The cost of maintaining your own cryptocurrency
Maintaining and developing your own cryptocurrency requires significant costs:
1. Development - from $50,000 to $500,000 for the creation of blockchain and infrastructure.
2. Marketing and promotion - from $20,000 per month for advertising, PR and listing on stock exchanges.
3. Development team - from $10,000 per month for salaries for programmers.
4. Legal services - from $5,000 for registration, licenses and compliance.
5. Cloud services - from $1000 per month for
hosting nodes and servers.
6. Security - from $3000 per month for code audits and protection against hacking.
7. Updates - from $20,000 for major protocol upgrades and hard forks.
8. Rewards - payments to miners/validators for maintaining the network.
9. Office and infrastructure - rent, equipment and other expenses.
10. Unforeseen expenses - reserve fund for force majeure.
Total costs can reach millions of dollars per year depending on the size of the project.
What costs did you think would be involved in maintaining your own crypto?
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