Solana Token Creation Tutorial

Solana has been gaining popularity recently, and many users want to try to issue their own tokens on the Solana chain. However, issuing tokens requires understanding the relevant code logic, which is a high threshold. GTokenTool implements a visual operation page, which allows users to easily create and manage tokens on Solana. This article will introduce in detail how to create your own Solana token issuance process on GTokenTool in 1 minute.

Preparations for Solana’s Token Issuance
Prepare equipment, a computer or mobile phone
Install the Phantom wallet plug-in and follow the installation tutorial (Phantom Wallet Installation Tutorial)
Prepare at least 0.13 SOL in your wallet
Coin issuance logo and related information
When issuing Solana coins on mobile phones, use Phantom wallet or OUYi web3 wallet. Do not use TP wallet, as TP cannot transmit logos.
Solana coin issuance tutorial steps

1. Connect to Phantom Wallet
   Open the Solana token creation link address: https://sol.gtokentool.com/en/Token/createToken. Switch the upper right corner to English, click to Connect Wallet, and select your node. Here is a demonstration using the test network.

After clicking “Select Wallet”, the wallet selection page will pop up. Click Phantom Wallet to connect the wallet. You need to have 0.03 SOL in the wallet for payment.

After connecting, you can see the wallet address displayed in the upper right corner

1. Fill in the Solana coin issuance related information and upload the LOGO file
   After completing the wallet connection, first select the coin issuance mode, and then fill in the Solana coin issuance information, as follows:

Name: The name of the token (such as G Token), which supports English, Chinese, and a mixture of Chinese and English, with a maximum of 32 characters.

Symbol: The abbreviation of the coin (such as G T), which supports English, Chinese, and a mixture of Chinese and English, with a maximum of 10 characters.

Decimals: The number of digits of precision for coin issuance. The default value is 9. The precision is related to the maximum total supply you can fill in.

Supply: The total supply of issued coins. When the precision is 9, the total supply cannot exceed 10 billion; when the precision is 8, the total supply cannot exceed 100 billion, and so on.

Logo: Solana’s coin avatar, which can be displayed in the wallet as a logo token image (The maximum size of the uploaded image is no more than 2M)

1. Add optional content
   If you want to add contact information, etc., you can click the Optional Content button to expand the Optional Content module

Official website: Official website link address

Telegram: Telegram link address

Twitter: Twitter link address

Discord: Discord link address

Description: Fill in your token description

Tags: Add up to 5 tags. Enter them and click the “Add” button to add tags. You can also delete any tags you think are inappropriate.

1. Setting Advanced Options (Optional)
   Vanity Contract: If you want to customize the token contract, use the vanity contract to create the token.

Revoke Update: Revoking update authority means you will not be able to modify the token metadata. It indeed makes investors feel more secure.

Revoke Freeze: Revoking freeze authority removes control over specific account actions. GTokenTool supports markets for tokens with this authority retained.

Revoke Mint: Revoking minting authority is essential for investor security and token success, preventing further token supply.

Use jito: When the network node is stuck, you can use jito, which can greatly improve the success rate of coin issuance.

1. Click “Confirm” to create Solana token
   After confirming the information, click the “Confirm” button, and then the wallet prompt will pop up. Click “Confirm” to pay the fee to complete the creation.

1. View Solana’s coin issuance information
   After the creation is successful, a prompt box will pop up to prompt the creation is successful and display your coin issuance address

After closing the prompt box, you can go to the Management to check the SPL-Token List, where you can further manage the token you created.

Or go to the SOL blockchain browser (https://solscan.io) to view the coin issuance information

At this point, the Solana coin issuance process has been basically created. Everyone can create a pool according to their needs and then trade.

Solana Token Issuance FAQ

1. Does Solana’s coin issuance require open source contracts?
   A: No. The tokens on Solana are accounts created through officially released contracts, and all SPL tokens use the same contract.

2. Why does the wallet display unknown tokens/no logo after the token is issued?
   A: Phantom wallet sometimes has information delays, and it takes a while to display information such as logo and token name. You can search for token information on the Solana browser to view it.

3. Under what circumstances are permissions discarded?
   A: If you need to add tokens to Raydium, you need to give up the freezing and minting permissions. You can choose to discard the metadata modification permissions. After discarding, the metadata information cannot be modified.

4. Is there any charge for uploading a logo?
   A: No, the platform uses the IPFS storage solution and uploading is free.

5. If you find that the token logo is missing, it may be because the token does not meet the requirements.
   To let users see the logo, the token must be listed on coingecko or Birdeye.so

Phantom Wallet prioritizes efficiency and resource management, so not all tokens will display their logo, especially if the token is new, has a low TVL, or has a low capitalization.

1. What is the token symbol?
   The token symbol is a short identifier for the token, usually consisting of a few capital letters, such as SOL or USDC.

2. What is the token accuracy and how to fill it out?
   Token precision defines how small the token can be divided into. The maximum precision of SPL tokens is 9, common precision settings are 6 (utility tokens) and 9 (high-precision applications), and 0 precision is usually used for NFTs.

3. Why should we revoke update authority?
   Revoke update authority means that once set, the basic properties of the token (such as name, symbol, image, etc.) cannot be changed. This is often used to enhance the transparency and trust of the project, showing the project’s commitment to the token and its future plans.

4. What is the revoke freeze authority?
   Revoke freeze authority means that the creator cannot freeze or unfreeze the tokens at will, which enhances the decentralization of the token network and users’ trust in the tokens.

5. What does it mean to revoke mint authority?
   Revoke mint authority means that once the token issuance is completed, no new tokens can be issued. This is usually used to limit the supply, prevent inflation, and ensure the scarcity and value of the token.

6. How do I keep the tokens I created safe?
   The token creation tool provided by GTokenTool follows the standard security practices of the Solana network. Keeping your private keys safe and avoiding sharing them with untrusted third parties is key to protecting the security of your tokens.

7. How long does it take to create a token on GTokenTool?
   The creation process itself is typically quick and only takes a few minutes. Once you have submitted all required information and paid the associated fees, the token will be live on the Solana network almost instantly.

8. Can more Solana SPL tokens be issued?
   Yes, but you need to retain the right to issue additional tokens when creating the token. If you choose to give up this right, you will not be able to issue additional tokens in the future.

If you have any questions or are unclear, please join the official Telegram group: https://t.me/GToken_EN