If you want to create Solana tokens and send them in one click, then this article is for you. We will teach you how to create a Solana token in 1 minute without writing any code. And, the price is only 0.1 SOL, the lowest price on the Internet. This article takes you through everything you need to know to create a token in Solana. Let’s get straight to the point.
Basic theory
What are the token protocols in the Solana blockchain network? On the Solana blockchain, Solana defines a unified framework and specification for all tokens, namely SPL (Solana Program Library). SPL is the standardized token form on the Solana platform, representing tokens that follow the Solana standard, similar to Ethereum's ERC-20 tokens. When we say creating a solana token, we mean creating an SPL standard token on the solana blockchain.
Solana supports two types of tokens
1. SPL Standard Token: This is a tax-free general-purpose token that can be used for payment, contract execution, value transfer, and participation in system governance. It follows the standards of the Solana Program Library (SPL), ensuring the wide applicability and interoperability of the token within the Solana ecosystem.
2.Solana Token-2022 (Tax Token): This token adds specific features such as transfer fees on the basis of the SPL standard token, allowing developers to introduce tax mechanisms for token transactions. This tax token can also be used for payment, contract execution, value transfer, and participation in system governance, but by introducing features such as transfer fees, it provides developers with more customized token economic model design space.
Preparations before creating a token
Before you start creating your SPL token, it is important to define the custom properties of your token, including name, abbreviation (symbol), decimal places, total supply, and description.
Name and Symbol: It is crucial to choose a name and abbreviation that is relevant to your project. If you are not the owner of the NFT project, it is especially important to pick a unique, memorable and meaningful name, which is the starting point of the marketing strategy.
Description: This section is used to introduce the concept behind the token. It should be concise and summarize your SPL token in a few sentences.
Decimal Places (Precision): SPL tokens in Solana have a range of decimal places between 0 and 9. If you are creating a token for whitelisting, use 0 as the decimal place; if you are creating a utility or governance token for your project, choose a value between 6 and 9, with 6 being the most common.
On the Solana blockchain, the total supply and precision of tokens must be considered within the limits of the u64 integer type, which means that the maximum value that can be represented is between 0 and 10^18. Therefore, when the precision is set to 9, the maximum issuance is 10 billion; reducing the precision to 6 can issue up to 100 billion, but it is not recommended to exceed this number to avoid affecting liquidity due to low token value.
Total Supply: Determining total supply is a critical step in planning your financial structure and is directly related to the project’s token economics.
Logo design: The logo design of a token is one of its identifying features. Pay attention to the choice of images and colors to ensure brand recognition and attract potential investors. For meme coins, the representativeness and spreadability of the logo are particularly important. Support JPG, PNG and GIF (Solana supports animated images) formats, with a size of 1000×1000 pixels.
The above points are key factors to consider before creating SPL tokens, which will help ensure the uniqueness of the token and the success of the project.
Let’s start creating tokens
Below we will show you how to create a token in Solana without programming. To do this, we will use a dApp called SlerfTools, which will create a custom SPL token with the metadata we specify in just 1 minute, for only 0.1 SOL. Open the Dapp and you will find the token creation interface.
SlerfTools-Greate Token
Visit https://solarune.com/token/create
Connect your wallet to use the software.
Enter a name for your token.
Indicate the abbreviation of your SPL token "symbol" (up to 8 letters)
Select the number of decimal places for the token (usually 6 decimal places).
Select Supply.
Upload your token image (PNG format)
Write a description of your Solana token.
Optional: Add social links: Website, Twitter (X), Telegram, and Discord.
Optional: Make tokens immutable, revoke freeze permissions, and revoke minting permissions.
Click on “Create Token” and accept the transaction. If you choose the option to create Tax Token 2022, you will find the same interface as above, but with additional options.
Once you have successfully created your token, the wallet you used to create your token is now the "authoritative wallet". This means that the wallet will have full control over the SPL tokens you are creating, you can access your wallet and view your total supply, and you can access Solscan to search all token information.
Congratulations, your token has been created successfully!
In the next article, we will talk about how to create an OpenBook Market. On the Solana network, tokens need to achieve liquidity by creating an OpenBook Market, which is a key step to ensure the liquidity of tokens. It is not feasible to add liquidity directly on a decentralized exchange (DEX).
