Topic: Stellar becoming platform of choice for Tokens (Read 148 times)

We have found the Stellar is actually the most user friendly platform as well. With StellarTerm or StellarPort, one can easily create an account and receive an asset in seconds. Best of all, it has built in decentralized security so that you NEVER have to share your key with an exchange and expose yourself to hacks. There is no doubt the Stellar is the best platform for securities/asset-backed tokens

I love Stellar Lumens because it's very simple to manage, fees are very low and transactions are almost instant.. so I'm not surprised of this choice....

It has officially launched on Stellar: details here https://medium.com/@eradjabli/apis-token-launches-on-stellar-a17203804f6

However, consensus does speak about the platforms like ETH and EOS predominantly over this one. So the possibility increasing the use of this stellar is is null and its not even in the public agenda yet or we haven't seen anything getting popular over it yet. (Not on this forum yet!)

Also, it doesn't mater at all if the tokens are being built on the Stellar or ETH platform which will define the project success or prices as you said. It never depends on that thing as it is just the stage where everything is played around. The actual price is dependent upon the fundamentals of the project itself and its versatility.

I agree with you, i saw a few Stellar based projects in the bounty thread. And it's quite interesting and i did opened one XLM wallet to participate in bounty.

I have bought some XLMs 3 months ago for testing reason only. I  do like XML's mobile wallet. Stellar has built itself a perfect payment platform which, I think that, can compete with ETH, NEO in very near future. There are more and more ICO projects, especially the Asia ones, use Stellar instead of ethereum.

Yes this year you can see many upcoming ICOs and token on Stellar platform (Vexanium,...) and NEO platform too (ZPT, Effec.ai, senno,...). But i believe more in NEO, in concept smart economy.

That's correct. It was founded by Jed McCaleb and it is a Ripple fork initially (although now it has built out many more features). Not sure why anyone would consider it to be "less trustworthy", it's still a blockchain and decentralized, and unlike Ripple, anyone can run a Horizon node for Stellar so it absolutely does NOT depend on a few big name players. In any case, people sort of mistake Bitcoin as being decentralized because anyone can mine but the reality is that 90% of the hash power is controlled by a very limited number of miners, so in that regard, Bitcoin is just as centralized as Ripple, Stellar etc.

The one advantage of ERC-20 is that the Ethereum Virtual machine is Turing-complete. That is helpful to build complex smart contracts. However, most tokens really are not very complex as effectively they are representing ownership and are securities, so they need minimal code to run. I fully agree that ERC-20 will absolutely be around and is a great platform for making complex smart contracts that solve difficult problems. However, for asset backed tokens (which is the new big push in the crypto industry), it's just not fast enough and the tx fees are too high.

There's a reason why Tokensoft.io for example is also building many of their partner projects on Stellar.

I think stellar was founded one of the co-founders or employee of ripple, so there should be great vision behind stellar coin, it is even now in top 10, no need to talk about its success, this can make it much more popular.

This is an interesting topic. ERC-20 are the most popular tokens nowadays, even though there exist some others. Stellar might be a suitable platform for tokens, but are a couple of examples and some rumors on Consensus really sufficient to make such strong conclusions? I mean, NEO is also a great platform, but I personally never heard of ICOs really built on it. Oh, and Stellar is a Ripple's fork which makes it less trustworthy. It sacrifices some decentralization for the transaction speed.

I think stellar has to go a long way to compete eth tokenization platform that has already created and trading hundreds of tokens successfully, they do have this scaling issue which they are working to resolve and im sure they will improve their network.

Hello,

I have seen more and more movement of tokens being built on Stellar (speed, low tx fees, decentralized exchange). This was especially evident as Consensus because going around the rooms there was distinct chatter that the ERC-20 token standard was just not sufficiently powerful to back a security token economy that is used to having hundreds if not thousands of transactions per seconds (as in the traditional equities markets)

Here is the first Hedge Fund Backed token and it chose Stellar as well

This is not a price speculation because truly I don't know if more tokens being built on the platform would actually drive the price up or not, but for sure it is pointing to a shift away from ERC-20 towards Stellar as the choice for institutional grade tokens.