How To Create Memecoin on TON
Memecoins are trending in the current bull market. A new wave of popularity of memecoins appeared due to the possibility of easy token launch that does not require special technical knowledge. In this article, we will explain how you can create your own memecoin on TON.
This year, the Solana blockchain has suddenly become the preferred platform for launching memecoins. Most of them are launched on the Solana network. In fact, every 10 minutes! And quite reasonably so: high transaction speeds and low fees. In addition, the network has started pushing community members to create tokens on its platform by providing all the necessary and easy-to-use tools.
However, Solana is not the only favorable environment for memecoin creation. This year, the TON network has made a noticeable breakthrough. The ecosystem is expanding and attracting more and more participants who have taken notice of TON's capabilities.
As it turns out, TON also boasts high transaction processing speeds with low fees, making the network an attractive platform for token creation. The TON ecosystem has grown significantly and started to attract the attention of a wide range of users, developers, and investors due to innovations and the connection with Telegram. Many interesting tools have emerged to interact with TON in an easier but interesting way. While technical knowledge was previously required to launch a token on the TON network, the ability to launch a token easily is now available to a wide range of users.
TON has a strong and rapidly growing community that actively supports new projects. Launching a memecoin on the TON network allows for immediate interaction with an active community ready to support, exchange and distribute the token. At the time of writing, the total market capitalization of TON-based memecoins is almost $69 billion. This is relatively modest compared to the same Solana or Ethereum. However, this year, TON has proven that it can ramp up a new trend in its ecosystem in no time. Some successful TON-based memecoins include Povel Durev, Resistance Dog, The Resistance Cat, and more.
So, let's take a look at how to create a TON-based memecoin.
How to quickly create your memecoin on TON?
Memecoins are a fresh trend in the TON ecosystem. Therefore, there is still a chance to launch your project that will attract a large and interested community. At least it will be easier to do it on the TON network than in Solana. Still, it's worth thinking about the unique concept of your memecoin before you start.
Disclaimer: Proceed with vigilance and caution. Remember the importance of DYOR. Be honest and fair to your future community.
One popular and quick way to create a TON-based memecoin is the Minter platform.
1. Go to the platform https://minter.ton.org/
2. On the main page, fill in the blank spaces: add the memecoin logo, its name and ticker, as well as specify the number of tokens and add a description.
Source and Copyright © Minter
3. Don't forget to connect your wallet and make sure it has 10 TON on its balance, which is needed for the creation fee of your own memecoin.
4. Confirm the creation of the memecoin by clicking on the Deploy button.
5. From the https://minter.ton.org/jetton page, you can send your finished memecoins to your friends or early supporters of your project.
Source and Copyright © Minter
6. Verify the address of your token. To do this, use https://tonscan.org/, enter the address and check all the necessary token details.
But that's not all. The above steps have led you to your memecoin appearing on the TON blockchain. In order for people to trade your token, you need to provide liquidity on decentralized exchanges that support tokens based on the TON network. Let's take Ston.fi, one of the leading DEXs on TON, as an example.
Disclaimer: Memecoins are a high-risk asset class and are highly volatile. Keep this in mind when creating, starting to trade and promoting your memecoin.
In order for your token to be tradable, you need to create a liquidity pool. Don't forget to connect your wallet first.
1. Go to the Liquidity section of Ston.fi. To import your token, enter the contract address in the search bar.
Source and Copyright © STON.fi
2. Wait for the information from the blockchain to load and click "Agree and Proceed". You will see your token as imported. Other users will see it as a community token.
Source and Copyright © STON.fi
3. To create a new pool with your token, you need to click on "Add Liquidity".
Source and Copyright © STON.fi
4. Select a pair and then your token by entering its name or address.
Source and Copyright © STON.fi
5. Confirm the action by clicking on "Accept".
Source and Copyright © STON.fi
6. Enter the asset ratio that will determine the starting price in the pool. Next, click "Provide 1 TON" and confirm the transaction in your wallet.
Source and Copyright © STON.fi
7. Next, click "Transfer TON" (if you selected this token) and confirm the transaction in your wallet again.
Source and Copyright © STON.fi
8. Repeat the previous step with the second token (your memecoin).
Congratulations! You have successfully created your pool. Don't forget to add liquidity to your pool. Now anyone can trade your memecoin. Share the pool link with your community and encourage trading or providing additional liquidity.
Conclusion
Memecoins have long been an opportunity for self-expression in the cryptocurrency world. And with the rapid development of the Web3 world, the process of creating your own coin seems easy and accessible to a wider range of crypto market participants.
But despite the accessibility, risks remain. And it's important to consider them when creating and distributing memecoin. Do your own analysis, and remember that your community can also analyze your memecoin. Therefore, approach the creation of the project honestly and consciously.
