Full Tutorial on How to Create Token on Cardano Blockchain
This article will teach everything that you need to create/mint your token on cardano blockchain within 3 minutes. So, by the time you finish it, you will have the necessary information to create a token for your crypto/blockchain project.
Notice: I understand you may not have time to read long article, I have made a video version of this tutorial just for you. When you watch and find value it, don’f forget to subscribe to my channel for more videos. That’s not too much to do for a friend, yeah?
Are you ready for this? I am going to assume that you are a 14 years old kid and teach you just like that with screenshots, one step at a time.
Don’t rush it, there is no need. You can save this link and make reference to it in the future.
Tools That You Need Are;
Create Native Token
Step 1: Visit https://yoroi-wallet.com/#/ on your PC and create a wallet. Don’t forget to fund it with a minimum of 10 ADA. If you already have the wallet installed on your PC and there is enough ADA in it, skip this step.
I am going to create a tutorial on how to add Yoroi wallet extension to your chrome browser and create a wallet soon.
Step 2. Create a logo for your token because you will be required to upload it.
Step 3: Visit https://cardano-native-token.com/ and click on ‘ADA Native Token.’
Step 4: Fill every information about your token here. Upload your logo, type the maximum supply as you deem fit for your project, specify the token ticker and token name.
Step 5: Scroll down and click on ‘Forward.’
Step 6: If you would like to compensate the platform developers, you can set aside some tokens for them. Honestly, I encourage you to donate part of the tokens to them, this is going to motivate them to contribute more value to the ecosystem.
Step 7: Click on Submit
Step 8: Copy the address link and send the required amount of ADA to it, so that your token will be minted. Part of it will be used for token creation and 2 ADA will be returned back to your wallet. I am not sure if the developer will get any commission from the transaction.
Step 9: Open your Yoroi wallet and do the needful. Paste the wallet address and exact amount of ADA into the wallet. Enter your wallet password and send.
Step 10: Click on send.
Step 11: When your transaction is confirmed on cardano blockchain, you will receive tokens straight into your private wallet. It is that simple. You can send it to anyone and create a project to give value to it.
Step 12: Backup all relevant links on Google Doc before you close this tab, it will be useful in the future as your project is evolving.
Step 13: You can view your token on pool.pm if you want.
Have a look at the token that I created.
Congratulations! You have just learned how to create your own native token on Cardano blockchain. If this article is worth 0.001 BTC to you, follow me on Medium, subscribe to my list and give it 50 claps! If you have any questions, ask through the comment box, I will reply to you as soon as possible.
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About the Author
Ojeniyi Ayobami Abimbola has been trading cryptocurrency since 2015, and he is a blockchain content creator, and a crypto coach at Cryptoniche. You can connect with him on: https://t.me/cryptoniche_hangout
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