Ronald Ryan
by on April 21, 2022
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Back in 2018, I was ideating my crypto startup. Just then, blockchain-based ICOs (Initial Coin Offerings) were dominating the fundraising campaigns. Startups ideating their products/services had taken the token-powered ICO route to persuade investors quickly. 

I had to pursue ETH token creation to bolster my startup idea and reach out to potential investors. 

Since I launched my ICO round in mid-2018, I have raised good capital for my project (back then). Fast forward to 2022 now, I could see ICOs still hold that relevance. I still get a lot of messages from fellow entrepreneurs on how to go about the Ethereum token creation process. In this blog, I'm going to share about it. 

Step 1: Decide the Purpose of your Token

Determining the actual purpose of your ETH token creation is the first step. You'll need to decide on a motto for your Ethereum token. Also, how this Ethereum-based token will benefit your company or project; Please list the features and functions you want it to have. After that, make a plan or a road map to follow.

Step 2: Write Your Smart Contract

Smart contracts facilitate a safer means of communication between peers. It's quintessential to write your smart contracts while creating your Ethereum tokens. The various functions of the smart contracts include approval, transfer, allowance, etc. 

Step 3: Verify the Contract on Etherscan

Once you've finished writing the Smart Contract code for your project, you can move on to the next step. Then you can compile the code to see if all of the features are operational.

Step 4: Token Validation

Validation is the next step in creating your Ethereum token, which involves testing the tokens for errors, bugs, etc. You can make the changes to the token accordingly!

Step 5: Deploy for ICO Round

When you think your Ethereum token is good to go, you can deploy it along with your ICO fundraising round. 

Conclusion

You'll need to list your Ethereum token on exchange platforms to let people buy/sell. But that's a separate chapter for another blog!

For now, you'll have to hire an Ethereum token development company to oversee your token creation process.

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