How to Mint Tokens for Solana SPL Token
Published: 21.06.2024Author: CoinFactory
What is “Mint Tokens”?
Minting tokens refers to the process of creating new tokens on a blockchain network. This is often associated with cryptocurrencies and decentralized finance (DeFi) platforms. When tokens are minted, they are generated and added to the total supply of the cryptocurrency. This can happen during an initial coin offering (ICO), a decentralized application (DApp) launch, or as part of a staking reward mechanism. Minting is a crucial function in blockchain ecosystems, allowing projects to distribute tokens to users and incentivize participation.
Step-by-step instructions
Step 1: Go to the Mint Tokens page on the CoinFactory website
Step 2: Connect the wallet from which you created the token
Step 3: Enter token address
Step 4: Confirm Mint Tokens in your wallet
🎉Tokens have been successfully minted.