HOW TO CREATE ERC20 ETHEREUM TOKEN WITHOUT CODE

HOW TO CREATE ERC20 ETHEREUM TOKEN? [NO CODE]

If you want to create an ERC20 Ethereum token this post is made for you. We are going to show you the Step by Step to create this ERC20 Ethereum Token in ONLY 1 MINUTE and without programming ANY CODE. Moreover, for only a few dollars (USD).

We will start directly with the step-by-step, but not before going over the key points you should know before you start creating your own ERC20 Ethereum token.

WHAT IS THE ERC20 ETHEREUM TOKEN?

Before creating a token in 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 be implemented.

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 (mostly used for NFT).

In short: If we talk about ERC20 token we are talking about an Ethereum Network Token.

CREATE ERC20 ETHEREUM TOKEN STEP BY STEP

Let's go directly to the Step by Step on how to Create an ERC20 Ethereum Token Without Coding or Programming . For this we are going to use our Smithii Tool called Ethereum Token Creator, this is a tool that will create our fully customized ERC20 Ethereum Token with the information we indicate in just 1 Minute for 0.001 ETH.

There are other similar tools but, in all cases, they are more expensive and slower.

  1. You must first access Ethereum Token Creator (https://tools.smithii.io/token-creator/ethereum).
  2. Connect your Ethereum Wallet to be able to use the Token Creator.
  3. Enter the name of your token.
  4. Indicate the symbol of your ERC20 Token (maximum 4 letters).
  5. Select the number of decimal places (most of the tokens created use 18).
  6. Enter a description you want for your token.
  7. Upload the image for your token (must be in PNG format).
  8. Select your token supply.
  9. Choose whether you want your ERC20 Ethereum token to be "Mintable" ( more tokens can be created).
  10. Choose whether you want your ERC20 Ethereum token to be "Burnable" ( Burn Token and Reduce Supply).
  11. Choose whether you want your ERC2O Ethereum Token to be "Pausable" (you can Pause its Activity, i.e.: You can neither Transfer nor Do anything with the token).
  12. Click on "Create Token" and Accept the transaction.
ethereum erc 20 creator token

Here's how to create a Liquidity Pool for your Ethereum token.

HOW MUCH DOES IT COST TO CREATE AN ETHEREUM ERC20 TOKEN?

The cost of creating an ERC20 Ethereum token is relatively low. If you know how to program you will spend less(50 -500 USD fees), but it will depend on the type of token developed and the business requirements set. In case you do not know how to program, you should allocate part of the budget to a developer and wait for the professional to complete the work.

But if you don't know how to program, with Smithii's tools like the Ethereum Token Creator, you don't have to worry. In this case, we show you a method to Create your ERC20 Ethereum Token in ONLY 1 MINUTE with a cost of 0.001 ETH + fees.

WHAT ARE ERC20 ETHEREUM TOKENS USED FOR?

ERC20 Ethereum tokens can be used for many things, but we can highlight the following utilities:

  • Currency of payment.
  • Contract execution (Smart Contract).
  • Exchanges (Exchange).
  • Equity (Own Financing).
CREATE ERC 20 ETHEREUM TOKEN

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IS IT SAFE TO CREATE ERC20 ETHEREUM TOKEN HERE?

It is a Smart Contract used by hundreds of users every month and more and more. The good thing is that we created it ourselves. We are the All-in-one Management Software for NFT Projects.

You can rest assured that the wallet you use for creation will be the one that has authority over the token, i.e. you and only you will have full control.

You can also see that at no time will you give access to your private key, NFTs or Tokens. So all your assets are 100% safe.

If you still have doubts you can use a Burner Wallet!

CAN ANOTHER NON-ETHEREUM TOKEN BE CREATED?

Beyond your ERC20 Ethereum token, which you have probably successfully created, you can create other types of tokens at Smithii. Whether you want to create your Solana Token or a Base Token, you can do it with our tools.

TOOLS TOKEN ERC20 ETHEREUM
CONCLUSION OF THE ERC20 ETHEREUM TOKEN

Having an Ethereum ERC20 token can be key to achieve success in the Blockchain. Take advantage of our dApp and other tools that together with our posts, you will achieve what you want in the crypto community.

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

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Join our Newsletter and receive weekly Blockchain news specialized in NFT creators.

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