Can I create new different types of Tokens in App

montymonty Posts: 1Member

I am not a developer and have a basic understanding of Ethereum. I apologize in advance if these questions really seem strange and silly but don't have anyone to ask these questions - I tried searching but didn't find similar questions.

So if anyone can answer the questions that I have, I would really appreciate it:

1- Can an app be programmed such that it creates a new token every week or every month - so if it issues Token A and Token B on launch - say after a few weeks, I want to issue Token C on app - can an app do that?

Can the app's code be updated to launch as many different tokens I want?

So suppose the app launches with Coin A and Coin B - both coins have a fixed total number each - can the app's code be updated to create a new Coin C and then a new Coin D and then a new Coin E (all of them with fixed supply in existence) - and so on - can the app developer create as many different type of coins he wants to exist for his app?

I have read around that a person can increase the total supply of coins in existence, but I am not sure about whether a completely different coin can be introduced in the app.

2- If an app has Tokens A and B and C - and users are transferring the tokens between each other - is there some gas required by Ethereum Blockchain to handle those transactions or is there some way that those tokens can be moved around and app only pays gas for other functions and not every transaction.

Basically will the app developer need to cover the gas costs if some user is just sending around a few of Token A between various wallets that they own? Is there some way to tackle that?

Can the app somehow remove only Token A from its custom issued wallets to users and just keep Tokens B and C in the system? Or freeze all Token A's so that they cannot be moved around and only Tokens B and C can be moved around etc.

3 - So let's say an app has coin A and then coin A1 and then coin A2 - can only the app creator and developer create new coins or can the community create another coin say A2 and it's hard to tell which A2 coin is the original one.

4- Is there a way to serialize tokens - add some number of identification to each individual token - so if an app wants - it can tell which wallet has Token # 345 of Token A



  • wadeaminutewadeaminute Posts: 32Member
    bump, interested to know the answer too
  • jerry_kanjerry_kan Posts: 4Member
    1. it's ok, there are several ways to do it, you may deployed a token every time you lauch a new ICO, or you put a contract which record a mapping about ICO->balances table
    2. If you record the balance on blockchain, it costs gas every time you change the state. if you want to let the app user use it freely, then you may let the server do the transfer, then it's you who will pay the gas.
    3. it depends on how you write the contract
    4. don't quite understand what you're saying
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