How are tokens created?

How are tokens created?

Tokens are created through smart contracts on a blockchain. The process of creating tokens begins with defining the parameters of the token, such as its name, symbol, total supply, minimum quantity, and other specific details.

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Next, the smart contract is written and deployed on a blockchain network, such as Ethereum or Binance Smart Chain. The smart contract contains instructions for the creation, distribution, and management of the token.

Once the smart contract is deployed, the token is created and made available for purchase, sale, or trading on a decentralized exchange (DEX) or centralized exchange (CEX).

In summary, tokens are created through smart contracts on a blockchain and are available for trading on various exchanges.

By Sonica W3 Learning Center

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