Do people still create new ERC20 tokens/projects nowadays? - page 8.

Suslived

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Quote from: dapptitude on October 28, 2019, 03:05:43 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 anything, people are launching ERC20 tokens today to learn. If you see any project still using these tokens while claiming to have some "revolutionary innovation" then they are most likely lying and are in it to steal money from investors.

The ICO feast is indeed over and people should be wary of scammers these days. Invest at your own risk!

TGD

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Quote from: dimonstration on October 28, 2019, 06:09:23 AM

There are still ERC20 tokens today, but if compares on ICO craze on year 2017. the number of projects uses this platform is already decreases maybe not just 50% , apparently since projects now that are startups consider exam or due to tons of project classified as scam this past year those ERC20 project that starting didn't gain popularity nowadays, but being the easiest and transparent platform more projects will eventually use it when the market trust return or regulation start happening.

Those ERC20 token that still generating after 2017 ICO craze are most probably from scam airdrop token that promising certain amout of token once you subscribe to there social media account. Currently I'm still receiving email from diffent airdrop bounty even though I didn't subscribe to them. I think someone collected the email of bounty participants and selling it on other start up scam project.

Doranile432

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Quote from: dapptitude on October 28, 2019, 03:05:43 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

Cheaper and easier i guess, i heard to build an ICO website and token combined will only cost you 50$, so just think about it what do you think will happen? many developers will surely keep building them to make money that is why tokens always scares the shit outta me, anything that is cheap is crap

Aabcde

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There are still many people or developers who make ERC20 tokens. The proof can you see there are still many new projects there, especially when you join several airdrops that use it. This indeed facilitates the developer to make tokens without difficulty with coding. But, sometimes I think that the number of tokens that use ERC20 is like garbage. Yes, they are mostly just looking for profit and then just disappear.

DabsPoorVersion

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Yes, the creation of ERC20 has never been stopped.
It becomes minimal since ico is no trend anymore which is the ERC20 contract is commonly used before. But I do believe that there are still some people who continue to create coins using ERC20 contract.

Bttzed03

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A lot of good replies already.

I just want to add another possible reason why the number of new erc-20 projects have declined in recent months, other blockchains are slowly catching up with ethereum. Blockchains such as Eos and Tron may not be as popular as eth yet but they currently offer better scalability and lower/no fees that's why some new start ups chooses them.

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Quote from: dapptitude on October 28, 2019, 03:05:43 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 though the ICO days are over, ERC-20.baed tokens are still popping up, even though the rate has drastically decreased from what it was before. For instance, if you check icodrops for ongoing ICOs, you'll still that there are many ICOs running, a very good number of them just fail because there is no good fund raised.

dimonstration

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There are still ERC20 tokens today, but if compares on ICO craze on year 2017. the number of projects uses this platform is already decreases maybe not just 50% , apparently since projects now that are startups consider exam or due to tons of project classified as scam this past year those ERC20 project that starting didn't gain popularity nowadays, but being the easiest and transparent platform more projects will eventually use it when the market trust return or regulation start happening.

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Quote from: dapptitude on October 28, 2019, 03:05:43 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

Investigate 0x. One of the ERC20 tokens that has been present in the last few years, and the volume is almost $50 million. But I have not heard about a good project based on ETH in recent months, I guess the decrease in price late last year has made such projects scared. At that time there were even projects that changed to the EOS blockchain due to the price drop.

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Quote from: dapptitude on October 28, 2019, 03:05:43 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

They certainly do. But the numbers are drastically reduced. Almost all of ICOs are not being able to deliver a profit for the invetors for quite some time. The people looking for ICOs and interested investors.
https://www.coingecko.com/en/ico?show_by=ongoing
This list used to contain hundreds of ongoing ICO projects but now there's less than 100.

akmal1984

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I think ERC20 is still the main choice now rather than the developers having to have their own blockchain. Although later on the trip they decided to do a SWAP and issue their own blockchain. But the more strategic first step is still to use ERC20 .
It's better to start with something that is familiar to the entire crypto community

tiang_tower

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Quote from: akmal1984 on October 28, 2019, 05:22:15 AM

I think ERC20 is still the main choice now rather than the developers having to have their own blockchain. Although later on the trip they decided to do a SWAP and issue their own blockchain. But the more strategic first step is still to use ERC20 .
It's better to start with something that is familiar to the entire crypto community

Right, now there are still many projects that make tokens using the ERC20 platform instead of having their own, because that is a very easy alternative, but I've also seen projects that use their own blockchain like minter, and they are also very successful when the project is run.

robelneo

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Quote from: dapptitude on October 28, 2019, 03:05:43 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

It's still useful I can see people in the freelance market place offering to create ERC20 tokens, I still can see airdrops in ERC20 tokens and there are still ICO's in ERC20 tokens, Ethereum smart contract will not just die easily, first they are the second most popular coin in the market and they are going to be POS, and to the developers and user's point of view, they are fast and transaction is cheap, something any start-up project would like to have in their token, although there are other token creations, but investors are already familiar with ERC20 tokens function .

#Darren

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There are tons of projects that are still using ERC-20 tokens for a lot of reasons. First of all, ERC-20 token is really usable and creates much less troubles than an own coin. But most importantly, it does not cost a lot to create an ERC-20 token, but your own blockchain will cost you a lot.

Herbert2020

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whenever something succeeds in easily generating money for some people, then a lot of others will continue copying that method for years even when it no longer is successful. so the answer is yes, there are still a lot of projects that keep on creating ICOs and this type of tokens to make money but they all fail since the hype of this scamming method is dead now.

comchien

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Of course, there are still projects created based on ERC20, some ICOs are still running and based on it, maybe when their project is successful, they will create a separate blockchain. ERC20 may be easier to develop because of its simplicity and ease of use.

Mighty_crypt

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Quote from: dapptitude on October 28, 2019, 03:05:43 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

To say the truth if anyone ask me which platform is the most easiest for smart contract i will say ETH, people who have both good and bad aims choose ETH ERC20 platform because of its simplicity, open source and easy to build token on, that is why 99percent of tokens are useless, many are created to gather funds from people

NathanJB

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Quote from: dapptitude on October 28, 2019, 03:05:43 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

Yes, I believe so. Although since the ICO craze has died down, new crypto projects are also decreasing in number unlike before when tens of new projects are coming out everyday. And options are also growing right now. Before, the Ethereum platform was almost the only blockchain that offers smart contracts. The Ethereum platform played the role of monopolizing new crypto projects' tokens.

DaMut

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There is a demand for ERC20 token until now, even though the ICO feast is over ERC20 still has its functionality and capability as a utility.
the feast was not the main reason they were using it but because creating their own blockchain requires a lot of time and money, that was why ERC20 was in euphoria back then.

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Quote from: dapptitude on October 28, 2019, 03:05:43 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

Yes there are still people creating it as of today you can check announcement thread you can see there are newly ann created daily most of them is tokens created in ethereum platform.
Useful i dont think so , all ICO before is now moving to IEO they are still using the same ERC20. but the same thing there is no other use of that token only in exchange.

Topic: Do people still create new ERC20 tokens/projects nowadays? - page 8. (Read 981 times)