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Topic: Do people still create new ERC20 tokens/projects nowadays? - page 3. (Read 981 times)

member
Activity: 574
Merit: 24
More new projects are been created using erc20 blockchain compared to others like tron, neo or eos, the saddest part is it is very easy and cost less than 100 dollars to set up an ICO project website, this is why we have many scammers using erc20 blockchain
sr. member
Activity: 644
Merit: 253
It is definitely one of the cheapest alternatives of creating a crypto currency. It costs several hundred dollars to create another ERC-20 token and thousands of dollars to create your own coin. But ERC-20 tokens are not taken seriously anymore.
Right, at this time the ERC-20 token is no longer taken seriously, because many people already know how to make it and it is very easy, and it is proven that there are still many new projects that use the ERC-20 platform for their tokens.
due this easinest many fake developers occur in crypto market. And we know its have negative effect to all price. When fake developers create fake team they will run when already get much money. They dumped it and market will crashing again. So its better for each new project must developt their own blockchain , and use their coin to their own ecosystem. No more project that used platform from another projects. No more token in eth blockchain , or another coins in competitor blockchain.
If we will notice most of the scammers are using ERC20 token as this is easy to made up, so I am very particular now with projects, I prefer those who has their own blockchain meaning that they really worked hard for it and not just having a nice whitepaper they they just hired some experts for them to look nice and professional.
sr. member
Activity: 1050
Merit: 250
It is definitely one of the cheapest alternatives of creating a crypto currency. It costs several hundred dollars to create another ERC-20 token and thousands of dollars to create your own coin. But ERC-20 tokens are not taken seriously anymore.
Right, at this time the ERC-20 token is no longer taken seriously, because many people already know how to make it and it is very easy, and it is proven that there are still many new projects that use the ERC-20 platform for their tokens.
due this easinest many fake developers occur in crypto market. And we know its have negative effect to all price. When fake developers create fake team they will run when already get much money. They dumped it and market will crashing again. So its better for each new project must developt their own blockchain , and use their coin to their own ecosystem. No more project that used platform from another projects. No more token in eth blockchain , or another coins in competitor blockchain.
full member
Activity: 1050
Merit: 100
It is definitely one of the cheapest alternatives of creating a crypto currency. It costs several hundred dollars to create another ERC-20 token and thousands of dollars to create your own coin. But ERC-20 tokens are not taken seriously anymore.
Right, at this time the ERC-20 token is no longer taken seriously, because many people already know how to make it and it is very easy, and it is proven that there are still many new projects that use the ERC-20 platform for their tokens.
sr. member
Activity: 889
Merit: 253
Most of these IEOs popping up still has their tokens on the Ethereum blockchain and that includes even new exchanges as well, hell even the old ones still has their tokens in Ethereum Blockchain and many of them would never migrate, all you need to do is just go to the announcement channel and you would notice that atleast 80% of the new projects posted are using the ERC-20 token standard.
That is so correct. Most of the projects are using ethereum blockchain. The reason behind it is pretty simple. People wanted to make money but could not create their own standard or way to use blockchain and utilized the existing one. Ethereum is also the number one altcoin and the team keeps on improving the project so it is a trustworthy starting point for new token makers.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
no, I observed since last month until now, erc20 tokens or new projects have been quiet. and I think people are starting to stop making new tokens or projects, at least until the end of the year. they are also definitely waiting for next year and how the market will run in 2020. if the altcoin market returns and the graphics are always green, I am very sure that many new projects will emerge.
There are many projects migrating to their mainnet aswell. It seems that ERC20 only for temporary and nowadays people prefer to create their own, not that ERC20 is a useless thing but some people did experimental thing with the smart contracts nowadays not for commercial purpose or even fundraising.
To be honest, that's actually good because atleast ETH network will have less chance of being congested or overcrowded because of some measly shitcoin that got hyped just for a moment then gone to oblivion afterwards.
sr. member
Activity: 742
Merit: 329
CryptoTalk.Org - Get Paid for every Post!
There are still people who are creating projects under the ERC20 contract but the numbers of the projects have been decreased because the developers and the whole team observe that the market is still in bad condition which is in a bearish situation so they tend to postpone their project and just launch it when the market is alright so people are not scared to risk and invest their money.
sr. member
Activity: 1652
Merit: 262
no, I observed since last month until now, erc20 tokens or new projects have been quiet. and I think people are starting to stop making new tokens or projects, at least until the end of the year. they are also definitely waiting for next year and how the market will run in 2020. if the altcoin market returns and the graphics are always green, I am very sure that many new projects will emerge.
sr. member
Activity: 826
Merit: 252
If they still create that because they see opportunity to grow up of fix their old project. As customers/ followers just see clearly what they made, isn't better or worst?. I still have faith with ERC20 ( old/ new project ) because they already help me recover my asset this year. New project can fix their system and give member many bonuses for loyalty program. They can learn from old project that still survive, show to them new is not old but better.
copper member
Activity: 280
Merit: 1
CINEMADROM ⥋ BLOCKCHAIN FILM PLATFORM
It is definitely one of the cheapest alternatives of creating a crypto currency. It costs several hundred dollars to create another ERC-20 token and thousands of dollars to create your own coin. But ERC-20 tokens are not taken seriously anymore.
full member
Activity: 854
Merit: 101
I was wondering if ERC20 tokens are still useful today and if people still create projects around them? I know the ICO 'feast' is kind of over and that was the main purpose people were launching these tokens for.

Greetings to the community,

Liviu
Contrary to your question, I think ERC20 is enjoying wide adaptions in many crypto projects using smart contracts. Maybe news of scam, hacking, etc. affects the state of crypto, but ERC20 still continues to grow and have the support from many crypto projects.
hero member
Activity: 994
Merit: 502
Most of these IEOs popping up still has their tokens on the Ethereum blockchain and that includes even new exchanges as well, hell even the old ones still has their tokens in Ethereum Blockchain and many of them would never migrate, all you need to do is just go to the announcement channel and you would notice that atleast 80% of the new projects posted are using the ERC-20 token standard.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
many still use, of course.  convenience, economical, full featured, and popularity are considerations that can not be missed.  rather than making your own chain or using other chains that are less popular, using erc20 is more effective.
Some projects are still good uncer ERC20, and many are still planning to have their own project under ETH platform. Despite of the negative impression about ICO today, I still believe to see a good projects, and with a help of ETH, the ICO will be great again. I’m still open for erc20 project, i just need to wait for a good one.
You should not mention the word of ICO caused by investors have already lost their interest to invest in it dude. As you can see about IEO becomes a trend right now and that means if the adoption gets centralized on IEO. The majority of IEO nowadays are still using ERC 20 as the main token asset except some coins were launching on IDO.
full member
Activity: 2128
Merit: 180
many still use, of course.  convenience, economical, full featured, and popularity are considerations that can not be missed.  rather than making your own chain or using other chains that are less popular, using erc20 is more effective.
Some projects are still good uncer ERC20, and many are still planning to have their own project under ETH platform. Despite of the negative impression about ICO today, I still believe to see a good projects, and with a help of ETH, the ICO will be great again. I’m still open for erc20 project, i just need to wait for a good one.
full member
Activity: 896
Merit: 108
many still use, of course.  convenience, economical, full featured, and popularity are considerations that can not be missed.  rather than making your own chain or using other chains that are less popular, using erc20 is more effective.
member
Activity: 423
Merit: 11
I was wondering if ERC20 tokens are still useful today and if people still create projects around them? I know the ICO 'feast' is kind of over and that was the main purpose people were launching these tokens for.

Greetings to the community,

Liviu

I see that most ICO and IEO projects still use the Ethereum platform to create ERC20 tokens. But now there is using ERC-721. But I do not understand what are the advantages of the ERC-721 token. Perhaps the crypto master is better able to explain this.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
I was wondering if ERC20 tokens are still useful today and if people still create projects around them? I know the ICO 'feast' is kind of over and that was the main purpose people were launching these tokens for.

Greetings to the community,

Liviu

ERC20 projects are still being launched, although the raising of funds are getting difficult for then due to the bad reputation of ICOs for the past two years. It's simple to use than to create their own blockchain. There are few "useful" erc20 tokens like BAT. But many others are not popular in the market.

I guess, the OP knows by now the answer to his question. As you can see also in this forum alone, everyday you can see a new project and the chance that it is under eth is very high. But yes, though they are still creating and launching projects under eth, the raising of their respective funds has no assurance because most of those investors were already burnt for the past 2 years having these ICOs. Yet, they are still taking their chances from those investors.
Definitely true. Project with ERC20 based token are till appearing one sfter another but people are just burnt out to this kind of thing resulting in failing of gathering fund. Most of people have switched over to IEO which majority of them are using the exchanges’ blockchain.  Despite of that the erc20 token from the old days still have its dominance anyway it just time passes and everything is changing slowly.
sr. member
Activity: 1988
Merit: 275
I was wondering if ERC20 tokens are still useful today and if people still create projects around them? I know the ICO 'feast' is kind of over and that was the main purpose people were launching these tokens for.

Greetings to the community,

Liviu

ERC20 projects are still being launched, although the raising of funds are getting difficult for then due to the bad reputation of ICOs for the past two years. It's simple to use than to create their own blockchain. There are few "useful" erc20 tokens like BAT. But many others are not popular in the market.

I guess, the OP knows by now the answer to his question. As you can see also in this forum alone, everyday you can see a new project and the chance that it is under eth is very high. But yes, though they are still creating and launching projects under eth, the raising of their respective funds has no assurance because most of those investors were already burnt for the past 2 years having these ICOs. Yet, they are still taking their chances from those investors.
sr. member
Activity: 1092
Merit: 255
erc20 is still widely used but only while there are many new projects using erc20 then after that they make their own blockchain with their respective coins. I think erc20 is only a temporary platform for new projects.
full member
Activity: 1008
Merit: 101
of course there are still many people making it, see every day there are a lot of new bounties popping up, Ico is still not completely over because there are still some ICOs that can attract investors
ERC is more widely used because it is very easy to understand even by people who are not familiar with blockchain
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