First, it is important to understand the difference between coins and tokens. Both are cryptocurrencies, but while the coin - bitcoin, litecoin, dogecoin - works on its own blockchain, the token lives above the existing blockchain infrastructure, such as Ethereum. Blockchain, in its simplest form, is a record of transactions made and secured by a network. So while coins have their own independent transaction books, tokens rely on core network technology to verify and secure transactions and ownership. In general, coins are used to transfer wealth, while tokens can be a "contract" for almost anything, from physical items to event tickets to loyalty points.
Tokens are often issued through a crowd known as the Initial Coin Offer (ICO) in exchange for existing coins, which in turn fund projects such as gaming platforms or digital wallets. You can also obtain publicly available tokens after completing the ICO - similar to buying coins - to make a purchase using the base currency.
The creation service will do the technical work and deliver the finished coin or token. For example, CryptoLife will actually create its own coin and all you have to do is enter the parameters, from the logo to the number of coins awarded for signing the block. (This means that when they are open for business - at the time of printing, orders are currently closed.) They even have pre-built templates that only require you to enter a name and symbol. The base price for this service is 0.25 BTC (since this writing 2002, $ 00) and in a few days you will receive the source code of your coin. WalletBuilders has a similar service from 0.01 BTC as well as a free trial.
The technical creation of a cryptocurrency is not actually the most difficult part of running a successful crypto project. The real job is to give your coins or tokens value, build infrastructure, maintain it and persuade others to buy it - even memecoins such as Garlicoin, Dogecoin and PepeCoin have developers and user-oriented teams to keep the technology stable. and the community involved. Many cryptocurrencies are unsuccessful, even legally questionable, because the ICO was not created in good faith or because the coin did not bring lasting interest. The term "shitcoin" exists for a reason.