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How to create a SPL token and create a market for it?

bitwolf by bitwolf
August 26, 2023
in Solana
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Home Solana


How to create a SPL token and create a market for it?

Hey everybody i'll do a fast submit right this moment to assist individuals who need to create SPL Tokens.

First your have to go on this https://www.dexlab.space/mintinglab/spl-token and go in "Token Minting"

You have to put :

Identify

The identify of your token

Image

the image of your token

Description (Possibility)

Add to Image picture URL or IPFS

(picture that you just'll see beside the token in your pockets or on birdeye for instance, prices <0.001 SOL to add)

​

https://preview.redd.it/b29ekqy3mbkb1.png?width=814&format=png&auto=webp&s=3d4494041acfc7c888482dc4a31e8d1f7b475aeb

After that you just'll have the ability to select the decimals of the token and the provision

Whole quantity of tokens issued can not exceed u64 max.
u64 vary displays decimal models.
( ex. 1 provide + 9 decimal = 1000000000 )

so if you wish to create 100M tokens it’s worthwhile to put 8 decimals and put 100000000

https://preview.redd.it/ho214ocambkb1.png?width=822&format=png&auto=webp&s=027221648e517af257587e97b53a5223f06ab751

After that you just'll should approve a transaction to obtain your tokens, prices round 0.02 SOL

Now you're all set with the tokens in your pockets.

Find out how to create a market to your token now? (prices round 2.5 SOL)

Head to this hyperlink :

https://raydium.io/create-market/

You first have to create a market, you'll should put the "base token" which shall be in your case the one you simply created on dexlabs, the quote token is for the pair, for instance SOL-USDC, USDC is the quote token. Notice that the quote token that u select would be the one you'll have to offer for the liquidity pool.

For the Minimal order measurement and Minimal worth tick measurement, confer with https://docs.raydium.io/raydium/pool-creation/creating-a-standard-amm-pool

https://preview.redd.it/rxnda1gnkbkb1.png?width=777&format=png&auto=webp&s=84b60d296245d34c26a76c4872ffe555074f16bc

After creating the market, head to https://raydium.io/liquidity/create/ you then'll should put the Openbook market id you had been supplied after creating the market.

Throw the variety of tokens you need to be out there out there, and the way a lot you need to put within the LP, the extra money within the LP, the much less the value influence shall be at every purchases, instance :

You could have a 2000$ LP, somebody buys 200$ of your token, the value will improve by 10% which is A LOT, scale the LP measurement on the amount you propose on doing and the utilization of the token.

​

After that you would be able to create the LP and also you're all set, individuals can purchase, promote your token.

Let me know if u want additional assist.

submitted by /u/MoveSpecific
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