Cryptocurrency Development Company

Typical Crypto Project Components

Crypto project concept and white paper development

Just as the construction of a solid house starts with design, the cornerstone of creating a new cryptocurrency is the concept. It’s the white paper with a detailed description of your idea, which will convince the investors that the demand for your coin or token will grow. This is the most complex document as it takes extremely long to draw and work out. Working on the concept usually covers the following:

• Selecting a base coin for a fork or a smart contract concept for a token
• Forming cryptocurrency characteristics
• Formalising the legal framework of the coin
• Describing product specifics and values
• Planning the initial offering
• Outlining a roadmap, i.e. the project development plan with key milestones on the timeline.

Legal matters

The most important development phase is forming the legal concept of the coin. It will help avoid many problems with regulatory authorities, including prosecution by the SEC and initiation of a criminal case. You will need to register legal entities, draw up legal documents (including the Legal Opinion), and open bank accounts.

Technological matters

At this development phase, the entire technological framework, engine, crypto wallets, promo website, and personal account are created. Here you need to decide whether it will be a coin with its own blockchain or a token on popular blockchain platforms (Ethereum, Cardano, TRON). We have written about the key differences between these approaches below.

Token sale or initial offering

The initial offering of a coin or token to the investors. The ICO development implies creating the investor account and large marketing costs aimed at attracting investors. This stage includes cryptocurrency promotion, advertising, and forming a community. You should run a blog on your website or social media channels. The fund generation volume depends on skilful marketing management. Conducting bounty campaigns also catalysed the coin’s evolution and popularity.

Since 2019, there has been a demand for initial exchange offerings (IEO). Generally, this event is handier as it doesn’t require creating an investor account, carrying out KYC verifications and other procedures as all of it falls within the crypto exchange’s responsibility. However, you will have to pay it for the IEO service. At the same time, exchanges set very severe requirements for candidate projects.

Getting listed on crypto exchanges, market making

Being present on 2–3 crypto exchanges where trading will be launched is one of the cornerstones of successful development of your cryptocurrency. At the very beginning, the trade volume may be poor or even zero. In this case, startups resort to market makers. By the way, Polygant also provides market making services.

Cryptocurrency Development Costs

Legal and Financial Matters in Cryptocurrency Development

Regulators worldwide are actively shaping the legal framework for cryptoassets, pushing businesses to align with evolving standards. Below are key recent updates and practices to keep in mind.

Updated Regulatory Actions & Trends

• In the United States, the SEC’s 2025 guidance clarifies that tokens may be classified as securities if they function like investment contracts — especially when marketed with profit expectations or centralized control.

• The SEC continues to apply the Howey Test framework to assess whether tokens qualify as securities, particularly when token issuance promises returns or profit sharing.

• In the United Kingdom, the Financial Conduct Authority (FCA) published Consultation Paper CP25/14 proposing that “qualifying stablecoins” be regulated as money-like instruments under its authority.

• The FCA also released CP25/15, which outlines a forthcoming prudential regime for firms doing regulated cryptoasset activities (to be codified via new sourcebooks CRYPTOPRU and COREPRU).

• Proposed UK rules require stablecoin issuers to hold 1:1 backing in low-risk, liquid assets, maintain reserve assets in trust, and meet capital minimums (e.g. GBP 350,000 for issuers).

• Under UK proposals, issuers of stablecoins will need FCA authorization, separate from e-money permissions, as stablecoins will be treated as distinct from traditional e-money.

• Globally, jurisdictions like the European Union (via MiCA regulation) and Hong Kong are also implementing stricter rules for fiat-backed stablecoins, including liquidity, reserve, and disclosure requirements.

• In the U.S., the GENIUS Act of 2025 has been passed to regulate payment stablecoins, aiming to introduce regulatory clarity at the federal level.

How Regulators Currently Classify Cryptoassets

While legal definitions vary, many regulators broadly separate crypto assets into three principal categories:

• SEC 2025 guidance emphasizes that tokens marketed as investments or offering profit sharing are likely to be classified as securities.

• Even utility tokens may be reclassified as securities if the marketing or structure suggests investment expectations.

• Security token offerings (STOs) require compliance with securities regulations, including registration, disclosures, and legal approvals.

Beware of the SEC

A proper concept and knowledge of the specifics of different jurisdictions are advantages that may help avoid a ton of problems. Issuing tokens in the United States or for the US market, be ready to become a target for the Securities and Exchange Commission. Below is the list of companies and their cryptocurrencies that have been involved in SEC-initiated litigation for 2023-2025:

Cryptocurrency Development Technology

Unlike regulatory authorities, developers only divide cryptocurrencies into coins and tokens, depending on the availability of a blockchain.

Coins (blockchain projects)

A coin is a cryptocurrency created from scratch and based on the dedicated blockchain, or using a fork of an existing coin, e.g. Bitcoin or Ethereum. Also, there is the term ‘altcoin’ (alternative coin) which means any cryptocurrency besides Bitcoin that had been the only blockchain-powered cryptocurrency until 2011.

Top 5 highest-capitalization coins (October 2025)

In addition to a blockchain, such crypto projects have a network of full nodes to support the protocol running, a tech team, and a community of users.

Polygant’s experienced developers have already crafted 11 coins of different complexity and are now working on two new coins. To create a cryptocurrency, we take a relevant source code, make the necessary changes, and compile it.

As a rule, cryptocurrency development process consists of 5 stages:

1. Terms of reference for the development of a system.
2. Compiling the coin core and wallet for Windows/Linux.
3. Deploying two primary nodes.
4. Creating a block explorer and mining pool.
5. Compiling mobile wallets for iOS and Android.

Tokens (utility and security)

A token doesn’t have its own blockchain and supporting nodes but uses a third-party coin’s blockchain. Most often, Ethereum’s blockchain is chosen to create tokens, though this function is provided in various blockchain projects, e.g. BNB Chain, TRON. Despite the fact that tokens are used as an internal currency or a means of access to a decentralized app/service, first investors try to purchase them for further reselling on crypto exchanges.

Top 5 highest-capitalization tokens (October 2025)

To create a token, we need to craft a smart contract and embed it in a blockchain. Take into account the peculiarity of ERC tokens on Ethereum: any operation there, whether issuing or transferring tokens, consumes gas—network fee—which costs a certain amount of ether. Thus, to make a transaction, the sender must have not only ERC tokens in their wallet but also ETH coins. And this is not always that convenient.

The development of a smart contract takes from one week and costs $1000–5000. The integration with web services and web wallet, as well as further token offering, are being worked out separately.

Our developers have 10 years of experience in both programming smart contracts for tokens and creating blockchain-powered coins. Contact us on Telegram to learn more about turnkey cryptocurrency development.

Cryptocurrency website

You will need to build a website that will clearly convey the value of your project to potential investors. What most projects stay with is a one-page structure which comes in very handy for awareness purposes. The main website and white paper language is English, but there are also often versions localised into 3–5 common languages. The website usually contains the following:

• General project info, white paper.
• Development team (5–7 key members). The more professional the team looks, the more funds you will be able to raise.
• Links to social channels or profiles (Twitter, Telegram, Facebook, Medium, LinkedIn). Most success factors depend on skilful community management.
• Section of investor personal account.
• Links to download a desktop, mobile, or web wallet; it is better to have all types at once.
• A list of exchanges and open markets where people can purchase your new cryptocurrency.

What an ICO is

An initial coin offering is an event during which a token or coin is presented to investors. Simply put, it is the issuance of a specific number of tokens or coins and an attempt to convince future investors to buy them for a more liquid cryptocurrency, e.g. BTC or ETH, at the price set by the creator. Quite often, ERC tokens are used in this context, as it is easy to program and deploy smart contracts in Ethereum.

Getting listed on exchanges

Once you have issued a cryptocurrency and sold some through your website, you may wonder where people will trade the new coin and how to expand the audience. To get new investors and traders interested and involved in active trading, you need your crypto to be listed. Before listing, the exchange will ask you to get through preparatory procedures:

1. Your project must have a live community with communication channels (e.g. Facebook, Telegram, Twitter, etc.).
2. You have to pay for the listing service, which costs from $1000 for little-known exchanges to $500,000 for popular ones. Moreover, popular exchanges want to add coins of only those projects that prove their worthiness.
3. You have to provide the experienced team that will integrate your project with the exchange.

Initial Exchange Offering (IEO)

Since early 2019, the initial exchange offering has begun to conquer the crypto market. At the same time, ICO and traditional listing haven’t gone anywhere, an alternative solution for cryptocurrency developers has just appeared. IEO is considered a hybrid of the ICO and listing, or a token sale held immediately on the crypto exchange. Here you only need to cooperate with a proper crypto exchange. Crypto project developers find many advantages in this model:

• The website doesn’t need to have investor accounts
• An exchange has a base of loyal users
• Traders and investors rush to buy a new cryptocurrency verified by the exchange
• An exchange acts as a partner in promotion, announcing the project on its channels
• The market entry and sales of developed cryptocurrency are accelerated.

Besides the ICO and IEO, there are other innovative solutions to facilitate cryptocurrency offerings: Security Token Offering (STO), Initial Airdrop Offering (IAO), Initial Fork Offering (IFO), Initial Miner Offering (IMO).

Want to get into all the nuances? Submit a request and we will explain everything in detail. Then together we will work out a strategy for developing a cryptocurrency from scratch and offering it on exchanges!

Need Cryptocurrency Development? Contact Us!

Looking to create your own cryptocurrency, token, or blockchain solution? Polygant offers expert development services tailored to your business needs. From conceptualization and architecture to deployment and ongoing support, our team ensures your project is secure, scalable, and ready for the market. Partner with us to bring your crypto vision to life.