<p>X Layer is a ZK-powered layer 2 network that connects the OKX and Ethereum communities to allow anyone to take part in a truly global on-chain ecosystem.</p><p>&nbsp;</p><h3>Creating ERC-20 Tokens on X Layer</h3><p>Creating your own ERC-20 token might sound complex, but with the CoinFactory, this becomes a simple process that does not require knowledge of the Solidity language. In this guide, we’ll walk you through the essential steps to create your ERC-20 token, from understanding the basics to deploying it on the X Layer network.</p><p>Once your token is deployed on the network, the code of smart-contract will be immediately verified by <a href="https://www.oklink.com/">OKLink</a>.</p><p>&nbsp;</p><h3>Step 1: Visit <a href="https://coinfactory.app/generator/xLayer">CoinFactory X Layer Token Generator</a></h3><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1715639704/admin/ml6faxyo8pk2gjjmnypp.jpg" width="1520" height="1080" alt="Visit CoinFactory X Layer Token Generator"></figure><p>&nbsp;</p><h3>Step 2: Connect your wallet</h3><p>Start by connecting your wallet to the CoinFactory Generator page. You need to connect the account that will be the owner of the smart-contract and where the initial token supply will be initiated. If you don’t have such a wallet, you can consider popular and secure options like Metamask and Trust Wallet.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1715639735/admin/aiww9qqv9pnggoho21bu.jpg" width="1520" height="1080" alt="Connect your wallet"></figure><p>&nbsp;</p><h3>Step 3: Choose a contract template</h3><p>Next, choose a contract template based on the functional requirements of your project and fill in the mandatory fields in the token creation form.</p><p>There are three most popular templates:</p><p><i><strong>1. Standard Token:</strong></i> This type of contract comes with all the standard features of the ERC-20 standard.</p><p><i><strong>2. Essential Token:</strong></i> Includes the basics from the ERC-20 standard, plus extra features! Customize your token by setting supply limits, ownership parameters, and even consider its mintable, burnable, pausable, and blacklist functionalities.</p><p><i><strong>3. Taxable Token:</strong></i> This versatile token, built on the ERC-20 standard, blends essential features with added flexibility. Tailor your token by enabling automatic tax or fee deductions from transactions.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1715639822/admin/zzxctzhfbgvifoy4nsuu.jpg" width="1520" height="1080" alt="Choose a contract template"></figure><p>&nbsp;</p><h3>Step 4: Define Token Details</h3><p>Next, you’ll be prompted to define the details of your ERC-20 token. This includes information such as the token name, symbol, total supply, and decimals. Take your time to carefully consider these details as they will define the characteristics of your token.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1715639848/admin/jxdksf9l0dqfrux2ipbt.jpg" width="1520" height="1080" alt="Define Token Details"></figure><p>&nbsp;</p><p>After filling out the form, click the “Create token” button, and you will see a confirmation form. Please double-check the data before confirming because once the contract is deployed on the blockchain, changes become impossible. If everything is filled out correctly, click “Deploy contract” and confirm the transaction in your wallet.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1715639866/admin/wcvkiocl18xuevistwxh.jpg" width="1520" height="1080" alt="Confirmation"></figure><p>&nbsp;</p><p>🎉Congratulations! Your own ERC-20 token has been successfully created. You can visit <a href="https://www.oklink.com/">OKLink</a> to verify that the token minting to the contract owner’s address was completed successfully.</p>

How to Create a Token on X Layer L2 in 4 steps (WITHOUT CODING)

<p><a href="https://etherscan.io/">Etherscan</a> is a widely used platform for exploring and analyzing the Ethereum blockchain. Token metadata on Etherscan provides crucial information about a token, including its name, symbol, and contract address. Keeping this data up-to-date ensures accurate representation and visibility for your token within the Ethereum ecosystem. Here’s a step-by-step guide on how to update token metadata on Etherscan:</p><p>&nbsp;</p><h3>1. Make sure that your address is the owner of the token contract</h3><p>Before updating token metadata, ensure that you are the rightful owner or representative of the token. Ownership verification typically involves accessing the Ethereum address that deployed the token contract.</p><p>&nbsp;</p><h3>2. Prepare the data for the update</h3><p>Gather the updated metadata information for your token.</p><p>&nbsp;</p><h3>3. Go to the token page</h3><p>Find your token on Etherscan by searching for its contract address or name in the search bar. Once you locate the token, access its token details page.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912094/admin/gdkrxi69y2hwkbcm41rj.jpg" width="1520" height="1080" alt="Go to the token page"></figure><p>&nbsp;</p><h3>4. Click “Update Token Info”</h3><p>On the token details page, look for the “Update Token Info” button or similar option. This feature allows token owners to update metadata information.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912133/admin/iwwltwimvbd0brezw1ye.jpg" width="1520" height="1080" alt="Click “Update Token Info”"></figure><p>&nbsp;</p><h3>5. Connect to Etherscan</h3><p>Navigate to Etherscan and log in to your account. If you don’t have an account, you’ll need to sign up for one.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912176/admin/v8myw96zl2rhqr5yuwzz.jpg" width="1520" height="1080" alt="log in to your account"></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912200/admin/wowrcowtoyxaqzvowsyy.jpg" width="1520" height="1080" alt="Connect to Etherscan"></figure><p>&nbsp;</p><h3>6. Verification</h3><p>Etherscan may require verification of ownership before processing the metadata update. This could involve signing a message from the token’s contract address or other authentication methods.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912234/admin/yg2nobynoq3o9yv9wifb.jpg" width="1520" height="1080" alt="Click “Verify Address Ownership”"></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912255/admin/ktefpxo2b5fcmmox4oyx.jpg" width="1520" height="1080" alt="Click “Connect to Web3”. Connect the wallet of the token owner."></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912262/admin/qs1zemextom6rbybfsd4.jpg" width="1520" height="1080" alt="Select your Wallet"></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912344/admin/pinlzhf1lscnhjw91sud.jpg" width="1520" height="1080" alt="Click “Click to Proceed”"></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912291/admin/ngyn3jm3xkvh1ok8ito3.jpg" width="1520" height="1080" alt="Click “Verify Ownership”"></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912362/admin/qpjelo798cnqhopnvvky.jpg" width="1520" height="1080" alt="Click “Update Token Information”"></figure><p>&nbsp;</p><h3>8. Check out the requirements for updating metadata in Etherscan</h3><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912391/admin/j192jxjjw34s5wrjv59u.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><h3>9. Fill out the form with your information about the token</h3><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912420/admin/u79jxepoz9hetmaplvzm.jpg" width="1520" height="1080" alt="Fill out the form with your information about the token"></figure><p>&nbsp;</p><h3>10. Submit Request</h3><p>After entering the information, review it to ensure accuracy. Once verified, submit the request to update the token metadata on Etherscan.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714912449/admin/y2h2s0nsxxlh0dhjfwqb.jpg" width="1520" height="1080" alt="Submit Request"></figure><p>&nbsp;</p><h3>11. Confirmation</h3><p>Upon successful verification, Etherscan will update the token metadata accordingly. The changes should reflect on the token’s details page shortly after the update request is processed.</p><p>&nbsp;</p><h3>12. Monitor Changes</h3><p>Regularly check the token details page on <a href="https://etherscan.io/">Etherscan</a> to confirm that the updated metadata is displayed correctly. Ensure that all information, including the token name, symbol, and logo, appears as intended.</p><p>By following these steps, you can effectively update token metadata on Etherscan, ensuring accurate representation and visibility for your token within the Ethereum community. Keeping metadata up-to-date is essential for maintaining transparency and trust in the decentralized ecosystem.</p>

How to Update Token Info in Etherscan (Guide)

<p>A Raydium liquidity pool is a pool of tokens that users can deposit into to provide liquidity for trading on the Raydium decentralized exchange (DEX). Liquidity pools serve two main purposes on Raydium:</p><ol><li>They allow users to earn trading fees by providing liquidity. When users deposit a pair of tokens into a liquidity pool, they receive LP (liquidity provider) tokens that represent their share of the pool. Every time a trade occurs within the pool, a 0.25% fee is charged, with 0.22% going to liquidity providers and 0.03% used for RAY token buybacks[1][2][3].</li><li>Liquidity pools provide the necessary liquidity for traders to buy and sell tokens on Raydium. Without liquidity pools, there would be insufficient token reserves to facilitate trades[3].</li></ol><p>When a user provides liquidity to a pool, they deposit an equal value of two tokens (e.g. RAY and USDC). In return, they receive LP tokens that represent their proportional share of the pooled assets[4]. Liquidity providers can withdraw their tokens at any time.</p><p>Liquidity pools are essential for the functioning of Raydium as a DEX. They enable trading activity by providing liquidity, while also allowing liquidity providers to earn passive income from trading fees. The size and depth of Raydium’s liquidity pools is a key factor in the exchange’s overall trading volume and user activity[3].</p><p>&nbsp;</p><h3>Step-by-step guide</h3><h4><strong>Step 1: Go to the </strong><a href="https://raydium.io/liquidity/create/"><strong>Create Pool page on Raydium</strong></a></h4><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714234876/admin/i3fmennmvog4pfve5kij.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><h4><strong>Step 2: You must be the owner of the token, if you don’t have a token yet, you can </strong><a href="https://coinfactory.app/generator/solana/spl-token"><strong>create one here</strong></a></h4><p>An OpenBook Market ID is a unique identifier for a market associated with a specific token project on the Solana blockchain. It serves as a necessary step to list a token on swap platforms like Raydium.io.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714234899/admin/vk9asx4plr4zcy2fgr8j.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><h4><strong>Step 3: Specify the OpenBook Market ID of your token, if you don’t have it, you can </strong><a href="https://coinfactory.app/solana/market/create"><strong>create it here</strong></a></h4><p>If an LP already exists on Raydium for an OpenBook market ID, that ID can not be used to create a new LP[5].</p><p>&nbsp;</p><h4><strong>Step 4: Starting Price, Initial Liquidity and Start time</strong></h4><ul><li>Set the Base Token starting price: This is the number of Quote Tokens needed to purchase 1 Base Token[5].</li><li>Set Base and Quote token initial liquidity: You can enter one side of initial liquidity and the other side will be calculated according to the Base Token starting price[5].</li><li>Set the start date and time that you want your pool to launch[5].</li><li>Ensure that you have adequate funds in your wallet for this initial liquidity, then click ‘Confirm and Initialize Liquidity Pool’[5].</li></ul><p><strong>IMPORTANT</strong>: After confirming and initializing the pool, you can no longer edit starting price, liquidity or start time. The start time is determined by the cluster time on-chain, it is possible that Solana’s cluster time is inconsistent. You can check the cluster time <a href="https://explorer.solana.com/">here</a>[5].</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714234927/admin/nk2my55ekjwu8r9elb4t.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><h4><strong>Step 5: Confirm the creation of a liquidity pool in your wallet</strong></h4><p>After clicking confirm, you will need to approve TWO separate transactions in your wallet. These transactions initialize the pool, create the AMM account and ID, and add liquidity from your wallet. If you do not see one of the transactions appear, your wallet window may be hiding behind your main browser window. If you miss a transaction, the process will fail and you’ll need to click confirm again, and re-approve all transactions[5].</p><p>&nbsp;</p><h4><strong>Step 6: Get your new AMM ID</strong></h4><p>Once you’ve confirmed the two transactions in your wallet, the new LP will have been created, you will be provided with the new AMM ID, and the pool will launch at the set start time[5]. Good luck! 🎉</p><p>&nbsp;</p><p><strong>Solana Tools:</strong></p><ul><li><a href="https://coinfactory.app/generator/solana/spl-token">Solana Token Generator</a></li><li><a href="https://coinfactory.app/generator/solana/update-metadata">Update Token Metadata</a></li><li><a href="https://coinfactory.app/generator/solana/revoke-freeze">Revoke Freeze Authority</a></li><li><a href="https://coinfactory.app/generator/solana/revoke-mint">Revoke Mint Authority</a></li><li><a href="https://coinfactory.app/solana/market/create">Create OpenBook Market</a></li><li><a href="https://coinfactory.app/bulk-sender/solana">Solana Multisender</a></li><li><a href="https://coinfactory.app/tokens">Solana Token Pages (NEW)</a></li></ul><p><strong>Twitter:</strong> <a href="https://twitter.com/coinfactory_app">https://twitter.com/coinfactory_app</a><br><strong>Telegram:</strong> <a href="https://t.me/coinfactory_app">https://t.me/coinfactory_app</a></p><p>&nbsp;</p><p>Citations:<br>[1] <a href="https://docs.raydium.io/raydium/getting-started/faq">https://docs.raydium.io/raydium/getting-started/faq</a><br>[2] <a href="https://docs.raydium.io/raydium/liquidity-providers/liquidity-providing-faq">https://docs.raydium.io/raydium/liquidity-providers/liquidity-providing-faq</a><br>[3] <a href="https://www.dantehq.com/article/B-s751pFDXowmw2YrqEQV6/raydium-a-primer">https://www.dantehq.com/article/B-s751pFDXowmw2YrqEQV6/raydium-a-primer</a><br>[4] <a href="https://docs.raydium.io/raydium/liquidity-providers/liquidity-pools">https://docs.raydium.io/raydium/liquidity-providers/liquidity-pools</a><br>[5] <a href="https://docs.raydium.io/raydium/pool-creation/creating-a-standard-amm-pool">https://docs.raydium.io/raydium/pool-creation/creating-a-standard-amm-pool</a></p>

How to Create a Liquidity Pool on Raydium

<p>Participating in the Blast airdrop can be an exciting opportunity to earn Points and Gold for free. In this post we will tell you more about the airdrop requirements and provide a step-by-step guide on how to participate in it.</p><p>&nbsp;</p><h3>Step 1: Understand What Blast Is</h3><p>Before participating in the airdrop, it’s important to understand what Blast is. Blast is a new Ethereum L2 network that includes native yield for ETH and stablecoins. This means that by holding ETH or stablecoins in the Blast network, you will automatically be rewarded to your wallet. The default interest rate on Blast is 4% for ETH and 5% for stablecoins.</p><p>&nbsp;</p><h3>Step 2: Meet the Requirements</h3><p>As most other airdrops the Blast Airdrop also has certain requirements participants must meet to be eligible for rewards. These requirements include:</p><p><i><strong>1. Having a Supported Wallet:</strong></i><strong> </strong>Ensure you have a cryptocurrency wallet that supports the ERC-20 tokens and Blast network. Common options include MetaMask, Trust Wallet, MyEtherWallet, and others.</p><p>Also, do not forget to add Blast network to the chain list of your wallet. You can do it easily here: <a href="https://coinfactory.app/chainlist/81457">Add Blast to you wallet</a>.</p><p><i><strong>2. Hold ETH or Certain Stablecoins on Blast Network:</strong></i><strong> </strong>To start receiving Points from Blast you must have any amount of ETH/WETH/USDB on your balance. There are several ways to transfer ETH to Blast network:</p><ul><li>Using <a href="https://blast.io/bridge">Blast Bridge</a> (high gas fee) — this bridge allows you to transfer ETH or tokens from the main Ethereum network to the Blast network.</li><li>Using L2 bridge (low gas fee) — this method is much cheaper and will be useful to those who have ETH in other L2 networks or who can withdraw it from centralized exchanges to a network like Arbitrum. Then, you can use this bridge to convert it into the Blast network: <a href="https://www.orbiter.finance/">https://www.orbiter.finance/</a>.</li></ul><p>&nbsp;</p><h3>Step 3: Register for the Airdrop</h3><p>Navigate to the official airdrop page using this <a href="http://blast.io/795CF">link</a> and connect your wallet. If the platform asks you to enter invite code, use this one: 795CF.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714169829/admin/ket2v5iackjususjqtk5.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><p>Once your wallet is connected your rewards will be estimated automatically. Your wallet will earn Points automatically every block based on your ETH/WETH/USDB balance.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714169855/admin/tsw4wkqpiosnq0gjeuns.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><h3>Step 4: How to Earn More Points</h3><p>There are several ways to multiply Blast points:</p><p><i><strong>1. Increase the ETH/WETH/USDB balance.</strong></i> The more cryptocurrency you have on the balance of your registered wallet the more points you will earn per hour.</p><p><i><strong>2. Invite friends to Blast airdrop.</strong></i> There are two levels of the Blast referral system. You will earn +16% from first level invites and +8% from the second level ones. The more your invites hold in Blast, the more you earn!</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714169907/admin/gpbeejolzamoqwiw1a5o.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><p>Your referral link will be on the “Invites” tab.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714169928/admin/vnnbsddgadbyquvvlpyw.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><p><i><strong>3. Earn Multipliers.</strong></i><strong> </strong>There are multipliers that increase the speed of points accrual, as well as instantly multiply the balance of your points by a certain rate. To earn multipliers, you need to complete tasks. Go to the Multipliers tab and select one of the available multipliers. Then, you will see the list of available DApps. To complete a task, select any DApp and perform any action on it, for example, make a swap for a pair ETH/USDB for $1–2 USDB.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714169963/admin/hybqqe5amckxe0sadr3r.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><h3>Step 5: Stay Secure</h3><p>Be cautious of scams and phishing attempts related to the Blast airdrop. Only interact with official websites and channels and never share your private keys or sensitive information with anyone claiming to be associated with the airdrop.</p><p>By following these steps, you can effectively participate in the Blast airdrop and earn free tokens. Remember to conduct thorough research and exercise caution to ensure a safe and rewarding experience. Good luck! 🎉</p>

How to Participate in the Blast Airdrop and Earn free tokens

<p>Join our Affiliate Program and unlock exciting opportunities to earn rewards while spreading the word about our service. With each token created using CoinFactory, the premier token generator, you earn ETH. It’s a win-win opportunity — you promote, and you earn!</p><p>&nbsp;</p><h3>Step-by-step instructions</h3><ol><li>Go to <a href="https://coinfactory.app/affiliate">CoinFactory Affiliate Program</a>.</li><li>Connect your wallet to receive rewards.</li><li>Click “Get link” to obtain your unique affiliate link.</li><li>Share your referral link on Twitter and other social networks.</li><li>Once a participant clicks your link, your referral code will be stored in their browser’s memory. You will receive rewards for every contract they create.</li></ol><p>&nbsp;</p><h3>Frequently Asked Questions</h3><h4>What are the reward amounts?</h4><p>The reward for each created contract is 50% of the price. For example, if your referral creates a contract worth 0.5 ETH, 0.25 ETH will automatically be sent to your wallet upon contract creation.</p><p>Example:</p><p>Your income from 10 tokens created will be 0.3 ETH ≈ $960</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1714153773/admin/vc7mwmwxirfge03n6hfw.jpg" width="1520" height="1080"></figure><p>&nbsp;</p><p>You can use the income calculator on the <a href="https://coinfactory.app/">main page of CoinFactory</a>.</p><p>&nbsp;</p><h4>Does Affiliate Program work in all networks?</h4><p>Yes, rewards are paid in the currency of the network where the contract is created. You can test your referral link in the test network, create a test contract, and verify that the reward is credited to your address.</p><p>&nbsp;</p><h4>Rules for sharing the referral link</h4><p>You can share your referral link on any social networks or send it to your friends or interested individuals. Spamming through direct messages on social networks or via email is prohibited.</p><p>If we receive a spam complaint through your referral link, we reserve the right to block your affiliate account.</p><p>&nbsp;</p><h4>My referral clicked my link, created a contract, but I didn’t receive the reward. Why?</h4><p>Since the partner’s code is stored in the referral’s browser memory, it’s possible that the referral created a contract from a different browser, cleared their cache, or later clicked on another partner’s referral link.</p><p>For any other questions, please contact us at support@coinfactory.app.</p>

How to Earn Crypto using the CoinFactory Affiliate Program

<p>An OpenBook Market represents a fundamental aspect of the Solana blockchain ecosystem, particularly tailored for establishing markets on decentralized finance (DeFi) platforms like Raydium.io. The OpenBook Market ID serves as a unique identifier for a market associated with a specific token project, facilitating its trading across various DeFi platforms within the Solana network. This ID is crucial for project listings on swap platforms.</p><p>To generate an OpenBook Market ID, a lease fee is paid on the Solana network. This fee is notably lower than the average market ID creation fee, thanks to innovative approaches and Web3.js technology. The ID incorporates details such as the base and quote tokens, minimum order size, and price tick settings. The base token denotes the traded token, while the quote token signifies the currency used for trading. The minimum order size specifies the smallest allowable order quantity, and the price tick denotes the decimal places used for price display.</p><p>The creation process for an OpenBook Market ID is designed to be cost-effective and accessible. <a href="https://coinfactory.app/solana/market/create">CoinFactory</a> provides a dedicated service site for this purpose. The estimated transaction fee for generating an OpenBook Market ID is approximately 3 SOL, which is non-refundable, even if the creation process is unsuccessful. This fee ensures that the platform can cover transaction-related expenses.</p><p>&nbsp;</p><h3>Step-by-step instructions</h3><h3>Step 1: Go to the <a href="https://coinfactory.app/solana/market/create">Create OpenBook Market page on the CoinFactory website</a></h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713793070/admin/zcvfhq11zdcjccqqzjjh.jpg" alt="Go to the Create OpenBook Market page on the CoinFactory website" width="1520" height="1080"></figure><p>&nbsp;</p><h3>Step 2: Connect the wallet from which you created the token</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713793092/admin/uybxurpyfnq9s2sdnvtm.jpg" alt="Connect the wallet from which you created the token" width="1520" height="1080"></figure><p>&nbsp;</p><h3>Step 3: Fill in the fields to create a Market ID</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713793112/admin/i1my8d1yogardxiedtbl.jpg" alt="Fill in the fields to create a Market ID" width="1520" height="1080"></figure><p>&nbsp;</p><ul><li><i><strong>Base Token:</strong></i><strong> </strong>The token you created.</li><li><i><strong>Quote Token:</strong></i> A token with market value. Usually SOL or USDC.</li><li><i><strong>Min. Order Size:</strong></i> In other words, it’s the smallest quantity users can purchase of your token.</li><li><i><strong>Tick Size:</strong></i> This refers to the minimum quantity required to influence your token’s price change.</li><li><i><strong>Advanced options:</strong></i> Select the advanced options<strong> </strong>(only if you want to use a market lower than 3 SOL).</li></ul><p>&nbsp;</p><p>The following is a reference chart for you to have as a guide about the parameters to configure in Min.<strong> </strong>Order Size and Tick Size:</p><figure class="image"><img style="aspect-ratio:1520/1340;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713793240/admin/eceubxv5kzxlzxneiayx.jpg" width="1520" height="1340"></figure><p>&nbsp;</p><h3>Step 4: Confirm the creation of OpenBook in your wallet</h3><p>Once the creation process is complete, you’ll receive the Market ID. Be sure to copy and save it because you’ll require it to provide liquidity on certain DEX platforms.</p>

How to create an OpenBook Market for Solana SPL Token

<p>Solana’s token metadata refers to the information associated with tokens issued on the Solana blockchain. This metadata typically includes details such as the token’s name, symbol, supply, decimals (if applicable), and other relevant information. This metadata helps users and applications on the Solana network identify and interact with different tokens accurately.</p><p>To modify Solana Token Metadata, you need to utilize the wallet that originally created the token, which is designated as the Authority.</p><p>&nbsp;</p><h3>Step-by-step instructions</h3><h3>Step 1: Go to the <a href="https://coinfactory.app/generator/solana/update-metadata">Update Token Metadata page on the CoinFactory website</a></h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713784724/admin/vswrf7c33oxwdrnr5ite.jpg" width="1520" height="1080" alt="Go to the Update Token Metadata page on the CoinFactory website"></figure><p>&nbsp;</p><h3>Step 2: Connect the wallet from which you created the token</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713784759/admin/lg5w2dyh2p6r8i4sfazo.jpg" width="1520" height="1080" alt="Connect the wallet from which you created the token"></figure><p>&nbsp;</p><h3>Step 3: Fill in the fields you want to update</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713784786/admin/lkhdvvvuprc1abanbgez.jpg" width="1520" height="1080" alt="Fill in the fields you want to update"></figure><p>&nbsp;</p><h3>Step 4: Confirm Update Token Metadata in your wallet</h3>

How to Update Metadata Token for Solana SPL Token

<h3>What is “Revoke Mint Authority”?</h3><p>Before discussing the significance of this innovation, it’s important to understand what “Revoke Mint Authority” means in the Solana network. This feature grants certain network participants the right to mint new tokens, thereby controlling their supply. While this may serve various functions within the ecosystem, it also poses risks of centralization if not carefully managed.</p><p>&nbsp;</p><h3>The Importance of Revoking Mint Authority</h3><p>The introduction of the Revoke Mint Authority feature in the Solana network marks a significant step towards enhancing decentralization and community involvement in governance. This feature allows network participants to revoke the token minting rights previously granted to specific entities, thereby distributing control over the token issuance process.</p><p>&nbsp;</p><h3>Key Benefits of Introducing the Revoke Mint Authority Feature:</h3><ol><li><i><strong>Decentralization:</strong></i> Revoking mint authority underscores the commitment to a more decentralized governance model, where decisions are made by the community rather than centralized authorities.</li><li><i><strong>Increased Trust:</strong></i> This innovation may contribute to increased trust among participants in the Solana network, as it demonstrates transparency and willingness to consider community input.</li><li><i><strong>Enhanced Security:</strong></i> Distributing minting authority can mitigate risks of centralization and prevent potential abuses.</li></ol><p>&nbsp;</p><h3>Step-by-step instructions</h3><h3>Step 1: Go to the <a href="https://coinfactory.app/generator/solana/revoke-mint">Revoke Mint page on the CoinFactory website</a></h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713370533/admin/sxrgoqoqxbop3vfd3apv.jpg" width="1520" height="1080" alt="Go to the Revoke Mint page on the CoinFactory websiteGo to the Revoke Mint page on the CoinFactory website"></figure><p>&nbsp;</p><h3>Step 2: Connect the wallet from which you created the token</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713370588/admin/hnsa6tnqy4573zzfbmc1.jpg" width="1520" height="1080" alt="Connect the wallet from which you created the token"></figure><p>&nbsp;</p><h3>Step 3: Enter the contract address of your token</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713370617/admin/hcrk9z6pvlnucn96odjq.jpg" width="1520" height="1080"></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713370630/admin/p5znzpipdduiwdu5x2uk.jpg" width="1520" height="1080" alt="Enter the contract address of your tokenEnter the contract address of your token"></figure><p>&nbsp;</p><h3>Step 4: Confirm Revoke Mint Authority in your wallet</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713370661/admin/n37boma2rjxe15nssbka.jpg" width="1520" height="1080" alt="Confirm Revoke Mint Authority in your wallet"></figure><p>&nbsp;</p><h3>Conclusion</h3><p>The introduction of the Revoke Mint Authority feature in the Solana network represents a significant step towards a more decentralized and community-driven blockchain ecosystem. This innovation highlights efforts to reduce centralization risks and increase transparency and trust within the Solana cryptocurrency ecosystem.</p>

How to make Revoke Mint Authority of Solana SPL Token

<h3>What is “FREEZE AUTHORITY”?</h3><p>Before delving into the details of this innovation, let’s understand what “FREEZE AUTHORITY” means in the Solana network. This feature allows certain participants in the network to temporarily freeze tokens, which can be useful in case of fraud detection or other illicit activities.</p><p>However, the existence of such a centralized capability can lead to undesirable consequences, such as the potential for abuse or even censorship. This contradicts the principles of decentralization upon which blockchain is built.</p><p>&nbsp;</p><h3>Revoking Freeze Authority: A Step Towards Decentralization</h3><p>In response to these limitations and with the aim of strengthening decentralization, the Solana developer community introduced the function to revoke freeze authority. This feature allows network participants to revoke freeze authority from specific accounts, reclaiming control over their tokens.</p><p>&nbsp;</p><h3>Benefits of Introducing the Revoke Freeze Authority Feature</h3><ol><li><i><strong>Decentralization:</strong></i> Revoking freeze authority underscores the Solana community’s commitment to a more decentralized network, where token management remains in the hands of their owners.</li><li><i><strong>Security:</strong></i> Users may feel more secure knowing that they have the ability to regain control over their tokens if needed, contributing to overall network security.</li><li><i><strong>Building Trust:</strong></i> This innovation can contribute to building trust among users in the Solana network, as it demonstrates its commitment to decentralization and protecting the interests of participants.</li></ol><p>&nbsp;</p><h3>Step-by-step instructions</h3><h3>Step 1: Go to the <a href="https://coinfactory.app/generator/solana/revoke-freeze">Revoke Freeze page on the CoinFactory website</a></h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713367958/admin/ahiugzfttyqh0d4qkxtd.jpg" width="1520" height="1080" alt="Go to the Revoke Freeze page on the CoinFactory website"></figure><p>&nbsp;</p><h3>Step 2: Connect the wallet from which you created the token</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713367989/admin/xbchd616blircyumtd3l.jpg" width="1520" height="1080" alt="Connect the wallet from which you created the token"></figure><p>&nbsp;</p><h3>Step 3: Enter the contract address of your token</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713368041/admin/hnjt7tf1czcf7hpp9lhq.jpg" width="1520" height="1080"></figure><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713368050/admin/tkf8rni2nl0isnhp82tn.jpg" width="1520" height="1080" alt="Enter the contract address of your token"></figure><p>&nbsp;</p><h3>Step 4: Confirm Revoke Freeze Authority in your wallet</h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1713368081/admin/n7t8zi5dsyzmococrrcn.jpg" width="1520" height="1080" alt="Confirm Revoke Freeze Authority in your wallet"></figure><p>&nbsp;</p><h3>Conclusion</h3><p>The introduction of the Revoke Freeze Authority feature in the Solana token marks a significant step towards strengthening decentralization in this blockchain network. This innovation not only enhances security and trust in the network but also demonstrates a continuous commitment to developing the principles upon which the cryptocurrency community is built.</p>

How to make Revoke Freeze Authority of Solana SPL Token

<p>Welcome to the world of cryptocurrency! If you’re interested in creating your own digital currency, you’ve come to the right place. In the vast landscape of cryptocurrencies, ERC-20 tokens stand out as one of the most popular and accessible options for creators. But what exactly are ERC-20 tokens, and how can you create one?</p><p>In simple terms, ERC-20 tokens are digital assets built on the Arbitrum blockchain. They follow a set of rules and standards defined by the Arbitrum community, making them compatible with various platforms and wallets. These tokens can represent anything from utility coins to digital assets and are often used for crowdfunding, decentralized finance (DeFi) projects, and even gaming tokens.</p><p>&nbsp;</p><h3>Creating ERC-20 Tokens on Arbitrum</h3><p>Creating your own ERC-20 token might sound complex, but with the CoinFactory, this becomes a simple process that does not require knowledge of the Solidity language. In this guide, we’ll walk you through the essential steps to create your ERC-20 token, from understanding the basics to deploying it on the Arbitrum network.</p><p>Once your token is deployed on the network, the code of smart-contract will be immediately verified by Arbiscan.</p><p>&nbsp;</p><h3>Step 1: Visit <a href="https://coinfactory.app/generator/arbitrum">CoinFactory Arbitrum Token Generator</a></h3><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1712749510/admin/uw43haurynchmu50k1cl.jpg" width="1520" height="1080" alt="Visit CoinFactory Arbitrum Token Generator"></figure><p>&nbsp;</p><h3>Step 2: Connect your wallet</h3><p>Start by connecting your wallet to the CoinFactory Generator page. You need to connect the account that will be the owner of the smart-contract and where the initial token supply will be initiated. If you don’t have such a wallet, you can consider popular and secure options like Metamask and Trust Wallet.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1712749545/admin/euco2yaklzipdr2cjlqj.jpg" width="1520" height="1080" alt="Connect your wallet"></figure><p>&nbsp;</p><h3>Step 3: Choose a contract template</h3><p>Next, choose a contract template based on the functional requirements of your project and fill in the mandatory fields in the token creation form.</p><p>There are three most popular templates:</p><p><i><strong>1. Standard Token:</strong></i> This type of contract comes with all the standard features of the ERC-20 standard.</p><p><i><strong>2. Essential Token:</strong></i> Includes the basics from the ERC-20 standard, plus extra features! Customize your token by setting supply limits, ownership parameters, and even consider its mintable, burnable, pausable, and blacklist functionalities.</p><p><i><strong>3. Taxable Token:</strong></i> This versatile token, built on the ERC-20 standard, blends essential features with added flexibility. Tailor your token by enabling automatic tax or fee deductions from transactions.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1712749641/admin/x1uwny73d5jgacbqlfwg.jpg" width="1520" height="1080" alt="Choose a contract template"></figure><h3>&nbsp;</h3><h3>Step 4: Define Token Details</h3><p>Next, you’ll be prompted to define the details of your ERC-20 token. This includes information such as the token name, symbol, total supply, and decimals. Take your time to carefully consider these details as they will define the characteristics of your token.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1712749685/admin/ikokzlmm1vzqlrhboccr.jpg" width="1520" height="1080" alt="Define Token Details"></figure><p>&nbsp;</p><p>After filling out the form, click the “Create token” button, and you will see a confirmation form. Please double-check the data before confirming because once the contract is deployed on the blockchain, changes become impossible. If everything is filled out correctly, click “Deploy contract” and confirm the transaction in your wallet.</p><p>&nbsp;</p><figure class="image"><img style="aspect-ratio:1520/1080;" src="https://res.cloudinary.com/coinfactory/image/upload/v1712749709/admin/trih4noikaltrkixwbqt.jpg" width="1520" height="1080" alt="Confirmation"></figure><p>&nbsp;</p><p>🎉Congratulations! Your own ERC-20 token has been successfully created. You can visit <a href="https://arbiscan.io/">Arbiscan</a> to verify that the token minting to the contract owner’s address was completed successfully.</p>

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