How to create a token on Solana: Step-by-step guide

The easiest way to create your own token on the Solana blockchain is to use an online dApp like SmithiiSolana Token Creator. You can make a token on Solana in less than 1 minute and without having to program ANY code, for a price of only 0.3 SOL.

If you prefer video tutorials, you can watch this video on how to create a token on Solana.

Create Solana Token step by step

Let's go directly to the step by step on how to create a token on 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 Solana Token with the parameters that we indicate in just 1 minute.

You will find the following interface:

Considerations before launching the token

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 lock), 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 on 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, in fact we have a guide on how to design a successful tokenomics.

Logo Image

Logo design is another crucial aspect when creating a Solana token. When designing tokens, careful consideration must be given to the imagery and color palette of the logo to ensure it stands out. This is a key factor in brand identity and attracting investor attention, so we should strive for a unique and distinctive design.

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

If you are interested in the concept of meme, here is our guide on how to create and launch a meme coin.

Pro Tips for token launching on Solana

When you create a token on Solana, the wallet you used to create it will be the "Authority Wallet". This means that you will have full control over the token in question.

That authority is what will allow you to pair the token with another token that already has value in the market, such as $SOL or $USDC, which is known as creating liquidity.

Cheapest way to launch Solana token

With your token in the wallet, you are ready to launch your token to the market by creating a Liquidity Pool. We also have an online tool to do it without knowledge of code and in a few easy steps, very accessible.

You will create an OpenBook Market ID and add liquidity, choose when you want to invest in the size of your market, all in one place and in an intuitive way. Here we show you how to create the liquidity pool of your token on Solana.

If you are interested in knowing more about the latter, you should take a look at our article on how to avoid sniper bots in newly launched liquidity pools, where we talk about several concepts that will help you to succeed in your project.

Facts about creating a token on Solana

Before creating a token on 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 analogue of 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.

Solana Token Creator will allow you to create Solana-compliant SPL tokens that can be used as payment money, execute contracts, transfer value or participate in system governance.

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

Solana Token Creator is able to generate both versions, the choice is yours!

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

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

In this case we show you a method to do it in just one minute with a cost of 0.3 SOL, plus you will be able to control the whole process, choose functionalities and unique features of your token.

To this cost you must add the necessary to launch the liquidity pool, which is the creation of the pair in the blockchain, for that you can consult our guide on how much it costs to create a token on Solana.

What is the purpose of creating a token on Solana?

The tokens on Solana can be used for different things, but we can highlight the following utilities:

Now you can make a Solana token online

Visit the Solana Token Creator website and feel free to browse the platform, you can create your token and many extra features. We have guides and tutorials for absolutely everything and a 24/7/365 support service.

Conclusion

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

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