How secure are the tokens I create?
All Token created via our platform are stored directly in Solana’s blockchain. Solana is now (8/2022) in 9th place in the Cryptocurrencies after Bitcoin with ar market capitalization of around USD 16,000,000. Currently above approx. 1,5 billion USD. See also https://coinmarketcap.com/de/
Which wallets can I use?
All tokens that are used via the Tokenwizard app are optimized for the Tokenwizard platform functions. This also gives you more functions such as a predefined address book, your color, logo, messages to app users and much more.
You can also use any wallet such as the popular “Trust Wallet” or any wallet that supports Solana. Currently (8/2022) these are over 64 of the most popular wallets, see here: https://solana.com/ecosystem/explore?categories=wallet
How can I import the created tokens into another wallet?
This is very simple, go to “Receive” in the wallet — Solana” and then send your tokens to this address.
Can I bring my token to an exchange or stock exchange so that it can be traded?
Yes, this is possible, the best way to do this is to contact our support. We will continue to offer a function in the portalwith which you can easily carry out this process yourself. Read for this but absolutely what you have to watch out for here!
What do I have to watch out for when uploading my token for trading on exchanges?
In particular, you need to know that a token is divided into 2 classes.
- Working Token
- Security Token
A working token is a token that looks like “bonus miles with airlines” or like a voucher that you buy. It either has no direct value, or always has the same value, or can only be traded like a voucher. Simply put, supply and demand do not determine the price of the token
A security token is a token that you release for free trade and supply and demand determine the price. This means that you are operating a financial product like a share, which is subject to financial market supervision in many countries and requires approval from them. You should definitely seek legal advice beforehand
What kind of tokens can I create with Tokenwizard?
You can create security and working tokens, such as NFT tokens.
Can I delete my Tokenwizard account and convert the capital invested in my tokens back into my currency (euros, dollars, Swiss francs, etc.) and pay it back into my account?
Of course!
Can I also add my other wallets (e.g. Bitcoin) to Tokenwizard and manage them in this way?
Yes, this is possible, please contact our support team.
What happens to my tokens created with TokenWizard if TokenWizard ceases to operate?
You can send your tokens to another wallet at any time and use them again.
