How To Name Your Cryptocurrency & Blockchain Business
The number of cryptocurrencies in the world has grown from 66 in 2013 to a whopping 6044 as of July 2021. That’s almost a hundred times more than just a few years ago, and the numbers keep growing.
Many financial analysts claim this revolutionary technology will take over the current bank system in the future so creating your own cryptocurrency or starting a blockchain business can be a lucrative opportunity that’s not too late to catch.
However, with the competition rising, it’s harder to stand out from the crypto crowd and get publicity for your currency to take off.
Everyone remembers Bitcoin and Ethereum as the first cryptocurrencies on the market, but not many would recall Litentry or DAO Maker.
In order to find the best name for your cryptocurrency or blockchain business, you can use our Crypto Business Name Generator above.
We’ve also put together this guide on the best practices of naming your cryptocurrency or blockchain business.
20 Lucrative Crypto Business Name Ideas
To give you a taste of what’s possible with our Crypto Business Name Generator, here are 20 unique names that we’ve generated using keywords related to cryptocurrency.
If you’d like to give it a try, you can use words such as crypto, currency, coin, chain, pay, or money and gain inspiration from this clever search engine.
- Chain Pal
- Fusion Coin
- Honest Coin
- Infinity Currency
- Agile Coin
- Genius Coin
- Alpha Currency
- Freedom Currency
- Chain Bucks
- Fuel Currency
- Easy Coin
- Compact Pay
- Beyond Pay
- Chain Box
- Smart Coin
How To Name A Crypto Business
While physical products are easier to visualize for the customer, a cryptocurrency business is completely conceptual for the customer, in other words, your investors. This means that establishing a strong brand for your currency is crucial for successfully launching it.
If you want to gain early traction for your currency, you need to choose a name that speaks for itself and relates to the technology and business solution that you’re developing.
People should associate your vision with the name of your currency and it should be a name that’s memorable and easily recognizable.
Your cryptocurrency name shouldn’t be too serious either. This industry is challenging traditional financial systems such as cash and banking that are dominated by large corporations with official-sounding names.
In order to differentiate yourself, aim for lighter or even playful names that tech startups commonly use.
Let’s look at some of the earliest cryptocurrencies and those which were established later on with memorable business names.
The Best Names Of Real Cryptocurrencies
Ethereum was established in 2015, six years after the debut of the first cryptocurrency, Bitcoin. The Founder, Vitalik Buterin named his technology after a medieval scientific theory. He wanted his platform to be the underlying and imperceptible medium for every application as a decentralized protocol. In other words, like the ether that medieval scientists thought to fill space and carry all light waves. Though the theory of ether was disproved by Albert Einstein in 1905, Ethereum’s decentralized technology continues to prove itself successful.
Litecoin was launched in 2011, only two years after Bitcoin. It provided a much faster blockchain network which inspired the name: a lighter and faster version of the first cryptocurrency. After Litecoin, this trend has taken off in the names of new emerging blockchain technologies with hundreds of them named ‘coin’ referring to the pioneers of this industry.
Clearly, the simplest way to name your cryptocurrency even today is to name your USP and add the word coin to it. It makes your brand instantly recognizable as a cryptocurrency and helps catch the attention of your first investors.
Dentacoin is the only cryptocurrency created by dentists, for dentists. It’s a digital token and blockchain network for the dental industry to help dentists and patients share data and medical records, trade products and materials, and pay for procedures. If your cryptocurrency is the first of its own or has the potential to dominate an industry, a descriptive name like this can accelerate its success.
Change Our World
One of the most recently launched cryptocurrencies is called Change Our World, and you’ve probably guessed the reason why. The purpose behind this currency was to address the issues of transparency and traceability in the philanthropy space with a radically new tokenomics model.
Half of their daily liquidity charge will be donated to charitable organizations in an effort to circulate money back to society and fight its global issues. They’ve already donated $136,734 to the 100,000 Trees for Australian Brushfire Donations and their plan is to continue giving back to those most in need.
Dogecoin was famously started as a joke in 2013, named after the popular meme of the Shiba Inu dog. Despite its satirical nature, celebrities and billionaires like Elon Musk started investing their money in Dogecoin which has caused it to take off and make it into the Top 10 highest valued cryptocurrencies in the world.
Although you might not have celebrity connections to back you up on your launch (if you do, leverage them by all means), this example shows that technology doesn’t need to be taken too seriously and that great PR can take you far.
The Best Named Blockchain Companies
One of the biggest challenges for crypto investors is the lack of opportunities for cash investment. Coinme’s mission is to bridge this fintech gap and create a nationwide network of Bitcoin kiosks that accept cash investments. Using their app, you can store your investments in their e-wallet.
Coin me is an action word that is proven to work well with brand names across all industries. It’s also short and simple, and it capitalizes on the trending term ‘coin,’ positioning this app as a leader in its niche.
Mythical Games is a blockchain company created by veteran game and platform developers. They create games and online experiences using blockchain technology that helps verify scarcity and create a clean record of ownership over unique digital items. Their brand name draws in gaming fans which is their primary target audience.
Circle is an online money transfer and cryptocurrency investment platform. It makes it easy for friends to transfer money to each other in different currencies without exchange rate fees, using a simple text message. The name circle hints at the simple network of people circulating money between each other, as well as the intimate aspect of the app used between friends and family, who are your inner circle.
Civil’s mission is to support sustainable journalism through blockchain technology by helping journalists launch their own independently operated newsrooms. Their distributed tokens give journalists a stake in making decisions and appealing violations of the company’s constitution. The news published through Civil is on the blockchain, which means the stories can never be deleted or redacted to falsify information.
The brand name Civil aims at civil journalism, a democratic and non-hierarchical way of circulating information in society which their app makes possible. The word Civil also hints at the company’s positive values such as being courteous and respectful.
5 Lessons On Naming Your New Cryptocurrency Or Blockchain Business
Now that we’ve looked at the best examples of uniquely named cryptocurrencies and blockchain businesses, let’s see what are the lessons you can learn from them and incorporate them into your brand name strategy.
Capitalize On Cultural References
If there’s anything we can take away from the unexpected success story of Dogecoin is that cultural references still have the power to boost visibility for new ventures, even in the fintech industry.
If there’s a trend you can jump on that might get picked up by the media or influencers, it’s worth using it to your advantage.
Leverage Unique Positioning
After you read how Ethereum got its name, you will never forget the mystical story behind this successful cryptocurrency.
If you have a unique story or a revolutionary idea behind your company, make sure you capture it in a simple business name that reminds people of its origin.
Speak To Your Industry
If you’re a dentist, it’s probably no question for you to pick Dentacoin as a part of your investment portfolio.
People associate themselves with their immediate circles and larger communities, which includes their industry too.
Naming your currency or blockchain app after your industry will create a connection with this audience and position you as the industry leader in the category.
Be Proud Of Your Mission
Change Our World could’ve chosen a number of names to hint at their technological innovation or the founder who started it.
Instead, they boldly positioned themselves as the currency that will change our world and solve its global issues.
Notice that they’ve picked ‘our world’ instead of ‘the world,’ which is a more inclusive naming.
It makes you feel like you are a part of their mission and humanity as a whole, which creates an immediate emotional connection with their brand.
If In Doubt, Go With Coin
The most surefire way to position your company in the world of crypto? Put ‘coin’ in the name, and you’ll immediately get the attention of fintech enthusiasts.
Just make sure you don’t use an option that’s already taken from the hundreds of companies out there.
Give It Some Mystery
There’s a certain feeling you get when you read about groundbreaking technology that’s never thought possible.
It’s almost as if you’re stepping into a sci-fi movie seeing flying cars and virtual reality streets in your mind’s eye.
If your company is truly onto something big that will change the way humans live and use money in the future, use that to your advantage and include it in your brand name.
Keep It Short And Simple
If you read through the list of currencies that exist in the world today, you’ll see that almost all of them are 2-3 syllables long and have an easy pronunciation. Keep your technology complex and your brand name simple.
Make Sure It Hasn’t Been Taken
There’s nothing worse that could happen to the founder of a new venture than finding the perfect name and then realizing that it’s been already taken by the competition.
Before you settle for your business name, double-check that there isn’t any other company with the same or almost identical name and that the domain for your name is still available.
Relevant name generators and articles
Related: How to Start a Tech Blog
Related: How to Start a Programming Blog