How to create the FirstToken?

Can you please explain the process of creating the FirstToken in detail? What steps need to be taken from the initial concept to the final launch of the token? Are there any specific requirements or regulations that must be met? Additionally, what kind of technical expertise is required to create a successful cryptocurrency token, and what platforms or tools are commonly used in the process? Lastly, how does the process differ for those who are creating a token on an existing blockchain versus building their own blockchain?