Create Your Own Token On Solana - Pump.fun

Welcome back to the channel. I hope you're all having a great day. So today, this is going to be a tutorial video, how to create your own token on Solana. So this is, um, probably going to be one of the easiest tutorials I've, uh, or ways that I'm aware of, um, and that's how to create a cryptocurrency, your own, uh, on Solana, right? You can be the founder of your own project as such. And how we're going to do that is we're going to do it on a site called Pump.fun, right? As in you're pumping your token to the moon, right? Um, so we should leave a link in the description, but when you get on Pump.fun It's going to give you some information. If you come on the main page, there's going to be this button that says start a new coin, right? And it's going to be very easy, uh, to do. And then we're going to also give you some, uh, details that I think are great about creating your token on Pump.fund that doesn't happen on many other token creation, token generating platforms, right? So I'm going to hit start. A new coin. Okay, when I hit start a new coin, it's going to take me to a very simple input interface page where you're going to choose the name of your cryptocurrency, right? You choose your ticker, all very simple stuff. You can put a very brief description about what your product, uh, what your cryptocurrency is going to be about. Now, uh, one of the, the big things on Solana that's driving the value, of course, is meme coins. Whether you like meme coins or not, uh, as I've been negative about them in the past, is with meme coins, they are getting a lot of value initially into these blockchains, into these projects. And, uh, um, and so that's just kind of how things are in cryptocurrency right now. So if you're doing some type of meme coin, like if you don't— you want to start a cryptocurrency, uh, you're not sure what to do doesn't really have to be, uh, you know, obviously with meme coins going to billions of dollars, these cryptocurrencies, uh, don't have to do much of anything. Now, of course, I think that's dangerous down the road, but, you know, people like what they like, right? So you can put a description, um, about what type of, uh, coin you want to create, uh, whatever that might be. And then for the image, you you're just going to choose a, um, a logo, you know, of your choosing, right? Um, now there are very easy-to-use sites like Canva where you can just put something together. Uh, maybe you don't have a logo, maybe you have a photo of yourself or something that's of value to you, important. Uh, some people are putting that. Uh, they might be putting images based on what the cryptocurrency is about, especially if it's a meme coin. And then you're going to come down here, hit create your coin. I'm not going to do it because I've I've already done it and I would need to sync my, uh, my Solana wallet as such. Now, if you're wondering about what type of Solana wallet, uh, or what type of wallet you need to complete the process to send the money from your wallet to Solana blockchain, you're probably going to be considering something like the Phantom wallet. That's P-H-A-N-T-O-M, Phantom, uh, or these, um, the Salar wallet or, um, the Taurus wallet, which is what I like. It's kind of a, a, a web-based, uh, integration wallet, right? The Taurus wallet spelled like Horus, T-O-R-U-S, right? So that's all very, very simple. These things take less, only a few minutes to do, probably less than 5 minutes to do. Uh, now the cost to do that is going to be only 0.02 Solana. So it's one of the cheapest token creation, uh, chains out there. That's roughly gonna cost you less than $2 or so. Now I do want to remind you that Solana is very popular at this point. That's why a lot of people trying to get their cryptocurrency on there as such. And what's happening with that is that you're gonna— we're getting congestion as you can see here. Uh, so don't give up Uh, most of the transactions do fail, which means that you don't lose any money, which is a good thing. I, I never had any, uh, get hung up, right? They just fail and I can do it again. And, uh, well, I wasn't able to do it the first day I tried. I came back the next day and tried it. Everything went through fine. Transactions were completed. This is the easiest way I know, the cheapest way you create uh, uh, generate a token on Solana right now. I just want to add a few more details that might help you along your journey, right? I want to go back to the home page here. Let's do that. Okay, did it take me back? Yes, it took me to the home page. So here's what I want to impart with you all right now. When you create tokens on pump.fun, right, you get gener— basically, uh, your, your cryptocurrency is included in the search engine right now. What you're seeing here is the liquidity, uh, the market cap of these cryptocurrencies. You will be able to, uh, when you're creating your coin, if you wish, buy some of your coins then, uh, um, in, in the liquidity pool, right? You're gonna have like a billion cryptocurrencies. Now what's so cool about the way that the Pump.farm fund interface works is that when you do that, okay, what's going to happen here is that, uh, when you reach about a $76,000 market cap, which is not that hard to do, uh, what's going to happen is they will move you to one of their most active exchanges, Radium exchanges, and, um, What's so awesome about that, guys, is that normally to get on Radium, it'll probably cost you about $1,000, right? It's probably cost you about 4 SOL, which are around about $200 each now, right? And so not your— the market cap, the liquidity going into these, right? Because it's just like an order book here on the site. as we'll show you shortly. Uh, um, just by doing that, uh, let me just put in our ticker quickly here. Okay, I want to get to us in the lineup, right? You can see our market cap. We just started the token like the other day. It's already a $4,000 market cap right now. When it reaches like $76,000 market cap, what's going to happen is we will be sent over to Radium with the liquidity and the cryptocurrency. Uh, we won't— we will be listed on Radium. We won't have to come up with the, uh, the about 4 SOL in liquidity to list, so on and so forth, right? That will all be, uh, uh, done, uh, here through Pump.fun, right? Um, and so that's all awesome stuff, right? Uh, another interesting thing about Pump.fund is that think about that instead of having, you know, like these worthless valuable cryptocurrencies, you don't know if they're going to be good or bad, uh, you don't know if they got liquidity in them or not, uh, these are almost like launchpads basically, pre-sale launchpads if you want to call them that, And so you'll know they have some value when they do hit the exchange, right? What that sets up is it sets up an opportunity for people on this site, right? To basically get in early. And basically what that means is you gotta be able to buy and sell on Pump.fund, no problem. But the thing is you get on the bigger exchanges, right? The more widely traded exchanges, It's gonna set you up to be potentially in a good project, right? Now you got to be careful, and it's not financial advice you should buy them, but there are people who are using sites like Pump.fund to get into some great performing cryptocurrency projects, some great meme coins that are going on to do quite well, and they're making huge returns off of these things because they're getting in so early. They're catching them so early. Remember, these projects are at the genesis of, uh, these projects, right? It's like finding those early venture capitalist projects, right? It's like that, all done through cryptocurrency. So that's awesome stuff. Now this is our project, BitcoinMYK. Yes, we create a cryptocurrency, but if you watch our channel, you know this is a project that we've been, uh, doing a while now. And, uh, right, you know, we've built our community as such. It's a social media site where you can post meme tokens, you can post memes, you could connect with your friends. It gives every member a dividend each month. These are things you can earn the tokens, you can mint the tokens, etc. So it's a real cool social media experience coupled with cryptocurrency. And so that's its use case. And, uh, you know, so hopefully it goes on to become a multi- billion-dollar product like what you get with your Twitters or what you get with your Instagrams and so on, right? So there's a great deal of, we believe, opportunity in that. That said, you can also just mint the cryptocurrency free on the platform, uh, so, uh, participating in it as such. And so, uh, be very careful with starting products and platforms, always keep in mind that probably it's more likely they will fail than succeed. But at least with these products, they are being incubated and to a level where they're going to have liquidity already when they hit, you know, the bigger exchanges and such. So very interesting stuff, very interesting stuff, guys. If you have any questions, feel free to leave it in the comment section if you have any problems getting your token created. We'd be more than happy to try to assist you in some way. If you're not a subscriber to the channel, you want to subscribe, hit that subscribe button, hit that like button, and that lets us know that you're, you're, you're basically not only liking what we're doing but also able to catch our latest informational video should you choose to. But that's all I want to say in this video. Be sure and support BitcoinMYK if you decide to be a, a participator in Pump.fund and you're looking for that next product or project. You might want to take a look at us. It might be something that might interest you. But that's all I want to say in this video. Until next time, as always, take care of yourselves and and each other.