To do that for a particular token, run: spl-token authorize mint --disable. To create a token using Solana, you need the following on your machine: Run solana -version to confirm that you have installed it. Aside from meeting the requirement, we went ahead and created our token, before creating an account (wallet), within which we stored the token. Ideally, there should not be an unlimited supply of anything that has value. Minting crypto is the process of generating new coins by authenticating data, creating new blocks, and recording the information onto the blockchain through a proof of stake protocol. We need to install rust language, you can google more about rust but for now, rust is a language that Solana uses to deploy tokens. In this step by step tutorial we are going to use the The Solana Program Library (SPL) to create our very own Solana token. Chingu Weekly Vol. Check out the Solana Tech community on Discord - hang out with 102,900 other members and enjoy free voice and text chat. Solana is neglecting the ecosystem. Lets start with the logo first. Let's do transfer some tokens from the account which we have created in CLI to our phantom wallet. What I do now? Now, create a new repository on GitHub. We can create as many tokens as we like and create separate accounts for them. Before we proceed further, we should set our environment to Development: solana config set --url https://api.devnet.solana.com. Before moving on to our main topic, I would like to discuss some important points and some pre-requisites that we need on our machine before proceeding. You can execute the solana balance command for checking your balance as we are doing all the operations on mainnet so it will definitely charge you some SOL token for creating our token, but trust me it's too less. You might be familiar with these terms as a developer. Take care of the size as well, mine was less than 10KB so make sure your logo should be small as well. Awesome!! Just as you can have multiple wallets physically, you can also apply the same principle to blockchains. Click on the fork and it will be forked into your GitHub account. Execute the following command. I will burn 200,000 tokens out of my 1,000,000 tokens (the total supply). We are good till here, Lets start the main operation Now. Create a new directory for your token, it needs to have the exact same name as the token address. To check our Solana cluster environment, run: solana config get. Just like money, there should be some sort of scarcity in the crypto/blockchain world, this is known as total supply. Then once you have sent the SOL, you can check the balance of your wallet again: The output of the command will be the balance of your wallet, which should be greater than 0 as you have sent some SOL to your wallet. Finally, commit your changes and push them to your fork and then submit a pull request to the Solana Token List repository. We just created a token, we can see the output like: Please save the TOKEN_ADDRESS in a safe place. It should give all the necessary information needed to run a transfer. Install SPL (Solana Program Library) CLI. Please check and approve the PR to change the logo of the project "Space Hamster ", npm prompted me to update to 0.2.7, which does not appear to exist, Token Name and Logo not showing in wallet, Need to update my token to reflect identifier changes, Add social links and website to solana token list for Solisium token. Is there a way? Transferring between wallets is as simple as what we do regularly with bank accounts; we can transfer from one account to another account. Limiting total supply simply means that you want to prevent more tokens from being minted. Now it's time to install Solana Token Program, this will be a CLI tool that we can use to install a token on the Solana Blockchain. --fund-recipient will tell Solana CLI that you want to fund the creation of an account for the wallet you are sending to. The spl-token-cli is a command line interface to the SPL program. The output of the command will be a new wallet file, which you can use to send and receive SOL. This is a tutorial that centers on creating a token with the Solana network and I hope you found it useful. . That means the account which you have created in the phantom or any Solana account that you will create in the future, will not by default have an account for your token.--allow-unfunded-recipient simply means that the wallet does not have an account for our token. Another reason to create your token is for learning. 84ANOTHER 75+ REMOTE DEV TEAMS HAVE BEEN LAUNCHED!! PATH="/home/localhost/.local/share/solana/install/active_release/bin:$PATH". The steps from this tutorial can be used with the Guild.so project which is a project built for the Solana Riptide Hackathon . Just as we store money in our bank accounts, we can have different cryptocurrency in different accounts. Copy it and keep it saved. I have used version 1.9.3 thats why I have copied my link here :) but we can change the version we desire.After successful execution of this command we will see the output like this: Please check your PATH environment. Open source crusader. This is a personal choice, but you could set a limit on the amount of tokens that can be minted with the following command: Your token has now been created and you can see it in the Solana Blockchain Explorer: However the next step is to add your token to the Solana Token Program! I need to delete my Loxus token from the list. To create a new token, run the following command: The output of the command will be a new token address: The string after the Creating token is your new token. we will need it in further steps. You can always check your balance by running: spl-token balance . URL will start with raw.githubusercontent.com Copy this URL and save it in a safe place. You can check your PR status after 30 mins or 60 mins. This command will mint the particular tokens that we have passed as a first argument (TOKEN_ADDRESS) with the supply of (TOKEN_AMOUNT) and will be held by (ACCOUNT_ADDRESS). Make sure we need to replace everything with your details, please be very careful here. To get one Solana, you can airdrop (like so: solana airdrop 1) from your terminal. Let me give you a brief here. If we wait for 24 hours, then we will be able to see our token with logo and symbol in the phantom wallet as well, we can search with the token symbol in the phantom wallet as well. In addition to this basic function of storing the keys, a cryptocurrency wallet more often also offers the functionality of encrypting and/or signing information. Make sure to note down the token address and the signature as you will need them later on. I have used Binance for that, I have USDT in my wallet so I just swapped USDT/SOL and then withdraw that SOL to my newly created account. The output of the command will be the new account address: Make sure to also note down the account address and the signature as you will need them later on. Run spl-token create-token. Open Source Project, Repository, Issue Analytics, Auto merge fail on error validating schema: chainId: conflicting values 103 and 0 in pull request Add REALZ token #29912, Auto Merge Fail please check pull request #29924, Plz rename token name(FOXIE TOKEN -> FOXIE). Blockchain technology has changed a lot. To check the balance of your wallet, run the following command: The output of the command will be the balance of your wallet, which should be 0 as you have not sent any transactions yet. The reason for this is embedded in economics. This confirms that the environment is in development. If we see our PR status is converted to close PR then lets go to. Sit back for a while and celebrate the great job you just did . We can see that we have made 2 changes now its time to commit those changes so commit those changes with a nice commit message like: Now we just have to wait for bots to merge our request, once they are able to merge it successfully then our PR would be converted into close PR. Without getting too into the weeds, the basic idea of money/asset is a result of the fact that people agree that something has value. LibHunt tracks mentions of software libraries on relevant social networks. Can We Recover Token From Rugged Project? Upload your logo.png file on the repository which you created in the previous step. Add CoinGecko Id, Update token - someone labelled us a scam, Token name, description, URLs update and logo change, [MANUAL REVIEW] Add coingeckoId to ChikinCoin, Updating token 1SP logo url and add social network, Repo needs manual merging for updating info. This is a serious problem. This is often described as destroying tokens. Minting is basically the process of creating new tokens. I minted 1,000,000 tokens for this. Now we have our wallet with some SOLs in our wallet. When anything has too much surplus, the value tends to drop. Instead of guessing why problems happen, you can aggregate and report on key frontend performance metrics, replay user sessions along with application state, log network requests, and automatically surface all errors. I updated the name and logo of the token, the issue on the github is open to 5 days without response. Why would you want to create your own token? Lets jump in! The next command will use some of your SOL to create a new token. Now we have to fill our wallet with some SOL tokens, for doing that we can take help of any exchange, I have already performed this step and I am not going to include that portion in this story as it will make this story very long to read, but nowadays we all know how to take tokens from the exchange. We really need to take care of the above three points as we are trying to modify the existing registry file and add our token details so please be very careful. I carefully checked, and could not find any mistake. To create an account to store our token, run: spl-token create-account . Powered by Discourse, best viewed with JavaScript enabled, How much time is needed to be accepted by solana ecosystem, GitHub - solana-labs/token-list: The community maintained Solana token registry. Next we will create an account that will hold the token. To create a token, we are going to use the SPL tool that we previously installed. But I will also explain that as well before that celebrate for a while . It's time to do some action Here, I am assuming that you are already familiar with the basic GitHub commands. For this, you will need a new Solana wallet and for that, you can install a Phantom chrome extension. Note that I can mint more tokens to the just minted tokens in the account by running spl-token mint again. You can see the output like: Please save the ACCOUNT_ADDRESS in a safe place. Need direction: Need to update either the number of decimals for a token OR need to update the token address. Ill come back with some great stories so that you guys can read and can perform practically. the list of projects on the Solana ecosystem page on the solana.com website, my friend. LogRocket is like a DVR for web and mobile apps, recording everything that happens in your web app or site. We need to change the address, symbol, name, and logoURI. I know you feeling bad while seeing that Unknown Token type of thing. Solana operates in two environments: the main environment and the development environment. Tell your friends, colleagues, to share their addresses and do the transfers check those transactions on the Solana explorer as well. Manually merge PR#24239 - Add coingeckoId to Cryowar, Manuall update for social medi links PR => #24226, Need to change name from S3X to Explicit Coin, Update extensions and decimals for my token, Manual review required due to updating token name, Updating tags and new extensions for Destiny Token, Auto merge failed error validating schema: chainId: conflicting values 103 and 0, Swapping Symbol and Name of our two tokens, Auto merge error with website. (Note: Remember this is not a real Solana, since we are in a development environment). Based on that data, you can find the most popular open-source packages, This is typically done by transferring the tokens in question to a burn address a wallet address from which they cannot ever be retrieved.