I guess I have a few questions...
1) Are some platforms better or more trustworthy for creating new crypto currencies? Any recommendations?
2) I want this currency to have a fixed circulating supply. Does this mean that my coin should not be mineable? (I don't really know how mining works). Any recommendations?
3) My coin will mainly function as a currency. I was going to use the ETH20 protocol because hardware wallets seem to easily support it. Would there be any advantage to using a different protocol?
4) I'd like to eventually get listed on Bittrex, Poloniex, etc. Does this mean I need to avoid certain coin creation platforms? Any recommendations?
Thanks!
coins - a new type of mineable cryptocurrency with its own blockchain. ie. Litecoin, waves, ethereum.
tokens - a currency for which created under coins blockchain. example, a token created under ethereum. think of ethereum as a base to power your tokens.
the purpose of mining is to get the crowd to maintain the network. imagine google who spend hundred of millions to maintain their server to keep their softwares running, the invention of blockchain will allowed the crowd to maintain your server using their own computing power. in return, the crowd will be given some coins as incentive to maintain the network.
2) if you are looking for fixed circulating supply, you should create tokens.
3) if it will funtion like a currency, you should take a look at USDt (tether usd). let say you have 1000 usd in your bank account to backed these tokens, you should have only 1000 token circulating in your system. whenever someone give you back their token let say 100 tokens, you will burn this 100, so in your total circulation will be only 900.