Strategy for launch a new token

[Bitcall]

I am launching a new token anchored to the sale of technological services and products, the services are already functioning but we wanted to introduce the possibility of purchasing them with a token managed by us, thus creating a real volume around the token in our possession. In your opinion, what strategy could be successful for such a token. In addition to marketing and announcement, how would you structure the currency? (number of supply etc) and which decentralized markets would you focus on? whereas the token is an ERC20. I know it is a vast and complex topic I would kindly ask for your opinion on which decentralized markets to aim for, and on how to best manage the token to make future profits from the increase in value of the token.

[jossiel]

As you have mentioned about the service.

It should be your main usage first for that token that you're going to be building. Those marketing and other stuff and even listing on the exchanges, they're just next to your priority.

Because if the project has a real usage and there's a company that's backing it up, the community is that you'll build is going to be sure with what you do because it makes the project stronger.

[Bitcall]

ok, but to sell my services using my token it is better to sell the token directly from my site or list the token on a decentralized market and start the token sale in parallel, from the market and from my service site

[jossiel]

ok, but to sell my services using my token it is better to sell the token directly from my site or list the token on a decentralized market and start the token sale in parallel, from the market and from my service site

IMO, to have it on both sides is good.

But can you do that all together at once? I think you have to do the other one first and then move forward. So whatever you see that has the potential in those markets you're listing it.

Then have your focus on the development if it's working.

[joniboini]

I suggest you not to add token to your existing services if it is not really needed. A lot of projects got screwed because of this, and in the end they just look like they're trying to get money by screwing people around.

If you really want to raise money I guess you can build a new project that tackles existing problems on the crypto space, such as decentralized escrow, decentralized lending etc.

[Bitcall]

I suggest you not to add token to your existing services if it is not really needed. A lot of projects got screwed because of this, and in the end they just look like they're trying to get money by screwing people around.

If you really want to raise money I guess you can build a new project that tackles existing problems on the crypto space, such as decentralized escrow, decentralized lending etc.

I find your point of view very interesting, honestly I hadn't thought about a similar scenario yet. The fact is that the services I offer are cloud mining and sale of mining machines, I can count on a large mining farm, the largest in my state, so already many customers are turning to me to enter this sector, that's why I thought to an expansion even with its own token, since it could easily become a bargaining chip for my services. thus creating your own currency, do you still think it is a Catholic idea now that I have explained the project to you better?

[jrrsparkles]

. In your opinion, what strategy could be successful for such a token. In addition to marketing and announcement, how would you structure the currency? (number of supply etc) and which decentralized markets would you focus on? whereas the token is an ERC20.

IMO, nobody will use your token for now even if you launch the project with actual use case because look at the gas fee required for an erc20 transfer at the moment which is over $30 so how can we expect someone to spend too much just for fee when we can do the same with other coins for few cents or even with the fiat with no real cost.

[Bitcall]

. In your opinion, what strategy could be successful for such a token. In addition to marketing and announcement, how would you structure the currency? (number of supply etc) and which decentralized markets would you focus on? whereas the token is an ERC20.

IMO, nobody will use your token for now even if you launch the project with actual use case because look at the gas fee required for an erc20 transfer at the moment which is over $30 so how can we expect someone to spend too much just for fee when we can do the same with other coins for few cents or even with the fiat with no real cost.

this is the main problem we are trying to manage .... i'm thinking that there is actually no way around it, other than trying to use a token other than an erc20 or find another strategy ... any ideas? I could count on blockchain programmers ..

[ryzaadit]

-snip-

Main token trading "ERC20"

Use-case the platform using other tokens, make your token is cross-chain supported various chain like "BSC/Polygon" most of project do this. Especially for Dapp & P2E project, they using a cross-chain token for using their platform. So people, really have option for the transaction.

People still like "ERC-20" because have more liquidity.

[Bitcall]

-snip-

Main token trading "ERC20"

Use-case the platform using other tokens, make your token is cross-chain supported various chain like "BSC/Polygon" most of project do this. Especially for Dapp & P2E project, they using a cross-chain token for using their platform. So people, really have option for the transaction.

People still like "ERC-20" because have more liquidity.

What exactly mean cross chain supported?
And also ppl still like erc-20 becouse have more liquidity?

[jeungo]

This means that the coin can be converted and carried through other chains besides the one you specified. Ether is expensive in terms of the cost of gas, since each distribution of tokens costs a lot of money, as for the BSC, the cost there is much lower, but in this niche there are a lot of fraudulent projects, without liquidity.

[jrrsparkles]

-snip-

Main token trading "ERC20"

Use-case the platform using other tokens, make your token is cross-chain supported various chain like "BSC/Polygon" most of project do this. Especially for Dapp & P2E project, they using a cross-chain token for using their platform. So people, really have option for the transaction.

People still like "ERC-20" because have more liquidity.

But imagine spending $30 for transacting and $100 for trading on DEX, its insane fee right and if I am not wrong most of the people invested the fee amount as their capital so they have to pay all for fee and take nothing? Cross chain border is possible but its too much task for a common investor who is not a techie so they may fall into issues and lose everything for silly mistakes so they will try to keep things simple.

[Bitcall]

-snip-

Main token trading "ERC20"

Use-case the platform using other tokens, make your token is cross-chain supported various chain like "BSC/Polygon" most of project do this. Especially for Dapp & P2E project, they using a cross-chain token for using their platform. So people, really have option for the transaction.

People still like "ERC-20" because have more liquidity.

But imagine spending $30 for transacting and $100 for trading on DEX, its insane fee right and if I am not wrong most of the people invested the fee amount as their capital so they have to pay all for fee and take nothing? Cross chain border is possible but its too much task for a common investor who is not a techie so they may fall into issues and lose everything for silly mistakes so they will try to keep things simple.

True, but mabye there Is away ti solve the problem with an API?

[jrrsparkles]

True, but mabye there Is away ti solve the problem with an API?

There are some maybe but still its more complicated then scan and set or cut = copy =paste = send, so the people who are going to take effort to make it possible are very less in my opinion.