3 Common mistakes at make a token on Solana

Creating a token easy these days, especially with no-code tools like those from smithii let you create a token just two minutes.

But this ease of use doesn't eliminate the mistakes that most people might make, whether they deploy their token or create it using tools like ours.

Today we are going to talk about the three most common mistakes people make when launching their token on Solana. To do this I asked an expert like our CEO, Jorge, what were these mistakes that I am going to give you now.

1. No marketing

It seems cliché to say marketing first, but many rush launches and presales without having created a sufficient community.

Out there, there's a world full of people waiting to be part of a truly token .

In the case of meme coins, the best marketing is to have started with an idea that is a good meme, an idea that the community enjoys sharing.

This isn't just about hyping up your token; it's about making sure people know it exists. Many projects make the mistake of thinking that just because they've created the token, people will magically find it. Spoiler: they won't.

Having a good meme leads to your advertising investment being totally organic, there will be thousands of people laughing in forums that we have no idea that exist with our meme and promoting it.

A meme coin that nobody knows about isn't going to generate much buzz, no matter how good its tokenomics or anti-sniping measures are. Without a community and content, no meme coin .

Failure to protect against snipers

Once you launch it, if you haven't done anything to prevent it, a bunch of snipers buying your token.

This will create a token artificial hype around your token , and then people will start selling en masse. And if you don't have enough liquidity to handle it, your project is doomed.

Many people use a bundle : they launch the liquidity pool and buy the token the same block, making it less profitable for bots to snipe. This is because it inflates the price.

There are tools and mechanisms to prevent these attacks from bots (and if you are using the tools from Smithii, you have it covered), but if you don't use them, you will be giving an open invitation to these bots to destroy your project.

3. Do not do tokenomics

I am going to be honest and here it is necessary to speak in 2 languages: the case of utility tokens and the case of meme coins.

When it comes to utility tokens, you need a well-thought-out token backed by sound tokenomics and transparency. If you don’t know how many tokens there will be, how they will be distributed, and what the long-term plan for the token is, you’re going to run into a huge problem.

When it comes to meme coins, this isn't the most important thing in the world. But roadmaps certainly are. In a good meme coin holder profile is extremely diverse, and it's possible that there is only one creator while the token distributed among thousands of holders.

Don't get me wrong—a meme coin have good liquidity and, if possible, show potential for the future—but a meme coin holder meme coin more meme coin by community sentiment.

Here is a complete guide with a free CSV on how to design your tokenomics.

Conclusion

Bro, I've already told you everything you need to know not to get it wrong (at least in a rude way), so now it's time for you to launch your liquidity pool and get rich.