Bitcoin Forum

i just found out that you can create your own tokens on waves for 1 waves. i was wondering what your guys experience is with this, is it worth it?
can i just do, lets say a huge airdrop and wait for people to start trading my token?

LOL, yes it really is that simple, but what makes you think people will trade your token.  To trade you need someone to buy, so why would anyone buy your token?  Figure out a reason why someone would buy your token and then it really is that easy.  I created my own token just to experiment and it takes about 15-seconds.  You want to buy them, there's a hundred of them and I'll sell you all of them for one bitcoin.

Its not as easy as it sounds. Why would anyone want to trade your coin? Would you continue developing it? What would be the real use case for the coin? and many other questions...

its now 2 waves to create your token, its worth it, most especiallly it helps reduces capital cost. and has an exchange inbuilt with it

There is a lot of airdrop based on the waves token and all of them are turning into the shitcoin with zero volume right now or just another useless coin. That will be worth if you are using it for some purpose but not to grab another people's money in the market. You should be fair about that. You can try to visit waves dex and you may see a lot of useless tokens that generated in the waves platform.

Spot on, spot on. Anyone can create a coin, but just because they can doesn't mean that they should. A lot of these spammy airdrops come in with hardly thought out coins and waste people's time just trying to make a quick buck. I think it's great if there are devs who want a coin for a specific reason and the waves setup works- but if they don't have a good reason, then what's the point! The tech is the same and the setup is meh. The built in exchange is alright. Honestly I'll take a coin with it's own code and dev team working on things over any other coin that just paid 1 waves to quickly get setup with no direction.

1 waves coin to create own businesS? I think that it is worth keeping it and very promising. Currently everyone could make own.coin and take some profit from that.

Again... where does the profit come from?  Who's going to buy your coin and why would they?

It is worth it for a fun side project with friends or to just joke around. Other than that you cant expect to turn it into a top100 coin out of the blue (without serious devs and whatnot)

The purpose alone of why you want to create a coin make me not want to support you. All these ICOs trying to be revolutionary and unique and all that, then you want to make a coin because you want people's money.

i don't plan on creating a coin..
i just saw all the random airdrops without any info or product behind the token and was wondering if thats really a thing where people make money out of literally nothing, and if its smart to participate in those airdrops or not.

It is very cheap. Creating a coin waves platform is really easy. But what is important is that how you can make your token popular and convince traders to buy it.

okok thats what i thought. so i guess i shouldn't participate in airdrops like this

The wait could last millions of years mate, you are free to create as many as you could afford to pay the 1 Waves fee for them, how old are you?

You don't even know what is the difference between airdrop shitcoins and real world assets with value backed by people, you think anyone would

Care about Bitcoin if it was airdropped? Ponzi is another word for the airdrop.

You should make project to get your coin  valued. You also need to get verification. I also creat a token in waves but has no value. I am not sure what I am going to do with the token. If it is only created with one waves, the coin no worth. Many projects based on waves have many people involved so the coin is worthy like Zr.coin.

Even I tried creating token for just experiment purpose but when I want to send that token through airdrop each transaction I need to at fee it may come couple of waves so I left the airdrop concept.

Without a use or reason to it's pointless.  Might be good for fun, and hell in a 100 years maybe there'll be a collectors market :)

So easy that Burger King made a token. whoppercoin lol


http://bitcoinist.com/burger-king-russia-whoppercoin/

Nope, in the end your token will become trash because almost altcoins that using waves platform are become trash and we can't trade it outside waves platform. That's why many new ico project are using ethereum platform than waves platform, they can trade the token on many exchanges sites. So, no it's not worth it.

Follow these steps for a successful coin:

1 - Have a product.
2 - Have a white paper.
3 - Be an active dev.
4 - Give people a reason to buy the coin (Aka have a product)
5 - Be a bit more active out here and don't create a coin as a noob.
6 - Have exchanges lined up to list your project. Otherwise its gonna be stuck.

Goodluck.

Well creating a token is easy but making people trade them is another thing.
Like for example you need to make people believe that your token is worth buying for.
Like other said, Token only has a value if people give them value.

how will people buy your token if there is no purpose for buying it?
if you want to create a token, make sure that its gonna be used for something and not just because you want it to create one.

That is exactly why this 'e' and 'w' are booming right now
They want to follow ebtc track which was pumped excessively high for a shitcoins.
They only need to pay for the airdrop transaction fee

Lets switch the situation lets say a random person created a coin through waves and they will try to sell their coin would you but it?  

If you just want to create a coin for yourself and just keep it for sentimental value, maybe it would not be valuable but at least you have a coin but if you are planning to sell it and trade it well it's a different ball game.

Its not as easy as it sounds. Why would anyone want to trade your coin? Would you continue developing it? What would be the real use case for the coin? and many other questions like this

Well, waves not really provide any support to people who issue tokens on their platform.  I have seen quite much frustration in their telegram community.
Very offensive admins and very arrogant support.
No matter what is idea - Waves will bury it.

You can fud as much as you want, but the truth is that:

1-Waves is going to release smart contracts soon, so it's token won't be "stupid"  anymore. Ethereum with PoS when, instead?
2-Having your token issued in a decentralized exchange means that your token can't be shut down by anyone, no aliens, no Putin, no China
3-Having your tokens on a Dex doesn't mean they can't be in a centralized one

Good point about providing a reason for people to trade the token! I've never created a token on waves,because I had no need in it, but I've watched a video of creation of it on youtube and it truly is easy. The problem is that even though waves is a platform for tokens, I believe people still mostly create their own currencies rather than tokens, so that they are more independent or something like that. Making tokens creation easy was a good option provided by Waves but it's hard to say whether there's any use from that at all.

Well the Waves platform does work like that and I believe that many scam coins are being launched in the Waves platform as well due to this. Well Ethereum platform is no exception to scam tokens as well but the waves D-EX is a bit too shady according to me.

Just launching a token is not enough. There needs to be a goal and a reason behind creating the token and why people would like to invest in the token. True that startups willing to do projects are taking up Waves as the platform but shitcoins are more common there and we even got faucets that distribute these shittokens.

you want scamer
because you want create token only get profit and selling youre token without say about project

I tried it out, just to see, how it works. Was funny, to have an own coin, but without project it will keep being fun or scam. Meanwhile I see more and more serious projects using waves platform for token creation. The benefits of waves are, that you needn't spend time on creation, because coins really are done with a few clicks and you can concentrate on content, whitepaper, project and advertisment and all, whaat is needed. Although as investor I prefer cryptocurrencies, that are developed from scratch. So I may be more sure, that there is a whole team behind.

If you are going to develop an ico, and you are going to use Waves, then dont create it, because you are going to invest a lot of money in developing it, and it would be a fail ico.
Most ico's who are using waves technologies are a fail, nobody can trade with those tokens, and most of them are useless and they dont even worth $1 each, because there is no volume in their dex.
It is a garbage, i dont know why some ico's are ruining their reputation because of waves.

Even on Ethereum, creating tokens isn't that hard work, you easily can hire a blockchain developer to create your own token, the problem is to create a platform on which your token will have a use case, and this is the hard part of the job, not creating the token.

 It takes 10 seconds and costs 1 Wave to create,  but there is more to it than just creating your own token. If what you have is just greed that is the need to make money then this is the beginning of a shitcoin. To create a long lasting altcoin you need to be hard working ,determination and a great leader to run it. Seriously ,you can do it.

Better to use Ethereum. It's not hard to learn how to create own token.