How much it actually cost to launch a Meme Coin on Solana (2024)

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MemeCoinCreator

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4 min read

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May 9, 2024

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How much it actually cost to launch a Meme Coin on Solana (3)

Many of us have considered launching our own cryptocurrency token, particularly Meme coins, due to its potential for high returns with minimal investment. However, one crucial question remains: what is the minimum investment required?

In this article, We will provide a comprehensive guide on how to launch your own meme coin, including the tools I used to mint and add liquidity. Specifically, I utilized:

Step 1 — Minting the Token

How much it actually cost to launch a Meme Coin on Solana (4)

To create your token, I recommend utilizing Meme Coin Creator, a trusted platform that I have personally used. This tool has been verified by Blowfish.xyz, the leading security audit company for Solana, ensuring a high level of security and reliability. Notably, Meme Coin Creator has facilitated the creation of hundreds of meme coins daily, making it a popular choice for token creation.

What you need

  • Coin Name ( Name of your Token )
  • Coin Symbol (A catchy 3to 5 digit symbol)
  • Image ( Make sure you add a proper 512x512)
  • Total Supply ( 1 Billion is a good number for Meme coin)
  • Decimals ( Usually set it to 9)

Once you initiate the token creation process, you will be prompted to authorize three Web3 signatures.

  1. The first signature is for the Platform Fee, which amounts to 0.5 Solana.
  2. The second signature is for the actual creation of the token.
  3. The third signature is for minting and setting the token’s supply.

Please note that the total cost of creating your token, including the platform fee and network fee, will be approximately 0.56 Solana.

Step 2 — Revoking Mint & Freeze Authority

Revoke the Mint and Freeze Authority to ensure you can add liquidity, which is crucial for your token’s trading. Note that this step is essential, as failing to revoke the authority will prevent you from adding liquidity. This process can be done on the same platform and incurs a fee of approximately 0.1 SOL per action, totaling 0.2 SOL.

Step 3 — Creating Market ID

Openbook market id is a unique ID that matches your token. This unique ID is mandatory for trading on the Raydium.io marketplace, the leading exchange on the Solana network.

To create a Market ID, navigate to raydium.io/create-market, which will direct you to the following screen.

How much it actually cost to launch a Meme Coin on Solana (5)

Follow the step accordingly:

  1. Select your minted token as the Base Token.
  2. Choose Sol as the Quote Token.
  3. Set the proper size and tick size by considering your total token supply. For instance, if your total supply is 1 Billion tokens:

— Set the order size to 100.

— Copy the corresponding tick size.

— Ensure the values align correctly and fill in the Create Market fields.

Note that creating a Market ID incurs a fee of approximately 2.8 Solana in total. This step is crucial for establishing a trading pair and enabling liquidity for your token.

How much it actually cost to launch a Meme Coin on Solana (6)
How much it actually cost to launch a Meme Coin on Solana (7)

Step 4 — Adding Liquidity

This step is crucial: adding liquidity to your token. It’s essential to add a sufficient amount to attract market attention. We recommend adding at least $1000 worth of liquidity, but ideally $2000 or more. This will create a decent trading environment and encourage market participation.

For context, if your token’s value is $0.01, you would need to add:

  • 100,000 tokens (=$1000) as the minimum recommended liquidity
  • 200,000 tokens (=$2000) as the ideal liquidity amount

Keep in mind that Raydium charges a fee of 0.4 Sol for adding liquidity, so factor this into your calculations.

Adding adequate liquidity ensures a smooth trading experience, increases market confidence, and helps prevent liquidity issues. Don’t underestimate the importance of this step!

Step 5 — Burning the Liquidity Pool

As soon as you create your LP, you need to burn your Liquidity pool in order for it to pump. The tool i use is https://sol-incinerator.com/

How much it actually cost to launch a Meme Coin on Solana (8)

Let’s recap the costs incurred during the token creation process:

  • Minting Token: 0.56 Solana (includes platform fee and network fee)
  • Revoking Authority: 0.2 Solana (ensures you can add liquidity)
  • Market ID Creation: 2.8 Solana (establishes a trading pair and enables liquidity)
  • Liquidity Pool on Raydium: 0.4 Solana (initial liquidity addition fee)

Total Fees: Approximately 3.96 Solana (round up to 4 Sol for simplicity)

Minimum Liquidity Requirement: 1200$ (equivalent to 8–10 Sol, depending on the token’s value)

Total Cost with Minimum Liquidity: 12–15 Solana (includes all fees and minimum liquidity)

This breakdown should give you a clear understanding of the costs involved in launching a meme project on Solana. If you need assistance or guidance, feel free to reach out to Meme Coin Creator or visit their website at https://memecoincreator.com for smooth launch.

How much it actually cost to launch a Meme Coin on Solana (2024)

FAQs

How much it actually cost to launch a Meme Coin on Solana? ›

Average Cost Estimates:

How much does it cost to launch a coin on Solana? ›

The cost of creating a token in Solana is practically zero if you know how to program. If you don't, you will have to pay a developer to do it for you and the price for this service is around $100. In addition, you will have to wait for the developer to complete the work.

How much to make meme coin on Solana? ›

To get a successful meme coin, I would recommend adding at least 2000 USD. Your token will be "sniped" at launch. These snipers will get part of your liquidity. Therefore, the more liquidity you add, the less they will affect.

How much money do you need to launch a meme coin? ›

It's essential to budget for ongoing expenses like community management and marketing to maintain and grow interest in your meme coin. Overall, the total cost can range widely, from a few thousand to tens of thousands of dollars, depending on your choices and strategies.

How much does it cost to launch a coin? ›

The average cost of developing a cryptocurrency may range between $38k and $91k. The cost of building a cryptocurrency with medium complexity features may range from $50k to $120k. The cost of building feature-rich coins may range from $121k to $211k.

What is Solana launch price? ›

Solana's Price History

Solana first went public via its initial coin offering (ICO) in April 2020, entering the crypto market at an initial price of $US0. 9511.

How much are Solana fees now? ›

Solana statically prices 5,000 lamports per signature (typically 1 signature per transaction). This means it is an ineffective fee as the base fee does not express any change in demand for blockspace and validator resource usage.

How much is 1 meme coin? ›

15.04 NGN

How to launch meme coin? ›

Here's a general outline of how to launch your own Meme Coin:
  1. Concept And Branding. ...
  2. Development. ...
  3. Token Creation. ...
  4. Smart Contract Auditing. ...
  5. Wallet And Exchange Integration. ...
  6. Marketing And Community Building. ...
  7. Initial Distribution. ...
  8. Liquidity And Market Making.

Can creating a meme coin be profitable? ›

Meme coins can be profitable investments but are as volatile as other cryptocurrencies and may have less liquidity than more popular coins. Meme coins might be more useful to people who are interested in the community of users or the meme itself.

What is the most successful meme coin? ›

Top Meme Coins Today By Market Cap
#Name24H
1Dogecoin ( DOGE )-1.80%
2Shiba Inu ( SHIB )-0.95%
3Pepe ( PEPE )-0.54%
4dogwifhat ( WIF )-2.94%
39 more rows

Which meme coin can reach $1? ›

The top 7 meme coins highlighted in this article—BEFE, PEPE, FLOKI, BONK, dogwifhat (WIF), Shiba Inu (SHIB), and Dogecoin (DOGE)—stand out as the ones to watch in 2024. Each, with its unique proposition and market performance, promises potential for significant gains.

Which meme coin is best for long term investment? ›

Top 5 Meme Coins of 2024
Coin NameMarket CapitalizationPrice
Dogecoin$14.18 billion$0.097
Shiba Inu$7.8 billion$0.00001323
Pepe Coin$2.96 billion$0.057039
Bonk$1.103 billion$0.00001572
1 more row
Sep 6, 2024

How much does it cost to make a Solana meme coin? ›

I'd like to show you an easy way to create a new (meme) token on the Solana blockchain. The whole process takes about 10 minutes. The total cost for the creation is about 1 SOL, plus the initial liquidity (1 SOL is the bare minimum, preferably 2-3 SOL, optimally 10).

How much to launch a token on Solana? ›

Depending on how we have chosen the token creation method and the type of openbook market we have chosen, we will have the following cost table: The total cost of launching a token with its liquidity pool ranges from 0.6 SOL to 3.2 SOL. The rates include 0.5 SOL which are the platform fees.

How much money do you need to launch a cryptocurrency? ›

On average, the cost of developing a cryptocurrency ranges between $30k to $50k. However, the cost of creating a new cryptocurrency can vary significantly based on the complexity of the project and the features required.

How much does it cost to list a coin on Solana? ›

there are many tools out there can help you, one of them is solana-token.net. The token creation of that platform is around 0.07 sol~, and adding your coin for trading is at minimum around 0.25 sol... you can refer to medium.com/@solanatokennet/…

How to launch a coin on Solana? ›

To create and launch your own coin on the Solana network, follow these step-by-step instructions:
  1. Step 1: Visit Solauncher.org.
  2. Step 2: Create Your Token.
  3. Step 3: Create an OpenBook Market ID.
  4. Step 4: Set Up a Raydium Liquidity Pool and add initial Liquidity.
  5. Step 5: Burn Liquidity Pool Tokens.
May 3, 2024

How much liquidity does it take to start a coin? ›

So how much liquidity is enough? You'll want the average trade in the pool to not cause price swings and slippage. If you anticipate the average trade being worth $1000 in “MYTOKEN”, you'll need your pools' “MYTOKEN” supply to be at least 100x that ($100,000) — which would me a 1% price swing per average trade.

How much does it cost to develop a token? ›

Basic ERC20 tokens typically handle basic functions such as money transfer and storage. Simple estimates to create a basic ERC20 token fall between $5,000 and $10,000. These costs include token creation, development, testing, and implementation.

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