How to Create Your Own Crypto Token - Crypto Academy / S5W2 - Homework Post for @reddileep

_{Made in Canva}

Token

Coin

The process to creating a new MetaMask wallet starts from the official website https://metamask.io/. And from the homepage, select Download at the top of the page to download the extension. As such, on the next interface, I selected Install MetaMask for Chrome. See the screenshots below.

_{Select- Download | Source-MetaMask}

_{Select- Install MetaMask for Chrome | Source-MetaMask}

On the store page, I clicked the Add to Chrome button and confirmed the Add Extension on a popped-up window. See the screenshots below.

_{Select- Add to Chrome | Source-MetaMask}

_{Select- Add Extention | Source-MetaMask}

To create a new wallet on MetaMask, I selected the extension at the top of the page. The extension is opened now, and I selected the Get Started button to proceed. On the next interface, I chose to Create a wallet. See the screenshots below.

_{Select- Get Started | Source-MetaMask}

_{Select- Create a wallet | Source-MetaMask}

On the next interface, I agreed to the terms of use which was followed by creation of password and then, hit the create button. See the screenshots below.

_{Select- Agree on | Source-MetaMask}

_{Select- Create | Source-MetaMask}

It's time to backup the recovery phrase, I clicked to reveal the secret, wrote the secrets down, and clicked on the Next button. See the screenshots below.

_{Select- Reveal Secret | Source-MetaMask}

_{Select- Next | Source-MetaMask}

On the next interface, I am required to input the secret words in order, I did that and clicked the Confirm button. The wallet setup was completed. See the screenshots below.

_{Select- Confirm | Source-MetaMask}

_{Wallet is Ready | Source-MetaMask}

To add the Binance Smart Chain Mainnet to the MetaMask wallet, the process starts by selecting the network's drop-down button at the top of the page, then selected Add Network.

_{Select- Add network | Source-MetaMask}

Now at the network-adding page, below are the inputs in the quest to add the Binance Smart Chain Mainnet;


Network Name: Binance Smart Chain Mainnet.
New RPC URL: https://bsc-dataseed.binance.org or https://bsc-dataseed1.ninicoin.io. (I opt for https://bsc.dataseed1.ninicoin.io).
Chain ID: 56.
Symbol: BNB.
Block Explorer: https://bscscan.com.

_{Select- Save | Source-MetaMask}

I've been able to add the network, Binance Smart Chain Mainnet.

_{Smart Chain Added | Source-MetaMask}

To deposit BNB into the newly added Smart Chain wallet, I launched my BNB wallet from an exchange, inputted the address, amount (0.027 BNB ~ $16) to be sent excluding withdrawal fee and confirmed the withdrawal.

_{BNB withdrawal | Source- Binance}

_{Smart Chain Balance | Source-MetaMask}

The first step is visiting https://docs.binance.org/ and on the landing page, under the table of content, I selected BEP 20 Asset which was followed by selecting the option Issue BEP20 on the details of BEP20.

_{Select- BEP20 Asset | Source-https://docs.binance.org/}

_{Select- Issue BEP20 | Source-https://docs.binance.org/}

On the next interface, I scrolled down to locate the ...the contract code from the BEP20 token template and hit here button. By so doing, the contract code was downloaded to my PC and ready for use.

_{Select- Here | Source-https://docs.binance.org/}

The process starts by visiting https://remix.ethereum.org/. Let's take a look at what the landing page looks like.

_{Remix IDE landing page | Source-https://remix.ethereum.org/}

Now to the creation of a new file under Contract, I right-clicked and selected the option New File. Also, I renamed the file to BEP20 Token.sol, basically, BEP20 Token is the name of the file. Let's see the screenshots below.

_{Select- New file | Source-https://remix.ethereum.org/}

_{Rename- BEP20 Token | Source-https://remix.ethereum.org/}

I opened the contract code, BEP20 Token Template downloaded earlier, using my PC's notepad.

_{BEP20 Token Template | Source- PC's Notepad}

I copied the contract code from the notepad above and pasted it into the new file created on the web Remix IDE.

_{BEP20 Token Contract Code | Source-https://remix.ethereum.org/}

name: This is the name of the token we are about to create. Every cryptocurrency has names like Ethereum, Bitcoin, Algorand and so on, likewise, in the line of the code, we have to assign a distinctive name for the new project.
symbol: Symbol in this context simply means the short form of representing the token. For example, the symbol for Bitcoin is BTC, Binance Coin is BNB and so on, in this case, it's important to add a preferable symbol for the new token we are about to create.
decimals: Decimals is also a very important feature to consider in this context, which simply means the least fragmented quantity of the token that could be purchased, in order words, how the token can be divisible. For example, a token with 18 decimals means if one can't afford a whole of the token, one can still buy its fragments up to 0.000000000000000001 (18 decimals).
totalSupply: Total supply simply means the total quantity of the tokens that would be created and made available at this particular time.

_{BEP20 Token Contract Code | Source-https://remix.ethereum.org/}

name: "Vanguard";
symbol: "VGD";
decimals: 18;
totalSupply: 10000000 * 10 ** 18;

_{BEP20 Token Contract Code | Source-https://remix.ethereum.org/}

_{Compile BEP20 Token | Source-https://remix.ethereum.org/}

_{Deploy | Source-https://remix.ethereum.org/}

_{Project details | Source-https://remix.ethereum.org/}

I launched the MetaMask wallet and on the account, I explored the options and selected Connected sites.

_{Source- https://remix.ethereum.org/ and MetaMask}

On the next interface, I selected the Manually connect to the current site button.

_{Source- https://remix.ethereum.org/ and MetaMask}

From the wallet, I clicked the Next button and confirmed the connection. See the screenshots below.

_{Source- https://remix.ethereum.org/ and MetaMask}

_{Source- https://remix.ethereum.org/ and MetaMask}

I've been able to connect MetaMask wallet with Remix IDE. Now on Remix IDE Environment's section, I switched to Injected Web3. See the screenshots of the process below.

_{Source- https://remix.ethereum.org/}

_{Source- https://remix.ethereum.org/ and MetaMask}

At this stage, I clicked the deploy button, the estimated gas fee is 0.00786593 BNB and I confirmed the transaction on the MetaMask wallet.

_{Source- https://remix.ethereum.org/ and MetaMask}

_{Source- https://remix.ethereum.org/}

To start the import process, I launched my MetaMask wallet and at the bottom of the page, I selected Import tokens, and on the next interface, I pasted the Contract address. The symbol and the decimals surfaced automatically, and I clicked the Add Custom Token button. See the screenshots below.

_{Select- Import Tokens | Source- MetaMask}

_{Select- Add Custom Token | Source- MetaMask}

On the next interface, my token surfaced with the total supply of 10 million VGD tokens and I clicked the Import Tokens button to confirm the adding process. See the screenshots below.

_{Select-Import Tokens | Source- MetaMask}

_{VGD Token Imported | Source- MetaMask}

_{Tokens | Source- MetaMask}

_{Source- https://remix.ethereum.org/}

_{Source- https://remix.ethereum.org/}

_{Source- https://remix.ethereum.org/}

_{Source- https://bscscan.com}

_{Source- https://bscscan.com}

Written by;
@fredquantum