How to create a token on the TRON blockchain? How to choose the token type, whether TRC10 or TRC20?
Note: The token was created for the purposes of this guide only.
Before getting started, there are a few things that are required:
- A TRON address (1024 TRX), assuming a TRC10 token is being created;
- An address with a smart contract, if a TRC20 token is being created.
To create a token based on the TRON blockchain, the first thing to do is to go to the Tronscan platform and connect a wallet to the platform using the button found at the top right.
Then, navigating on the Blockchain -> Token Tracker menu, it is necessary to select the Create token item that can be found on the right side of the screen.
At this point, the platform will ask what kind of token will be created, whether a TRC10 or a TRC20. The platform offers useful tips for deciding the type based on the purposes of the token.
Then, some data about the token will have to be entered here, such as name, ticker, total supply and, as far as the TRC10 token is concerned, it is also possible to determine how much 1 token will be worth compared to TRON (TRX), whether to freeze them or set a release time for the tokens; whereas as far as the TRC20 tokens are concerned, all the information concerning the project will have to be entered, such as the smart contract address, various social media and the whitepaper address.
Once all the information has been entered, it is possible to create the new token: for TRC10 tokens it will be necessary to pay a fee of 1024 TRX, about 13 dollars, while for TRC20 tokens no fee has to be paid but it is necessary to have the smart contract address so that the data can be cross-referenced and the address uploaded correctly.
With some clicks and a few dollars, it’s possible to create a TRON-based token from scratch without having to know any programming.