Need your own cryptocurrency? We develop cryptocurrencies on a turnkey basis, both technically and legally. Do you need a coin with its own blockchain, a fork of a third-party coin, or a token on some blockchain? We will create any cryptocurrency you want, as well as develop the concept and white paper of your project. We will conduct its initial offering and get it listed on exchanges.
Launch your cryptocurrency with us – from idea to finished product, with technical support every step of the way.
Fill out the feedback form or write to us on Telegram.
2. Tell us about the project
Briefly describe the idea, goals and objectives you want to solve.
3. Let's discuss the details
We'll schedule a call to discuss your project in more detail and see how we can help.
4. Signing the contract
If we are a good fit, we sign a contract and move on to the next step.
5. Discovery phase
At this stage, we collect requirements and create a set of design documentation describing the future product.
6. Delivery phase
We develop the product according to the agreed-upon specifications. The work process is typically divided into 3-4 stages, each with clear completion indicators.
Feedback from our clients
When we planned to launch our token, we initially understood that influencers would be a key part of our promotion strategy. Therefore, we turned to Polygant for help. Their team has extensive industry experience and a deep understanding of how to effectively reach our target audience through partnerships with LOMs. They were able to identify and attract bloggers with huge audiences and the campaign was a huge success. I highly recommend Polygant to anyone who wants to harness the power of influencers in the crypto space.
Alex Kane
Finrex Token
Feel Free to Contact Us
Table of Contents
About Cryptocurrency Development
Issuing a cryptocurrency, launching an initial offering, and getting listed on an exchange are common milestones that crypto startups — together with development teams like ours — often face. At first glance, creating a cryptocurrency may seem straightforward, as if all it takes is hiring a few skilled programmers. But in reality, 99% of hastily launched tokens fail to gain traction, leaving their creators with nothing to show for their efforts.
Building a successful cryptocurrency that has the potential to attract investors, generate real adoption, and stand the test of time requires far more than code alone. It involves strategic planning, technical innovation, regulatory compliance, robust security, tokenomics, and marketing expertise — all working together as a unified effort.
True cryptocurrency development is a multidisciplinary process where blockchain developers, financial experts, product designers, and legal consultants collaborate closely to bring an idea to life. When executed properly, it can result in groundbreaking projects that not only bring financial rewards but also establish credibility and recognition in the blockchain industry.
In this guide, we’ll walk you through the major phases of cryptocurrency development — from typical crypto project components to cryptocurrency development technology. By understanding each stage, you’ll see why a professional approach makes the difference between another forgotten token and a project that achieves real growth and adoption.
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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
Concept and white paper development
This costs $5000–8000 and takes about a month.
Legal matters
This costs $8000–16,000 and takes several months. It can be done in parallel with arranging technological matters.
Technological matters: developing the coin protocol, deploying nodes, creating wallets and a website
This costs at least $50,000. It’s possible to save ~$15,000 if you issue tokens on the Ethereum blockchain; however, this may entail some inconveniences.
Token sale, initial offering
Token sale costs at least $50,000. For IEO, 10–25% of the collected funds must be paid to an exchange.
Getting listed on crypto exchanges
The cost depends on the ranking of an exchange on Coinmarketcap:
Top 20 ask for 300,000–500,000 USDT, selecting projects very carefully and requiring compliance.
Top 20 to top 50 charge 8–15 BTC.
Top 50 to top 100 charge 2–7 BTC.
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:
Subject to securities laws and regulatory oversight; issuance often requires registration or exemptions
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:
Date
Company (token)
Approx. funds raised / context
Outcome / penalty / status
27 Feb 2025
Coinbase, Inc. (COIN)
Major enforcement action filed earlier (2023)
SEC filed a joint stipulation to dismiss its civil enforcement action against Coinbase (Feb 27, 2025). (SEC)
28 Apr 2023
Coinme Inc. / Up Global SEZC (UpToken / UP)
Offer / ICO-era activity (millions)
Settled with SEC — cease & desist and civil money penalties (SEC order). Coinme/Up Global ordered to pay roughly $3.52M (Up Global) + $250k (Coinme) as part of the enforcement and undertakings. (SEC)
24 Feb 2023
ShipChain, Inc. (SHIP)
ICO ~ $27.6M (raised in 2017–2018)
SEC ordered cease-and-desist and civil money penalty $2,050,000; Fair Fund established for investor distribution; plan of distribution approved 2025. (SEC)
SEC found offerings were unregistered securities; settlement / disgorgement, civil penalty and prejudgment interest around $13M total (order and distribution processes). (SEC)
9 Feb 2023
BitClave PTE Ltd. (CAT)
ICO ~ $25.5M
SEC ordered disgorgement, prejudgment interest and civil penalties totaling roughly $29.34M; Fair Fund and subsequent disbursements to harmed investors (partial distributions announced 2024). (SEC)
Multistate & SEC settlement: Nexo agreed to pay $22.5M to the SEC plus ~$22.5M to state regulators (total ~$45M) and to cease offering the product to U.S. investors; various injunctive terms. (SEC)
13 Jan 2023
Unikrn, Inc. (Unikoin / UKG)
ICO / token sale (~$31M reported historically)
Settlement: civil money penalty $6.1M; Unikrn required to disable token and create Fair Fund for investors. (SEC)
Sep 2022 – onward (sentencing 2024)
The Hydrogen Technology Corporation (HYDRO)
Raised ~ $2.2M (HYDRO token)
SEC charged for unregistered offers and market-manipulation; final consent judgments required approx. $~3M in disgorgement/penalties; related criminal prosecutions led to jail sentences for executives (2024). (SEC)
Cryptocurrency Development Technology
Unlike regulatory authorities, developers only divide cryptocurrencies into coins and tokens, depending on the availability of a blockchain.
Coins (blockchain projects)
A coin is a cryptocurrency created from scratch and based on the dedicated blockchain, or using a fork of an existing coin, e.g. Bitcoin or Ethereum. Also, there is the term ‘altcoin’ (alternative coin) which means any cryptocurrency besides Bitcoin that had been the only blockchain-powered cryptocurrency until 2011.
Top 5 highest-capitalization coins (October 2025)
Rank
Name (ticker)
Capitalization ($)
Market price ($)
1
Bitcoin (BTC)
2.39 trillion
120,373.00
2
Ethereum (ETH)
541.34 billion
4,476.70
3
XRP (XRP)
182.49 billion
3.05
4
BNB (BNB)
110.83 billion
1,108.29
5
Cardano (ADA)
29.74 billion
0.858
In addition to a blockchain, such crypto projects have a network of full nodes to support the protocol running, a tech team, and a community of users.
Polygant’s experienced developers have already crafted 11 coins of different complexity and are now working on two new coins. To create a cryptocurrency, we take a relevant source code, make the necessary changes, and compile it.
As a rule, cryptocurrency development process consists of 5 stages:
Compiling the coin core and wallet for Windows/Linux.
Deploying two primary nodes.
Creating a block explorer and mining pool.
Compiling mobile wallets for iOS and Android.
Tokens (utility and security)
A token doesn’t have its own blockchain and supporting nodes but uses a third-party coin’s blockchain. Most often, Ethereum’s blockchain is chosen to create tokens, though this function is provided in various blockchain projects, e.g. BNB Chain, TRON. Despite the fact that tokens are used as an internal currency or a means of access to a decentralized app/service, first investors try to purchase them for further reselling on crypto exchanges.
Top 5 highest-capitalization tokens (October 2025)
Rank
Name (ticker)
Blockchain development platform
Capitalization ($)
Market price ($)
1
Tether (USDT)
Omni / Ethereum / Algorand / TRON / BNB Chain
83.8 bn
1.00
2
USD Coin (USDC)
Ethereum / Solana / TRON / BNB Chain / Fantom
26.9 bn
1,00
3
Wrapped Bitcoin (WBTC)
Ethereum / Near / Fantom / Polygon
4.8 bn
29,865.56
4
Dai (DAI)
Ethereum / Polygon / BNB Chain / Fantom / Gnosis
4.6 bn
0.9995
5
Shiba Inu (SHIB)
Ethereum / BNB Chain / Solana / Terra
4.6 bn
0.00000778
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:
Your project must have a live community with communication channels (e.g. Facebook, Telegram, Twitter, etc.).
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.
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.
What does the cryptocurrency development process involve?
Developing a cryptocurrency is a complex process that requires a professional development team and the use of cutting-edge technologies. It includes creating a blockchain protocol, developing smart contracts, configuring transaction processing systems, and ensuring user data security. The team must consider scalability, energy efficiency, and regulatory requirements. For example, launching a cryptocurrency requires not only technical expertise but also strategic planning to ensure the project meets user expectations.
What technologies are used in cryptocurrency development?
Modern blockchain technologies, such as Ethereum, Solana, and proprietary solutions, form the foundation of cryptocurrency development. The development team utilizes programming languages (Solidity, Rust), cryptographic algorithms, and decentralized data storage systems. Consensus technologies, such as Proof-of-Stake or Proof-of-Work, ensure transaction security. The technical infrastructure also includes API configuration for integration with websites and services, ensuring a user-friendly experience.
How to choose a team for cryptocurrency development?
Selecting a team is a key step. The development team should have experience in blockchain technologies, cryptography, and building scalable systems. It's important that the company has a portfolio of successful projects and can provide transparent information about its work. Check reviews on the company's website and ensure that the team is capable of adapting technical solutions to your needs, ensuring transaction reliability and data security.
What services do cryptocurrency development companies provide?
Companies specializing in cryptocurrency development offer a wide range of services, from creating blockchain protocols to integrating payment systems and developing website user interfaces. These services include smart contract audits, system security testing, and transaction optimization. Some companies also provide marketing and token launch consulting to attract users and ensure the project's success.
What does a typical project consist of?
A typical project consists of the following processes: development of a crypto project concept and white paper, the legal side of the crypto project, the technological component of the cryptocurrency, listing on crypto exchanges, and market making.