How to Create a Shitcoin and Become a Millionaire?
A Step-by-Step Guide
I lost my job two weeks ago and couldn’t find a new one. I’m trying to occupy myself with other things. One that clicked in my mind is “what if I make my own coin?”
1. Create a Pera Wallet (It’s available on iOS and Android). Fund it with 20 ALGO — that’s like $6.
2. Go to Algodesk, connect your wallet, and click on “create asset”. Fill in the required information.
Since this is a pure shitcoin, let’s name it “LUNAA”.
3. Now, confirm the transaction in your wallet by paying some fee (about half an ALGO).
Congratulations, you’re now the proud owner of LUNAA.
4. Provide liquidity so that the world knows about it. Go to any Algorand DEX and create a pool of LUNAA/ALGO pairs.
You can add as much liquidity as you want. If you add 1 ALGO and 1 LUNAA, then 1 ALGO = 1 LUNAA.
Let’s say, you add 1 million LUNAA and 19 ALGO. Then, each LUNAA will have some value now.
5. Wait for a few minutes and you will be able to see LUNAA listed on Tinychart.
6. You’re done. You are now a millionaire. You own 1 billion LUNAA, and each coin has some value. However, you cannot cash it out because it has only $5 worth of liquidity.
But, hey, it will look green on the charts. So, maybe someone can take it.
Maybe, I need a job to keep my mind elsewhere.
This is not a piece of financial advice at all :)