Creating and listing a Solana token on Exchange can be done using tools like Solauncher and Raydium. With these online web tools you can easily launch your token and start trading it on decentralized exchanges quickly. This guide will show you how to create your token and set up a liquidity pool on Raydium.
To get started, head over to SPL Token Creation Page. Ensure you’re connected to the Solana network with a compatible wallet, such as Phantom. This site will be your primary tool for creating and managing your new token.
Once on the SPL token creation page, fill out the required details for your new token:
- Token Name: Give your token a memorable name.
- Token Symbol: Choose a short, unique ticker symbol for your token.
- Token Logo: Upload an image that represents your token.
For additional customization, you can enable metadata extensions to include your token’s website and social media URLs. After entering all necessary information, click “Upload Metadata”. Once the metadata is successfully uploaded, specify your token’s decimal places and total supply.
Before finalizing, revoke the freeze, mint, and metadata update authorities by clicking the corresponding buttons. This ensures your token cannot be arbitrarily modified after creation. Finally, click “Create SPL Token” and sign the transaction in your wallet. Your token address will be displayed upon confirmation.
Next, you’ll need to create a market for your token on Solauncher. Navigate to the OpenBook Market Creation Page and input your token’s address into the “Base Mint” field. This will automatically generate appropriate settings for your token, such as minimum order size and price tick.
Select “Only Raydium” if you prefer to list exclusively on Raydium, or “OpenBook + Raydium” for broader exposure. Click “Preview” to review your settings, then create a vault by paying a small fee (0.1 SOL). Complete the market creation by clicking “Create Market” and save the Market ID provided.
With your Market ID in hand, go to the Raydium Liquidity Pool Creation Page. Enter your Market ID and confirm. Specify the amount of tokens you wish to pair with SOL (typically 4 SOL or more), set the start time, and create the pool by clicking “Create Pool” and confirming the transaction.
Burning LP tokens is a common practice to build community trust and ensure fair trading. To burn your LP tokens, visit the LP Token Burn Page. Paste your Pool ID or Market ID, confirm to load it, and use the slider to select the amount of LP tokens to burn. Click “Burn LP” and sign the transaction. You can verify the burn by checking the transaction ID on Solscan.io.
By following these steps, you can successfully create a token, market ID, and provide liquidity for your new Solana token on decentralized exchanges like Raydium.io. This process democratizes token creation and trading, empowering anyone to participate in the dynamic space of DeFi. Happy trading!
