Do people still create new ERC20 tokens/projects nowadays? - page 6.

efxtrader

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Quote from: dapptitude on October 28, 2019, 04:05:43 AM

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

In my opinion, the real issue is not the tokens that are still ERC20 or other but on regulations that are able to prevent scam projects from entering the market. ERC20 tokens in my opinion is not a problem as long as the project is good and produces products.

Eugenar

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Quote from: dapptitude on October 28, 2019, 04:05:43 AM

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

You can look at the altcoin bounties section, through there, you can see new cryptos being created by projects that seeks supporters from investors. Mostly, I find the market now being congested with new cryptocurrency or altcoin created day by day. But I think it is the best for the market as it induces market competition between those altcoins and the altcoins that are already established in the market.

Fappanu

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The Erc20 token is still useful to this day but the number of users of this platforn is now slightly different from last 2017. Because investors have no confidence to invest in ICOs. Today's users are the startup companies and in the long run they are moving to their own blockchain.

ivaf

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Yes, new tokens are created every day. They are used for different purposes - someone launches a new startup, someone conducts research, someone studies the blockchain, etc.
To date, 221876 tokens have already been created: https://etherscan.io/tokens

SistaFista

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Hexhash.xyz

I think Yes, peoples still create new erc20 tokens for their project and usually it is a startup project.
Anyone can create new token, but the most important is the project they build.
Their token value will depends on the project they running, thats why there are many dead tokens because the project itself is dead.

Kiefner

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I believe that new coins can still be successful. New projects keep popping up. Some are hoping for profit, some are really trying to solve some problem with the help of their platform or token. But the saddest thing is that only a few succeed.

bvg96634

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I see how new ISOs and their tokens appear every day. I do not know how long this will continue, but it seems to me that it will be a very long time. ISO scammers are still trying to make money in the crypto community.

jajorforce

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Quote from: dapptitude on October 28, 2019, 04:05:43 AM

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

People still build their projects by creating new ERC-20 token. I think for fastest growing in cryptocurrency market. Although ICOs isn't over yet and the main purpose is to create own coin. For Easy and fast they create ERC-20 tokens then swap to own coin or another blockchain.

valuater

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for now it's still because the platform that is very popular for making tokens is ethereum, rarely developers of one project use another because besides being less popular sometimes projects using platforms other than ethereum are very difficult to get into the cex exchange , eos. I have never seen 3 platforms that have tokens that can enter the cex exchange which can be said to be large.

Dewi Aries

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Quote from: dapptitude on October 28, 2019, 04:05:43 AM

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 think yes, as long create token is easy for who expert in it. Developers will have thousand ideas to make project with it and then start fundraising. With that ICO and IEO will always come, or maybe in future there are new way for them to collect money from investor. With that, we must be very careful with what we want to invest.

Ferris419

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You may check the altcoin announcement or bounty sections to know about it well! You will see, still, most of the projects are coming based on Ethereum blockchain! Because it is easier to launch a token on the ETH network, and among all the unique blockchain network, Ethere is doing better!

shadowduck

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I'm not sure that everything will end so quickly as you say. ICO holiday in 2017 showed itself, but it was for all projects. there will be an even more interesting holiday but only for good projects

Youghoor

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Quote from: dapptitude on October 28, 2019, 04:05:43 AM

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

If you take about ten new projects launched in the crypto space, seven out of the ten are ERC20 token projects even with ICO out of the crowdfunding system. The ERC20 system is the easiest way of creating your own for their project. With ERC20, there are no complex processes involve in the creation of the tokens for the project crowdfunding method.

Mammothcoin

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On the Ethereum infrastructure, the ERC20 protocol is the most popular. Yes, numerous tokens are still being created which are complaint with that standard. Most of the cryptocurrencies in the ANN thread are still ERC20 tokens. I still believe more ERC20 tokens will be created when prices rally.

xiboothrezi

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Quote from: InwardContour on October 28, 2019, 12:31:54 PM

Ethereum blockchain still remains the most useful and easy for creating tokens, hence instead of new projects creating a fresh blockchain architecture from scratch (even if they have intention to create one), they harness Ethereum blockchain by creating for instance ERC20 tokens. In essence, ERC20 tokens are not only useful in the ICO era. Most IEO done this year are ERC20 token standard, so YES people still create ERC20 tokens.

You are right, not only in the ICO, now even in the IEO, ERC-20 is still the star. ERC-20 makes it easy for developers who enter the world of cryptocurrency. This service allows developers to have no trouble creating new terminology. Especially with the big-name Ethereum, give a positive impact.

JeffBrad12

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Quote from: Bonenx14 on October 28, 2019, 12:40:20 PM

Quote from: btcdie on October 28, 2019, 12:24:36 PM

some people still use or make ERC-20 tokens, but only in part. Many ERC20 competitors, like the example of TRX (tron) where the TRC10 and TRC20 based blockchain tokens are easier to make, even people who don't understand programming can also make their own tokens for their business, just prepare 1 TRX (tron) you can make your token alone.

Blockchain technology is growing. as you say, people can easily make their own tokens and I want to learn them for the purpose of knowledge because in my country blockchain technology is not popular, only investments with crypto are becoming popular. because in my opinion this technology will be widely developed in the future, not just the making of tokens but transparency which is the goal of my learning

There are plenty of free online courses regarding blockchain even coming from a well known university or so called ivy league. However there are plenty paid courses aswell and the quality is yours to decide however it's to be expected that only small amount of people have the knowledge about blockchain it's a new technology.

If it's about making token you usually don't need an indepth knowledge because creating one is as easy as making a bitcoin account but in some cases you just need the whole blockchain of ETH if you are using ERC20

Bonenx14

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Quote from: btcdie on October 28, 2019, 12:24:36 PM

some people still use or make ERC-20 tokens, but only in part. Many ERC20 competitors, like the example of TRX (tron) where the TRC10 and TRC20 based blockchain tokens are easier to make, even people who don't understand programming can also make their own tokens for their business, just prepare 1 TRX (tron) you can make your token alone.

Blockchain technology is growing. as you say, people can easily make their own tokens and I want to learn them for the purpose of knowledge because in my country blockchain technology is not popular, only investments with crypto are becoming popular. because in my opinion this technology will be widely developed in the future, not just the making of tokens but transparency which is the goal of my learning

Vishnu.Reang

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Quote from: dapptitude on October 28, 2019, 04:05:43 AM

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

Even now a lot many of the ICOs are ongoing, in addition to a few IEOs. So we can say that new ERC-20 tokens are still being created. However, as you said the numbers have definitely fallen. Around 12 months back, we used to have on average 10-12 new ICO projects getting listed every day. And now this number has been reduced by approximately 90%.

InwardContour

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Quote from: dapptitude on October 28, 2019, 04:05:43 AM

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

Ethereum blockchain still remains the most useful and easy for creating tokens, hence instead of new projects creating a fresh blockchain architecture from scratch (even if they have intention to create one), they harness Ethereum blockchain by creating for instance ERC20 tokens. In essence, ERC20 tokens are not only useful in the ICO era. Most IEO done this year are ERC20 token standard, so YES people still create ERC20 tokens.

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Somehow teams today are shifting to another platforms where they will get support of it. If you are part of a team who wants to develop a project where they can get support and funds you will probably choose EOS because blockone will provide funds for the team. They don't even have to do an ICO or EIO for it. I think this is also going to happen to most of the platforms that has incubators like WAVES. It may look centralized but its way to go than halt by SEC.

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