How to Create ERC20 Token on Ethereum [No Code].

Smithii offers disruptive solutions in the crypto ecosystem to save you the hassle of programming or choosing expensive contracts for someone to write a smart contract for you. In this case I will tell you how to create a ERC20 token in a few steps and for only a fee of 0.01 ETH.

Ethereum Token Creator is an online dApp from the Smithii suite of tools that will allow us to generate the smart contract ERC20 with an intuitive and easy to use interface, without wasting any more time let's go step by step reviewing some key concepts.

What is a Token ERC20 Ethereum ?

Before creating a token on Ethereum we must be clear about the ERC20 token concept. "ERC20" stands for "Ethereum Request for Comment 20", which tells us about the Ethereum Network Standard and how the functions of a Smart Contract can implement.

Basically, an ERC20 token is a type of fungible token created on the Ethereum network or other blockchain EVM (Ethereum Virtual Machine). It is the most well-known and widely used token type. However, there are others such as ERC-223 and ERC-721 ( used for NFT).

In summary: If we talk about Token ERC20 we are talking about a Network Token from Ethereum.

Why generate a token ERC20?

Tokens created on the Ethereum blockchain can be useful for many things, but we can highlight a few:

• Payment Currency
• Contract's Execution
• Exchanges
• Governance
• Equity
• Meme Coin

How much does it cost to create a token ERC20?

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

Getting a developer to create a smart contract is very expensive, usually over $200, so 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 $35 (0.01 ETH).

Basically, the dApp we will use is called Ethereum Token Creator and works as a generator of smart contract, whose use costs only 0.01 ETH.

Create a Token ERC20 with Ethereum Token Creator: Step by Step

Let's go straight to the Step by Step on how to Create a Token ERC20 Ethereum Without Code. For this we are going to use our Smithii Tool called Ethereum Token Creator:

1. Connect your wallet
2. Type the name and symbol you want to give to your token.
3. Define the supply of your token.
4. Click on Create Token, accept the transaction and wait for your token to be in your wallet.

If you wish, you can use advanced options when creating your token at Ethereum, such as setting a tax, airdop mode, anti bot and anti whale.

In "Tax" you will be able to select the fee you will retain for each transaction of your token and set the address of the wallet that will receive those transaction fees.

By activating the "Airdrop Mode" you will prevent users from sending or trading your token until you deactivate it.

With "Anti Bot" you will be able to limit the actions of snipers and bots on the liquidity pool of your token, as it will limit the amount of time between transactions per wallet.

"Anti Whale" is an outstanding feature that will allow you to set a limit amount that a single wallet can buy/sell, a time limit between buy/sell transactions of a single wallet, a limit on the amount of tokens that a wallet can hold and best of all you can set a total number of days in which the anti whale mechanism will be activated, allowing you to protect your token from an exploit during the first few days of launch.

Solana has been the blockchain of choice for meme coin creation, if you want to explore how to generate your own meme coin on Solana check out our step-by-step guide.

Launching Token on Ethereum: Create Liquidity Pool

Once you have generated the smart contract for your token with Ethereum Token Creator from Smithii Tools, you will only need to create a Liquidity Pool at Uniswap.

But first, you will have to change the image/logo of your token for which you will have to follow this quick guide where you will not only learn how to add logo to your ERC20 token but also links to social media or other relevant information to increase the reach of your project.

Listing of the Ethereum token in exchanges

If you want to list your token on Coinmarketcap and Coingecko you need to complete an application and listing is totally free.

• Apply for Coinmarketcap
• Apply for Coingecko

Considerations When Using Ethereum Token Creator

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 ownership of the smart contract, so you are in control.

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

Final conclusions about creating ERC20 token on the Ethereum blockchain.

Creating a token on Ethereum can allow you to leave a footprint on the blockchain, it is the type of asset that developers or project owners in the crypto ecosystem identify with as it is the way to relate to the community or investors, at the end of the day we all seek to obtain some benefit from the web3 space and creating a token makes the difference between a simple user and those who have an appetite for something more.

Today it is a simple task thanks to our online tools that work as an ERC20 smart contract generator where you can make a token on Ethereum without knowing how to program.

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