CryptEx - LP Locker, Tokens Vesting, Smart
  • 🌐Introducing
  • What is CryptEx
  • Powered by HashEx
  • πŸ’‘CryptEx Services
    • πŸ”“LP Locker
      • πŸ‘¨β€πŸ’»Locker Contracts
        • BSC
        • Polygon
        • Avalanche
        • Gnosis (xDai)
        • Fantom
        • Aurora
        • Cronos
        • Moonriver
        • BSC (Testnet)
      • Locker Fees
      • How to Lock LP tokens
    • πŸ”Vesting
      • πŸ‘¨β€πŸ’»Vesting Contracts
        • BSC
        • Polygon
        • Avalanche
        • Gnosis (xDai)
        • Fantom
        • BSC (Testnet)
      • Vesting Fees
      • How to Vest Team Tokens
    • πŸ—οΈSmart Contract Constructor
      • πŸ‘¨β€πŸ’»Constructor Contracts
        • BSC
        • Polygon
        • BSC (Testnet)
        • Polygon (Mumbai Testnet)
      • Audit
      • Constructor Fees
      • ERC-20/BEP20 token
        • How to create ERC-20/BEP20 token
      • RFI Token
        • Advantages of RFI created by our constructor
  • πŸͺ™CryptEx Token (CRX)
    • CRX
    • Tokenomics
    • How To Buy
      • Buy on our web with PC
      • Buy on our web with a Phone
      • Buy on a Swap
      • Video instructions
    • πŸ₯©Staking
      • πŸ‘¨β€πŸ’»Staking Contracts
        • BSC
        • BSC (Testnet)
      • How to Stake CRX on PC
      • How to Stake CRX on IOS
      • How to Stake CRX on Android
      • Video Guide
  • 🐢CryptEx Super Puppy NFT
    • About
    • Tokenomics
    • Use
    • How to mint NFT
  • ❗Important
    • Roadmap
    • Partnerships
    • Terms, Cookies and Privacy Policy
  • πŸ“žCONTACT US
    • Social links
  • ⁉️FAQs
    • LP FAQ
    • Staking FAQ
    • Vesting FAQ
    • Types of Tokens
    • Token Creation FAQ
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On this page
  • Step 1. Choose the Purpose
  • Step 2. Set up Goals and Create a Roadmap
  • Step 3. Choose the Approach
  • Step 4. Set up the Specifications
  • Step 5. Coding and testing
  • Step 6. Release your token and enjoy the ups and downs of the crypto world.
  1. FAQs

Token Creation FAQ

Creating a token is a fairly simple process, which results in a large number of various tokens on the market. In contrast, to make a crypto coin, you would have to involve a team of professionals able to build a whole chain.

Step 1. Choose the Purpose

First and foremost you have to understand why and what for you are creating the token. Weigh in pros and cons to understand the purpose. A purposeless token is more than anything, a waste of effort. So make sure your project needs and can use it.

Step 2. Set up Goals and Create a Roadmap

Like with any other aspect of your project, you have to have clear goals and the timeframe of your token achieving them. Consider the risks, the market trends, and the possible marketing strategies.

That would also be the time to choose the network and the standard for your token. For instance, for BSC you would want to create an ERC-20 token since this is the standard these tokens adhere to.

Step 3. Choose the Approach

You have two options here, either outsource the creation of the token or do it yourself. If you don’t have coding knowledge, you can use a tool like CryptEx Token Constructor. It requires minimal knowledge and you can receive additional consulting via support or the community. This option is also cheaper than the others.

The other options are to create an in-house team or order a smart contract. Either way, you will stay in close communication with the coders during the whole process.

Step 4. Set up the Specifications

There will be several things to clarify. Max token supply, its number of decimals, yielding possibilities, a symbol, etc.

This you can either choose yourself or follow the recommendations of your coders.

Step 5. Coding and testing

With the CryptEx Token Constructor, you get a tested and audited smart contract in a matter of seconds.

Other options may take longer, especially when choosing to order the contract from a third party. Normally the process takes about a week, but you will have to have a reserved time slot. The company would code the contract and test it. CryptEx parent company HashEx offers this service.

After the contract is complete, you have to make sure that it’s audited to eliminate the possibility of an external attack or a rugpull. Of course, the latter option depends on the owner of the contract, so you mostly do it to reassure your users that your intentions are sincere.

Step 6. Release your token and enjoy the ups and downs of the crypto world.

This one speaks for itself. Your token is ready and now the difficult but fun part truly begins.

PreviousTypes of Tokens

Last updated 3 years ago

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