How to create a Token.
Issuing your own token on Waves couldn’t be simpler, in the Waves client there is a tab for “Token Creation” where you can give your token a name and description, choose the total token and decimals and then create it.
It costs just 1 Waves to do so and then your token can be traded on the DEX.
Go to the Tokens Creation tab to create an asset
Note: Before creating a new asset, please make sure that you have at least 1 WAVES on your account to pay the fee charged for the asset creation.
You'll see the following window:
Let's describe each boxes:
Name of your asset: First of all, give your token a name. Important to know here is that names are not unique to prevent name squatting but the identifier, also called asset ID, is unique. Whenever you are looking for a token, search and confirm it is the right one by checking the asset ID. However, if our anti-spam system detects duplicate names, it will automatically mark as spam tokens. So, before you start, please read carefully condition for creating new tokens;
Description: Write a description for your token. You are also able to include website links which are particularly useful considering the asset description as of now is unchangeable;
Total tokens: Define the total supply of your token. The total supply can either be fixed at issuance or increased later by making the asset re-issuable;
Reissuable: Re-issuable defines if an asset issuer can increase the token's supply at a later point or not. If set to "Reissuable", the issuer can increase the supply any time. It's also important to know that if re-issuable is set to true at the beginning, it can still be changed to false at a later stage;
Decimals: Set how many decimals your asset shall have. For example, if you set 8 decimals as in Bitcoin, your token can be divided down to 0.00000001. If you set 0, your token can only be transacted in whole pieces (1, 3, 15);
Note: Before creating a new Asset, make sure that you have at least 1 WAVES for asset creation fee.
Note: The name of the created asset can not be shorter than 4 characters.
Check all the fields in the Preview box and if everything is OK, click on the Generate button.
After that recheck everything again and click on the Confirm button and your asset will be created with the next block.
You'll be able to see your newly created token in the Portfolio.
See more articles in the Assets Management chapter.