Hello
i feel shame when asking this but i am really confused . i see here is approx 1400 coins in market but i want to ask if i launch my own coin how i will get profit ? how i will manage development and other expenses ?
for example Sathoshi made bitcoins but i am unable to figure out does stoshi getting reward from it or maybe earning ?
please explain in details if you know near me there is lot of expense
If you create or launch your own coin you can have all the supply set to pre mined and take huge amount of the supply so if you sell it to other people by ICO and there is an exchange that listed your coin, the price will go up if more people wants to invest in your coin while you hold huge amount of that coin. you are already making money and you can just dump it. this is how developers make fast money and also the reason why i dont like pre mined cryptocurrencies.
You just said my mind.. It's really simple to be a millionaire if you can develop or get people to develop stuffs for you then list the token on exchanges.. You are made already.