How to Create and Launch a SUI Token: Definitive Guide by Smithii
Follow our complete guide from token creation at SUI, launching the Liquidity Pool at Cetus to making Airdrops.
Introduction
You don't need to know anything at all, we will guide you through the whole process starting from choosing a wallet until your token is listed on an exchange and bought by investors.
What will you find in this definitive guide?
- What are the best SUI wallets?
- How to create a token on the SUI blockchain
- How to launch a token in Cetus with the best configuration
- How to start marketing your token
Why SUI?
The advantage of SUI over the rest of the blockchains is that it will possibly solve the trinomial of blockchains: security, scalability and decentralization. It is also the perfect time to launch in SUI because if this blockchain scales, the pioneers there will be the first to receive the benefits.
1. Before creating the token
Choose a wallet
If you are very new to the SUI ecosystem, you probably don't know all the wallets and the differences between them. A priori we can recommend two based on our experience:
- SUI Wallet
- Nightly
However, if you want to explore all the wallets in the ecosystem and our opinion of each one, you can check out our post comparing the best SUI wallets and decide for yourself. Or you can take a look at our infographic about it.
Tokenomics for your SUI token
If you want users to trust and buy your token, making tokenomics may be the best move to start with. In addition, it can help you mentally organize the path of your token.
Tokenomics refer to "Token" + "Economics" and tell how the supply of your token will work and be distributed. But, there are also tokenomics for meme coins or other types of tokens, and they can be as simple as you want as long as it clearly expresses the way to your community.
2. SUI token creation
What is SUI token
Although it may seem redundant to explain it, it is not. Many people do not know what a SUI token actually is because it is confused with the launch of the liquidity pool.
A token in SUI refers to a fungible asset that can be exchanged and that works with the currency structure. It is said fungible because non-fungibles are NFTs.
And the difference with the Liquidity Pool is that the Liquidity Pool represents a pair of tokens that are traded in the market by changing their prices, on the other hand, the creation of the token does not imply its direct release for sale, but simply its storage in a wallet. The liquidity pool will be made in the following steps.
What is a SUI token for?
If this is one of your purposes for flipping your coin, then this is the right place:
- Asset Tokenization: SUI tokens enable the conversion of physical assets, such as real estate or art, into digital tokens, making them easier to trade and more accessible to a wider range of investors.
- Governance: The distribution of SUI tokens within a community can facilitate governance by granting voting rights to holders in Decentralized Autonomous Organizations (DAOs).
- Decentralized Finance (DeFi): SUI tokens allow complex financial transactions, such as representing a participation in a liquidity pool, by being transferable and allowing automated processes.
- Loyalty and Rewards Programs: SUI tokens help develop loyalty and rewards programs for a community, incentivizing customer engagement and retention. For example, they can be used to perform an airdrop on Ethereum without programming.
- Memecoins: These are SPL tokens created mainly with a humorous nature or for fun, closely linked to degen culture, but sometimes they can gain significant value and a community following. An example is Shiba Inu, an iconic token from ethereum that has been gaining popularity year after year.
How much does it cost to create a token in SUI?
The cost of creating a token without programming is 7.5 SUI with Smithiis suit tools. If you want to add social links to dextools to make it look more professional, you will have to invest an additional 200 SUI. If you want to know today's SUI quote you can see it here.
Create Sui Token step by step
In the following guide we will show you how to create a token in SUI step by step in a complete way.
How to create a SUI token step by step
How each field works to generate a token correctly
Before you start creating tokens in Sui, decide on the custom properties: Name, Abbreviation, Decimals, Total supply and Description. Also consider whether it fits your project, whether it is a meme coin, utility token or governance token.
Name and Symbol
Ideally, both the name and the abbreviation should represent your project or idea. Make sure it is easy to remember and does not already exist in the market. The name and the symbol are two key factors in your branding and marketing strategy.
Description
The description is where you present the idea behind the creation of your token. Describe in a few words the motivation or use of your token in Sui. Be clear, concise and direct.
Decimals
In Sui, you can define the number of decimal places with which your token will operate. The most common and practical is to use 6 decimal places for most projects, although it depends on your needs.
Supply
The total supply is vital for the tokenomics of your project. Define how many tokens will be in circulation. We recommend you plan this number in advance and, if applicable, thoroughly analyze your monetization and token distribution plan for the team and the community.
Image or Logo
Design a logo that attracts attention and is representative of your idea. The visual part is crucial to attract potential investors and users. If you are creating a meme coin in Sui, the image must transmit the essence of the meme and be viralizable. Remember to use PNG format of approximately 1000×1000 pixels.
Perfect, you already have your SUI coin and it should appear in your wallet with its picture. Now it's time for pre-sale.
3. Token Pre-release
Considerations before creating the Liquidity Pool
Creating a Liquidity Pool on a decentralized exchange (DEX) is the goal, but there are some strategic actions to keep in mind to generate hype around your token.
Here the creation of community is key, on platforms such as XTwitter), Discord, Telegram; make your token known on social networks such as Youtube and carry out promotional actions with ads, ambassadors on X, influencers on Youtube, articles on relevant websites with crypto content, in short, the options are endless. You can see how we did it in our launch in SUI, becoming part of their ecosystem.
The ultimate idea is to generate interest in your token and buying pressure by launching it in the liquidity pool.
In the previous lines we told you about strategies outside the blockchain, but you also have some tools inside the blockchain to promote your token. For this case, dApps like SUI Multisender to make airdrops take relevance.
Know your Audience
SUI is still a developing ecosystem and knowing your audience is essential and can even be easy for that reason. SUI investors tend to look for projects that are well integrated and understand the community. It is crucial to clearly communicate the unique value of your project and its benefits to attract their interest.
Uses Key Platforms
There are 3 platforms that are the most widely used in the crypto world:
- TelegramPerfect for real-time communication and building an active community. Create a channel on Telegram to interact directly with investors, answer their questions and provide regular updates.
- DiscordIdeal for creating a dedicated community with different thematic channels. Organize AMA (Ask Me Anything) sessions and encourage detailed discussions about your project.
- TwitterUseful to share quick updates and reach a wider audience or to share news to your niche.
Transparency and Trust Building
Transparency is fundamental in pre-sale marketing. Many projects indicate in advance to the community how they are going to distribute the supply of the token. This is what we call token allocation and it is exposed in tokenomics.
If you don't have a very detailed plan of what you are going to do with the presale money, at least make it clear to the public how much you are going to use to create the Liquidity Pool on Ethereum and how much for other activities.
Then you should keep investors informed with regular updates on the progress of the project. Transparency helps build trust and credibility in your project.
Collaboration with Influencers
Collaborating with recognized influencers in the Ethereum community can significantly increase the visibility and credibility of your project. Look for reputable and credible influencers in the Ethereum environment to promote your presale.
Airdrops and Rewards Programs
Implement airdrops and reward programs to incentivize participation and loyalty. The vast majority of tokens suffer a spike at launch that they never touch again because they do not have a community behind them.
We will explain how to do the airdrop in section 5, but note that you can do it here as well.
4. Create Liquidity Pool in Cetus
Creating a Liquidity Pool in CetusCetus, SUI's DEX par excellence, is fundamental to ensure the functioning of a decentralized market. We already have a tool that allows you to do this easily, without programming and very cheaply.
Why create a Liquidity Pool in SUI?
The liquidity pool is the reserve fund of your currency and will be the manager of the purchases and sales of other users. Apart from the fact that you can generate profits with fees by creating liquidity pools, you will be one step ahead of anyone else by getting involved in an ecosystem that is here to stay.
Let's see how to create a liquidity pool on SUI.
Care
Once you create your liquidity pool in Cetus, your token will be for sale and its price will fluctuate according to market forces. So launch the liquidity pool when you are fully ready.
Steps to create your Liquidity Pool in SUI
You don't need to know how to program to launch a liquidity pool in SUI, because our dApp allows you to do it in 4 steps that you can complete in less than 3 minutes. Check out our complete guide to create your liquidity pool.
How to create a liquidity pool in Cetus step by step
How much liquidity should I add to my SUI liquidity pool?
Each blockchain has its particularities, and in the case of SUI, the design of its infrastructure, the low fees and the dynamics of the ecosystem make the recommended liquidity ranges for launching a token vary with respect to other networks.
Below are the SUI liquidity categories, expressed directly in SUI tokens. These categories help you define whether you are creating a token to test the market, look for short term virality, or build a long term strategy with active trading.
Category | Liquidity in SUI (recommended) |
---|---|
Very low liquidity | 80 - 500 SUI |
Low liquidity | 501 - 3,000 SUI |
Moderate liquidity | 3,001 - 15,000 SUI |
High liquidity | 15,001 - 80,000 SUI |
Very high liquidity | More than 80,000 SUI |
🎯 PRO TIP: Organize a pre-sale in your community before launching, to improve liquidity once you launch the liquidity pool.
Then, our token would already be for sale. What's left? Well, keep selling.
5. Post-Launch and Promotion of the Token Project at SUI
Now we are going to explain what we are interested in: marketing once we are selling our token.
Airdrop step by step
To do the Airdrop in SUI we are going to use our tool SUI Airdrop. This dApp takes care of sending the token of your choice to the wallets you determine in just a few minutes. You can see our tutorial on how to make an airdrop in SUI.
How to make an airdrop in SUI step by step
List in DExs
Once you launch your token and are accumulating sales, it will be key to try to list on the major exchanges.
Why do Airdrops?
Let's reinforce the concepts and fundamentals of airdrops with this guide that will help you understand them better and implement them in the most effective way possible.
How to list in Coinmarketcap
Follow this guide to list your token or meme coin from Ethereum at Coinmarketcap.
How to list in Coingecko
In this article we show you how to list your ERC20 token or meme coin at Coingecko.
Conclusions
You can now deploy your token or meme coin in SUI
Congratulations on reaching the end of this guide! You are now equipped with everything you need to create and deploy your SUI token. You've learned about the importance of planning, how to create your token without technical complications, and key strategies for a successful launch.
Throughout the tour you will have seen guides that involved the use of online tools for different needs, from creating the token to its liquidity pool, all of these dApps are in the smithii tools suite and we have developed them so that anyone without prior knowledge can participate in the blockchain ecosystem not only as a simple spectator or investor, but as a project owner.
Advantages of using smithii tools
- Simple and intuitive interface.
- Low costs.
- Online and independent use of the tools, without registration.
- Set of tools to do everything from one place.
- User guides and video tutorials.
- Equipment completely doxxed.
- 24/7/365 support, check our reviews!
Become a Smithii Chad more
You got this far, you may even have already used one of our online tools, it only remains to invite you to join our community through X, Telegram, Discord or Newsletter, you will find the links at the bottom of the page.
We are constantly expanding and alert about new developments in the crypto ecosystem, don't miss anything!