How to MAKE and SELL your OWN crypto coin (Create token in LESS than 15 minutes)

3 min read 7 days ago
Published on Sep 17, 2024 This response is partially generated with the help of AI. It may contain inaccuracies.

Table of Contents

Introduction

In this tutorial, you will learn how to create and sell your own cryptocurrency token on the Binance Smart Chain (BSC) in under 15 minutes. This process is budget-friendly, with transaction fees as low as $3, making it accessible for everyone. By the end, you'll have your own BEP-20 token ready to trade on PancakeSwap.

Step 1: Install MetaMask

  • Go to the MetaMask website and download the browser extension.
  • Follow the prompts to create a new wallet and securely set up your password.
  • Make sure to back up your seed phrase in a safe place.

Step 2: Connect MetaMask to Binance Smart Chain

  • Open your MetaMask wallet.
  • Click on the network dropdown at the top and select "Custom RPC."
  • Enter the following details:
    • Network Name: Binance Smart Chain
    • New RPC URL: https://bsc-dataseed.binance.org/
    • Chain ID: 56
    • Currency Symbol: BNB
    • Block Explorer URL: https://bscscan.com/
  • Save the settings. Your MetaMask is now connected to BSC.

Step 3: Create Your Own Token

  • Visit the OpenZeppelin GitHub page to access the smart contract templates: OpenZeppelin Contracts.
  • Copy the ERC-20 token contract code. Below is a simplified version you can modify:
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "@openzeppelin/contracts/token/ERC20/ERC20.sol";

contract MyToken is ERC20 {
    constructor() ERC20("YourTokenName", "YTN") {
        _mint(msg.sender, 1000000 * 10 ** decimals());
    }
}
  • Replace YourTokenName and YTN with your desired token name and symbol.
  • Compile the contract and deploy it using a platform like Remix or Truffle.

Step 4: Get Your Token Contract Address

  • After deployment, copy the contract address provided. You will need this for later steps.

Step 5: Add Your Token to MetaMask

  • In MetaMask, click on "Assets" and then "Import Tokens."
  • Paste your token contract address and fill in the token symbol and decimal fields.
  • Click "Add Custom Token" to complete the process.

Step 6: Sell Your Token on PancakeSwap

  • Visit PancakeSwap and connect your MetaMask wallet.
  • Navigate to the "Exchange" section.
  • Select your new token from the dropdown list.
  • To add liquidity, you need to pair your token with BNB:
    • Enter the amount of your token and BNB you want to provide.
    • Confirm the transaction in MetaMask to add liquidity.

Step 7: Set a Price for Your Token

  • After adding liquidity, your token will have a price based on the amount of BNB paired.
  • Monitor the trading pair to adjust as necessary.

Step 8: Promote Your Token

  • Share your token on social media platforms and crypto communities to attract buyers.
  • Engage in discussions and provide updates to build interest and trust.

Conclusion

Congratulations! You have successfully created, added, and sold your own cryptocurrency token on the Binance Smart Chain. Remember to promote your token to drive interest and trading activity. Explore further opportunities in the crypto space to enhance your project and expand your skills. Happy trading!