I’m confused why would I need to build my own token?
I'm asking myself the same question, 
Topic: How to create own Solana token in 5 minutes (Read 78 times)
Creating your token is akin to funding your project. For example, if you create a game that runs on Solana, how do you generate profit to keep the server running? You can encourage people to buy items within the game, but this can be very challenging for a small indie team. So, consider creating a new token where you can hold around 70-80% of the tokens and distribute the rest through airdrops. When people enjoy your game, they will be more likely to purchase your token. This provides you with a means to control your economy and further develop the project. Of course, they can do it on Solana in many ways, but having one thing you have full control over is better. And the dark side is many scam teams use this way to rug-pull projects, getting all the money from investors.
I’m confused why would I need to build my own token?
What advantages will it give me? Is it truly necessary when I can just buy a solana coin from the market? Having to connect my solana wallet and it being the first step of the process is already suspicious to me. It does just not seem too safe, overall.
I'm asking myself the same question, what is the need to create my own Solana, token? Which relevance and utility will it add to me? If it's for the sake of having my own token, them I'll just pass. And as you've noted, connecting a Solana, wallet seems suspicious, we just have to be very careful because of the many scams and hacks in the crypto space. Anyway I personally don't see the need for it, and Solana, should regulate how easily people can create tokens on their network. What advantages will it give me? Is it truly necessary when I can just buy a solana coin from the market? Having to connect my solana wallet and it being the first step of the process is already suspicious to me. It does just not seem too safe, overall.
The ease and low cost of creating new tokens on the Solana network gives fraudsters more freedom to carry out their actions.
Instead of making a good token, it will only cause losses to the investors.
Let's take a look at the trash tokens that will be created on the Solana network. This will also affect the level of investor confidence in Solana itself, because many fraudsters are successful using Solana.
Instead of making a good token, it will only cause losses to the investors.
Let's take a look at the trash tokens that will be created on the Solana network. This will also affect the level of investor confidence in Solana itself, because many fraudsters are successful using Solana.
I’m confused why would I need to build my own token?
What advantages will it give me? Is it truly necessary when I can just buy a solana coin from the market? Having to connect my solana wallet and it being the first step of the process is already suspicious to me. It does just not seem too safe, overall.
What advantages will it give me? Is it truly necessary when I can just buy a solana coin from the market? Having to connect my solana wallet and it being the first step of the process is already suspicious to me. It does just not seem too safe, overall.
Explains why Solana has become a favorite blockchain for all colors of tokens, LOL. It's so cheap for scammers to create their tokens, deploy and perform rug pulls. It's unfortunate.
Solana Token Creator Solanacreator.app
The perfect tool to create Solana SPL tokens.
Simple, user friendly, and fast.
Create Solana Token
Effortlessly create your Solana SPL Token with our 7+1 step process – no coding required.
Customize your Solana Token exactly the way you envision it. Less than 5 minutes, at an affordable cost.
How to use Solana Token Creator
1. Connect your Solana wallet.
2. Specify the desired name for your Token
3. Indicate the symbol (max 8 characters).
4. Select the decimals quantity (0 for Whitelist Token, 5 for utility Token, 9 for meme token).
5. Provide a brief description for your SPL Token.
6. Upload the image for your token (PNG).
7. Determine the Supply of your Token.
8. Click on create, accept the transaction and wait until your tokens ready.
The cost of Token creation is 0.2 SOL, covering all fees for SPL Token Creation.
Once the creation process starts, it will only take a few seconds! Once complete, you will receive the total supply of the token in your wallet.
Using your wallet, you can manage your token create additional supply or freeze it as needed. Experience the simplicity and affordability of Solana Token creation with our user-friendly platform.
Create your own Solana Token - solanacreator.app
The perfect tool to create Solana SPL tokens.
Simple, user friendly, and fast.
Create Solana Token
Effortlessly create your Solana SPL Token with our 7+1 step process – no coding required.
Customize your Solana Token exactly the way you envision it. Less than 5 minutes, at an affordable cost.
How to use Solana Token Creator
1. Connect your Solana wallet.
2. Specify the desired name for your Token
3. Indicate the symbol (max 8 characters).
4. Select the decimals quantity (0 for Whitelist Token, 5 for utility Token, 9 for meme token).
5. Provide a brief description for your SPL Token.
6. Upload the image for your token (PNG).
7. Determine the Supply of your Token.
8. Click on create, accept the transaction and wait until your tokens ready.
The cost of Token creation is 0.2 SOL, covering all fees for SPL Token Creation.
Once the creation process starts, it will only take a few seconds! Once complete, you will receive the total supply of the token in your wallet.
Using your wallet, you can manage your token create additional supply or freeze it as needed. Experience the simplicity and affordability of Solana Token creation with our user-friendly platform.
Create your own Solana Token - solanacreator.app
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