Is it possible to create a Token, without much functionality on ADA?

Hello, sorry if this is a beginner question. I want to create a Token similar to ERC-20 on Cardano. Now with the new Mary update is it possible or do you we still need to wait for the goguen update? If yes, what are the cons for using ADA instead of BEP-20 or ERC-20? This would really help me out, haven`t found any answers!
Thank you
Nyan Cat!