How to Make a New Token to Listing

To create a new listing token on a blockchain, it passes through certain steps and it depends on the blockchain you would want to use whether Ethereum, Binance Smart Chain, or any other. Here, I will describe a general procedure based on Ethereum because it is relatively more reliable and has a great extensive developer community. As a matter of disclosure, this guide presupposes that you have a reasonable level of familiarity with blockchain and coding.

• Choose Your Blockchain Platform

First, you have to screen the certain blockchain platform where you will be deploying your solution. Mainly, it is selected because of the stable and developed ecosystem and the possibility of implementing smart-contracts.

• Decide on Token Standards
  People can build tokens on Ethereum which can conform to multiple token standards. The four types are; ERC-721 for non-fungible tokens, ERC-20 for utility tokens and more. If you was minting a non-fungible token (NFT), you would use ERC-721 or ERC-1155 standard.

• Write the Smart Contract
  Thus, in this case, you will need to write a smart contract via one of the most popular languages for this purpose, such as the Solidity language used for Ethereum. The supply of your tokens will be set in the smart contract along with the name, symbol and decimals.

• With all the specified changes now in the inventory, the program is ready to compile and test the smart contract. Smart contracts can be written once but they have to be deployed to the blockchain forever so your should be very careful when developing or writing one, it is good to compile and test your smart contract way before it is deployed. For this purpose it is best to use tools like Truffle, Hardhat or Remix.

• Deploy the Smart Contract
  The smart contract should be deployed to the Ethereum main network or a test network such as Ropsten or Rinkeby through a wallet such a MetaMask or by using a service like Infura.

• Verify the Contract
  Only then can you check the code of the contract in an explorer, for example Etherscan. This makes it publicly available and does help gain the trust of users when it comes to the content.

• List Your Token
  If you qualify to fulfill their requirements make your token available on a DEX such as UniSwap or a CEX such as Binance.

• Marketing and Community Building
  Market your token and get people interested in it. This could entail development of a web site a presence on social media and communicating with potential users.

• Legal Compliance
  Make sure your token does not violate any legal requirement especially if your token is being sold in an ICO or any other fundraising instrument. Seek legal advice to unravel legal issues of securities laws and provisions and tax laws.
  Conclusion

The process of making a new listing token entails technical know-how as well as legal knowledge, more so in engaging the community. It is a sensitive process whereby certain aspects have to be well coordinated and arranged. It is also recommended to update oneself about the future of the use of blockchain and its legal requirements.