The process of creating tokens on the Waves platform is rightly considered one of the least expensive and fastest ways. The simple and intuitive interface of the platform is easy to understand even without knowledge of English, and the release process itself takes more than a few minutes.
The Waves platform is a modern cryptocurrency platform based on the LPOS protocol with its own unique features. One of these features is the most simplified token creation system, intuitive even for beginners.
Another advantage of the Waves platform is the ability to quickly exchange issued tokens on any decentralized platforms, the ability to pay various commission fees with tokens on the same Waves platform, thereby creating an artificial demand for new tokens.
The process of creating a token begins with installing the Waves Lite Client application on the computer, which is both a plugin for Google Chrome and a wallet for issued tokens.
After installing the program, the client will require the user to create an account, read and agree to the client agreement. After that, the program will provide the user with a unique SEED key, which is required to restore access to its client application or to manage the client from another computer.
At the same time, Waves Lite Client will offer to create a password for the newly created account.
The cost of the issue is symbolic and amounts to 0, 001 Waves or one Waves token, which must be purchased in advance and sent to your wallet, the address of which is located at the top of the Waves Lite Client application. To purchase the required amount of Waves cryptocurrency, you can use the cryptocurrency exchange or buy Waves through a client using a bank card.
To issue your tokens, you need to go to the Token Creation funds issue tab, enter the name and a short description of the tokens. After that, you can select the size of the issue - the total number of tokens issued, as well as decimal places for tokens.
It should be remembered that the names of tokens are not unique and, in order not to confuse them with others, it is necessary to check the selected name for uniqueness according to the asset ID system. Asset ID is a unique token identifier that allows you to find your own among many other tokens with the same name.
In the future, the name of the token can be changed, but the description of the token can no longer be changed. Therefore, the description should be taken seriously and thoughtfully.
The amount of issue can be specified at your discretion: several thousand, millions and even billions. If not enough, the Waves system has a token re-issue function that allows you to create more tokens.
The decimal places for the token indicate how many parts one unit of the token can be split into. For example, bitcoin has 8 decimal places, that is, it is divided into 100,000,000 parts, called satoshi. If you specify zero in this column, then the newly created token will not be divided into parts.
At the end of this procedure, you must sequentially press: Issue Token, Submit and Confirm.
If the process of creating tokens proceeds properly, the system will inform about this by issuing Token Creation, after which the created tokens can be transferred to the portfolio tab.
