How to Create ERC20 Token on Ethereum [No Code]

Smithii offers disruptive solutions in the crypto ecosystem to save you the trouble of programming or choosing expensive contracts for someone to develop 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 is an online dApp from the Smithii toolkit Smithii allows you to generate an ERC20 smart ERC20 an intuitive, user-friendly interface. Without further ado, let’s go through a step-by-step guide covering some key concepts.

If you prefer an audiovisual guide, here is a video that summarizes everything you need to do:

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 short: When it comes to Token ERC20 we are talking about a Token the Ethereum network.

Why generate an ERC20 token?

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 an ERC20 token?

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.

Hiring a developer to create a smart can be very expensive—typically over $200—which is why the online solutions offered by the Smithii toolkit Smithii participation in the cryptocurrency ecosystem, allowing anyone without coding knowledge to create their own token just $35 (0.01 ETH).

Essentially, the dApp we will use is called Ethereum Token Creator and functions as a smart contract generator, the use of which incurs a cost of merely 0.01 ETH.

Create an ERC20 Token with Ethereum Token Creator: Step-by-Step

Let’s go directly to the Step by Step on how to Create an ERC20 Ethereum Token Without Code. For this we are going to use our Smithii Tool called Ethereum Token Creator (https://tools.smithii.io/token-creator/ethereum):

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

If desired, you can utilize advanced options when creating your Token on Ethereum, such as implementing a tax, airdrop mode, anti-bot, and anti-whale features.

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.

Enabling "Airdrop will prevent users from sending or trading your token you disable it.

With "Anti Bot," you can limit the activity of snipers bots your token liquidity pool by restricting the amount of time between transactions per wallet.

«Anti Whale» is a key feature that enables you to set a maximum purchase/sale amount per wallet, a time limit between buy/sell transactions for the same wallet, a maximum token holding limit per wallet, and crucially, you can define the total number of days for which the anti-whale mechanism will be active, thereby protecting your token from exploits during the initial launch period.

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 your token's smart contract using Smithii Tools' Ethereum Token Creator, all that remains is to create a Liquidity Pool on Uniswap.

But first, you’ll need to change token image or logo. token so, follow this quick guide, where you’ll learn not only how to add a logo to your ERC20 token also how to include links to social media or other relevant information to expand your project’s reach.

Ethereum token listing on exchanges

If you want to list your token Coinmarketcap Coingecko to submit an application; listing is completely free.

• Apply for Coinmarketcap
• Apply for Coingecko

Considerations When Using Ethereum Token Creator

We are a company based in Dubai with thousands of active users each month using our tools. Furthermore, even though the tool creates your token, smart will be ownedwallet use, so you will retain 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.

Do you already have anERC20 token ERC20 Ethereum? Boost it with the new Ethereum Bot.

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.

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