Creating Token and how to exchange my token with other coins?

akra007027

Hey everyone, I've created the new token recently. I tried to use existing stellar wallet to make transaction of my token, but I face some serious problem. To accept the token in destination address, they should be trust asset action from destination side. whenever I create a new wallet for users in our new platform, I need to give them 1XLM because to validate stellar wallet account we have to make at least one transaction. we need to validate account to do trust asset. so if the user is 1M, we need to spend 1M XLMs. That's the problem. Isn't there any way to do trust action without using XLM?

deylandra

I'm afraid not. I have this same issue with my users.

Not only do I need to pay money to fund everyone's account, I have to do that trust action over and over and over again.

Because my users are noobs, it is too complicated for them to do it themselves in most cases.

But the advantage of Stellar is that the transactions themselves cost next to nothing, compared to large fees for bitcoin, Ethereum, litecoin, etc.

I'm a bit curious as to how this would all work on Eos and whether it would be easier to do.

akra007027

Thanks for replying. But I have so many users over 10 milion. so it's very important for me.

deylandra

Have you considered Eos?

akra007027

Do I need to use EOS? Is it secure, fast and smaller fees?

deylandra

Eos supposedly doesn't have any fees for the end user.

It might be cheaper depending on your use case.

amadeuao

Hello,

If you have indeed 10m users and your solution is innovative you can approach the Stellar Foundation to support you with airdrop to fund the user accounts, at the end of the day you are helping the ecosystem.

What we did on our exchange was using tag numbers, basically the wallet is the same for every users and each user has a tag number so when the user wants to make a deposit he/she informs the destination tag. With that we did only one single trustline and it will save you money.

Thank you