Create MRC20 Token on Polygon PoS
Polygon PoS MRC20 token generator FAQ
What is the Polygon PoS blockchain and what are MRC20 tokens?
How do I create an MRC20 token with a token maker?
Creating MRC20 tokens usually requires smart contract programming, as well as a web3 wallet such as Metamask, and sufficient funds to cover for the token creation fees. Using a token maker makes the process of generating MRC20 tokens much easier and faster. Simply connect to the Polygon PoS network in your wallet and on the token maker to start issuing tokens on that blockchain.
Bitbond Token Tool is a token maker 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 Polygon PoS blockchain to successfully issue your digital asset.
Can I create an MRC20 token without any smart contract coding knowledge?
What are the benefits of using an MRC20 token generator?
How do I add a logo to my token?
Can I set a limit on the total supply of my MRC20 token?
How do I track the total supply and circulation of my MRC20 token?
Can I use my MRC20 token in decentralized finance (DeFi) applications?
Is it possible to change the properties of my MRC20 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 Polygon PoS 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 MRC20 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 MRC20 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.