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How to Mint Tokens on Ethereum Network in 4 steps

Published: 12.11.2024Author: CoinFactory

What is “Mint Tokens in Ethereum”?

“Token minting” in the Ethereum network refers to the process of creating new tokens and adding them to the blockchain. This is done through smart contracts that define the rules and properties of these tokens, such as supply, transfer restrictions, and permissions. Minting is a foundational function in many decentralized applications (DApps) and is often used in scenarios involving fungible tokens (like ERC-20 tokens) or non-fungible tokens (NFTs) like those following the ERC-721 standard.

 

Step-by-step instructions

Step 1: Go to your token page on Etherescan website

Paste the token address into the search and click on the result, this will take you to the token page.

 

Go to your token page on Etherescan website

 

Step 2: Open “Contract” tab and click “Write Contract as Proxy”

 

Click on “Contract” tab

 

Click on “Contract” tab.

 

Click on “Write Contract as Proxy” tab

 

Click on “Write Contract as Proxy” tab.

 

Step 3: Connect the wallet from which you created the token

 

Connect the wallet from which you created the token

 

Step 4: Click “Mint Tokens” and enter minting parameters

  1. To (address): This is the address of the wallet that will receive the newly issued tokens (usually the wallet address of the token creator);
  2. Amount (uint256): This is the number of tokens you want to issue in uint256 format.

 

Click “Mint Tokens” and enter minting parameters

 

How to get UINT256 number?

  1. Recognize decimal numbers of your token (default 18);
  2. Decimal numbers are the number of zeros you need to add to the number you want to get. For example you want to get 1000000 (one million) tokens and the decimals of your token are 18, then you need to add 18 zeros to one million = 1000000000000000000000000.

 

Recognize decimal numbers of your token (default 18)

 

Example:

 

Example

 

Click “Write”, after that you will need to confirm transaction of minting new tokens in your wallet.

 

Done!

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