How to Create a Token on Avalanche: Full Launch Guide
If you want to know how to create a token on Avalanche without coding, you’ll want to check out our dApp. It’s Avalanche Token Creator by Smithii, an audited tool with an intuitive interface that lets you generate your token in under 1 minute for just 1.9 AVAX.
Inheriting the security guarantees of ERC20, Avalanche delivers a fast and secure ecosystem with a huge base of users and the added perk of cheaper transaction fees.
We’re going to walk through the step-by-step to create a Avalanche Token, but first here’s a video tutorial covering the process of creating a token on Avax for anyone who prefers that format:
How to create ARC20 token on Avalanche?
ARC20 is a technical standard for issuing fungible assets on the Avalanche blockchain that defines a set of rules to make sure those assets work properly within the chain.
Ethereum was the first blockchain to support digital assets like tokens and NFT, but its high fees gave rise to new blockchains that copy its standards with much lower fees. These are called ERC20 layer 2.
The Avalanche blockchain is ERC20 layer 2, also known as ARC20, and as such it lets us, in this case, create an ARC20 token that complies with ERC20 standards.
Why create a token on Avax?
Its ERC20 layer 2 standards, low costs, minimal congestion, and prime timing (it’s right in the middle of its growth phase) make creating a token on Avax a high-value choice when picking which crypto ecosystem to launch your token in.
Tokens created on the Avalanche blockchain can be useful for many things, but here are some of the highlights:
- Payment currency
- Contract execution
- Swaps
- Governance
- Equity
- Meme Coin
How much does it cost to launch a token on Avalanche?
To make a token on Avalanche you need to create a smart contract, basically code that lives on the blockchain as the base of a given digital asset, in this case a token. Behind every token there’s a smart contract, and you need coding skills to build one.
Hiring a developer to create a smart contract tends to be very expensive, usually north of $200, which is why the online solutions offered by the Smithii toolsuite democratize access to the crypto ecosystem, letting anyone with zero coding knowledge create their own token for just 1.9 AVAX.
In short, the dApp we’ll be using is called Avalanche Token Creator and works as a smart contract generator, with a cost of only 1.9 AVAX. Let’s jump straight into how to use it.
Step-by-step to create a token on Avalanche
To create a Avax Token we’ll head over to the Avalanche Token Creator tool by Smithii Tools, which lets us create the token without coding. You’ll see an interface similar to this:
Once you’re inside the dApp to deploy an ARC20 token, all that’s left is to follow these steps:
- Connect your wallet
- Enter the name and symbol you want to give your token.
- Set the supply of your token.
- Click Create Token, approve the transaction, and wait for your token to land in your wallet.
If you want, you can use advanced options when creating your Avalanche Token, like setting a tax, airdrop mode, anti-bot, and anti-whale.
Under “Tax”, you can pick the fee you’ll keep from each transaction of your token and set the address of the wallet that will receive those transaction fees.
Turning on “Airdrop Mode” blocks users from sending or trading your token until you switch it off.
With “Anti Bot” you can limit what snipers and bots can do against your token’s liquidity pool, since it caps how much time has to pass between transactions per wallet.
“Anti Whale” is a standout feature that lets you set a cap on how much a single wallet can buy/sell, a time limit between buy/sell transactions from the same wallet, a max amount of tokens a wallet can hold, and best of all, you can set a total number of days the anti-whale mechanism stays active, letting you protect your token from an exploit during the first days after launch.
What’s next? Launching a token on Avalanche
Once you’ve generated your token’s smart contract with Smithii Tools’ Avax Token Creator, all that’s left is to create a Liquidity Pool on Uniswap, pair your new token with another valuable asset like $USDC or $AVAX, and take it to market.
Once the token is in a liquidity pool, you can deploy a volume bot on Avax that helps you show up first on DEX platforms and back your organic traffic with more visibility.
But first, you’ll need to update the image, logo, and additional info for your token, which you do on Avascan. You can follow our guide on how to add a logo, social media links, and other info to a Ethereum token, since it’s the same protocol and the steps are similar.
Listing your Avalanche token on exchanges
If you want to list your token on Coinmarketcap and Coingecko, you’ll need to fill out an application, and listing is completely free.
Things to keep in mind when using Avalanche Token Creator
We’re a company based in Dubai with thousands of active monthly users on our tools. Plus, even though the tool creates your token, the wallet you use will own the smart contract, so you stay in control.
On top of that, we never ask for access to your private key, NFTs, or tokens held in your wallet. In other words, all your assets stay safe.
FAQ
Avalanche is a pretty compelling ecosystem if you’re looking at how to deploy an ARC20 token, but the process can raise some questions when you use Smithii’s tools. In this section, we answer the most frequent questions.
Is it safe to create a token on Avalanche with Smithii?
Yes, it’s completely safe. Our smart contracts and tools have been audited and are part of a full toolsuite that’s been running since 2022. Plus, all our tools are non-custodial, so you have full control over the tokens you create.
What do you need to create an ARC20 token?
All you need is a wallet compatible with the Avalanche ecosystem (like MetaMask, Core, or Coinbase Wallet) connected to Smithii’s dApp, defined parameters for your token (name, symbol, and supply), and enough AVAX balance to cover the creator fee and network gas fees.
Can the Anti-Whale or Tax features be modified after the token is created?
Yes, you can still use the Anti-Whale or Anti-Bot features after creating the token. However, tax is a property that can’t be added after the token has been minted.
Once created, is my token tradable right away?
No, having a token doesn’t make it tradable on the spot. To make it tradable, you’ll need to create a Avalanche liquidity pool to generate the liquidity pair and open it up for buys/sells from others. In the meantime, the ARC20 token is transferable and you can use it to run an airdrop.
Final thoughts on how to create a token on Avalanche
Creating a token on Avax can let you leave your mark on the blockchain. It’s the kind of asset that devs and project owners use to identify themselves in the crypto ecosystem, since it’s how you connect with your community or investors. At the end of the day, everyone’s looking to get something out of the web3 space, and creating a token is what sets a regular user apart from those with a real appetite for more.
Today it’s an easy job thanks to our online tools that work as a Avalanche smart contract generator, where you can create an ARC20 token on Avax with no coding required.
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Crypto writer focused on the Web3 space. Former contributor to the Smithii editorial team.
