So lets say you create a token, as there are airdrops left and right (but few actually deliver), and people trade it, do you as the creator collect a portion of the transaction fees or just from ICOs?
The basic premise behind many of these are some unknown (and likely non-existent) business plan claiming to have less transaction fees than bitcoin. Seems like more of a reason to invest in steem, since steem is free.
I see most of erc-20s as junk with no future, even as the markets do unpredictable things. Your post answers a lot of questions that I had, and it is scary how easily they can be created.
Thanks for the feedback! :) To answer your question, no, Ethereum burns the transaction fees! As a creator, you get to keep a portion of the tokens created, depending on the percentage you claim for yourself in the whitepaper. The demand created by the ICO is what makes the tokens you are holding valuable, you can sell it for profit, but has nothing to do with transaction fees. Hope this answers your question!