HOW TO CREATE ERC20 ETHEREUM TOKEN? [WITHOUT CODE] (2024)

If you want to create an ERC20 Ethereum Token this post is made for you. We are going to teach you Step by Step to create this ERC20 Ethereum Token in ONLY 1 MINUTE and without programming ANY CODE. Plus, for only a few dollars (USD).

We will start directly with the step by step, but not before reviewing the key points that you should know before starting to create your own ERC20 Ethereum Token.

WHAT IS ERC20 ETHEREUMTOKEN?

Before creating a Token in Ethereum we must be clear about the ERC20 Token concept. “ERC20” is the acronym for “ Ethereum Request for Comment 20 “, which tells us about the Ethereum Network Standard and how the functions of a Smart Contract can be implemented.

Basically, an ERC20 Token is a type of fungible token created on the Ethereum network or other EVM (Ethereum Virtual Machine) Blockchains. It is the most well-known and widely used type of token. However, there are others such as ERC-223 and ERC-721 (used mostly for NFTs ).

In summary: If we talk about ERC20 Token we are talking about an Ethereum Network Token.

CREATE TOKEN ERC20 ETHEREUM STEP BYSTEP

Let’s go directly to the Step by Step on how to Create an ERC20 Ethereum Token Without Code or Programming. For this we are going to use our Smithii Tool called Ethereum Token Creator, this is a tool that will create our fully customized ERC20 Ethereum Token with the information that we indicate in Just 1 Minute for 0.001 ETH.

There are other similar tools but, in all cases, they are more expensive and slower.

1. You must first access Ethereum Token Creator (https://tools.smithii.io/token-creator/ethereum).
2. Connect your Ethereum Wallet to use the Token Creator.
3. Type the name of your token.
4. Indicate the symbol of your ERC20 Token (maximum 4 letters).
5. Select the number of decimal places (most created tokens use 18).
6. Enter a description you want for your token.
7. Upload the image for your token (must be in PNG format).
8. Select the supply of your token.
9. Choose if you want your ERC20 Ethereum Token to be “ Mintable ” ( more Tokens can be Created ).
10. Choose if you want your ERC20 Ethereum Token to be “Burnable” (that can Burn Token and Reduce Supply ).
11. Choose if you want your ERC2O Ethereum Token to be “Pausable” (that its Activity can be Paused, that is: You cannot Transfer or Do Anything with the token ).
12. Click on «Create Token» and Accept the transaction.

HOW MUCH DOES IT COST TO CREATE ERC20 ETHEREUMTOKEN?

The cost of creating an ERC20 Ethereum Token is relatively low. If you know how to program you will spend less ( 50–500 USD in fees ), but it will depend on the type of token developed and the established commercial requirements. If you do not know how to program, you must allocate part of the budget to a developer and wait for the professional to complete his work.

But if you don’t know how to program, with Smithii tools like the Ethereum Token Creator, you don’t have to worry. In this case, we show you a method to Create your ERC20 Ethereum Token in ONLY 1 MINUTE with a cost of 0.001 ETH + fees.

WHAT ARE ERC20 ETHEREUM TOKEN USEDFOR?

ERC20 Ethereum Tokens can be used for many things, but we can highlight the following uses:

IS IT SAFE TO CREATE ERC20 ETHEREUM TOKENHERE?

It is a Smart Contract used by hundreds of users every month and more and more. The good thing is that we created it ourselves. We are the All-in-one Management Software for NFT Projects.

You can rest assured that the wallet you use for creation will be the one that has the authority over the token, that is, you and only you will have complete control.

You can also see that at no time will you give access to your private key, NFTs or Tokens. So all your assets are 100% safe.

If you still have doubts you can use a Burner Wallet!

CAN ANOTHER NON-ETHEREUM TOKEN BECREATED?

Beyond your ERC20 Ethereum Token that you have surely been able to create successfully, at Smithii you can create other types of tokens. Whether you want to Create your Solana Token or a Base Token, with our tools you can achieve it.

CONCLUSION OF THE ERC20 ETHEREUM TOKEN

Having an Ethereum ERC20 Token can be key to achieving success in the Blockchain. Take advantage of our dApp and other tools that, together with our posts, will achieve what you want in the crypto community.