Creating and launching token or Meme Coin in Polygon from scratch

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

Key tools to create and launch your token or meme coin at Polygon

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

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 Polygon tokens without programming skills. We walk you through the process and teach you how to use them.

Choose one wallet and plan your tokenomics

You need a wallet which consists of an address that will allow you to interact within the blockchain with digital assets, creating it is free and very simple and intuitive although you must choose which one to keep, the most popular is the wallet of 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 team completely doxxed 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 a ERC20 Layer 2 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 blockchains such as Polygon, which was created following EVM parameters, but since it is not the main Ethereum network, it is known as blockchain second layer of Ethereum and its tokens as ERC20 Layer 2.

How much does it cost to create a token on Polygon?

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

Getting a developer to create a smart contract turns out to be very expensive, usually over $200, which is why the online solutions offered by the Smithii suite of tools democratize coexistence in the cryptocurrency ecosystem by allowing anyone without coding knowledge to create their own token for as little as $49 POL.

Basically, the dApp we will use is called Polygon Token Creator and works as a generator of smart contract, whose use costs only 49 POL.

Any of the options you choose will lead you to have your Polygon token or meme coin created and in your wallet.

Keep in mind that creating a meme coin in Polygon is the same as creating any token, with the difference being the humorous nature of the meme token, there is no difference in the creation process.

Considerations before creating the Liquidity Pool

Creating a Liquidity Pool on 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 like X (Twitter), Discord, Telegram; make your token known on social networks like 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 blockchain, but you also have some tools inside the blockchain to promote your token. For this case, dApps like Polygon Multisender to make airdrops take relevance.

How to make a Polygon token airdrop?

As we told you before, without discounting the actions related to the marketing of your project, making an airdrop on Polygon will allow you to promote your token or meme coin:

Create Polygon 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 Polygon ecosystem. Uniswap is a decentralized exchange (DEX) that uses EVM (Ethereum Virtual Machine) standards, so you can create a liquidity pool of any ERC20 Layer 2 token.

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

Create a Liquidity Pool at 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 $WETH). 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 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.

Bots and Whales: What you need to know when creating a Polygon liquidity token pool

One of the most relevant issues when launching a new Polygon token liquidity pool 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:

Let's learn about the behavior of bots and whales in Ethereum, since it is the same ERC20 protocol, it applies to any blockchain ERC20 layer 2 like Polygon.

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

Promote my Polygon Liquidity Pool

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

You can now launch your token or meme coin at Polygon

Congratulations on reaching the end of this guide! You are now equipped with everything you need to create and launch token or meme coin on Polygon. You've learned about the importance of planning, how to create your token without technical complications, and the 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 blockchain ecosystem not only as a simple spectator or investor, but as a project owner.