Do people still create new ERC20 tokens/projects nowadays?

[Ucy]

 What are tokens used for? — they're some sort of values for applications built ontop of Blockchains. You cannot tell someone with great idea not to build stuff on top of Blockchain with a reward system. He/she will probably build a brand new Blockchain if you make building on existing Blockchains impossible.

Can you stop people from creating websites because they create nonsense? Or will you stop them from implementing rewards systems based on mere points they can exchange within their communities?

[trauchot]

Ethereum is still the king of altcoins and will most likely be for a very long time, and therefore ethereum technologies and capabilities are very necessary and the creators of cryptocurrency projects understand this and therefore create their cryptocurrencies on the ethereum blockchain and people will continue create cryptocurrency projects on ethereum blockchain while ethereum will be very popular.

[pandanaran]

You can look back, where when the beginning of ico appeared especially ico ethereum, you can imagine how great the ico ethereum project was and at the same time it was built on their platform to grow so fast and very profitable, and then in 2017 ico was increasing and many companies have flocked to develop their own ico project until now. but the problem is that many developers misuse the ERC20 platform as a form of schemes to get rich.

[ATSgrowth]

For sure, creating ERC-20 tokens is so easy, you can create your own token in few minutes, but then there is the problem of the usecase.
ERC-20 tokens use ERC-20 standard, that means that all of them have same features - it is cool?

[CryptoVzla]

Because erc20 is running on ethereum network, and as you can see now.. ethereum is 2nd rank on coinmarketcaps
and their platform is very popular to create token with cheap fees , with 1$ you can create your own token on ethereum chain

[Wysi]

I think most IEO projects are using eth smart contract and used erc20 tokens. So I think that is really useful at all dont you think? The only problem with erc20 tokens is this is been used by scammers to fool many investors for a fake ICO investment. Literally project used erc20 tokens but have plan to launch their own chain.

Yes ERC20 tokens are still being created and they will continue to exist in the market and yes there are some ICO using stellarport and some are based on other platforms but ERC20 still remains popular. If they come up with a KYC system for the developers who wants to create a token then it would keep the scammers at the bay because of scammers ERC20 platform has taken a hit on it's reputation because we think ERC20 tokens as scam just because anyone can create a token based on it. It's updo them now to do something to save their reputation.

[poldanmig]

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

for the ERC-20 ethereum platform indeed since the decline in interest from ICO has made many people judge that the token is full of fraud. this year a new platform has emerged and its reputation is quite good. Binance Chain. many who were previously on the ERC-20 platform migrated the Binance Chain to get into Binance Dex.

[Hippocrypto]

erc20 is still widely used but only while there are many new projects using erc20 then after that they make their own blockchain with their respective coins. I think erc20 is only a temporary platform for new projects.

Some of the new erc20 token projects nowadays has not assurance to be successfull on their listings at trading sites. Indeed it was temporarily used at IEO exchanges, but not yet gaining adoption by many since these coins was having small demand. The market has not been fully recovered from the dip, so we can't expect new project to gain good results as of now.

[Pinkris128]

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

There are still few that emerges and getting launched ERC20 based projects. Although, the hype for those tokens are over, there are still people who develop it because it's cheaper for them. Personally, I don't see their use anymore. Most of the coins I see are copycat of previous ones, even the idea or purpose of the coin.

[Absolutep]

People still create Erc20 token.It is very easy to create this coin and that is why many are in it and will surely continue to create more. Thought you might say they are useless but it all depends on the use case. Some Erc20 coins are still doing well.

[mickey_miner]

Of course they create, only not in such huge quantities as before.
Someone creates tokens in order to understand how this works. There will also be projects that will enter the cryptocurrency market in order to occupy their niche and earn money, which means that they will create new tokens.

[stephanirain]

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

ERC20 projects are still being launched, although the raising of funds are getting difficult for then due to the bad reputation of ICOs for the past two years. It's simple to use than to create their own blockchain. There are few "useful" erc20 tokens like BAT. But many others are not popular in the market.

[MUG1WARA]

of course there are still many people making it, see every day there are a lot of new bounties popping up, Ico is still not completely over because there are still some ICOs that can attract investors
ERC is more widely used because it is very easy to understand even by people who are not familiar with blockchain

[tippytoes]

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

ERC20 projects are still being launched, although the raising of funds are getting difficult for then due to the bad reputation of ICOs for the past two years. It's simple to use than to create their own blockchain. There are few "useful" erc20 tokens like BAT. But many others are not popular in the market.

I guess, the OP knows by now the answer to his question. As you can see also in this forum alone, everyday you can see a new project and the chance that it is under eth is very high. But yes, though they are still creating and launching projects under eth, the raising of their respective funds has no assurance because most of those investors were already burnt for the past 2 years having these ICOs. Yet, they are still taking their chances from those investors.

[JeffBrad12]

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

ERC20 projects are still being launched, although the raising of funds are getting difficult for then due to the bad reputation of ICOs for the past two years. It's simple to use than to create their own blockchain. There are few "useful" erc20 tokens like BAT. But many others are not popular in the market.

I guess, the OP knows by now the answer to his question. As you can see also in this forum alone, everyday you can see a new project and the chance that it is under eth is very high. But yes, though they are still creating and launching projects under eth, the raising of their respective funds has no assurance because most of those investors were already burnt for the past 2 years having these ICOs. Yet, they are still taking their chances from those investors.

Definitely true. Project with ERC20 based token are till appearing one sfter another but people are just burnt out to this kind of thing resulting in failing of gathering fund. Most of people have switched over to IEO which majority of them are using the exchanges’ blockchain.  Despite of that the erc20 token from the old days still have its dominance anyway it just time passes and everything is changing slowly.

[gundala]

many still use, of course.  convenience, economical, full featured, and popularity are considerations that can not be missed.  rather than making your own chain or using other chains that are less popular, using erc20 is more effective.

[crzy]

many still use, of course.  convenience, economical, full featured, and popularity are considerations that can not be missed.  rather than making your own chain or using other chains that are less popular, using erc20 is more effective.

Some projects are still good uncer ERC20, and many are still planning to have their own project under ETH platform. Despite of the negative impression about ICO today, I still believe to see a good projects, and with a help of ETH, the ICO will be great again. I’m still open for erc20 project, i just need to wait for a good one.

[TastyChillySauce00]

many still use, of course.  convenience, economical, full featured, and popularity are considerations that can not be missed.  rather than making your own chain or using other chains that are less popular, using erc20 is more effective.

Some projects are still good uncer ERC20, and many are still planning to have their own project under ETH platform. Despite of the negative impression about ICO today, I still believe to see a good projects, and with a help of ETH, the ICO will be great again. I’m still open for erc20 project, i just need to wait for a good one.

You should not mention the word of ICO caused by investors have already lost their interest to invest in it dude. As you can see about IEO becomes a trend right now and that means if the adoption gets centralized on IEO. The majority of IEO nowadays are still using ERC 20 as the main token asset except some coins were launching on IDO.

[pant-79]

Most of these IEOs popping up still has their tokens on the Ethereum blockchain and that includes even new exchanges as well, hell even the old ones still has their tokens in Ethereum Blockchain and many of them would never migrate, all you need to do is just go to the announcement channel and you would notice that atleast 80% of the new projects posted are using the ERC-20 token standard.

[gwaposakon]

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

Contrary to your question, I think ERC20 is enjoying wide adaptions in many crypto projects using smart contracts. Maybe news of scam, hacking, etc. affects the state of crypto, but ERC20 still continues to grow and have the support from many crypto projects.