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Create Token in Solana

HOW TO CREATE SOLANA TOKEN WITHOUT CODE

If you want to create Solana Token, that is, a token on the Solana Blockchain this post is for you. We are going to teach you how to create a Solana Token in just 1 minute and without having to program ANY Code. Moreover, for a price of only 0.1 SOL.

In 2 minutes of reading you will know everything you need to know to create your token in Solana. Let's get straight to the point without forgetting the basic theory.

If video tutorials are your thing, you can watch this one on How to Create Solana Token.

WHAT IS SPL TOKEN IN SOLANA

Before creating a token in Solana, we must be clear about the concept of "SPL Token". SPL stands for "Solana Program Library", therefore an SPL Token is a token belonging to the Solana Blockchain and created under its standards. It is the analog of the ERC-20 tokens.

In short, if we refer to create SPL token Solana is the term we use to refer to a standard Solana token.

CREATE SOLANA TOKEN-2022 OR TAX TOKEN

As we said, SPL is the token of the "Solana Program Library". This means that these tokens comply with the Solana standard and can be used as payment money, execute contracts, transfer value or participate in system governance.

The SPL applies to all token types in Solana, while the Solana Token-2022, also known as Tax Token, will enhance the functionality of standard SPL tokens by allowing developers to add transfer fees and other specific functions.

Today you will learn how to create Solana SPL Token without programming, but we will also give you tools to have your own Tax Token, the choice is yours!

WHAT IS THE PURPOSE OF CREATING A SOLANA SPL TOKEN?

SPL Token can be used for different things, but we can highlight the followingutilities:

  • Payment Currency
  • Contract's Execution
  • Exchanges
  • Governance
  • Equity
Guide on How to Create Token in Solana without Programming

HOW MUCH DOES IT COST TO CREATE SOLANA TOKEN

The cost of creating a token in Solana is practically zero if you know how to program. If you don't, you will have to pay a developer to do it for you and the price for this service is around $100. In addition, you will have to wait for the developer to complete the work.

In this case we show you a method to do it in just one minute with a cost of 0.1 SOL, plus you will be able to control the whole process, choose functionalities and unique features of your token.

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CREATE SOLANA TOKEN STEP BY STEP

Let's go directly to the step by step on how to create a token in Solana without programming. For this we are going to use our dApp called Solana Token Creator, this is a software that will create our custom SPL Token with the metadata that we indicate in just 1 minute, for only 0.1 SOL.

You will find an interface where you can choose between creating an SPL Token or a Tax Token, we will choose the first option.

create-token-solana-smithiis-tools
  1. Access Solana Token Creator (https://tools.smithii.io/token-creator/solana)
  2. Connect your wallet to be able to use the software.
  3. Enter the name of your token.
  4. Indicate the abbreviation of your SPL Token "Symbol" (max. 8 letters)
  5. Select the decimals of your token (most often 6 decimals).
  6. Select the supply.
  7. Upload your tokenimage (PNG format)
  8. Write the description for your Solana Token.
  9. Optional: Add Social links: Website, Twitter (X), Telegram and Discord.
  10. Optional: Make the token immutable, revoke freeze authority and revoke mint authority.
  11. Click on "Create Token" and accept the transaction.

If instead you choose the option to create Tax Token 2022 you will find the same interface as above but with additional options:

create-tax-token-2022-solana-smithiis-tools

If instead of creating a standard Solana token you are interested in how to create a tax token click here!

CONSIDERATIONS TO TAKE INTO ACCOUNT BEFORE CREATING SPL TOKEN SOLANA

Before we start creating the SPL token, we must decide on the token's custom properties, such as: Name, Abbreviation (Symbol), Decimals (determines the number of tokens in each block), Total Supply and Description.

NAME AND SYMBOL

When it comes to names and abbreviations, it is best to carry your project name. If you do not have a NFT project, you should look for a meaningful name that has never been used before, but at the same time is easy to remember for the person who sees or hears it. Marketing strategies start operating from the choice of the name of your token!

DESCRIPTION

The description is where you present the idea behind the creation of the token, write something simple and straightforward that defines your SPL token in a few words.

DECIMALS

The decimal number of the SPL token in Solana can vary from 0 to 9. To create for whitelisting purposes, you should use the decimal number with 0. But if you want to create a utility token or an administrator token report for your project, you should use the number between 6 and 9. The most common is 6.

SUPPLY

Sourcing is one of the most important parts, as we have to organize the financial landscape, this decision is closely linked to the Tokenomics of your project.

LOGO IMAGE

Another of the most impressive features when creating Solana token is the logo design. When designing tokens, you also need to pay attention to the images and colors of the logo to highlight them. This is also one of the factors that identify the brand and attract investors' attention, so we should focus on creating something unique and different.

This section is even more important if what we are going to do is to create a meme coin in Solana, since the image must be representative and viralizable. Note, use PNG format and the size is 1000×1000 pixels.

WHAT HAPPENS AFTER CREATING SPL TOKEN SOLANA?

Note that the tool will set the wallet you are using to create as an "Authority Wallet". That means that the wallet will have full control over the SPL token you are creating.

Once completed, your SPL token will be generated. You can access your wallet and view your total supply. Visit Solscan to search for all token information.

Here's how to create a Liquidity Pool for your Solana Token.

IS IT SAFE TO CREATE SOLANA TOKENS HERE?

We are a Dubai based company with thousands of monthly active users on our tools. Also, even though the tool creates your token, the wallet you use will have the mint authority and the freeze authority, so you will be in control.

In addition, at no time is any access to your private key, NFTs or Tokens that you have inside your wallet requested. In other words, all your assets will be safe.

CONCLUSION

Solana's SPL Token is very useful for our project. Now you have it easier than ever, take advantage of it and conquer the market.

Thank you for reading us, remember to subscribe to our newsletter to receive content for web3 Creators every week.

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3 comments in "Create Token in Solana".

  1. Let's say I used your services and want to give my token contract to specialists
    for verification and certification.
    Where and how can I receive my token contract from you?

    Reply
    • Hey, tokens on solana are not smart contract like on evm, so they can't be audited. Basically all tokens follow the SPL (Solana Program Library) Standard. You can verify that you own all the authorities of the token when using our tools!

      Reply

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