With Dapp platforms such as SlerfTools, creating a token on the Solana blockchain has never been easier. SlerfTools allows anyone to crea...
With Dapp platforms such as SlerfTools, creating a token on the Solana blockchain has never been easier. SlerfTools allows anyone to create a Solana based token with an intuitive interface, whether launching a meme coin, utility token, or NFT project, without extensive coding knowledge.
In this comprehensive guide, we will take you through step by step of securing SlerfTools to deploy a Solana token from the wallet to the blockchain.
Step 1: Choice a Wallet Compatible with Solana
The first thing you have to do before you create your token, is to set up a Solana wallet that will allow you to interact with the blockchain. Some of the most popular choices are as follows:
Phantom (Recommended)
Solflare
Backpack
How to Set Up Phantom Wallet
Open https://phantom.app to get the browser extension or mobile app
Select Create a New Wallet and follow the instructions.
Store securely your recovery phrase (availing this if lost is impossible).
refill your wallet with SOL (for transaction fees) from an exchange (Binance, Coinbase, Kraken etc).
Step 2: Access SlerfTools
On the web browser, Visit SlerfTools Solana Token Creator: https://slerf.tools/en-us/token-creator/solana
SlerfTools create solana token
Click on the Connect Wallet button on the homepage to connect your Phantom Wallet.
Allow the website to communicate with your wallet.
Step 3: Create a New Token
After connecting your wallet, do the above:
1) Enter Token Details
Fill in the required fields:
Token Name: Pick a name that is not already in use and sounds also nice (e.g. SlerfCoin).
Token Symbol: A short and recognizable symbol (e.g. "SLRF").
Supply: Tell how many tokens will ever exist (i.e. 1,000,000,000, etc.).
Decimals: Typically 6 (like SOL, but you can set your own.
2) Configure More Token Features
SlerfTools might provide the following possibilities:
Mint Authority: Determine who is allowed to mint more tokens.
Freeze Authority: Can freeze/unfreeze accounts (useful for compliance and security).
Burn Authority: Used to destroy tokens without any recovery option.
3) Deploy the Token
Now click Create Token to complete your token settings.
Confirm the transaction on your Phantom Wallet.
A few seconds later, it will confirm. After completing this step, your token will be active on the Solana blockchain.
Step 4: Provide Liquidity & Trade Your Token
Once the token is created, you could make it tradable by adding liquidity on solana DEXs like:
Raydium (https://raydium.io)
Orca (https://orca.so)
Jupiter (https://jup.ag)
How to Provide Liquidity on Raydium
Head over to create liquidity pool On Raydium and connect your Phantom Wallet.
Create Liquidity Use SlerfTools
Navigate to Liquidity, and add your new token + SOL
Select the amount and press on Add Liquidity.
Finalize the transaction in your wallet.
Your token is now tradeable!
Step 5: Promote Your Token
Tokens do not launch on their own, community and marketing are also essential. Consider:
Having a website and a white paper explaining what the token is for.
Establishing community on Twitter, Discord, and Telegram.
Listing on CoinMarketCap, CoinGecko, etc.
Attracting users through airdrops and promotions
Conclusion
SlerfTools lets you create a Solana token with just a few clicks, so anyone can start their own cryptocurrency in minutes. You can check the data till October 2023. Always perform proper due diligence and understand the implications of creating a token before launching your project, though.
And now it’s time to release your token and shake things up on the Solana blockchain!
