This graduation paper goes through the process of creating a new cryptocurrency on the Binance Smart Chain network, using the BEP-20 standard. This paper begins with an overview of blockchain technology, and the fundamental concepts on which it is based. We have also considered the role of blockchain technology in the process of creating a decentralized currency, the real-world application of this technology, and the benefits it provides. The Binance Smart Chain, a blockchain that is compatible with the Ethereum Virtual Machine, is introduced as a platform of choice for the development of a new cryptocurrency. The key features of the Binance Smart Chain, dual-chain architecture, fast transaction processing, and low transaction fees are also mentioned in the paper. Following that, the process of creating a new cryptocurrency/token was covered in detail. In order to create a purpose for the new currency, the Nexoverse project was developed. Nexoverse brings the utility for the new cryptocurrency and the reason for adoption. The development of a smart contract was covered in detail, with a focus on functionalities required for the token to operate on the Binance Smart Chain. The deployment of a new token on the Binance Smart Chain is also explained, with detailed steps required to set up and test the contract. Potential use cases of a new currency have been explored. This includes its potential as a means of payment, store of value, and fundraising for the project development. The potential challenges and limitations of the new cryptocurrency are also discussed. SWOT analysis was conducted on the project, pointing out potential obstacles, limitations, and advantages. This project demonstrates the potential of blockchain technology and smart contracts in the creation process of a new decentralized cryptocurrency.