I will tell you what the "reason to create new erc token" it is to make money, that is all there is to it and nothing more. Nowadays I see a million new projects everyday everywhere and I am looking inside them and there is no originality or anything that improves what is and what could be in the future, they just change the design and call it something else and add a little story behind it and that's it, after that they want you to give them billions of dollars.
These are not even projects, these are not tokens or defi or coins, these are just business and these business are trying to make money from you guys by selling tokens, just like a grocery store selling apple they are trying to sell you the token, this is not what the crypto world should have been about to begin with.
Topic: What is the Process of Creating Ethereum Token? (Read 108 times)
● Reason to create new ERC token
I need money ... so need to find out a good reason for collecting them. Imo it should be like:
1- find a niche - something that people need but is not yet delivered or you can do it better
2- create business plan and start developing your product
3- if you are out of funds for development than try to collect them by emitting token
99.99% of tokens are not necessary and harms end user experience (you have to use my token to use my service, and token is extremely volatile so you have to gamble each time you want to use my service). People should stop thinking about a reason to create token. They should start thinking how my product can create profit, how to push user experience to the limit and then think how to get founds and how to create value for token that does not affect user experience. 2017 bubble is over its time to build something that work.
● Develop a worthy crypto wallet to store token
You don't need to develop wallet for every single token. You can use Metamask for ETH tokens, tronlink for Tron tokens etc.
Short tutorial on how easy it is to launch your own ETH token - whole process takes less than 1h.
https://www.youtube.com/watch?v=W0Lomo8CdTM&ab_channel=DappUniversity
Here is the step-by-step process of creating ethereum token...
Basically ethereum tokens are created from the respective ethereum blockchain platform using popular coding language. Then the token should be assigned proper with some important features. So, let's we can see the general step-by-step procedue Ethereum Token Creator here,
● Reason to create new ERC token
● Decide the name, symbol, supply, decimal value
● Choose the mechanism & coding language
● Create Smart Contract for that token
● Develop a worthy crypto wallet to store token
These are basic things that need to be considered while creating Ethereum ERC tokens by seeing this it clears that, it will take a while time to create and launch. But this fast-moving world does not have much time so people searching for a short profitable way of creating mintable ethereum token then have a look at what The Token Launcher offers.
Basically ethereum tokens are created from the respective ethereum blockchain platform using popular coding language. Then the token should be assigned proper with some important features. So, let's we can see the general step-by-step procedue Ethereum Token Creator here,
● Reason to create new ERC token
● Decide the name, symbol, supply, decimal value
● Choose the mechanism & coding language
● Create Smart Contract for that token
● Develop a worthy crypto wallet to store token
These are basic things that need to be considered while creating Ethereum ERC tokens by seeing this it clears that, it will take a while time to create and launch. But this fast-moving world does not have much time so people searching for a short profitable way of creating mintable ethereum token then have a look at what The Token Launcher offers.
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