Meme coins are everywhere! There are hundreds of new meme coins that are launched every day, which provides opportunities for traders and investors. Have you ever wondered how you can create one yourself? It’s not as hard as you think. You can actually make your own meme coin with just the right tools and a bit of basic knowledge.
In this guide, we’ll explain the process in simple terms, so even if you’re new to crypto, you’ll understand it easily.
What is a Meme Coin?
Meme coin is also a cryptocurrency like Bitcoin or Ethereum. Meme coins usually don’t have a real world use and that is where the main difference is. They are not made with any intention but for fun, which is often inspired from internet jokes, memes etc. One of the most famous examples is Dogecoin, which started out as a joke but due to a very strong community online, gained popularity.
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Meme coins have become a serious part of the crypto world, despite their humorous nature. Often, meme coins are sought out by many traders for the increase in their value. As a result, trading memorandums have become frequent and more people have been interested in creating new meme coins.
Why Choose Solana for Your Meme Coin?
When it comes to building a meme coin, there are many blockchains to choose from; but, Solana is one of the most popular. Why? It is fast, cheap, and has a strong community. Solana is great for low cost transactions or trading coins unlike Ethereum, where you can spend a lot of money on transaction fees.
The reason meme Solana coins could be trending is due to the rise of tools such as Pump.fun and Smithii. Given that these cryptocurrency development platforms make the process of creating a meme coin simple, with no need to code.
Step-by-Step Guide to Creating Your Meme Coin
To create a meme coin, you do not have to be a programmer. Doing it with online tools will take you a few minutes. Here’s how:
Step 1: Choose a Token Creation Tool
However, Smithii was also one of the easiest platforms to use. It is a simple way through which you are able to create your meme coin on Solana. To get started, visit tools.smithii.io.
Step 2: Connect Your Wallet
You will need a crypto wallet to create a token. Popular options are Phantom, and Solflare. To start the creation process, connect your wallet to Smithii’s platform.
Step 3: Set Up Your Meme Coin
Next, you will have to fill in some basic coin details:
- Name: Pick an entertaining and catchy name for your meme coin.
- Symbol: This is a short code just like DOGE is for Dogecoin; it is a representation of your coin.
- Decimals: Choose how many decimals your coin can be split down to (6–9 decimals would be the norm).
- Supply: Determine how many coins there will be.
- Description & Image: Next, write a short description to go along with your coin and upload an image or logo.
Step 4: Add Optional Features
Here are a few features which if incorporated in your meme coin will make it more attractive:
- Social Links: Provide useful information about your coin to help users search the coin on platforms like Twitter and Telegram.
- Multiple Wallet Distribution: Owning only a small percentage of your coins in one wallet helps to prevent any one person from owning too many.
- Vanity Address: Modify your token’s blockchain address to make every token unique.
Step 5: Secure Your Meme Coin
To make your coin trustworthy, you must revoke various permissions prior to launching.
- Revoke Freeze Authority: Prevents you from stopping transactions.
- Revoke Mint Authority: Prevents you from making additional coins.
- Revoke Update Authority: It prevents any changes to the token’s details once it is launched.
Step 6: Click ‘Create Token’
After everything is set up, click the “Create Token” button. In your wallet, you will have to confirm the transaction. The cost to create the token is 0.3 SOL and other features may be more.
How to Launch Your Meme Coin for Trading
Just creating a meme coin is the first step. What will make it tradable is the fact that you create a liquidity pool in which you bask it. Essentially, this involves including your meme coin on a decentralized exchange (DEX) such as Raydium where users can purchase and sell it.
Here is how you can do this using Smithii’s Liquidity Pool tool:
- Go to tools.smithii.io/liquidity-pool/solana.
- Choose the meme coin as a base token.
- You will choose a quote token, this is usually SOL which is a value cryptocurrency.
- You will then add liquidity (you will need to put in your meme coin and SOL to start the price.
Optional: Specify a launch date to release your token at the time you set.
You can also use ‘Sniper’ Feature where you will be the first person to buy and prevent bots from taking away all liquid of your pool.
The Key to a Successful Meme Coin
Making a meme coin is easy, making it valuable is another story. Below are some tips that will increase your coin’s potential of success:
- Build a Strong Community: The more people talk about your coin, the better is.
- Use Social Media: Promoting your coin on Twitter, Telegram and Discord is great.
- Get Influencers Involved: Receiving a shoutout from a big influencer can endear it to the masses.
- Create Excitement: Attract more users using the giveaways, airdrops and contest.
- List Your Coin on Trackers: Users such as Dextools help traders find and research their meme coin.
Conclusion
It is no longer only to experts to create a meme coin. Using tools like Smithii, you can begin to create a meme coin in as little time as possible. But there is also an uphill battle to make it popular. The real driving forces of meme coin success are good marketing, a good social media buzz and a strong community.
So, are you ready to create the next viral meme coin? Start today and see just how far your creativity will go!
