Create ARC20 Token on Avalanche
Avalanche ARC20 token generator FAQ
What is the Avalanche blockchain and what are ARC20 tokens?
Avalanche is a blockchain platform designed to provide high-speed, low-cost, and scalable solutions for decentralized applications (dApps) and financial systems. It aims to address the limitations of existing blockchain networks by utilizing a unique consensus protocol called Avalanche consensus.
On the other hand, ARC20 tokens are a certain type of token built on top of the Avalanche blockchain. These tokens follow a smart contract standard such as ARC20 or ARC721, allowing them to be easily created, managed, and stored in most wallets that support the Avalanche network.
How do I create an ARC20 token with a token maker?
To create ARC20 tokens simply connect, configure, and create. Usually requires smart contract programming, as well as a web3 wallet such as Metamask, and sufficient funds to cover for the token creation fees. However, using a token maker streamlines the process of generating ARC20 tokens. Simply connect to the Avalanche network in your wallet and on the token maker to start issuing tokens on that blockchain.
Bitbond Token Tool is a token generator that enables effortless token creation, by simply defining various parameters: name, symbol, total supply, and other customizable features. It’s as easy as filling in a form, then the token maker generates the smart contract code for you. The smart contract gets automatically deployed onto the Avalanche blockchain to successfully issue your digital asset. All in just a few clicks.
Can I create an ARC20 token without any smart contract coding knowledge?
What are the benefits of using an ARC20 token generator?
How do I add a logo to my ARC20 token?
Can I set a limit on the total supply of my ARC20 token?
How do I track the total supply and circulation of my ARC20 token?
Can I use my ARC20 token in decentralized finance (DeFi) applications?
Is it possible to change the properties of my ARC20 token after it has been created?
Some properties such as the token name, symbol, and decimals can’t be modified after the token creation and successful deployment to the Avalanche network. Depending on the additional features you enable upon creation, it may be possible to carry out modifications under the Manage Token function after creation.
For example: If you enable “Can burn” upon creation of the token, then once you create the ARC20 token and deploy it to the network, you would be able to return to the Manage Token page and decrease the total supply after the initial creation. The asset documentation entry can also be altered after token creation, if this feature is enabled.
How do I add tax and deflation on my token?
To add tax and deflation to your ARC20 token, you must enable “Charge transaction tax / fee” and/or “Burn fee for deflationary token” respectively. You can then configure the parameters to fit your needs.
For example: for the tax feature you can configure the token to deduct a 1% fee each time the token is transacted with on the network. You will need to choose a recipient wallet address to which the transaction fee should be automatically credited.