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"articleBody": "I wanted to create an SPL token and after looking online I couldn’t find an updated guide. I mainly just found Keyglowmax (SCAM). So I thought I would learn and share. There are much easier ways to create these tokens but they cost $ and spending more $ than needed is no fun. They also have you connect your wallet which is enough of a worry. This guide costs as little SOL as possible as everything is transacted directly on-chain. Everything is done from the CLI.\nThis guide just covers the basics, the tools used are way more powerful than what I use them for, this is just creating a basic token with no taxes or memos or anything complex, but these tools do support those options. If you are interested in doing more I would read the proper documentation.\nhttps://docs.solanalabs.com/cli/install https://metaboss.rs/overview.html https://spl.solana.com/token NetworkChuck has a video from late 2021 on doing this, but some commands are a bit outdated, and Solana updated their entire metadata process in 2022.\nI am using an Ubuntu 22.04 VM with 60GB storage to run these commands.\nStarting balance: 0.079975 SOL Ending balance: 0.05731652 SOL Total SOL cost: 0.02265848 SOL ($4.22 on 3/15/2024) Installing Solana Tools First we need to download Solana tools to our system:\nsh -c \"$(curl -sSfL https://release.solana.com/stable/install)\" then run the export path command that is given to you:\nexport PATH=\"/home/mafyuh/.local/share/solana/install/active_release/bin:$PATH\" Restart your terminal session.\nCreating Wallet We will create a new SOL wallet to fund our token. To do this run:\nsolana-keygen new --derivation-path \"m/44'/501'/0'/0'\" --force --no-bip39-passphrase Credit to u/nel0_angel0 on finding the –derivation-path flag\nI would backup your recovery seed phrase and take note of the public address. I would fund this wallet with some SOL as well at this time. It’s best to restore this private key in your wallet on PC/phone. (Phantom, Solflare, etc)\nKeep note of the keypair directory for later step.\nCheck your SOL balance with:\nsolana balance Install Rust We need Rust in order to create the token, to install Rust run:\ncurl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh Press enter for default installation. Once completed, restart your session again.\nThen we need to install some needed packages:\nsudo apt install libudev-dev llvm libclang-dev libssl-dev pkg-config build-essential protobuf-compiler -y Install spl-token-cli Now using Rust we are gonna install Solana’s CLI tools, this will take a few minutes.\ncargo install spl-token-cli Create Token Creating a new token is simple, make sure your wallet is funded with SOL and just run:\nspl-token create-token Your token’s address will be printed on screen. You will use this address in pretty much all the rest of the steps so keep handy.\nNote this creates a 9 decimal token, with no extensions, if you want to change this and add complexity to the token check out this\nIf you want to create a token with different that 9 decimals use:\nspl-token create-token --decimals \u003c# of decimals\u003e For a list of all things you can do run:\nspl-token create-token --help Now we need to create a token account for this token:\nspl-token create-account Example:\nspl-token create-account 7njsg9BA1xvXX9DNpe5fERHK4zb7MbCHKZ6zsx5k3adr If you get errors like:\n“unable to confirm transaction. This can happen in situations such as transaction expiration and insufficient fee-payer funds”\nYou just need to retry a few times, it will eventually go thru but sometimes takes 3-4 runs.\nMinting Tokens Now that you have a token and an account for the token, you can actually mint some tokens. To do this run:\nspl-token mint \u003c# of tokens\u003e Example:\nspl-token mint 7njsg9BA1xvXX9DNpe5fERHK4zb7MbCHKZ6zsx5k3adr 1000000 CkaGbdriXVMHtzFBPtnpDjQvZ9gM9bwd8XdTTKR2Wx32 To see your tokens you can run:\nspl-token accounts Now if you want to send these tokens to a new address, just run:\nspl-token transfer --fund-recipient --allow-unfunded-recipient \u003c# of tokens\u003e Example:\nspl-token transfer --fund-recipient --allow-unfunded-recipient 7njsg9BA1xvXX9DNpe5fERHK4zb7MbCHKZ6zsx5k3adr 1000000 2DDyEt5N4y77ETWhhUmkZiympQbpjkfrt8FcMKhB1iWU This won’t be needed if you restored your private key in your wallet.\nInstalling Metaboss Once this completes you can install metaboss which is needed to upload metadata. You can try to use spl-token built in metadata uploader as well, using –enable-metadata and initialize-metadata during token creation, but I couldn’t get this to work. Metaboss worked 1st try, again, this takes some time:\ncargo install metaboss Arweave/Github While we wait on metaboss to install, we should start uploading our tokens Logo to a cloud provider, I use Arweave in this example but you can use anything really. There are also many ways to upload to arweave so this is just a friendly example thats free.\nFirst create an account at https://akord.com/use-arweave Upload your image to a new vault. (PNG) Click on the information icon next to your image and copy the arweave.net URL. (Not under Share) We need this for our JSON file we will create next.\nNow you can create a json file, and in it paste the following:\n{ \"name\": \"TOKEN_NAME\", \"symbol\": \"SYM\", \"description\": \"Description of token\", \"image\": \"https://arweave.net/image-url-from-above\" } If you want metadata extensions use:\n{ \"name\": \"TOKEN_NAME\", \"symbol\": \"SYM\", \"description\": \"Small description of your token.\", \"image\": \"https://arweave.net/image-url-from-above\", \"extensions\": { \"website\": \"\", \"twitter\": \"\", \"telegram\": \"\" } } Now save this file with .json extension and upload it to Arweave just like the image. Now we need this JSON file’s Arweave link. Copy it from akord and create a new json file in your Solana server’s working directory. Fill in the following:\n{ \"name\": \"TOKEN_NAME\", \"symbol\": \"SYM\", \"uri\": \"https://arweave.net/json-file-arweave-url\" } Using the JSON file’s Arweave link as the URI. Name this file metadata.json.\nIf you are using Github, just make a new repo, upload the json file and image, copy the RAW url. URL should look like https://raw.githubusercontent.com/xxxxxxx. Probably easier to use Github tbh, especially if you don’t even know what Arweave is.\nCreating Metadata First we need to update our RPC URL, to set to mainnet run:\nsolana config set --url https://api.mainnet-beta.solana.com --keypair /home/mafyuh/.config/solana/id.json Filling in your keypair directory from earlier.\nNow that metaboss is installed, we just need to run 1 command to create our tokens metadata, again it may take a few tries:\nmetaboss create metadata -a -m metadata.json You should be able to go to solscan and see your updated metadata! It should appear in the SOL wallets soon after.\nUpdating Metadata If you ever need to update your metadata, you can do so by running:\nmetaboss update uri --keypair /home/mafyuh/.config/solana/id.json --account --new-uri https://arweave.net/new-arweave-json-url or you can just edit your existing json file.\nCreating a Market Now that you have a coin ready to go, you probably wanna get it listed so others can buy, I’ll try to make this process as cheap and easy as possible. Thanks to this Reddit post for finding these values.\nYou need to connect your wallet and have the tokens in the wallet that is connected for this to work, so either restore your private key or send tokens to your wallet on PC.\nNote I would not create this small of a market for a production coin, as what you are paying for when creating a market is essentially space on the blockchain for all your transactions. Long term projects should certainly not pay this little for a market, probably only good for smaller meme coins. If you are planning a long-term project you should probably be paying a few SOL for your market fee.\nRaydium has some good docs on how to create a market and pool, I would review these docs as well.\nFirst go to https://openbook-explorer.xyz/market/create Click Existing under mints Base Mint: Your token address Quote Mint: So11111111111111111111111111111111111111112 (this is swapping for SOL) Under Mints , since by default our token was 9 decimals, we will set these values Min Order size: 0.1 Price Tick: 0.99999998 or 0.99999999 Under advanced options check use advanced options. (this is what we are paying for, if long-term pay the 2.78 SOL) Event Queue Length: 128 Request Queue Length: 63 Orderbook Length: 201 At this time the cost to create this market is 0.32 SOL. Keep note of the market address.\nCreating Pool Now that we have a market, we need to create a pool. I’ve found Raydium to be the cheapest fee, but I would not cheap out on how much SOL you delegate to the pool as this is gonna be your liquidity, and having almost no liquidity is gonna be big red flag. But I have in the past just delegated .1 SOL and it worked, but trust me this is not gonna work out well.\nFirst go to https://raydium.io/liquidity/create/ Connect Wallet Paste Market ID Under Price and initial liquidity What we are doing here is setting our tokens starting price, the amount of tokens you put in the pool at the start decides how much they’re worth compared to SOL. All your tokenomics and things like this should probably already be done at this point, unless you’re just YOLO’ing it like I did. This is by far the most costly part of the process. Set a certain start time if you want. Hit Initialize Liquidity Pool and confirm in your wallet. The total fee currently is .68 SOL to create this pool.\nYou will recieve all the LP tokens in your wallet.\nBurning LP/ Revoke Authority You will probably want to burn these LP tokens so buyers won’t be scared off. There are many ways to do this, you can use the cli using this command:\nspl-token burn You can get the address on Solscan. Some wallets like solflare allow you to burn tokens thru the wallet. Or you can use online services like https://sol-incinerator.com/\nYou will also want to revoke mint authority, you will not be able to mint anymore tokens:\nspl-token authorize mint --disable If you want to get your price to show on the wallets, you need to get listed on CoinGecko. There’s a bunch of requirements, to apply here is a link.\nTo get listed on Jupiter, they will automatically list your token once it hits some benchmarks which can be found here\nNow you just need to start your social media campaigns and best of luck! You can send your boy some of your tokens as thanks @ 3RYPrKxC6BNv3XUMf8Cyjg36pw6Qu1txRvqq6LNq9Psj\nTotal in Fees: 1 SOL (plus your liquidity)\nHope this guide has helped you save some $ when creating your Solana tokens!\n",
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<div class="breadcrumbs"><a href="https://mafyuh.com/">Home</a> » <a href="https://mafyuh.com/posts/">Posts</a></div>
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<h1 class="post-title entry-hint-parent">
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How to create a Solana Token (SPL) from CLI with metadata
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</h1>
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<div class="post-meta"><span title='2024-03-15 00:13:40 +0000 UTC'>March 15, 2024</span> · 9 min · 1713 words · Matt
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<div class="inner"><nav id="TableOfContents">
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<ul>
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||
<li><a href="#installing-solana-tools">Installing Solana Tools</a></li>
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||
<li><a href="#creating-wallet">Creating Wallet</a></li>
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<li><a href="#install-rust">Install Rust</a></li>
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<li><a href="#install-spl-token-cli">Install spl-token-cli</a></li>
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<li><a href="#create-token">Create Token</a></li>
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<li><a href="#minting-tokens">Minting Tokens</a></li>
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<li><a href="#installing-metaboss">Installing Metaboss</a></li>
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<li><a href="#arweavegithub">Arweave/Github</a></li>
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<li><a href="#creating-metadata">Creating Metadata</a></li>
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<li><a href="#updating-metadata">Updating Metadata</a></li>
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<li><a href="#creating-a-market">Creating a Market</a></li>
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<li><a href="#creating-pool">Creating Pool</a></li>
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<li><a href="#burning-lp-revoke-authority">Burning LP/ Revoke Authority</a></li>
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</ul>
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<div class="post-content"><p>I wanted to create an SPL token and after looking online I couldn’t find an updated guide. I mainly just found Keyglowmax (SCAM). So I thought I would learn and share. There are much easier ways to create these tokens but they cost $ and spending more $ than needed is no fun. They also have you connect your wallet which is enough of a worry. This guide costs as little SOL as possible as everything is transacted directly on-chain. Everything is done from the CLI.</p>
|
||
<p>This guide just covers the basics, the tools used are way more powerful than what I use them for, this is just creating a basic token with no taxes or memos or anything complex, but these tools do support those options. If you are interested in doing more I would read the proper documentation.</p>
|
||
<ul>
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||
<li><a href="https://docs.solanalabs.com/cli/install">https://docs.solanalabs.com/cli/install</a></li>
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||
<li><a href="https://metaboss.rs/overview.html">https://metaboss.rs/overview.html</a></li>
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<li><a href="https://spl.solana.com/token">https://spl.solana.com/token</a></li>
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</ul>
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<p><a href="https://www.youtube.com/watch?v=befUVytFC80">NetworkChuck has a video</a> from late 2021 on doing this, but some commands are a bit outdated, and Solana updated their entire metadata process in 2022.</p>
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<p>I am using an Ubuntu 22.04 VM with 60GB storage to run these commands.</p>
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|
||
<li>Starting balance: 0.079975 SOL</li>
|
||
<li>Ending balance: 0.05731652 SOL</li>
|
||
<li>Total SOL cost: 0.02265848 SOL ($4.22 on 3/15/2024)</li>
|
||
</ul>
|
||
<h2 id="installing-solana-tools">Installing Solana Tools<a hidden class="anchor" aria-hidden="true" href="#installing-solana-tools">#</a></h2>
|
||
<p>First we need to download Solana tools to our system:</p>
|
||
<pre tabindex="0"><code>sh -c "$(curl -sSfL https://release.solana.com/stable/install)"
|
||
</code></pre><p>then run the export path command that is given to you:</p>
|
||
<pre tabindex="0"><code>export PATH="/home/mafyuh/.local/share/solana/install/active_release/bin:$PATH"
|
||
</code></pre><p>Restart your terminal session.</p>
|
||
<h2 id="creating-wallet">Creating Wallet<a hidden class="anchor" aria-hidden="true" href="#creating-wallet">#</a></h2>
|
||
<p>We will create a new SOL wallet to fund our token. To do this run:</p>
|
||
<pre tabindex="0"><code>solana-keygen new --derivation-path "m/44'/501'/0'/0'" --force --no-bip39-passphrase
|
||
</code></pre><p>Credit to <a href="https://www.reddit.com/r/solana/comments/1bfxc37/how_to_create_a_solana_token_spl_from_cli_with/kwcqlao/?context=3">u/nel0_angel0</a> on finding the –derivation-path flag</p>
|
||
<p>I would backup your recovery seed phrase and take note of the public address. I would fund this wallet with some SOL as well at this time. It’s best to restore this private key in your wallet on PC/phone. (Phantom, Solflare, etc)</p>
|
||
<p>Keep note of the keypair directory for later step.</p>
|
||
<p>Check your SOL balance with:</p>
|
||
<pre tabindex="0"><code>solana balance
|
||
</code></pre><h2 id="install-rust">Install Rust<a hidden class="anchor" aria-hidden="true" href="#install-rust">#</a></h2>
|
||
<p>We need Rust in order to create the token, to install Rust run:</p>
|
||
<pre tabindex="0"><code>curl --proto '=https' --tlsv1.2 -sSf https://sh.rustup.rs | sh
|
||
</code></pre><p>Press enter for default installation. Once completed, restart your session again.</p>
|
||
<p>Then we need to install some needed packages:</p>
|
||
<pre tabindex="0"><code>sudo apt install libudev-dev llvm libclang-dev libssl-dev pkg-config build-essential protobuf-compiler -y
|
||
</code></pre><h2 id="install-spl-token-cli">Install spl-token-cli<a hidden class="anchor" aria-hidden="true" href="#install-spl-token-cli">#</a></h2>
|
||
<p>Now using Rust we are gonna install Solana’s CLI tools, this will take a few minutes.</p>
|
||
<pre tabindex="0"><code>cargo install spl-token-cli
|
||
</code></pre><h2 id="create-token">Create Token<a hidden class="anchor" aria-hidden="true" href="#create-token">#</a></h2>
|
||
<p>Creating a new token is simple, make sure your wallet is funded with SOL and just run:</p>
|
||
<pre tabindex="0"><code>spl-token create-token
|
||
</code></pre><p>Your token’s address will be printed on screen. You will use this address in pretty much all the rest of the steps so keep handy.</p>
|
||
<p>Note this creates a 9 decimal token, with no extensions, if you want to change this and add complexity to the token check out <a href="https://spl.solana.com/token-2022/extensions">this</a></p>
|
||
<p>If you want to create a token with different that 9 decimals use:</p>
|
||
<pre tabindex="0"><code>spl-token create-token --decimals <# of decimals>
|
||
</code></pre><p>For a list of all things you can do run:</p>
|
||
<pre tabindex="0"><code>spl-token create-token --help
|
||
</code></pre><p>Now we need to create a token account for this token:</p>
|
||
<pre tabindex="0"><code>spl-token create-account <TOKEN_ADDRESS>
|
||
</code></pre><p>Example:</p>
|
||
<pre tabindex="0"><code>spl-token create-account 7njsg9BA1xvXX9DNpe5fERHK4zb7MbCHKZ6zsx5k3adr
|
||
</code></pre><p>If you get errors like:</p>
|
||
<p>“unable to confirm transaction. This can happen in situations such as transaction expiration and insufficient fee-payer funds”</p>
|
||
<p>You just need to retry a few times, it will eventually go thru but sometimes takes 3-4 runs.</p>
|
||
<h2 id="minting-tokens">Minting Tokens<a hidden class="anchor" aria-hidden="true" href="#minting-tokens">#</a></h2>
|
||
<p>Now that you have a token and an account for the token, you can actually mint some tokens. To do this run:</p>
|
||
<pre tabindex="0"><code>spl-token mint <TOKEN_ADDRESS> <# of tokens> <ACCOUNT_ADDRESS>
|
||
</code></pre><p>Example:</p>
|
||
<pre tabindex="0"><code>spl-token mint 7njsg9BA1xvXX9DNpe5fERHK4zb7MbCHKZ6zsx5k3adr 1000000 CkaGbdriXVMHtzFBPtnpDjQvZ9gM9bwd8XdTTKR2Wx32
|
||
</code></pre><p>To see your tokens you can run:</p>
|
||
<pre tabindex="0"><code>spl-token accounts
|
||
</code></pre><p>Now if you want to send these tokens to a new address, just run:</p>
|
||
<pre tabindex="0"><code>spl-token transfer --fund-recipient --allow-unfunded-recipient <TOKEN_ADDRESS> <# of tokens> <NEW_ADDRESS>
|
||
</code></pre><p>Example:</p>
|
||
<pre tabindex="0"><code>spl-token transfer --fund-recipient --allow-unfunded-recipient 7njsg9BA1xvXX9DNpe5fERHK4zb7MbCHKZ6zsx5k3adr 1000000 2DDyEt5N4y77ETWhhUmkZiympQbpjkfrt8FcMKhB1iWU
|
||
</code></pre><p>This won’t be needed if you restored your private key in your wallet.</p>
|
||
<h2 id="installing-metaboss">Installing Metaboss<a hidden class="anchor" aria-hidden="true" href="#installing-metaboss">#</a></h2>
|
||
<p>Once this completes you can install metaboss which is needed to upload metadata. You can try to use spl-token built in metadata uploader as well, using –enable-metadata and initialize-metadata during token creation, but I couldn’t get this to work. Metaboss worked 1st try, again, this takes some time:</p>
|
||
<pre tabindex="0"><code>cargo install metaboss
|
||
</code></pre><h2 id="arweavegithub">Arweave/Github<a hidden class="anchor" aria-hidden="true" href="#arweavegithub">#</a></h2>
|
||
<p>While we wait on metaboss to install, we should start uploading our tokens Logo to a cloud provider, I use Arweave in this example but you can use anything really. There are also many ways to upload to arweave so this is just a friendly example thats free.</p>
|
||
<p>First create an account at <a href="https://akord.com/use-arweave">https://akord.com/use-arweave</a>
|
||
Upload your image to a new vault. (PNG)
|
||
Click on the information icon next to your image and copy the arweave.net URL. (Not under Share) We need this for our JSON file we will create next.</p>
|
||
<p>Now you can create a json file, and in it paste the following:</p>
|
||
<pre tabindex="0"><code>{
|
||
"name": "TOKEN_NAME",
|
||
"symbol": "SYM",
|
||
"description": "Description of token",
|
||
"image": "https://arweave.net/image-url-from-above"
|
||
}
|
||
</code></pre><p>If you want metadata extensions use:</p>
|
||
<pre tabindex="0"><code>{
|
||
"name": "TOKEN_NAME",
|
||
"symbol": "SYM",
|
||
"description": "Small description of your token.",
|
||
"image": "https://arweave.net/image-url-from-above",
|
||
"extensions": {
|
||
"website": "",
|
||
"twitter": "",
|
||
"telegram": ""
|
||
}
|
||
}
|
||
</code></pre><p>Now save this file with .json extension and upload it to Arweave just like the image. Now we need this JSON file’s Arweave link. Copy it from akord and create a new json file in your Solana server’s working directory. Fill in the following:</p>
|
||
<pre tabindex="0"><code>{
|
||
"name": "TOKEN_NAME",
|
||
"symbol": "SYM",
|
||
"uri": "https://arweave.net/json-file-arweave-url"
|
||
}
|
||
</code></pre><p>Using the JSON file’s Arweave link as the URI. Name this file metadata.json.</p>
|
||
<p>If you are using Github, just make a new repo, upload the json file and image, copy the RAW url. URL should look like <a href="https://raw.githubusercontent.com/xxxxxxx">https://raw.githubusercontent.com/xxxxxxx</a>. Probably easier to use Github tbh, especially if you don’t even know what Arweave is.</p>
|
||
<h2 id="creating-metadata">Creating Metadata<a hidden class="anchor" aria-hidden="true" href="#creating-metadata">#</a></h2>
|
||
<p>First we need to update our RPC URL, to set to mainnet run:</p>
|
||
<pre tabindex="0"><code>solana config set --url https://api.mainnet-beta.solana.com --keypair /home/mafyuh/.config/solana/id.json
|
||
</code></pre><p>Filling in your keypair directory from earlier.</p>
|
||
<p>Now that metaboss is installed, we just need to run 1 command to create our tokens metadata, again it may take a few tries:</p>
|
||
<pre tabindex="0"><code>metaboss create metadata -a <TOKEN_ADDRESS> -m metadata.json
|
||
</code></pre><p>You should be able to go to solscan and see your updated metadata! It should appear in the SOL wallets soon after.</p>
|
||
<h2 id="updating-metadata">Updating Metadata<a hidden class="anchor" aria-hidden="true" href="#updating-metadata">#</a></h2>
|
||
<p>If you ever need to update your metadata, you can do so by running:</p>
|
||
<pre tabindex="0"><code>metaboss update uri --keypair /home/mafyuh/.config/solana/id.json --account <TOKEN_ADDRESS> --new-uri https://arweave.net/new-arweave-json-url
|
||
</code></pre><p>or you can just edit your existing json file.</p>
|
||
<h2 id="creating-a-market">Creating a Market<a hidden class="anchor" aria-hidden="true" href="#creating-a-market">#</a></h2>
|
||
<p>Now that you have a coin ready to go, you probably wanna get it listed so others can buy, I’ll try to make this process as cheap and easy as possible. Thanks to this <a href="https://www.reddit.com/r/solana/comments/1b50vj0/create_cheap_openbook_market_solana_only_04_sol/?utm_source=share&utm_medium=web2x&context=3">Reddit post</a> for finding these values.</p>
|
||
<p>You need to connect your wallet and have the tokens in the wallet that is connected for this to work, so either restore your private key or send tokens to your wallet on PC.</p>
|
||
<p>Note I would not create this small of a market for a production coin, as what you are paying for when creating a market is essentially space on the blockchain for all your transactions. Long term projects should certainly not pay this little for a market, probably only good for smaller meme coins. If you are planning a long-term project you should probably be paying a few SOL for your market fee.</p>
|
||
<p><a href="https://docs.raydium.io/raydium/pool-creation/creating-a-standard-amm-pool">Raydium has some good docs on how to create a market and pool</a>, I would review these docs as well.</p>
|
||
<ul>
|
||
<li>First go to <a href="https://openbook-explorer.xyz/market/create">https://openbook-explorer.xyz/market/create</a></li>
|
||
<li>Click Existing under mints</li>
|
||
</ul>
|
||
<ol>
|
||
<li>Base Mint: Your token address</li>
|
||
<li>Quote Mint: So11111111111111111111111111111111111111112 (this is swapping for SOL)</li>
|
||
</ol>
|
||
<ul>
|
||
<li>Under Mints , since by default our token was 9 decimals, we will set these values</li>
|
||
</ul>
|
||
<ol>
|
||
<li>Min Order size: 0.1</li>
|
||
<li>Price Tick: 0.99999998 or 0.99999999</li>
|
||
</ol>
|
||
<ul>
|
||
<li>Under advanced options check use advanced options. (this is what we are paying for, if long-term pay the 2.78 SOL)</li>
|
||
</ul>
|
||
<ol>
|
||
<li>Event Queue Length: 128</li>
|
||
<li>Request Queue Length: 63</li>
|
||
<li>Orderbook Length: 201</li>
|
||
</ol>
|
||
<p>At this time the cost to create this market is 0.32 SOL. Keep note of the market address.</p>
|
||
<h2 id="creating-pool">Creating Pool<a hidden class="anchor" aria-hidden="true" href="#creating-pool">#</a></h2>
|
||
<p>Now that we have a market, we need to create a pool. I’ve found Raydium to be the cheapest fee, but I would not cheap out on how much SOL you delegate to the pool as this is gonna be your liquidity, and having almost no liquidity is gonna be big red flag. But I have in the past just delegated .1 SOL and it worked, but trust me this is not gonna work out well.</p>
|
||
<ul>
|
||
<li>First go to <a href="https://raydium.io/liquidity/create/">https://raydium.io/liquidity/create/</a></li>
|
||
</ul>
|
||
<ol>
|
||
<li>Connect Wallet</li>
|
||
<li>Paste Market ID</li>
|
||
</ol>
|
||
<ul>
|
||
<li>Under Price and initial liquidity</li>
|
||
</ul>
|
||
<ol>
|
||
<li>What we are doing here is setting our tokens starting price, the amount of tokens you put in the pool at the start decides how much they’re worth compared to SOL. All your tokenomics and things like this should probably already be done at this point, unless you’re just YOLO’ing it like I did. This is by far the most costly part of the process.</li>
|
||
<li>Set a certain start time if you want.</li>
|
||
</ol>
|
||
<ul>
|
||
<li>Hit Initialize Liquidity Pool and confirm in your wallet.</li>
|
||
</ul>
|
||
<p>The total fee currently is .68 SOL to create this pool.</p>
|
||
<p>You will recieve all the LP tokens in your wallet.</p>
|
||
<h2 id="burning-lp-revoke-authority">Burning LP/ Revoke Authority<a hidden class="anchor" aria-hidden="true" href="#burning-lp-revoke-authority">#</a></h2>
|
||
<p>You will probably want to burn these LP tokens so buyers won’t be scared off. There are many ways to do this, you can use the cli using this command:</p>
|
||
<pre tabindex="0"><code>spl-token burn <TOKEN-ACCOUNT-ADDRESS> <AMOUNT>
|
||
</code></pre><p>You can get the address on Solscan. Some wallets like solflare allow you to burn tokens thru the wallet. Or you can use online services like <a href="https://sol-incinerator.com/">https://sol-incinerator.com/</a></p>
|
||
<p>You will also want to revoke mint authority, you will not be able to mint anymore tokens:</p>
|
||
<pre tabindex="0"><code>spl-token authorize <token_address> mint --disable
|
||
</code></pre><p>If you want to get your price to show on the wallets, you need to get listed on CoinGecko. There’s a bunch of requirements, to apply here is a <a href="https://support.coingecko.com/hc/en-us/articles/7291312302617-How-to-list-new-cryptocurrencies-on-CoinGecko">link</a>.</p>
|
||
<p>To get listed on Jupiter, they will automatically list your token once it hits some benchmarks which can be found <a href="https://station.jup.ag/docs/get-your-token-onto-jup#getting-on-the-strict-list">here</a></p>
|
||
<p>Now you just need to start your social media campaigns and best of luck! You can send your boy some of your tokens as thanks @ 3RYPrKxC6BNv3XUMf8Cyjg36pw6Qu1txRvqq6LNq9Psj</p>
|
||
<p>Total in Fees: 1 SOL (plus your liquidity)</p>
|
||
<p>Hope this guide has helped you save some $ when creating your Solana tokens!</p>
|
||
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