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Creating Your Own ERC-20 Token

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This section shows you how to create your own token on the Ethereum network. Before you read through this section, make sure that you’ve set up MetaMask. If you haven’t, refer to Chapter 3 of this minibook, where you find detailed instructions for setting up your computer and downloading MetaMask.

To create your token, follow these steps:

1 Go to https://www.createmytoken.com.

2 Click Ethereum Network.

3 Click Create ERC-20 Token for free!.

4 Connect your MetaMask wallet by clicking Connect.

5 Name your token and give it a Token (ticker) Symbol.

6 Make sure that All Functionality is set to the On position.

7 Type in your initial supply of tokens, such as 100,000,000.Under the Ready to Deploy? box, make sure you have enough ETH in your MetaMask wallet to cover the gas fees. For example, at the time of this writing, the estimated cost was 0.05 ETH. If this amount is acceptable to you, click Deploy Token!.

Congratulations! You’ve created your own token. With tools like https://www.createmytoken.com, it’s easy and fast to create a token on various platforms. If you’re curious to find out more about Ethereum, head to Book 4.

Cryptocurrency All-in-One For Dummies

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