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Author Topic: Launching my own token today; some questions.  (Read 72 times)
Mrtulman (OP)
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November 18, 2021, 04:49:20 AM
 #1

Hello everyone, recently I decided to launch my own token so I will be able to pay to people I am working with with my token.
Of course, I require a lot of work to get it to point where it actually have a value as a token but you should leave that to me. Smiley

Anyways, I have already made a marketing plan and things will be executed according to the plan.
However, I believe that there are many mistakes that can came into the way. and for this reason I would like to get an advice (if possible, ofcourse) and at the same type asking a few questions.


1. I can create my own token using a ready-made code and deploy it on ETH remix but I am not a developer. I was wondering if it will be a good idea to create a token at cointool, pay their fees but being able to execute multiple options like airdrop,automatic liquidity pool added to pool from each transaction, etc. but, I am afraid being dependednt on a third-party platform. so my question to you as a dev: should I go for it?

2. Total supply: I am going to run the token on Pancakeswap. ofcourse, It cost money to provide liquidity. the thing is, that the more my token will be valued = the more I will have to add BNB to the staking pool. my question is, what is the recommended amount of tokens I should create to avoid inflation and being legit at the same time + keep it cheap to provide liquidity?

What are the advanteges / disadventage of having high cap vs low cap; cheap token or expensive token. cause the value will be decided when adding to the pool.

Thanks



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November 18, 2021, 08:25:03 AM
 #2

Hello everyone, recently I decided to launch my own token so I will be able to pay to people I am working with with my token.
Of course, I require a lot of work to get it to point where it actually have a value as a token but you should leave that to me. Smiley

Anyways, I have already made a marketing plan and things will be executed according to the plan.
However, I believe that there are many mistakes that can came into the way. and for this reason I would like to get an advice (if possible, ofcourse) and at the same type asking a few questions.


1. I can create my own token using a ready-made code and deploy it on ETH remix but I am not a developer. I was wondering if it will be a good idea to create a token at cointool, pay their fees but being able to execute multiple options like airdrop,automatic liquidity pool added to pool from each transaction, etc. but, I am afraid being dependednt on a third-party platform. so my question to you as a dev: should I go for it?

2. Total supply: I am going to run the token on Pancakeswap. ofcourse, It cost money to provide liquidity. the thing is, that the more my token will be valued = the more I will have to add BNB to the staking pool. my question is, what is the recommended amount of tokens I should create to avoid inflation and being legit at the same time + keep it cheap to provide liquidity?

What are the advanteges / disadventage of having high cap vs low cap; cheap token or expensive token. cause the value will be decided when adding to the pool.

Thanks




Pair with BUSD on BSC
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Partner with 0xMonero and other projects (especially ones with farms)
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vv181
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November 18, 2021, 09:39:11 AM
 #3

1. I can create my own token using a ready-made code and deploy it on ETH remix but I am not a developer. I was wondering if it will be a good idea to create a token at cointool, pay their fees but being able to execute multiple options like airdrop,automatic liquidity pool added to pool from each transaction, etc. but, I am afraid being dependednt on a third-party platform. so my question to you as a dev: should I go for it?
Absolutely not, and not even by manually creating it, thus all your other questions would be invalid. Nevertheless, no one can't tell you what to do.

But here are my thoughts, there are an enormous amount of cryptocurrencies and tokens that are made without any use cases and utility, what made you think without any specific skillset that you have, how you will be able to get your tokens to gain any values? by exaggerated shilling it? by scamming people? or just a pure simple meme token?

Even if you are able to create it without any third-party apps help, I doubt it will be worth the effort and the money! If your motive is here to learn, then I'm sure it is probable, but to work on it professionally, nope.
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November 18, 2021, 09:52:19 AM
 #4


1.  so my question to you as a dev: should I go for it?


Remember this, You can't successfully run a working project single handedly especially if you didn't know how to code on smart contract. You should form a team and hire a developer incase you didn't know technical stuff. Don't pursue if you will do it alone and rely only on 3rd party services, It will give you limitations and cost money during maintenance for upgrades and bug fixing.

what is the recommended amount of tokens I should create to avoid inflation and being legit at the same time + keep it cheap to provide liquidity?

Most of the startup project especially the project that didn't do ICO starts with at least 10,000USDT in Liquidity and you should lock it via smart contract if you want your tokens to be trusted. Then apply for yield farming listing if you have already investors so that you can let them stay holding through having a passive income by staking.


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Mrtulman (OP)
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November 18, 2021, 12:14:14 PM
 #5

I have been in the business for a while and WAS running a few projects. I have experience in working together devs as a team and setting up a structure of framework.

This is not the issue in here.

I actually have a real use case for the token. I am not asking you to believe my project because I know that there is a lot of sceptic people among us and I can understand why.

I want to take things to next level because I realized the potential after running a few shitcoins.

For me, anything besides ETH,BTC,AVA & MATIC considered as a shitcoins.

I have a few questions and any answer will be highly appreciated. Smiley

1. what price range you would recommend to start with and if you can, please explain why.
2. what Network you think is best to deploy your token and why?
3. Liquidity lock - What you think is the best % to lock and the same time being able to take some profits to fuel the project?
4. How do you handle bots taking over your listing and whale dumps? is there any tool who offers a solution?
5. How much tokens you think is a fair launch and what do you think about Safemoon automatic liquidity pool allocation ? what are the advantage and disadvantage for adding 5% to liquidity pool on each transaction.








Mrtulman (OP)
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November 18, 2021, 01:15:37 PM
 #6

1 Making token from smart contract its open source you can learn how to make it your own token without third party. CMIIW. the real challange is integrating it with your own project such NFT game. pros using third parties its mostly only click2 on their website you can make your own token . cons you pay higher cost for making it and they might be had rules to follow.

2 maybe people like token or coin with limited supply.

Sounds like a good idea. SHIB made something similar with Leash claiming to be "limited supply" it\s actually increase the value.
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