Do people still create new ERC20 tokens/projects nowadays?

[Suslived]

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!

[biddicoin]

there are many new coins/project created nowadays, but it maybe not as much as 1 year ago, but still there
it's normal, dev has 2 purpose for creating new project, the first wanna expand this industry and the second wanna take profit from creating project
that's why there are many coins still created until now

[DDante]

Few Ethereum erc20 based tokens are even better than projects with separate blockchain, what matters is the usability of the token because its real easy to create token projects and scammers are storming the eth platform mostly to scam people

[Ken_terrance]

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 people still create erc20 tokens till date and mostly to scam people all in the name of fund raising, no doubt we have good projects running on this token platform but many of them are disappointing, erc20 has the most scamming projects in the entire crypto space

[Katashi]

I think ethereum is still the widely use platform for start-up projects because its easy to use that even an average developer can create a token easily. i also notice that 5 out of 10 new projects are still under the ethereum blockchain and if i'm not mistaken, majority of the coins on the market is erc-20 type.

[erickastella]

yes in fact, ER20 tokens are still very popular now many ICOs out there still use the ER20 platform because it's easy and fast, even though there are many that rival it like the EOS and BNB platforms. but that does not prevent the ERC20 platform from developing.

[aprilnot]

to date there are still many people who make tokens from ERC20, even though the ICO party is over. just see there are still many new projects released at the moment, and on average using the ERC20 smartcontrac. I think the ethereum platform is still reliable today, that's why there are still many people who use it, even though there are many similar platforms like EOS, TRON, Staller, ADA, and waves.

[Byakuga]

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

90 percent of projects i keep seeing on here are all erc20 tokens, they are easily built and unlike tron that cares about which project is running on its blockchain eth doesn't care, whether you have bad intent for creating the token or not eth blockchain doesn't care thats why its best for scammers

[OasisDre]

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.

Which is why we keep getting crappy built projects with worse teams and developers, i think creating coins and tokens shouldn't be for everyone, i wish that only qualified personnel can built projects but its not the reality today, even those with zero knowledge are building projects, more scam projects will only result in lesser trust

[ajiz138]

The token that was created on the Ethereum ERC20 platform has indeed been reduced drastically, because it has been doing mainnet using their own network that is based on the blockchain. Even so ERC20 tokens are still in use because ERC20 is easy to use and very cheap, making tokens on the ethereum platform also easier. Maybe this only takes time, when Ethereum 2.0 has been launched, the technology will be more developed and more and more Ethereum platform users.

[takngantuk]

for now there are still many. but going forward, I doubt ethereum will survive. there are many good Dapps Platforms, and if ethereum does not have fast or slow progress many projects will migrate to other platforms or even create their own blockchain. one of the problems at ethereum is their slow development. This is not a secret anymore, but many are disappointed with the ethereum team because of this. for this reason many projects are beginning to rethink whether they continue to use ERC20 or not.

[ecnalubma]

ERC20 are just like other coins but they are dependent only on Ethereum network. Projects prefer to use it because it is more simpler than creating their own coin running on independent blockchain. Yes ERC20 is still useful for it serves basic purpose.

[beerlover]

I feel like people are still doing it but on a small scale, nothing major. If you are interested in new tokens then you will follow them but if not then you wouldn't even hear them. Back in the day when there was a new token coming up everyone heard about it, there was huge news about even the smallest of ICO's but now that those days are over the only ones that get to hear about the new tokens are the people who are really interested in them, rest doesn't even hear about it.

So, they still happen, people still create it but there is no more success stories going around how this coin made %1000 or that coin skyrocket and what not, it doesn't happen anymore. I hope it gets back one day tho, I really miss those awesome ICO days where people made super high amounts of profits for being an early investor.

[Pearls Before Swine]

I am no expert in smart contracts or ERC20 tokens, but I know what they are and I have been looking at the ico's that have been coming out for the past few years and I don't think Eth has been put to great use.  It has such potential but most of the tokens that have been created are garbage and are or will become worthless in time.

Maybe at some point in the future we'll start seeing real, honest projects which have devs with great ideas instead of scams or cash grabs.  That's all it is right now, unfortunately.

for now there are still many. but going forward, I doubt ethereum will survive.

No, I have no doubt Eth will survive and it will remain #2 to bitcoin for a long time, tho it will never surpass it either in terms of market cap or adoption.  Eth and its features are just very underutilized. 

[sazonk]

Yes the process of making ERC20-based tokens until now is still being done and people can easily and cheaply make new tokens as a result of ERC20 regeneration, but unfortunately little or much is used for things that are not good and of course you already know, culminating in a scam.
If I may argue that this ERC20 should raise the criteria for making new tokens, so that it will be more difficult and not considered a toy.

[bhabygrim]

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

I stop on hunting bounties and searching for ICO ,
But in the bounty section of this forum we could still see some ICO bounties available,
And it should clearly answer your question, There are still some people who are creating an erc20 tokens up to this date.

[CjMapope]

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

the NEW ERCs are where its at nowadays man, too many scamcoins are ERC20, they have bad rep now
the NEW EIPs have brought in "ERC20d" and "ERC721"  (non fungible assets)
the cool use for ERC721 is tradable assets, when you see all these crypto-collectible games like cryptokitties? thats ERC721

[Yaunfitda]

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

Even less when you hire someone from Fiverr!!!

But I think many projects are still using ERC-20, I mean it used to be the gold standards of ICO specially in the boom (2017), but new projects are moving to new blockhains such as EOS and Tron. And with that said, there's a lot of pressure on their shoulders now, and specially the much touted ETH 2.0 is going to be released in 2020. Otherwise, developers are going to shift to a more stable and fast blockchain for their projects.

[Gotumoot]

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.

Regulation is most needed to restore investor confidence in the ICO. Because as long as the scammers do not disappear, they will continue their task of stealing.

And that should be the focus of ethereum!

[btcdie]

some people still use or make ERC-20 tokens, but only in part. Many ERC20 competitors, like the example of TRX (tron) where the TRC10 and TRC20 based blockchain tokens are easier to make, even people who don't understand programming can also make their own tokens for their business, just prepare 1 TRX (tron) you can make your token alone.