TokenGen:

By Para by EH | Cryptalk                |                                 10 May 2021

decentralize.today are pleased to provide a platform for our Central American friends to allow them to present an exciting new development to our readers

NB: This is an introduction, not a recommendation or endorsement, always do your own research!

TokenGen: the solution you were waiting for to create your BSC tokens easily.


Have you ever had a wonderful idea to create a coin/project, but the Ethereum network high fees never allowed you to undertake it? Then TokenGen is for you. You have just found the exact place to start your crypto project, with the lowest price on the market and with the greatest ease-of-use. All this within the Binance token network (BSC), which currently hosts million-dollar projects such as BakerySwap (NFT collectibles), PancakeSwap (financial NFTs), among others. Take into account that the possibilities within the Binance network are endless and the fees extremely low.

May this be enough inspiration for you to continue reading my article and be encouraged, once and for all, to fulfill your goal of contributing a grain of sand to the crypto ecosystem.

Let's get to the point, what is TokenGen?

It is a very powerful website with a simple graphical interface, oriented to the creation and publication of Smart Contracts (BEP20) within the Binance network (Smart Chain). In addition to this, you can deploy as many contracts you want within the Binance testnet, so you will not have to spend your main network coins and your contract will be as you want to be.

What do I need to create my currency / contract with this tool?

I have divided this question into several parts for your better understanding. Try to do this step by step, including the numerological order:

1. First of all, you need to have Metamask extension enabled in your browser (if you don't know how to download and install it, check this video and your question will be solved). Already having your Metamask address, we will proceed to the next step.

2. You must add Binance Smart Chain Network and the Binance Testnet one to get started. In this tutorial you can find out how to add the Binance testnet; and in this other you will find how to add the main network. Check that you have both networks enabled and, if so, let's move on.

3. Claim some free coins for the Binance testnet. In order to run your test contract, you obviously need to have test coins. It is very easy to get them. You must enter this page, enter your Metamask address and select the Give me BNB option. You will shortly receive the coins you require.

4. We have now our Metamask configured! It is time to enter TokenGen to enter the data of our contract and deploy it satisfactorily.

TokenGen
Automatically generate and deploy BEP20 currency tokens.

5. After pressing the button to create our Smart Contract, you will be able to see the following screen. There are three default options to choose from. Currently only two of them are fully operational given the newest platform. In our case, we chose the Basic Token plan to run our testnet.

TokenGen_Choose_Plan

6. Now you will see all the configurable options for your Smart Contract. From the name of your project to the number of decimal places in which your currency can be divided. In our case, we created a test coin called LogiCoin, whose symbol is $LOG, with a total supply of 777,777,777 coins and an initial quantity of 259,259,259 coins (which represents 33.3% of the total supply). This means that, as soon as the contract is displayed, the amount of 259,259,259 coins will be sent to my Metamask address (yes, the one that hosts the Smart Contract). This is very useful when undertaking a new community project that requires the team to have a pre-mined coins for immediate disposal (ICO, giveaways, among others). When you finish filling in the data, your screen should look like mine and you can proceed to the next step.

7. It's time to review our Smart Contract! In this screen you will be able to observe in detail all the characteristics of your contract, along with the minuscule fees that the site takes. It is extremely necessary that you have your Metamask wallet configured in your browser, along with the appropriate open network, otherwise you will not be able to display your contract. If you missed how to configure your Metamask, roll back to the first step in order to get yours). Also, don't forget to choose Binance Smart Chain - Testnet for the first time (In case you want to run some test before start). After you finished your first one, you can change to Binance mainnet and run again the tool to create your main Smart Contract.

8. Now you must accept the Terms of Use and press the blue Deploy button to create your Smart Contract (this button will be gray and inaccessible if you do not have your Metamask wallet connected within the Binance testnet).

Voilà! Congratulations! You are now the new developer of a Smart Contract and you can move on to the next phase of your project. The Smart Contract has been created and deployed on the Binance testnet, your pre-mined coins were sent to your Metamask address (the same as the contract) and all you need is your interaction. Press the button that says Add to Metamask to see your coins reflected in your Metamask address.

Now you can go to the fourth web address within the previous screen (the last one from bottom to top) and there you will check within the block explorer that the contract has been created satisfactorily.

Within the same block explorer, in the upper right corner, you can enter your Metamask address and check if the pre-mined coins arrived in your wallet. In our case everything went as expected.

I guess you are just as surprised as I am at how quickly you were able to deploy your contract using TokenGen 😍. This is definitely one of the best tools I have seen in a long time (we were able to deploy our contract in less than 20 minutes) and we are now ready to enter the crypto ecosystem as developers.

Now you are so ready to create your first Smart Contract on Binance Smart Chain main network!

I appreciate your reading, and I invite you to ask all the questions that you think are appropriate to clear up any doubts you have regarding the project, until next time! 🙋‍♂️


TokenGen Telegram: https://t.me/tokengennet

Reddit: https://reddit.com/r/tokengen

Follow them on Twitter: https://twitter.com/tokengennet

Resources

  1. https://tokengen.net
  2. https://www.youtube.com/watch
  3. https://medium.com/spartanprotocol/how-to-connect-metamask-to-bsc-testnet-7d89c111ab2
  4. https://bitcoinquirks.com/how-to-setup-binance-smart-chain-network-on-metamask/
  5. https://testnet.bscscan.com/
  6. https://bscscan.com/
  7. https://testnet.binance.org/faucet-smart