Guarda Token Generator is now up and running, so we want to make sure all the steps of the token creation are coherent and understandable. Hence, we're issuing this small step-by-step tutorial on how to use the Generator.
If you want to create a token on Guarda, there are really just a very few things you need to know:
The very first step of Guarda Token Generator use is creating a Guarda wallet – you will need this wallet later for transferring the Token Generator service payment and managing your own ERC20 token. If you are not acquainted with Guarda Wallets yet, here is a little bit of general information for you.
Guarda creates light non-custodial cryptocurrency wallets that support a wide variety of coins and tokens. Our wallets are available in different formats, including Web, Mobile, Desktop and Extension versions. The focus of Guarda is privacy, so we never store any personal data or private keys of our users. If you want to know more about Guarda or read a tutorial on how to create a wallet, you can read the articles on our website:
After this short introduction, we can proceed to the process of token creation itself:
1) Choose the name for your token
First of all, you need to come up with a memorable name for your token. After you come up with an idea, go to Guarda Token Generator and enter the token name in the field Guarda provides for you. During this step, you can play with various naming versions and see how your token would look like on major cryptocurrency services.
2) Set up the token supply
After choosing the name, specify the number of tokens you would like to issue. To understand how many tokens you would need, consider the following factors:
-the purpose of token issue (for example, as a loyalty program)
-the volume of token distribution
-the number of customers/clients you would like to reward
As you consider these, enter the number of tokens to be issued by Guarda.
3) Deploy a contract
For this, you will just need to click the “Deploy” button and pay for the Guarda Token Generator service. The service payment is available in all the supported cryptocurrencies – however, ETH is the fastest way to pay for the Generator. The transfer is available right from your Guarda wallet. Once the token creation procedure is finished, your contract will be published at all the block explorers and will be available at Etherscan.
As you can see now, creating tokens on Guarda is performed literally in three steps. After all the requirements mentioned above are met, you will get your brand-new ERC20 token that is carefully audited by Guarda and safe to use. The smart contracts Guarda creates pass the Etherscan verification without any issues. ERC20 tokens are based on the Ethereum blockchain – all your contracts are being linked with an Ethereum wallet that you choose inside the Generator.