1 Waves to create your own tokens....is it worth it?

[silent17]

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.

[1715144027]

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[trk]

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

[Nerman]

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.

[numiv]

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

[Commissar_Meme]

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.

[Orteip]

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

[kryptqnick]

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.

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.

[TheUltraElite]

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?

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.

[KillyGon]

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?

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

[maeusi]

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.

[shursight]

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.

[Robertqueen2]

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.

[munareal]

 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.

[BogdanGFTP]

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