As cryptocurrencies and blockchain technology continue to gain popularity, more individuals, entrepreneurs, builders are becoming interested in the possible uses of this decentralized technology. There are more and more Web3 entrepreneurs, and more and more business opportunities for them.
Nevertheless, despite its potential, many people find it challenging to properly understand and make use of blockchain technology due to its complexity and scripting. As a result, a significant portion of individuals and businesses are struggling to tap into the crypto space and are missing out on the numerous benefits that it offers. This is where no-code technology comes in, offering simplified interfaces and user-friendly platforms that allow anyone to create and customize blockchain-based applications without extensive coding knowledge. In this article, we will explore how no-code technology is changing the game in the world of token and the implications it has for the future of the industry.
History behind no-code platforms
No-code platforms for creating a token are a relatively new development that have arisen in reaction to blockchain technology’s complexity and technical nature. We can almost say that the first type of no-code solution were smart contract standard, like the Ethereum’s ERC-20 standard. It was not implemented until 2017, although the first attempts to create such a platform date back to about 2014.
With the help of the ERC-20 standard, programmers can design unique tokens for the Ethereum blockchain without having to write the code for the underlying smart contracts. This has dramatically lowered the entrance barrier for companies and individuals looking to launch their own token, which in turn generated a rush of new tokens and ICOs (ICOs) in 2017.
This first democratization, as well as the greed of certain projects, had led to the ICO bubble, which eventually burst in 2018.
However, this democratization has allowed the entry of many new players and users into the blockchain industry.
Moreover, some of the biggest web3 companies today were born with an ICO in 2017.
This new wave of accessibility of blockchain could lead to a similar result in the long run. While we may indeed see (too) many projects launching in the short term, making the space more inclusive and accessible is bound to be positive in the long run. This will undoubtedly bring more innovation, creativity and possibilities. Everyone who has an idea will be able to implement it. In this way, the space will no longer be reserved for a handful of “elites” with a high technical mastery.
With the development of no-code in web3, we may be closer than ever to mass adoption.
Side.xyz, the ultimate web3 no-code platform
Side.xyz is considered by many as the ultimate no-code web3 platform. Indeed, Side is changing the game for web3 entrepreneurs. It enables users to develop and manage meta-ecosystems, NFTs, and tokens across multiple blockchain networks. With Side, users can easily build, launch, or improve any web3 project on the blockchain of their choice. The platform provides a complete ecosystem that allows users to create customized cryptocurrencies or just to fork successful ones.
Then, the user can create a project page for his project. On this page the user will be able to add a wide range of features (DAO, Staking, Token-gated membership space, KPIs, Chart, Swap…)
All this in a few seconds and without any technical knowledge
How to take benefit of no-code platform to build a crypto startup?
To start using a no-code platform, all you need is a MetaMask wallet and a few minutes of your time. Depending on what platform you use, you might also need to have some balance in your wallet to pay for the platform services, but the cost is nothing compared to the process of creating a token from scratch.
Some no-code platforms are more powerful and complete than others. Side.xyz is powerful, simple to use, and totally free.
To get started with Side.xyz, follow these steps:
1 – Sign up for an account on the Side.xyz website.
2 – Customize your cryptocurrency’s characteristics by selecting the appropriate fork and governance structure.
You can find many successful cryptos that you can fork directly. You can for example fork SafeMoon or Shiba INU.
(If you are interested to fork a token. Find out how to create your own Shiba Inu with our complete dedicated guide: How to create crypto like Shiba Inu using no-code platforms)
3 – Deploy and launch your token by creating and deploying the necessary code on the platform.
4 – Keep track of and manage your token, updating it as needed.
The good thing about Side.xyz is that you can use additional features to help you develop your crypto & token ecosystem:
With Side’s web3 page builder, you can easily create your own project page (or dApp) with these blocks:
- Token gated membership spaces
- DAO Governance
- Treasury management
- Staking
- And much more…
What no-code platforms unlock for you
No-code platforms open up a lot of opportunities for people who don’t have enough technical knowledge to utilize the blockchain. Here are some benefits that blockchain and cryptocurrencies offer:
Increased flexibility and control
No-code platforms allow you to create and customize your own token or blockchain-based application, giving you greater control over your project’s features and functionality. This can help you to create a unique and tailored solution that better meets your needs.
Improved accessibility
Without a no-code platform, creating a token can be a complex and technically challenging process that requires extensive programming knowledge. A no-code platform simplifies this process and lets anyone create and launch their own token or blockchain-based application, regardless of their technical expertise.
Cost savings
Developing a custom token or blockchain-based application from scratch can be expensive, requiring significant investment in programming talent and infrastructure. No-code platforms can drastically reduce the cost of creating a token, allowing businesses and individuals to launch their projects with lower upfront costs.
Increased speed to market
Traditional software development processes can be slow and time-consuming, with development cycles lasting months or even years. No-code platforms help businesses and individuals to launch their projects much quicker, potentially enabling them to capture market opportunities more rapidly.
New revenue streams
Cryptocurrencies can open new revenue streams for businesses, particularly in industries such as finance, e-commerce, and gaming. By creating and launching their own cryptocurrencies, businesses can potentially benefit from increased transaction volumes, reduced transaction costs, and so on.
Final words
Today, no-code platforms for creating a token have become increasingly helpful, offering a wide range of features and capabilities. They have given businesses of all sizes an opportunity to tap into the benefits of blockchain technology and cryptocurrencies, such as increased control of the business economics, accessibility, cost savings, and new revenue streams.
Looking ahead, it’s likely that no-code platforms for creating a token will continue to evolve and start to offer more options for businesses and individuals to customize their tokens and integrate them into other web applications. As the crypto space continues to grow and mature, no-code platforms will likely have to work on the scalability, security, and support aspects to democratize the access to blockchain technology and drive the mass adoption.
