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Tokens on Stellar
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#1
Hi Guys, I would like to share this news.

Jed Mccaleb, June 12, 2017:

Everyone is talking about tokens these days. At this past Consensus conference I was at a dinner and someone from poloniex was there. People were asking him how they decided what new coins to list and how they were going to keep up with the accelerating number of new tokens and coins that are being created. The answer was basically that they can’t. No one can. It will become an increasing challenge for exchanges to not only list all the tokens and coins people are asking for but to also create the multitude of pairs between all of them.

This is another reason we hope people start moving to a more decentralized exchange model. Instead poloniex could be a Stellar anchor for the tokens and coins it does support and these could then be traded freely with the tokens other anchors choose to support. But even better would be to avoid all that and just create your token directly on Stellar skipping the need for an anchor altogether.

There is clearly a lot of hype around these things now and although many will surely fall by the wayside a lot of them make sense and are moving things forward. What is great is that Stellar is built to keep track of any arbitrary token. It makes it very easy to issue a new token out into the world. There are a lot of benefits to using Stellar for this:

    Quick settlement. 3-5 seconds for a token holder to send the token to someone else.
    Cheap transactions
    Built in exchange with any other token, asset or currency in the network.
    Optionally control of who can hold your token.
    Ability to do voting, dividends or awards all in the same network.
    Unify how exchanges and others can deal with your token. If an exchange supports Stellar than it can easily list all other tokens issued on Stellar.

Let’s issue a token

It is trivial to create assets on Stellar. It was built to keep track of any arbitrary asset, or currency so can also be easily used for all these new tokens that are popping up.

Here I’ll walk you through how you do this technically by creating an example token…

Let’s say I want to make a HUG token. Anyone can send me one of these HUG tokens and I’ll hug them. I want to create 5000 of these and want to ensure the world that no more are ever created so no one has to be concerned with hug inflation.
There are wallets that provide an easier interface for many of these steps but I’ll just use the Stellar laboratory.

For more info about getting Hug token please visit this link:

https://www.stellar.org/blog/tokens-on-stellar/
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#2
Thank you for this info. Gonna read some about it.

Sent from my SM-G532G using Tapatalk
Hi!  :)
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#3
wow thanks for sharing this info. now i feel that i need a HUG. lol jk
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#4
Yes, im curious about token hug and will plan to purchase 1 hug = 30 xlm.
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#5
(19-06-2017, 09:06 AM)ehrz22 Wrote: Yes, im curious about token hug and will plan to purchase 1 hug = 30 xlm.

Lol You Bought One Right?
But You Must Travel To JedMcCaleb House To Exchange HUG Tokens


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#6
(19-06-2017, 09:18 AM)bahlulfahrul Wrote:
(19-06-2017, 09:06 AM)ehrz22 Wrote: Yes, im curious about token hug and will plan to purchase 1 hug = 30 xlm.

Lol You Bought One Right?
But You Must Travel To JedMcCaleb House To Exchange HUG Tokens

Does it really need to go there to exchange it? I read the whole post about it, maybe we need to keep it and exchange it if it can be traded online.
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#7
is that official token?
i mean jedmccaleb use it as an example. you need to hug to him to get hug token.
but i think token in stellar is a good idea
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#8
Thanks for sharing this info but still quite confuse on the process. Think i need make more research about it. Thanks anyways

Sent from my SM-G610Y using Tapatalk
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#9
(20-06-2017, 05:49 AM)justinecurtis99 Wrote: is that official token?
i mean jedmccaleb use it as an example. you need to hug to him to get hug token.
but i think token in stellar is a good idea

I emailed them and got a response that it is only an example of a token. Lets just wait in the near future Im sure they are planning to develop a kind of this.

(20-06-2017, 06:19 AM)mmhaimhai Wrote: Thanks for sharing this info but still quite confuse on the process. Think i need make more research about it. Thanks anyways

Sent from my SM-G610Y using Tapatalk

Yes, I got confused to. You can visit the link to know more.
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#10
(Yesterday, 04:39 AM)ehrz22 Wrote:
(20-06-2017, 05:49 AM)justinecurtis99 Wrote: is that official token?
i mean jedmccaleb use it as an example. you need to hug to him to get hug token.
but i think token in stellar is a good idea

I emailed them and got a response that it is only an example of a token. Lets just wait in the near future Im sure they are planning to develop a kind of this.

(20-06-2017, 06:19 AM)mmhaimhai Wrote: Thanks for sharing this info but still quite confuse on the process. Think i need make more research about it. Thanks anyways

Sent from my SM-G610Y using Tapatalk

Yes, I got confused to. You can visit the link to know more.

Lol Yes It Only Example
Creating Asset Is Very Simple
Just
Create Trustline
And Send Asset
I Think To Do This You Better Use SAZA
U Can Add Federation And Multi Sign In SaZA
Check My Link For Creating Asset
https://www.mystellar.org/thread-2647.html


Reply
#11
(Yesterday, 04:46 AM)bahlulfahrul Wrote:
(Yesterday, 04:39 AM)ehrz22 Wrote:
(20-06-2017, 05:49 AM)justinecurtis99 Wrote: is that official token?
i mean jedmccaleb use it as an example. you need to hug to him to get hug token.
but i think token in stellar is a good idea

I emailed them and got a response that it is only an example of a token. Lets just wait in the near future Im sure they are planning to develop a kind of this.

(20-06-2017, 06:19 AM)mmhaimhai Wrote: Thanks for sharing this info but still quite confuse on the process. Think i need make more research about it. Thanks anyways

Sent from my SM-G610Y using Tapatalk

Yes, I got confused to. You can visit the link to know more.

Lol Yes It Only Example
Creating Asset Is Very Simple
Just
Create Trustline
And Send Asset
I Think To Do This You Better Use SAZA
U Can Add Federation And Multi Sign In SaZA
Check My Link For Creating Asset
https://www.mystellar.org/thread-2647.html

But im really interested about the token. :)  If they will create it and give away some free tokens Wink
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#12
(Yesterday, 08:14 AM)ehrz22 Wrote:
(Yesterday, 04:46 AM)bahlulfahrul Wrote:
(Yesterday, 04:39 AM)ehrz22 Wrote:
(20-06-2017, 05:49 AM)justinecurtis99 Wrote: is that official token?
i mean jedmccaleb use it as an example. you need to hug to him to get hug token.
but i think token in stellar is a good idea

I emailed them and got a response that it is only an example of a token. Lets just wait in the near future Im sure they are planning to develop a kind of this.

(20-06-2017, 06:19 AM)mmhaimhai Wrote: Thanks for sharing this info but still quite confuse on the process. Think i need make more research about it. Thanks anyways

Sent from my SM-G610Y using Tapatalk

Yes, I got confused to. You can visit the link to know more.

Lol Yes It Only Example
Creating Asset Is Very Simple
Just
Create Trustline
And Send Asset
I Think To Do This You Better Use SAZA
U Can Add Federation And Multi Sign In SaZA
Check My Link For Creating Asset
https://www.mystellar.org/thread-2647.html

But im really interested about the token. :)  If they will create it and give away some free tokens Wink
I Want To Make One Too
But I Still Learning About Adding Fed And Multi Sig
My Idea Is Making A Coin With Monthly Interest 1%
And I Want To Distribute It Like Stellar Angel 
With No Max Supply 
50% For Interest 
5% For Dev
25% For Giveaway
20% For Donation


Reply
#13
(Yesterday, 10:00 AM)bahlulfahrul Wrote:
(Yesterday, 08:14 AM)ehrz22 Wrote:
(Yesterday, 04:46 AM)bahlulfahrul Wrote:
(Yesterday, 04:39 AM)ehrz22 Wrote:
(20-06-2017, 05:49 AM)justinecurtis99 Wrote: is that official token?
i mean jedmccaleb use it as an example. you need to hug to him to get hug token.
but i think token in stellar is a good idea

I emailed them and got a response that it is only an example of a token. Lets just wait in the near future Im sure they are planning to develop a kind of this.

(20-06-2017, 06:19 AM)mmhaimhai Wrote: Thanks for sharing this info but still quite confuse on the process. Think i need make more research about it. Thanks anyways

Sent from my SM-G610Y using Tapatalk

Yes, I got confused to. You can visit the link to know more.

Lol Yes It Only Example
Creating Asset Is Very Simple
Just
Create Trustline
And Send Asset
I Think To Do This You Better Use SAZA
U Can Add Federation And Multi Sign In SaZA
Check My Link For Creating Asset
https://www.mystellar.org/thread-2647.html

But im really interested about the token. :)  If they will create it and give away some free tokens Wink
I Want To Make One Too
But I Still Learning About Adding Fed And Multi Sig
My Idea Is Making A Coin With Monthly Interest 1%
And I Want To Distribute It Like Stellar Angel 
With No Max Supply 
50% For Interest 
5% For Dev
25% For Giveaway
20% For Donation
Nice. Wish you success in the near future :) is it not hard to do that?
Reply


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