How can we facilitate a token swap on the Internet Computer Protocol (ICP) using the ICRC-1 token standard? Let’s assume we’ve created a token named “JBTOKEN”. What would be the process to exchange it for ICP tokens?
Additionally, is it possible to informally transfer our JBTOKEN to a colleague, with the intention that they might exchange it for their ICP tokens to support our project? Is such a peer-to-peer exchange feasible and compliant within the ICP environment?
Do you have to use SNS to be able to tokenize your Dapp? think i am lost here - i know on Ethereum for example you can create any token and then add liquidity on say Uniswap and others can purchase it - how does that work here on IC ?
same here… ICP its permisionless.
SNS is a DAO where you can decentralize your project once is mature enough to present a business model + utility and let the community participate in it. Again, SNS is permisionless
Thank you - An issue I am having is - that it appears that if I want to let each user on my Dapp have their own wallet ( to use to pay for service on the Dapp itself - and transact among each other - looks like each person has to have their own canister - which obviously would be super costly - and wouldn’t make it possible to compete with Web2 or am I missing something? and once you create your token, you only need to add it to the p2p exchanger/dex and add liquidity?