Make own token

patriotnews

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Anyone here ever made their own ETH token?

I have an idea for a token, and would just love to hear from anyone that has done it.
I even know how to go “to the moon” with my coin idea.
I have a good marketing idea for it, and a budget behind this project as well.

I am just looking for some input from those experienced on token building.
 

Castamir

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Anyone here ever made their own ETH token?

I have an idea for a token, and would just love to hear from anyone that has done it.
I even know how to go “to the moon” with my coin idea.
I have a good marketing idea for it, and a budget behind this project as well.

I am just looking for some input from those experienced on token building.
I know how to create a token. I and my friends are planning to launch one but we decided to make it big and get llc and bank accounts from US.
 

xvideoscare

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I Started one. It went terrible. Do it only if u have energy, enthusiasm, creativeness, labor and money.
 

myitro

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Anyone here ever made their own ETH token?

I have an idea for a token, and would just love to hear from anyone that has done it.
I even know how to go “to the moon” with my coin idea.
I have a good marketing idea for it, and a budget behind this project as well.

I am just looking for some input from those experienced on token building.
Yes why not if you have the idea and know how to take it to the moon you should make it. And here you have a great SEO community to support you if your project is a worthy one.
 

VSYNC

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Building a token is easy... you can code it yourself using boilerplate very easily or even easier, there are apps that will create one without the need to code for a small fee.

The hard(er) part is tokenomics. Having a tokenomically dysfunctional crypto might as well be monopoly money.

To put it in perspective. The most you would ever pay for hiring a dev to create a token for you is maybe $1,000 if it's really complicated in its functionality and if you have literally no idea about how ETH dev works.

The most you can pay to have tokenomics done for a project is about $150,000 - $200,000, and many of the top 100 have paid that or close at some point in time.
 
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Kuzno

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You can use mywish dot io to create tokens ETH, BSC, EOS, MATIC
 

nyiomp

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I think the major problem people have with this is the marketing part, and you are already said that you know how to handle it? So, give it a try and learn for yourself.
 

BassTrackerBoats

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I think the major problem people have with this is the marketing part, and you are already said that you know how to handle it? So, give it a try and learn for yourself.
The marketing part should be the easier part in my opinion... anyone can market those nonsensical tokens that are only created to take advantage of the gullible.
 

patriotnews

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I know how to create a token. I and my friends are planning to launch one but we decided to make it big and get llc and bank accounts from US.
sounds like you’re trying to convince us it will be big... save the sales pitch.

I Started one. It went terrible. Do it only if u have energy, enthusiasm, creativeness, labor and money.
what went wrong? What could the rest of us learn from this?

Yes why not if you have the idea and know how to take it to the moon you should make it. And here you have a great SEO community to support you if your project is a worthy one.
Lots of reasons why not.
lots of reasons to do it too.
Which is why I am looking to hear fro. Those who have.

Building a token is easy... you can code it yourself using boilerplate very easily or even easier, there are apps that will create one without the need to code for a small fee.

The hard(er) part is tokenomics. Having a tokenomically dysfunctional crypto might as well be monopoly money.

To put it in perspective. The most you would ever pay for hiring a dev to create a token for you is maybe $1,000 if it's really complicated in its functionality and if you have literally no idea about how ETH dev works.

The most you can pay to have tokenomics done for a project is about $150,000 - $200,000, and many of the top 100 have paid that or close at some point in time.
I can’t code anything. Lol
Where are you seeing the $1,000 price? Most companies I have talked to about making the token is $4-5,000

what part of tokenomics do you see being troubling?
I got a team from several major startups and relevant experience to my token idea, plus a marketing person.
I have an idea for a token that plays 100% at hearts/minds while also generating revenue independent from the token.
We considered Metcalfe’s law into the token’s value, and actually into it’s purpose.
Our foundershave all agreed to 10yr stake in their shares, no selling, nothing, just hodl for 10yrs.

now as for the value build of the token I’m looking at:
Role: toll; purpose: skin in the game; features: holding token qualifies 1 for x amount of credit within system(sorry to be a bit vague there but I’m sure you understand).
The “system” for the holder is something providing value to people and companies in a public relations sense, so that is the intrinsic value.
So, what part of tokenomics do you see being the issue?
 

PinguSpy

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Thousand of new coins have been released every single week.
It is so easy to create a new coin though.
Most of those shit coin I believe, it only took them lesser than 24hr to create both website and the coin(copy paste contract).

But the success of your coin depends on how lucky you are. If whales decided to pump your coin.
Most new shitcoin that just got releas they will attack and spam every telegram group.
Once the price pump into certain marketcap, the owner of the coin will dump their massive bags and move to another project.
 

patriotnews

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Thousand of new coins have been released every single week.
It is so easy to create a new coin though.
Most of those shit coin I believe, it only took them lesser than 24hr to create both website and the coin(copy paste contract).

But the success of your coin depends on how lucky you are. If whales decided to pump your coin.
Most new shitcoin that just got releas they will attack and spam every telegram group.
Once the price pump into certain marketcap, the owner of the coin will dump their massive bags and move to another project.
yeah those are pump/dump shit coins/tokens.

I’m looking more at a real coin/token, which sadly are less common, but still have great potential.
Like look at climatecoin and what it is trying to do with making carbon credits tradeable assets. If fully realized, that coin would be a game changer for carbon credits
 

andyframpton

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I believe there are a few good ideas which are being used but also it’s about getting the word out there and getting people to believe you coin is going to be better than a shitcoin. Once you do that then you could earn serious money.
Unless you are looking for a pump and dump then it’s a quick buck to be made.
 

VSYNC

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sounds like you’re trying to convince us it will be big... save the sales pitch.


what went wrong? What could the rest of us learn from this?


Lots of reasons why not.
lots of reasons to do it too.
Which is why I am looking to hear fro. Those who have.


I can’t code anything. Lol
Where are you seeing the $1,000 price? Most companies I have talked to about making the token is $4-5,000

what part of tokenomics do you see being troubling?
I got a team from several major startups and relevant experience to my token idea, plus a marketing person.
I have an idea for a token that plays 100% at hearts/minds while also generating revenue independent from the token.
We considered Metcalfe’s law into the token’s value, and actually into it’s purpose.
Our foundershave all agreed to 10yr stake in their shares, no selling, nothing, just hodl for 10yrs.

now as for the value build of the token I’m looking at:
Role: toll; purpose: skin in the game; features: holding token qualifies 1 for x amount of credit within system(sorry to be a bit vague there but I’m sure you understand).
The “system” for the holder is something providing value to people and companies in a public relations sense, so that is the intrinsic value.
So, what part of tokenomics do you see being the issue?
Anyone charging you $4,000/$5,000 to create an ERC20/BEP20 token are categorically ripping you off. Crypto/defi dev companies are setup to take advantage of founders that have no technical background. You can get a boilerplate smart contract, customise a few lines, and have it live on the ETH/BSC networks within about 30 minutes for free.

The $1,000 was at the absolute top end of anything reasonable, but even that's a pisstake tbh. It comes down to exactly what you want it to do though. I wouldn't pay $1,000 myself, but if you knew nothing about ETH dev and wanted to get a token made that could at least be reasonable for the effort of them building it and the value it would provide your project.

For your second question, there's not a part of tokenomics that would be problematic. The process as a whole if done wrong is problematic.

The way that value is economically infused with your token in an undeniable way (ie. any user can clearly understand the reasons that the token holds value) is the important consideration.

You need to understand core concepts like what token velocity is, for example, and if that is not managed correctly, your token will fail with a fair degree of certainty. As well as the mechanical considerations of your ecosystem being really, REALLY important, the perceptions of your community and potential users is almost equally important and stem from questions like "how would users perceive a lack/abundance of burning mechanisms within the context of the fact that the token has a limited/unlimited supply?".

So it's something that you or someone in your team will have to understand in a very deep way, or you'll need to hire people that understand it in a very deep way, or you can take a punt and try to build your own tokenomics which may lead to every minute and dollar you spend going to waste.

For a start, what I've noticed is that the token seems to be a major concern for you. The token should be a tool used to make an entire ecosystem function well, not the center of the ecosystem. If value is infused into your token and transported effectively throughout the model, that's very different to the token being the main consideration within the model.

Look at Theta (who I think have seriously amazing tokenomics). The value users can get from Theta and TFuel is present only because of the significantly more valuable functionality those tokens unlock. TFuel is a tool to create revenue streams and partnerships between retail users and corporate users, it's not the main focus of the value within the system for either of those groups though.

There's a lot to it and it's really important to dedicate significant time/effort/cash resources into getting it right mate.

I’m looking more at a real coin/token
My statements above are even more critical if this is the case.
 

patriotnews

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Anyone charging you $4,000/$5,000 to create an ERC20/BEP20 token are categorically ripping you off. Crypto/defi dev companies are setup to take advantage of founders that have no technical background. You can get a boilerplate smart contract, customise a few lines, and have it live on the ETH/BSC networks within about 30 minutes for free.

The $1,000 was at the absolute top end of anything reasonable, but even that's a pisstake tbh. It comes down to exactly what you want it to do though. I wouldn't pay $1,000 myself, but if you knew nothing about ETH dev and wanted to get a token made that could at least be reasonable for the effort of them building it and the value it would provide your project.

For your second question, there's not a part of tokenomics that would be problematic. The process as a whole if done wrong is problematic.

The way that value is economically infused with your token in an undeniable way (ie. any user can clearly understand the reasons that the token holds value) is the important consideration.

You need to understand core concepts like what token velocity is, for example, and if that is not managed correctly, your token will fail with a fair degree of certainty. As well as the mechanical considerations of your ecosystem being really, REALLY important, the perceptions of your community and potential users is almost equally important and stem from questions like "how would users perceive a lack/abundance of burning mechanisms within the context of the fact that the token has a limited/unlimited supply?".

So it's something that you or someone in your team will have to understand in a very deep way, or you'll need to hire people that understand it in a very deep way, or you can take a punt and try to build your own tokenomics which may lead to every minute and dollar you spend going to waste.

For a start, what I've noticed is that the token seems to be a major concern for you. The token should be a tool used to make an entire ecosystem function well, not the center of the ecosystem. If value is infused into your token and transported effectively throughout the model, that's very different to the token being the main consideration within the model.

Look at Theta (who I think have seriously amazing tokenomics). The value users can get from Theta and TFuel is present only because of the significantly more valuable functionality those tokens unlock. TFuel is a tool to create revenue streams and partnerships between retail users and corporate users, it's not the main focus of the value within the system for either of those groups though.

There's a lot to it and it's really important to dedicate significant time/effort/cash resources into getting it right mate.


My statements above are even more critical if this is the case.
I appreciate the input.
The token isn’t the important part, it was more looking for feedback from anyone who has rolled one out.



yes, just like fiat currency, tokens require velocity to remain profitable. With holds(stakes) for power and also transactions to increase demand.

theta is good, but it is a dapp network, not what my idea is.
Tokens as fungibles can also create their own value when infused as part of an ecosystem, without having a network that it powers.
Think of a coin, that would give share to carbon offsets, like climatecoin staples a carbon offset to every coin, the value is there for carboncoin in that intrinsic value. The role of the coin within it’s ecosystem is important yes, but not every ecosystem is the same.
The tokenomics for a theta coin and allowing dapp while powering a network is different from a value coin like climatecoin which is part of it’s value.

yes the team is important, having people who have experience, as the true coin willhave a team while a shit coin will have no one backing.

tokonomics is not super different from marketing/economics in the regular world, it is all about driving the message and presenting the value.
 

SirLouen

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Like look at climatecoin and what it is trying to do with making carbon credits tradeable assets. If fully realized, that coin would be a game changer for carbon credits
Extremely weird. All coins are ultra-carbon generators, and they pretend to reduce the carbon footprint through a coin. Officially we are mad AF.
 

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If you go through with it let me know so I can buy I shit load. I laughed at Satoshi all them years ago
 

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I appreciate the input.
The token isn’t the important part, it was more looking for feedback from anyone who has rolled one out.



yes, just like fiat currency, tokens require velocity to remain profitable. With holds(stakes) for power and also transactions to increase demand.

theta is good, but it is a dapp network, not what my idea is.
Tokens as fungibles can also create their own value when infused as part of an ecosystem, without having a network that it powers.
Think of a coin, that would give share to carbon offsets, like climatecoin staples a carbon offset to every coin, the value is there for carboncoin in that intrinsic value. The role of the coin within it’s ecosystem is important yes, but not every ecosystem is the same.
The tokenomics for a theta coin and allowing dapp while powering a network is different from a value coin like climatecoin which is part of it’s value.

yes the team is important, having people who have experience, as the true coin willhave a team while a shit coin will have no one backing.

tokonomics is not super different from marketing/economics in the regular world, it is all about driving the message and presenting the value.
I think you'll do alright mate. If you feel like bouncing anything off me in pm feel free. I'm quite far down the path you're headed down.
 
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