Token Tool by Bitbond

Create MRC20 Token on Polygon

Simple, fast and convenient token generator
No smart contract programming required
Get 100% ownership of generated tokens
Set custom token name, symbol and initial supply
Sign and create with your own wallet

Basic settings

Token configuration

Security token configuration

It takes approximately 10 seconds to create the tokens after you confirm. The token will be automatically transferred to the address of the creator/owner after the creation is successful.
You have to Connect Wallet before creating a token

Polygon MRC20 Token Generator FAQ

Polygon is considered a Layer 2 scaling network which aims to create a multi-chain blockchain system compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain. MRC20 tokens are the type of token built on top of the Polygon blockchain. These tokens follow a smart contract standard such as MRC20 or MRC721, allowing them to be easily created, managed, and stored in most Polygon compatible wallets.

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 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 blockchain to successfully issue your digital asset.

The short answer is yes! If you don’t have any coding or technical knowledge, then using a token generator such as Token Tool is the perfect solution. It provides a user-friendly interface and pre-built templates that guide you through the token creation process. Token Tool eliminates the need for coding expertise, allowing individuals with limited technical background to create their own MRC20 tokens quickly and easily. You can even try it for free on the Mumbai testnet using “faucet” MATIC.
Using an MRC20 token generator has various benefits for users looking to create and deploy tokens without coding their own smart contracts. The token creation and deployment process is automated and drastically simplified. Token generators also provide customizable options, allowing you to tailor your token features based on your needs and requirements. Token Tool enables you to easily, compliantly, and cost-effectively leverage audited, bank-grade smart contracts, with a proven track record. Simply connect, configure, and create!
Did you create a token using our token maker? Congratulations, you did great! You may need to add a logo to your token or update the token information on the block explorer. This process is usually similar across different networks and is carried out directly via the block explorer’s support, independently of Token Tool. You have to submit a form via the block explorer by providing additional information about your token. Once their support approves it, you will receive access to update token information accordingly.
Yes, you can set a limit on the total supply of your MRC20 token. During the token creation process, you can specify the initial supply for your token. This allows you to control the total number of tokens that will ever be in circulation, providing scarcity and value to your token economy. For this limit to be immutable, make sure to not enable the features “Can burn” and “Can mint” upon creation. These features would allow you to change the token supply after token creation.
You can easily track your MRC20 token’s total supply by simply pasting the contract address of your token in the search bar of the Polygonscan block explorer. Additionally, you can also find information related to your token under the Manage Token function after selecting the respective token from the drop down menu or simply pasting the contract address of your token in the designated field.
Yes, you can use your MRC20 token in decentralized finance (DeFi) applications. MRC20 tokens are widely supported in the DeFi ecosystem and can be utilized for various purposes, including lending, borrowing, liquidity provision, and yield farming. By integrating your MRC20 token into DeFi protocols, you can unlock opportunities for your token holders to participate in decentralized financial activities.

Some properties such as the token name, symbol, and decimals can’t be modified after the token creation and successful deployment to the Polygon 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.

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.
© Bitbond 2023 | | Imprint | Terms & Conditions | Crypto Affiliate Program