How much does it cost to create a token Solana? A comparative analysis
There’s a lot of information on forums about how much it costs to create a token Solana, and the figures vary widely depending on the methods people use. But in this post, I’m going to share a reliable method that always works and has a fixed cost.
We will focus on calculating the total fees to create a token on Solana without programming and then we will add the costs of creating the liquidity pool together with the openbook market.
How much does it cost to create a token on Solana?
The cost of creating an token is what you pay to have full control over the token in your wallet without writing a single line of code. In short, this is the easiest way to have your own token, and we can break down the costs into three categories, depending on what you plan to do next:
- A very inexpensive option: we simply use Smithii token Smithii revoking any authority. Our token in our wallet 0.3SOL. The downside is that most exchanges do not accept tokens without revoking the Freeze Authority, so you won’t be able to launch a liquidity pool. If your token a different purpose, then you can choose this option.
- Economic Method: This method allows you to list your token exchanges, as most require that you revoke the Freeze Authority. The cost of this option is 0.4SOL, since revoking the authority adds 0.1SOL final cost. The problem arises when your token through tools like RugCheck and the likelihood of a scam is high because you haven’t revoked the other authorities.
- Effective form for investors: This form, although it is the least economical, is the one that assures the most confidence with the investors in the exchanges since they can see that all the authorities are revoked. The cost of this option is 0.6 SOL.
How much does it cost to create the Liquidity Pool in Solana?
Once we have done either of the last two options we can launch our liquidity pool at Raydium.
Our main cost will be the creation of openbook market , which will be around the following values:
0.4 SOL: Openbook Market more economical.
- Event Queue Length: 128
- Request Queue Length: 63
- Orderbook Length: 201
1.5 SOL: Openbook market of intermediate price.
- Event Queue Length: 1400
- Request Queue Length: 63
- Orderbook Length: 450
2.8 SOL: Best openbook market, avoids errors and supports large projects.
- Event Queue Length: 2978
- Request Queue Length: 63
- Orderbook Length: 909
To this you can add 0.1 SOL to perform the auto-snipe to avoid bots sniping when launching the liquidity pool. But it is just an optional amount.
TOTAL cost of creating a token launching its liquidity pool
Depending on how we chose to create the token the type of openbook market we have chosen, we will have the following cost breakdown:
Total Cost of Creating a Token Launching a Liquidity Pool
| Openbook Market | An Affordable Way Token | An Effective Way Token |
|---|---|---|
| 0.4 SOL | 0.8 SOL | 1.0 SOL |
| 1.5 SOL | 1.9 SOL | 2.1 SOL |
| 2.8 SOL | 3.2 SOL | 3.4 SOL |
The rates include 0.5 SOL which are Raydium's fees.
Conclusion
The cost of creating a token launching its liquidity pool on Solana from 1.1 to 3.8SOL. The higher fee only covers the use of advanced features such as “Snipe Tokenand all revocation options. The higher the fee you pay, the more secure the token will be, as you’ll be revoking certain permissions and adding features to your launch that will protect your assets from bots.
Compared to non-code tools on the market, Smithii is one of the least expensive platforms.
Create your token our free e-book!
Sign up to receive the best configurations and recommendations for creating a token or meme coin.
Industrial Engineer. Member of the Smithii's marketing team. Solana trader. Collaborator in the $SHRIMP memecoin launch.