How to Create Token On Stellar Blockchain Network?

Step 1: Create two accounts (One for Issuance, Another for Distribution)

To do that, Go to Stellar Laboratory and make sure to select the “test” tab. Then click on “Generate keypair” and take a note of secret and public keys in a safe place.

Once the key pair is generated, the next step is to fund the issuing account on the test network using the friend bot tool. It will copy your public key into the text box, then click “Get test network lumens.”

When the account is funded, you will see a green bar that confirms your new account’s successful funding with test lumens.

Similarly, create and fund another account for the distribution and note down the public and private keys. Once it is done, you can check to ensure both accounts have a balance by appending every public key to the end of the following URL:

 
https://horizon-testnet.stellar.org/accounts/your public key

For example, in our case, it looks like:

 
https://horizon-testnet.stellar.org/accounts/GDO3DT4QDLWF7532E2CEDX6C6GSPGGB53XUDKNWLXLCJEF4XCQUDQRTV

Once you open this URL, it will return a JSON object and you will notice a balance of 10,000 testnet Lumens.

 
},
  "balances": [
    {
      "balance": "10000.0000000",
      "buying_liabilities": "0.0000000",
      "selling_liabilities": "0.0000000",
      "asset_type": "native"
    }
  ],

Step 2: Create a trustline between two accounts

Step 3: Lock the issuer account

Then, scroll down and select the “operation type” as Set Options and the master weight to 0 and click “Sign transaction in signer” at the bottom of the page.

After that, add the issuing account secret key in the “Add Signer” field and click “Submit to post transaction endpoint,” and then “submit” to finalize the transaction.

THere you go and the token is created on the Stellar network. Now, check your newly created token on testnet by adding a distribution account into the URL:

https://horizon-testnet.stellar.org/accounts/your distribution public key

Step 4: Distribution

Make sure to remember the following tips when distributing tokens:

• Inflating token supply in a predefined schedule with pre-authorized transactions.
• Issue a dividend.
• Restrict who can hold your token.
• Conducting an auction for your tokens.

Now, we have successfully issued a token on the Stellar network. Also, it is easier to do as compared to Ethereum. Transactions on the Stellar network will be cheaper and quicker.

If you are also looking to build a custom token on the Stellar network but do not have technical expertise, consult our Stellar Developers who can do it for you the way you want.