Creating a token on the Stellar Lumens (XLM) blockchain is simple and there is no need to be familiar with complicated programming concepts or have a particularly high budget.
This guide will use as an example the graphical interface provided by the official Stellar website, which also offers the possibility to test the token’s functioning before issuing it on the mainnet.
Note: the token in this guide has been created only for the purpose of writing the article. It will not be used or listed. Every Cryptonomist or Cryppo token found on the market is fake and a scam.
Before getting started, it is necessary to have 2 different Stellar addresses with at least 2 XLM, as these should cover the cost of the fees to make the transactions.
The first thing to do is to go on the website and choose which network to create the token on, and then select the Transaction Builder option:
At the bottom of the page, a series of fields will have to be completed with information about the source account, the transaction number, the fee (measured in stroops where 100 corresponds to 0.00001 lumens), the case memo and time bounds.
After completing the first part, it is necessary to go to the bottom section and choose from the drop-down menu the type of transaction, Change Trust, and enter the data of the token, such as the source account, the ticker, the quantity of the supply, and the ID account of who creates the transaction.
At this point the transaction is created, which will have to be signed and transmitted inside the ledger, following the buttons at the bottom of the page.
So, even on the Stellar blockchain it is easy to create a new token. With a very small cost of less than 1 dollar, it is possible to complete the operation and use the token in any way, according to the needs and without particular limits. This shows that this procedure is within the reach of everyone and not only of specialized developers.