How to create token on Solana?
The easiest way to create your own token on Solana's blockchain is to use an online dApp like Smithii's Solana Token Creator. You will be able to make a token on Solana in less than 1 minute and without having to program ANY Code, for a price of only 0.1 SOL.
If video tutorials are your thing, you can watch this one 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:
- Access Solana Token Creator (https://tools.smithii.io/token-creator/solana)
- Connect your wallet to be able to use the software.
- Enter the name of your token.
- Indicate the abbreviation of your SPL Token "Symbol" (max. 8 letters)
- Select the decimals of your token (most often 6 decimals).
- Select the supply.
- Upload your tokenimage (PNG format)
- Write the description for your Solana Token.
- Optional: Add Social links: Website, Twitter (X), Telegram and Discord.
- Optional: Make the token immutable, revoke freeze authority and revoke mint authority.
- Click on "Create Token" and accept the transaction.
How to create my own token on 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 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
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 on Solana, since the image must be representative and viralizable. Note, use PNG format and the size is 1000×1000 pixels.
How to launch my token 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
Using Smithii's Solana Token Creator is the most affordable way to create your token, saving you development costs or unnecessary risks you might take if you use untrusted platforms. The Smithii team is visible across all its networks and the online tools are audited.
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.
Using Smithii's tools to launch your token on Solana gives you certain advantages, as you can launch your liquidity pool and make your first purchase at the same time.
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.
How much does it cost to create a token onSolana?
The cost of creating a token on 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 usually the price for this service is over $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, you will also be able to control the whole process, choose functionalities and unique features of your token.
Smithii Tool's Solana Token Creator is the most accessible and economical way to create your Solana token, you can do it in a short time, intuitively, controlling every feature of your token and especially you can revoke the freeze, mint and mutability authorities, all in an instant.
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.
Create SPL token on Solana
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!
What is create a token on Solana Blockchain for?
The tokens on Solana can be used for different things, but we can highlight the following utilities:
- Payment Currency
- Contract's Execution
- Exchanges
- Governance
- Equity
- Meme Coin
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.
Final conclusion about creating a token on Solana
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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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?
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!