How to Create Your Own Cryptocurrency on the TON Network

Creating new tokens and cryptocurrencies was a complex task in the early days of blockchain. But new solutions like the TON network now allow you to create functional blockchain tokens without any coding knowledge.

Before we look at the steps involved in creating cryptocurrencies on the TON network, let’s explore the platform itself. The TON blockchain aims to provide fast transaction processing and scalability using a three-layer system: a main blockchain, working blockchains, and shard blockchains.

Main Blockchain

The TON network’s main blockchain stores critical data for the overall blockchain setup, including the number of validators, active blockchains, and the hashes of the most recent blocks. Think of it as the backbone of the entire structure.

Working Blockchains

The TON network uses independent blockchains to perform specific operations. These working blockchains operate independently but remain consistent with the main blockchain. They can utilize different virtual machines, addresses, and transaction formats and manage gas fees using their own tokens.

Shard Blockchains

The network uses shard blockchains to handle transactions for specific sets of addresses. Shard blockchains are key to the TON network’s high capacity and scalability. They achieve this through shard interaction via messaging, smart contract execution, and token transfers. Shard blockchains use the same block format and virtual machines as their parent working blockchains.

In short, the TON blockchain is designed for user-friendliness and fast transactions with minimal fees. It is a Proof-of-Stake blockchain solution.

Steps To Create a Personal Token on the TON Network

Tokens created on the TON network are called Jettons. These are full-fledged cryptocurrencies with unique capabilities running on the TON blockchain. Let’s walk through how to create your own Jettons on the blockchain.

 Step 1: Get a TON Wallet

To create a Jetton, you first need a TON Wallet. There are various types of wallets available. A popular option is Ton Keeper, a non-custodial wallet that gives you control over your private keys and funds. You can securely store, send, and receive TON coins and interact with decentralized applications in the TON ecosystem.

Once you have a wallet, make sure you have at least 2-3 TON tokens to cover in-app purchases. You can add funds to your TON wallet from your bank or buy TON with other cryptocurrencies. After registering with Cryptobot, choose a payment method, specify the amount, and process the transaction. Cryptobot will automatically send the TON to your specified address.

Step 2: Use the Mentor.d.org Platform

New platforms have simplified token creation across several blockchains. Mentor.d.org allows TON users to create personalized digital assets. It offers a user-friendly interface with clear guides on creating TON-based tokens.

Step 3: Fill Out Your Token Details

Token details are the basic characteristics of your token and differentiate it within the blockchain ecosystem. These details are unique and help with identification and classification. Here’s what you need to provide for a new TON token:

Comment: Adding a comment while creating a token on the Mentor.d.org platform is optional. The essence of adding a comment is to provide a brief description of the newly created token.

Name: Provide a unique and memorable name for the blockchain token you want to create.

Ticker: Choose and fill out an abbreviation representing your new token across the blockchain network. For instance, BTC is Bitcoin’s ticker, while ETH is the ticker for Ethereum. Your ticker could be an abbreviation of the token’s name, another variation of the name, or the same as the token.

Number of Decimals: In the space provided, define the number of characters after the decimal point for your new token.

Logo: Upload a logo that represents the token.

Quantity: Under the “Quantity” section, specify the number of tokens you want to release. This would represent the maximum supply of your newly created token.

Step 4: Connect Your Wallet

Mentor.d.org is separate from the TON network, so you need to connect your token to the TON blockchain. Click on the ‘Connect Wallet’ button on the platform to link the website with your wallet. This confirms the token’s creation and allows you to make transactions.

Step 5: Deploy Your Newly Created Token

Token deployment is the final step. Click on the ‘Deploy Token’ button on the website and check your wallet for new transactions. Confirm the transaction to complete the process.

Using Your New TON Token

Once you complete these steps, your new TON token enters the blockchain ecosystem. You can use it for various purposes, such as transferring it to friends and partners or managing blockchain projects.

You can also use your tokens to enhance the internal economy of blockchain solutions. Reward users or incorporate them into promotions or programs. This allows you to explore the benefits of blockchain technology, such as decentralization and personal control. You can verify your token’s availability using a Ton Explorer like tonscan.org.

Secure Your Tokens

Take strong security measures to prevent the abuse and exploitation of your tokens. Protect your private keys and avoid sharing them with unauthorized parties.

Promote Your New Tokens

Unless you created your token just for fun, you’ll want to share it with others. Creative and effective promotion is essential. Blockchain tokens gain more value when the community adopts and uses them.

Many successful token promoters use social media platforms like X (formerly Twitter), Facebook, and LinkedIn to reach crypto communities. Consider a similar approach to promote your new TON token.

You can also participate in crypto forums and discussions to advertise your tokens (if the rules allow). This will help you gain attention among crypto users.

Attracting partners for your newly created token could be a viable means of promoting it. While some could be mainstream establishments adopting the token for transactions or using it for rewards and incentives, others could promote the tokens by recommending them to their followers.

Continuous development is fundamental in promoting a crypto token and sustaining its viability. Hence, you need to keep up with the latest trends and evolution in the crypto industry and ensure that your token remains relevant at all times.

Conclusion

Creating a blockchain token on the TON network could be exciting and rewarding. Considering the simplified token creation processes available in the blockchain industry, users may adopt the process as a learning curve or to fulfill a long-term desire to create blockchain products. It offers the chance to build a personal economy that can integrate with your existing business.