Dapp: accept payment in ETH or create an ERC20?
I have an actually useful crypto project (Ethereum) pretty much ready to go. It's a simple Dapp with a pay-for-play model. I'm going to launch it no matter what because I can use it as a piece of infrastructure for my main project.
Now for my big question: should I create my own ERC20 & accept that for payment or just accept "straight" crypto on the main chain (e.g. ETH, ETH2)?
I doubt launching an ERC20 is a good idea because it seems like a coin's valuation is inversely correlated to actual utility & my app has a very straightforward use case / utility. I'm wary of falling for the whole tokenomics BS trap
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If you create your own token, how do you ensure that there is liquidity? You token's value would be pegged to the success of your app and vice versa.
Without knowing what the dapp does it's hard to know though.
I see this was posted a while ago, what did you decide?
No decision yet. It's a bit of a slow-motion side project.