steps must be completed:

You will need a wallet that supports the Solana network. For example, Phantom is the most popular option.

On the wallet, it is enough to have a couple of dollars in the cryptocurrency Solana $3 Sol(. You can have more if you plan to invest in your coin.

You need to connect your wallet to the Pump.Fun website and click the "Start a new coin" button at the top of the screen.

The token issuance menu will open. Here you need to specify the name, ticker, description, choose an image for the logo. You can also add a link to the website and social media. This is usually an important factor for the success of the coin.

In conclusion, you should click create coin and confirm the creation transaction in the wallet.

After creating the coin

After creating, your coin will have its own page. On it, you will see the chart of the coin and its holders, and the latter will also be able to communicate in the chat. This is, by the way, a good indicator of the presence of a lively community around the asset. The chat for coins launched by scammers is usually empty.

On the page of your coin, there will also be the option to buy and sell it. And perhaps the most important indicator: bonding curve progress. This metric essentially reflects the capitalization of your coin. When it reaches ) thousand, and this indicator reaches 100%, Pump.Fun will automatically add your coin to the decentralized exchange Raydium.

Listing on Raydium is a turning point in the life of a new coin. If it has made it there, the launch can already be considered successful. However, immediately after being added to Raydium, the price of the coin usually drops - as holders were waiting for this event to take profits.

The further fate of the coin will depend on the development of events. Either those who bought the coin will get rid of it and switch to the next project, or new buyers will emerge, wishing to acquire the asset that has successfully passed the listing verification on Raydium.

It is worth noting that the success of the project largely depends on its promotion through social media. After creating a coin, it immediately appears on the main page of Pump.Fun. However, new coins literally appear every second. Therefore, it is unlikely that users will pay attention to your coin specifically.

However, if you have a community, the chances are significantly higher. A token that sees active purchases can make it to the Top of the Hill section. This is a special area on the main page of Pump.Fun, where the most active, price-growing coins are selected. If yours ends up there, it will greatly increase the likelihood of being added to Raydium.

How to Increase Your Chances of Receiving an Airdrop

The project has not directly announced a future coin distribution, and this is a good sign. It means that if the airdrop takes place, its distribution will not be heavily diluted due to the large number of participants. However, there is a possibility that there will be no coin distribution at all or that you will not be included in it. Unfortunately, no one can guarantee a definite profit from participating in the project.

If the distribution takes place, the following actions can be taken to increase the chances of receiving it:

1. Regularly use the platform. It is advisable to do this at least once a week. You can make small transactions for buying-selling coins. However, it is very important that the volume of transactions is adequate, at least $50-100. If you make trades for minimal amounts, you may be blacklisted and lose the opportunity to receive the airdrop.

2. Be sure to try launching your own coin. It's simple and practically free. It's better to do this several times.

3. It is essential to have at least $50-100 in the wallet balance, and part of it should be held in Solana cryptocurrency. Wallets with low balances are often excluded during token distribution.

Actually, to receive the airdrop, it will probably be enough for you to use the platform as a regular user. The only thing worth adding is: try not to lose money trading meme coins. Most of them are outright scams that devalue to zero within a few minutes after launch.