How To Create Your Own Ethereum Token with Solidity?

Yes, it is true, you can create own Ethereum token at home with little skills and resources that are easily procurable. Since the ICOs have become a trend in the crypto market, people have been foraging resources to create their own Ethereum tokens. One major reason of it is being easy to mine, Ethereum ecosystem is way easier to handle and renders tokens at a higher productive rate than any other Cryptocurrency. We are going to tell you how you can create your own ERC 20 token with least investment. There are few basic things that you need for creating your own token:

1. Some Ethereum (Ropsten Network)
2. Ethereum Address (Ropsten Network)
3. Solidity Contract
4. Text Editor (Sublime/ Atom)

We will use test environment to create the token, once you’re successful in creating a test token you can then use a real Ethereum. First of all you, you need to create an account in MyEtherWallet (MEW) and we can use the Ropsten Test Network for all test purposes. Let’s get started.

• You need to go to MEW and get setup, then click the right hand side corner, change the network to Ropsten, click on “New Wallet” and then enter a password you can remember. Once the password is set, download or save your keystore file in a safe space and then save your private key in a safe space.
•To finally lock it, go to “View Wallet Info”, then “Private Key” and then enter the saved private key. Unlock your wallet and you’re good to go.

Now that you have created the token, you need to transfer it using a text editor and load it with smart contract. You can use any of the text editors mentioned above and then download the smart contract using Ethereum unicorn rider or Bokkypoobah. Once you open the editor there are more than hundred lines that you need to make changes in.

• Go to the “title” line of the smart contract and change it.
• Enter “Ropsten Ethereum Address” in the address line you created in MEW.
• Change the symbol of your coin name in line 7
• Change the name of your token in line 8
• Now go to line 102 and change the default name into your token name.
• Change the name for line 115
• You need to do same for line 116 and 117
• Go to line 120 and 121, change the address in both of them to what you generated in MEW.

You can leave line 118 and 119 for decimals and total supply. You have to the put the number of tokens that you want to generate followed by the number of decimals that you choose. For instance, if you want to create 100 tokens, you’ll have to enter the total supply as 100000000000000000000.

After all this, you can simply open MEW and go to “Contracts” tab, then press “Deploy Contract”. Access your wallet by entering the “Private Key” and unlock it. Press sign transaction and “Deploy Transaction”. And that all you need to do for creating your own Ethereum tokens.

We hope you that find this information helpful to create your own ERC 20 tokens, for any other information you can also visit coindeveloperindia

Coin Developer India is leading company which provides supports on all cryptocurrency based products and solutions. We expertise in blockchain development, cryptocurrency mining, MLM software development and crypto trading platform development. We have led many successful projects in past and aim to spread this revolution further all across the globe.