Creating your own digital tokens on major blockchain networks like Binance Smart Chain (BSC), Huobi Eco Chain (HECO), and Ethereum (ETH) has become more accessible than ever. Bitpie Wallet's built-in Token Factory feature allows users to deploy standard BEP-20, HRC-20, and ERC-20 tokens with ease. This guide provides a clear, step-by-step walkthrough to help you navigate the entire process.
Prerequisites for Token Creation
Before you begin the token creation process, ensure you meet the following requirements.
- Your Bitpie app must be updated to version 5.0.026 or later.
- You must have a sufficient balance in your wallet address to cover the required service fee for creating a formal token.
- Ensure you have a small amount of the native coin (e.g., BNB for BSC, HT for HECO, ETH for Ethereum) to pay for transaction gas fees.
How to Create a Formal Token (BEP-20, HRC-20, ERC-20)
The formal token creation process is designed for launching official tokens on your chosen blockchain. Follow these steps carefully.
- Access the Token Factory: From your Bitpie wallet homepage, first switch your wallet system to either ETH, BSC, or HECO. Then, locate and select the "Token Factory" option and choose "Formal."
Define Token Parameters: You will be prompted to input the specific details for your new token:
- Total Supply: The total number of tokens that will be created.
- Token Name: The full name of your token (can include uppercase letters, lowercase letters, and spaces).
- Decimal Units: The number of decimals your token will use for divisibility (e.g., 18).
- Symbol: The ticker symbol for your token (typically in uppercase letters).
- Icon: Upload an image to serve as your token's icon.
- Confirm and Create: Double-check all the entered information for accuracy. Once confirmed, proceed with the creation. The service fee will be deducted from your wallet balance.
- Receive Your Tokens: After the blockchain transaction is confirmed, the entire supply of your newly created token will be sent to your wallet address. You can then view it in your asset list.
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Understanding the Test Token Factory
Bitpie offers a Test Token Factory feature, which is an excellent way to familiarize yourself with the token creation process before committing real funds.
- Creating a test token is free of service charges; you only need to pay a minimal network gas fee.
- All test tokens will automatically have a "TEST-" prefix added to their name to distinguish them from formal tokens.
- This sandboxed environment allows you to experiment with parameters and understand the flow without any financial risk.
The process for creating a test token is identical to the formal process outlined above, except you select the "Test" option within the Token Factory menu.
Adding Liquidity for Your New Token
Creating a token is just the first step. To enable trading, you must provide liquidity on a Decentralized Exchange (DEX). This example uses the HECO chain and MDEX.
- Copy the Contract Address: From your Bitpie homepage, find your newly created token (e.g., PURE) in your asset list. Click on it and copy its unique contract address.
- Navigate to the DEX: Go to the "Discover" section within Bitpie. Select HECO and then choose MDEX. Inside MDEX, find and select "Liquidity" and then "Create Liquidity."
- Add Liquidity Pair: You will typically add liquidity for a pair, like YOURTOKEN/HTO. Select "Token," paste your token's contract address, and then define the exchange rate by specifying how much of your token equals one HT (or the other paired asset). You will need to approve the transaction first.
- Test the Liquidity: Once liquidity is added, test the functionality by attempting a small swap on the exchange. If you can successfully exchange your token for another, the process is complete.
Frequently Asked Questions
What is the difference between a formal token and a test token?
A formal token is a real, live asset on the blockchain that can be traded and has monetary value, requiring a service fee to create. A test token is for practice and learning; it is free to create but is prefixed with "TEST-" and holds no real value.
Can I change my token's parameters after creation?
No, key parameters like total supply, name, and symbol are immutable once the token contract is deployed on the blockchain. It is crucial to verify all details thoroughly before confirming the creation transaction.
Why do I need to add liquidity after creating a token?
Creating a token only deploys the smart contract. Adding liquidity to a DEX creates a trading pair, allowing other people to buy and sell your token, which establishes its market price and enables functionality.
What happens if I don't have enough for the gas fee?
The transaction will fail and will not be processed by the blockchain network. You must always have a balance of the native chain's coin (BNB, HT, ETH) to pay for gas, separate from the Token Factory service fee.
Is my token safe after creation?
The security of your token's contract is based on the standardized, audited code used by Bitpie's Token Factory. However, the overall project's safety also depends on your actions, such as securing your wallet's private keys.
Can I create a token on any other chains besides BSC, HECO, and ETH?
The availability of chains depends on the Bitpie Wallet's integrated supported. Currently, the Token Factory focuses on these major EVM-compatible networks. Always check the latest app version for new additions.