Create Token
To get started with asset tokenization via Token Tool connect your wallet with one of the options described under Token issuer key custody and select the blockchain of your choice. Once you have done that you can create your first token.
All of the following settings are required for every token.
- Token name: This is ideally a human readable name such as "USD Coin"
- Symbol: The token symbol is comparable to its ticker symbol, typically four or more characters are used such as "USDC"
- Initial supply: The amount of tokens that get minted at token creation. Note that you have to activate "Can mint" further below if you want to be able to increase the supply after token creation. The supply is usually determined by the desired token denomination (i.e. the nominal value per token). For a bond offering with a nominal amount of USD 10 million and a denomination of USD 100,000 the supply would have to be 100 tokens.
- Decimals: Values can be 0-18, when 0 is used, the token is not divisible (security tokens for example usually are not divisible and will have 0 decimals)
All of the following token features are optional. Many of them however are critical for the life-cycle management of the token. Nevertheless, we recommend to activate only those features which are likely to be needed after initial token creation.
- Can burn: Enables token burning after initial token creation to decrease supply
- Can mint: Enables additional token minting after initial token creation to increase supply
- Can pause: Specifies whether your token and all associated operations can be halted and resumed whenever needed. This can be useful in case of a vulnerability or a malicious attack. Be aware that enabling pausing gives central authority to the token creator.
- Can Blacklist: Specifies whether individual accounts such as malicious actors can be blacklisted after initial token creation. Note that if this function is enabled together with whitelisting, you can still black list an address that is on the whitelist. This is useful when an investor has been added to a sanction list and you have to prevent them from transferring the token further.
- Change owner: The default owner is the address of the connected wallet. Note: if you change the owner to an address that you don’t control, you will not be able to make any changes to the token after its creation.
The following options are mainly relevant for compliance and regulatory reasons and make use of different security token standards from the ERC-1400 family. Note that you may not be able to create a liquidity pool on a DEX for tokens where some of these features are activated. Activation of each of these features increases the cost of token minting, see the Token Tool terms for detailed information.
- Has document (ERC-1643): Add the URL of an offering documentation such as a prospectus or whitepaper here. If you don't know what to put in here, you can leave this inactive.
- Max number of tokens per address is limited (ERC-1594): Sets maximum token balance per individual address. Limit can be increased after initial token creation but not decreased.
- Can be force transferred (ERC-1410): Regulates the permissions of the token issuer to enforce token transfers without approval or signature of the token holder. Cannot be deactivated after initial token creation.
- Requires whitelisting (ERC-1594): Defines if token transfers are only possible to whitelisted addresses or if the token is freely transferable. If you activate this, you can add and remove addresses to the whitelist under the Manage Token functionality. This feature is useful for security tokens where you need to know who holds your tokens.
It takes approximately 10 seconds to create the tokens after you confirm. The token will be automatically transferred to the address of the creator/owner after the creation is successful.
The token is automatically deployed to the network and verified. Should the token verification not be completed automatically, you can go to Manage Token and click the "Verify" button that is shown at the top of the screen in such cases.
Last modified 3mo ago