Token Creator

Token Creator

How to Create an DLY-20 Token with Custom Features Using Daily Creator

Introduction

In this comprehensive guide, we will walk you through the step-by-step process of creating your own DLY-20 token with custom features using the Daily Creator tool. DLY-20 tokens are a popular standard for creating fungible tokens on the Daily blockchain, and customizing them can make your project stand out.

Prerequisites

  • You will need a compatible web browser to access the Daily Creator tool.

  • Ensure that you have enough Daily (DLY) in your wallet to cover gas fees for deploying the token.

Step 1: Access the Daily Creator Tool

  1. Open your web browser and go to the Daily Creator website: https://creator.dailychain.org/.

Step 2: Connect Your Wallet

  1. Click on the "Connect Wallet" button on the website to connect your Daily wallet to the tool. Make sure you choose a wallet that supports Daily and has some DLY for gas fees.

Step 3: Configure Token Parameters

  1. After connecting your wallet, you'll see a form where you can configure your token's parameters.

  • Name: Enter the name of your token (e.g., "MyCustomToken").

  • Symbol: Define a unique symbol or abbreviation for your token (e.g., "MCT").

  • Decimals: Set the number of decimal places for your token (typically 18).

  • Total Supply: Determine the total supply of your token.

Step 4: Customize Token Features

  1. Below the token parameters, you'll find a list of customizable features for your DLY-20 token. Toggle the following features according to your project's requirements:

    • Mintable: Enable this option if you want to allow token minting, which means you can create new tokens.

    • Burnable: Enable this option if you want to allow token burning, which means tokens can be permanently destroyed.

    • Pausable: Enable pausable if you want to have the ability to pause token transfers in certain situations.

    • Permit: Enable this option to implement the EIP-2612 permit function for gasless transactions.

    • Votes: Enable this option if you want to add voting functionality to your token.

    • Flash Minting: Enable this option to allow flash minting, a mechanism for temporary token minting within a single transaction.

    • Snapshots: Enable this option to take snapshots of token balances for governance purposes.

Step 5: Deploy Your Token

  1. After configuring all the parameters and features, review your choices.

  2. Click the "Deploy" button to start the token deployment process.

  3. Confirm the transaction in your connected wallet and wait for it to be mined on the Daily blockchain.

Step 6: Interact with Your Token

  1. Once your token is deployed, you can interact with it using your Daily wallet or other compatible applications.

  2. Depending on the features you enabled, you can mint new tokens, burn tokens, vote, or use other functions provided by your customized DLY-20 token.

Step 7: Secure Your Wallet and Private Keys

  1. Remember to maintain the security of your wallet and private keys at all times. Safeguarding your crypto assets is crucial.

Conclusion

Congratulations! You've successfully created your own DLY-20 token with custom features using the Daily Creator tool. Your token is now ready for use in various applications and can be managed according to the features you've selected.

Please note that creating and managing tokens on the Daily blockchain involves real cryptocurrency transactions. Always exercise caution and ensure the security of your assets and personal information.

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