Create and deploy your ERC20 token on Ethereum from scratch

You don't need to know anything at all, we will guide you through the whole process starting from choosing a wallet until your token is listed on an exchange and bought by investors.

Key tools for creating and deploying your ERC20 token on Ethereum

For every major need in the process of launching an ERC20 token project there is a Smithii tool to solve it. The main challenge in Ethereum and the crypto ecosystem in general is that starting your project requires advanced programming skillsto write a smart contract in Solidity (a programming language developed specifically for Ethereum).

Most people interested in Web3 are limited to being users rather than creators because of the technical requirements. However, the Smithii Tool Suite has emerged to simplify these complex processes, allowing you to create ERC20 tokens without programming skills. We walk you through the process and teach you how to use them.

Choose a wallet and plan your tokenomics

You need a wallet that consists of an address that will allow you to interact within the lockchain with digital assets, creating it is free and very simple and intuitive although you must choose which one to keep, the most popular is Metamask, it is a good option to start if you do not have one yet. Then, before moving forward with the creation of the token, you should think about its economics (tokenomics).

What are Tokenomics?

Tokenomics, a combination of "token" and "economics," refers to the economic model of the token. It encompasses factors such as creation, distribution, supply and demand, incentive mechanisms and burning programs.

Good tokenomics is crucial to the success of your project, provides a foundation for long-term scalability and helps bring investors closer.

By the way, the face you see in the tokenomics image is Jorge, our CEO & Founder. We are a fully doxxed team and we know that providing quality and transparency in the crypto ecosystem is an added value that makes thousands of people choose us every day.

In addition, all our online tools are audited, completely secure and we have a support team available 24/7/365.

What is an ERC20 token?

ERC20 stands for Ethereum Request for Comment, and 20 is its identifier number. It is the standard protocol for the creation of fungible tokens (transferable assets) in Ethereum and other EVM (Ethereum Virtual Machine) compatible lockchains such as Base or Polygon that were created following EVM parameters, but since they are not Ethereum's main network, they are known as Ethereum's second layer lockchain and their tokens as ERC20 Layer 2.

An ERC20 token can represent a financial asset such as Shiba Inu, a token within the Ethereum lockchain. The ERC20 standard has spread widely over the years, allowing wallets, exchanges and all Ethereum platforms to interact seamlessly, as they all follow the same protocol.

What is an ERC20 token for?

• Asset Tokenization: ERC20 tokens enable the conversion of physical assets, such as real estate or art, into digital tokens, making them easier to trade and more accessible to a wider range of investors.
• Governance: The distribution of ERC20 tokens within a community can facilitate governance by granting voting rights to holders in Decentralized Autonomous Organizations (DAOs).
• Decentralized Finance (DeFi): ERC20 tokens enable complex financial transactions, such as representing a participation in a liquidity pool, by being transferable and allowing automated processes.
• Loyalty and Rewards Programs: ERC20 tokens help develop loyalty and rewards programs for a community, incentivizing customer engagement and retention. For example, they can be used to perform an airdrop on Ethereum without programming.
• Fundraising: ERC20 tokens are used as a digital currency to raise funds through Initial Coin Offerings (ICO).
• Memecoins: These are SPL tokens created mainly with a humorous nature or for fun, closely linked to degen culture, but sometimes they can gain significant value and a community following. One example is Shiba Inu, an ethereum token that has been gaining popularity year after year.

How much does it cost to create an ERC20 token?

To make a token in Ethereum you need to create a smart contract, basically a code that exists within the lockchain as the basis for a certain digital asset, in this case a token. Behind the token there is a smart contract and knowledge of code is needed to build it.

Getting a developer to create a smart contract is very expensive, usually upwards of $200, so the online solutions offered by Smithii's suite of tools democratize coexistence in the cryptocurrency ecosystem by allowing anyone without coding knowledge to create their own token for as little as $35 (0.01 ETH).

Basically, the dApp we will use is called Ethereum Token Creator and works as a smart contract generator, the use of which carries the cost of just 0.01 ETH.

Any of the options you choose will lead to having your ERC20 token or Etehreum memecoin created and in your wallet.

Special considerations about creating meme coin in Ethereum

Marketing is an inseparable concept when making a meme cryptocurrency. It's just that they have no more functionality than that, being a meme. In terms of marketing, we must understand what drives the market (hype) and which platforms are the most used.

If we analyze objective data and examples of ERC20 meme coin success stories, most of the tokens with good publicity and higher yields generally use influencer promotions and are popularized in DAOs by Alpha Callers.

Other valued marketing actions are communities, social media platforms such as X, Telegram and Discord, and it is even highly recommended to explore the option of having a project's own website.

Create meme coin in Ethereum is Create an ERC20 token

Yes. Meme coins emerged as a parody or commentary on speculation in the cryptocurrency market. Over time, some of these coins have transcended their humorous nature, acquiring a community of followers and developing use cases in the crypto ecosystem, such as participation in lockchain games, NFTs and crowdfunding.

But anyway, if we refer to Create Meme Coin in ETH it is the same as referring to create any ERC20 token, with the difference of the humorous nature of the meme token.

Considerations before creating the Liquidity Pool

Creating a Liquidity Pool in a decentralized exchange (DEX) is the goal, but there are some strategic actions to take into account to generate hype around your token. Here the creation of community is key, on platforms such as X (Twitter), Discord, Telegram; make your token known on social networks such as Youtube and perform promotional actions with ads, ambassadors on X, influencers on Youtube, articles on relevant websites with crypto content, in short, the options are not exhausted.

The ultimate idea is to generate interest in your token and buying pressure by launching it in the liquidity pool.

In the previous lines we told you about strategies outside the lockchain, but you also have some tools inside the lockchain to promote your token. For this case, dApps like Ethereum Multisender to make airdrops take relevance.

Marketing for Ethereum tokens

To ensure the success of any token launched on Ethereum, it is necessary to think through and plan a robust marketing plan.

This is truly the best way to proceed, at this point you need to reach as many people as possible to increase the initial capital of your token. This way you will be able to get potential investors.

In the case of Ethereum meme coins, the first thing that is usually done is to create the community and then make the presale, but depending on the style of project you have your situation may vary.

Know your Audience

Knowing your audience is essential. Ethereum investors are usually looking for innovative, transparent projects with high return potential. It is crucial to clearly communicate the unique value of your project and its benefits to attract their interest.

Uses Key Platforms

There are 3 platforms that are the most widely used in the crypto world:

• Telegram: Perfect for real-time communication and building an active community. Create a Telegram channel to interact directly with investors, answer their questions and provide regular updates.
• Discord: Ideal for creating a dedicated community with different thematic channels. Organize AMA (Ask Me Anything) sessions and encourage detailed discussions about your project.
• Twitter: Useful to share quick updates and reach a wider audience or to share news to your niche.

Transparency and Trust Building

Transparency is fundamental in pre-sale marketing. Many projects indicate in advance to the community how they are going to distribute the supply of the token. This is what we call token allocation and it is exposed in tokenomics.

If you don't have a very detailed plan of what you are going to do with the presale money, at least make it clear to the public how much you are going to use to create the Liquidity Pool in Ethereum and how much for other activities.

Then you should keep investors informed with regular updates on the progress of the project. Transparency helps build trust and credibility in your project.

Collaboration with Influencers

Collaborating with recognized influencers in the Ethereum community can significantly increase the visibility and credibility of your project. Look for reputable and credible influencers in the Ethereum environment to promote your presale.

Airdrops and Rewards Programs

Implement airdrops and reward programs to incentivize participation and loyalty. The vast majority of tokens suffer a spike at launch that they never touch again because they do not have a community behind them.

How to do an ERC20 token airdrop in Ethereum?

As we told you before, without discounting the actions linked to the marketing of your project, making an airdrop in Ethereum will allow you to promote your ERC20 token or meme coin:

Create ERC20 token Liquidity Pool

We will create a liquidity pool that will be hosted on a decentralized exchange such as Uniswap, the most used in the Ethereum ecosystem. Uniswap is a decentralized exchange (DEX) that uses EVM (Ethereum Virtual Machine) standards, so you can create a liquidity pool of any ERC20 token.

When a token is available within a liquidity pool in a DEX, any user can buy and sell it.

Create a Liquidity Pool in Uniswap with Smithii

A liquidity pool is a set of funds created by the developers of a token to allow users to buy and sell that token at any time.

This liquidity pool is set up with a pair of tokens, combining the token in question with another token of set value (such as $USDC or $ETH). These token pairs are deposited on a DeFi platform, such as Uniswap, to facilitate exchange.

In this way, any user can acquire tokens from this liquidity pool in exchange for another token of set value that he/she deposits in the pool. Likewise, any user can sell tokens by depositing them in the liquidity pool and receiving in exchange another token of set value.

Considerations when creating liquidity pool in Uniswap

Finally, let's take a look at some of the most recurrent doubts when considering the creation of a liquidity pool:

Can I create my own liquidity pool in uniswap?

Yes, you can create your own liquidity pool on decentralized exchanges (DEX) such as Uniswap for ERC20 and ERC20 layer 2; Raydium for Solana or PancakeSwap for BSC. A liquidity pool allows you to deposit tokens into a smart contract, which facilitates the exchange of these tokens by other users. Creating a liquidity pool is a straightforward process that requires no programming knowledge, although a basic understanding of decentralized finance (DeFi) is helpful.

How much does it cost to create a liquidity pool in Uniswap?

The cost of creating a liquidity pool varies depending on the platform you choose and the lockchain on which it operates. Typically, you'll need to pay a gas fee to deploy the smart contract and add liquidity, which can range from a few dollars to several hundred, depending on network congestion. In addition, you'll need to provide an initial amount of tokens to fund the pool.

How to create a liquidity pool smart contract?

If you have programming skills, you can create a custom smart contract for a liquidity pool by coding in a language like Solidity for Ethereum-based projects. However, most users rely on existing DEX platforms that offer built-in tools to create liquidity pools without writing code, or better yet audited platforms like Smithii that provide online tools with an intuitive interface that makes the process of creating your Liquidity Pool easy.

Bots and Whales: What you need to know when creating a liquidity pool in Ethereum

One of the most relevant issues when launching a new liquidity pool in Ethereum, is the issue of sniper bots and whales, if you don't take precautions , they could exploit your liquidity (known as token exploit) and bring down the dreams of your ideal project. Here we share with you everything you need to know:

Now that you know the basics about bots and whales on Ethereum, check out the online tools Smithii offers to strengthen your position against the automated threats of bots and the financial power of whales:

Promote my Ethereum Liquidity Pool

In this phase you will have to reinforce the marketing actions that you have employed in the pre-launch stage, for example continue doing airdrops. However, there are some additional actions such as listing your Liquidity Pool in Coinmarketcap and Coingecko, two platforms where thousands of users will be able to know your token.

You can now deploy your ERC20 token or meme coin in Ethereum

Congratulations on reaching the end of this guide! You are now equipped with everything you need to create and deploy ERC20 token or meme coin on ethereum. You've learned about the importance of planning, how to create your token without technical complications, and key strategies for a successful launch.

Throughout the tour you will have seen guides that involved the use of online tools for different needs, from creating the token to its liquidity pool, all of these dApps are in the smithii tools suite and we have developed them so that anyone without prior knowledge can participate in the lockchain ecosystem not only as a simple spectator or investor, but as a project owner.