Quote from: SarangWallet on Today at 10:07:11 AM

Quote from: Tokenista on December 03, 2020, 01:12:36 PM

Everyone who knows about DeFi, knows about Unicorn Token, and UniSwap, and probably Compound.

These are Ethereum ERC20 Token Smart Contracts, and there is another half to it, TRON TRC20 Token. The TRC20 is Free to make, and allows you to copy and part your ERC20 Solidity contracts into TronScan with just a few changes like your wallet address. TRON copied UniSwap and made JustSwap.

So, TRON and ETH are the main platforms, and there are currently several places to list your ERC20 Tokens on a DEX manually, but the ERC20 bar to entry is a little higher since it is not Free.

And yesterday, TRON put TRX in the Steemit wallet, so now there is a TRON Link Wallet in your Steemit account.

This means soon Steemit will be a place to not only earn money, but launch a Token. And people may think "doesn't Steem-Engine have Tokens? Aren't there SMTs?".

But I would ask anyone who does not understand this, to look at Bitshares Assets, found on the Cryptofresh Website by Googling Cryptofresh Assets.

Those Cryptofresh Assets were being traded by the Original Steemit Witnesses in 2016.

Bitshares Assets cost about 1 BTC to make, Steem-Engine Tokens require you to use KeyChain, and buy ENG, etc, it is not straightforward for a new person, and neither is ERC20. But TRC10 is.

TRC20 are Free unlike ERC20 (both are the same and Devs can copy each others code)

So now we will likely see hundreds of people launching TRC10s on Steemit, and building TRC20 Smart Contracts which interact with Steemit. TRC20 Steemit rewards Bots, etc.

So now DeFi has a Source of Income, as Steemit is one of the only places a Cryptocurrency is rewarded for real world effort, and is how most normal people understand "earning". So there is now a layer of Finance that wasn't there before.

DeFi now does Social Media.
DeFi will now not just be Discussed on Social Media, but is part of Social Media.

Currently DeFi is for ETH Miners, Maker DAI users, Bitshares groupies, and Bitcoin foundation types. So, really nobody.

Now, we will start seeing regular people, and even people in 3rd World Poverty, able to reach into DeFi.

Mixing Steemit and TRON Link also brings Poloni DEX and JustSwap to Steemit, which is again similar to but better than Steem-Engine. We are about to see a whole new way to look at Cryptocurrency apart from its "Digital Gold" image it currently holds with Bitcoin, and we are about to see everyone start to get involved. And TRON is just doing this first, there will be plenty more.

TRON and STEEM are both not a new Token. Not like UniSwap or JustSwap are each on a chain, these are now 2 Blockchains with different uses, coming together in the Wallet. One of which has dApps that live in the wallet.

Because very few have a solid group with the ability to make their stage happen. So look for the group that actually works on their project, not the group that works on controlling their advertising. If you can see that their location is at the end of beta time, ask if they are actually working on their business.

Yes, this is what I'm talking about. And we can actually see this present in Facebook's advertising rules now. ICOs are not allowed, because of this very issue we are getting into here. You simply can not trust someone saying "Buy my Tokens, there is nothing started at all yet, but I promise we will start when the ICO is finished", I personally think the best way to build a Token is to give them away, then Build everything to give them their Value as people start trading them, and having a STEEM-Engine or HIVE-Engine Bot helps, I actually have a Token on each. And the Model there is to get it in as many peoples hands as possible, so they now ask "What are these for?", then to provide that answer. We are waiting on COVID money still from the State to get our stuff started, because they have attacked my Wife's Business alongside Facebook attacking it, throughout the Pandemic.

But, to the point about Facebook's ICO rule. If I am advertising "Come Buy my Token, I have a Website and nothing started", that person is likely to just run off with the money. I use Facebook to Educate people about Crypto, to teach them how to do things and make their own Decisions, that is what you should advertise on Facebook to be like a "Crypto Guru" people might say, I know I just called it that, but I wouldn't call it that. I just use the term so people can understand what kind of service should be Advertised on Facebook. This way people can learn how to make their own ICOs from you, understand how they work, then Buy into yours after getting to know you.

And this then gets to your point of starting a Business and not focusing on Marketing.