Step-by-Step Process of Creating a Token on Ethereum, BSC & Solana

If you’re here, then you’re undoubtedly looking forward to creating a token, aren’t you? Absolutely, but did you know which is the ideal token development platform? How to make your own token? Well, no worries, Technoloader is here to streamline your token development successfully.

Since there are numerous cryptocurrency blockchain platforms available, you might be wondering which one can be your ideal one. So, by considering all the pros and cons and other key aspects, we’ve chosen Ethereum, BSC, and Solana as the ideal token platform. 

In this fast-paced crypto world, these are some great options that you’ll surely love. With a strong developer environment, low cost, high speed, and high-throughput applications, these platforms will ensure you can create a safe and secure token. 

So, without looking further, let’s dive into in-depth information related to the step-by-step process of creating a token on ERC-20, BEP-20, and SPL. From setting up your wallet to deploying your token on mainnet and even listing it for trading, this guide will give you everything you need to bring your idea to life. 

What is a Token? 

A token is a type of digital asset that is typically built on an existing blockchain, unlike a coin, which requires its own blockchain. 

Tokens further represent ownership of an asset, provide utility within a platform, and often serve as a form of digital value or a proxy for ownership of other assets. 

For example: 

• Tokens on Ethereum follow the ERC-20 standard. 
• Tokens on BSC follow the BEP-20 standard. 
• Tokens on Solana follow the SPL standard. 

However, if we compare it with a crypto coin, then:

• Coins have their own blockchain, while tokens are built on top of an existing blockchain. 
• Coins are used mainly as a medium of exchange or network gas, while tokens can represent any utility, asset, or right within a project. 
• Coins require building and maintaining a full blockchain network, whereas tokens are faster and cheaper to create, which only requires a smart contract. 

Choosing the Right Blockchain: Ethereum vs BSC vs Solana

Once you have learned what tokens are, it’s time to uncover the core difference between Ethereum, BSC, and Solana. By simply understanding their core difference, you will be able to choose the right blockchain for your token.

1. Ethereum:

If you’re looking for a platform on which you can easily create a token via smart contracts, then Ethereum is the ideal platform for you. Unlike Bitcoin, which generally uses its own blockchain, this platform also supports other applications and digital assets significantly. However, most DeFi apps, NFTs, and major tokens are built here. 

Pros: 

• Large developer community and ecosystem
• Impressive security and battle-tested
• Wide adoption that almost supports all wallets and exchanges. 

Cons: 

• Comparatively higher gas fees than other chains
• Slow transaction speed compared to Solana

If you want a platform that you can trust, enjoy the benefits of ultimate security, and want exposure for your token, then Ethereum is the ideal choice for you. 

2. BSC (Binance Smart Chain):

BSC, also known as Binance Smart Chain, is an amazing platform for those who want their tokens’ functions, like transfers and balance tracking. This is fast and cost-effective and widely renowned for being cheaper and faster while staying competitive with Ethereum. 

Pros: 

• Very low transaction fees
• High speed generally takes 3-5 seconds per block
• Easy to use if you are already familiar with Ethereum development. 

Cons: 

• Slightly more centralized than Ethereum
• Smaller ecosystem

Choose BSC only if you want low-cost token creation and faster transactions for your users. 

3. Solana:

For those seeking a fast, scalable, and budget-friendly blockchain environment, Solana is a great option for your token creation. It typically utilizes the Solana Program Library standard and smoothly processes thousands of transactions per second.

Pros: 

• Ultra-fast transaction
• Extremely low fees
• Great for gaming, NFTs, and DeFi projects needing scale

Con: 

• Less developer support compared to Ethereum
• Occasional network outages in the past

Quick Comparison Table: 

Feature	Ethereum	BSC	Solana
Transaction Speed	~12-15 TPS	~30-60 TPS	65,000+ TPS
Average Fee	$2 – $15	$0.05 – $0.30	<$0.01
Security	Highest	High	High
Best For	DeFi, high-value tokens	Low-cost projects, DeFi clones	Scalable apps, NFTs, and gaming

Prerequisites Before You Start

Before creating a token, here are crucial things you need to be aware of:

1. Define the Token’s Purpose: Firstly, you need to identify what problem your token solves and its specific utility within your project or ecosystem. 
2. Choose the Right Blockchain: Next, you need to select the blockchain based on your project’s requirements, considering factors like cost, speed, and community support. 
3. Understand Legal Requirements: Confer with a legal expert to verify whether your token is a utility token or a security token, which requires more stringent legal compliance. 
4. Secure Funding: Determine how your project will be funded, as a token launch often requires capital for development, marketing, and liquidity.

Creating a Token on Ethereum (ERC-20 Standard)

Those who have chosen Ethereum as their blockchain platform are required to follow this step-by-step process accordingly: 

Step 1: Set Up Your Wallet:

Install MetaMask – Create a wallet, back up your seed phrase, and connect to the Ethereum testnet – Get free test ETH from a faucet to cover gas fees during testing. 

Step 2: Write the Smart Contract:

ERC-20 tokens are simply smart contracts written in Solidity. Here’s the basic structure you will need to follow:

• Name & Symbol: The public name and short ticker
• Total Supply: The number of tokens you want to mint initially.
• Functions: transfer, approve, transferForm, balanceOf, allowance. 

You can also use OpenZeppelin’s ERC-20 template to make this easier and safer, which leads to battle-tested, secure code you can customize. 

Step 3: Compile & Deploy Using Remix:

• Open Remix IDE
• Paste your ERC-20 contract code.
• Compile it using the Solidity compiler.
• Under “Deploy & Run,” choose “Injected Web3” to connect to MetaMask. 
• Deploy the contract; herein, MetaMask will ask you to approve the transaction.

Step 4: Verify the Contract on Etherscan:

Once deployed, you will get a contract address. So, go to Etherscan and search for your contract address. Once you find it, use verify & publish to upload your source code. This makes your contract transparent and easier for others to trust. 

Step 5: Add Token to Wallet & Test:

In this step, you generally need to open MetaMask and import tokens. Paste your token’s contract address to see it in your wallet, and lastly, test it by sending a small amount to another wallet. Thus, consider checking whether the transfer is working as expected. 

In the end, you can have a fully functional ERC-20 token running on the Ethereum testnet. Once you’re confident it works, repeat this process on the Ethereum mainnet by using the real ETH. 

Creating a Token on BSC (BEP-20 Standard)

Now, coming onto the Binance Smart Chain, it is one of the most popular blockchains for creating tokens due to its fast, cheap, and Ethereum-compatible nature. Typically, tokens on BSC follow the BEP-20 standard, which works similarly to Ethereum’s ERC-20 standard. The process is generally the same, but let’s have a look: 

Step 1: Set Up MetaMask for BSC:

To begin with your token, first, you are required to install MetaMask. If you’ve already done it, then don’t. Here, MetaMask is usually connected to Ethereum, so you’ll need to add the BSC network manually. For this, you will need to fill in the network name, RPC URL, Chain ID, symbol, and block explorer, and switch your wallet to the BSC network.

Step 2: Write Your BEP-20 Smart Contract: 

Next, you will be required to write down your BEP-20. It is almost identical to ERC-20, so you can often use the same Solidity code. Define:

• Token name
• Symbol
• Total supply
• Decimals

Use OpenZeppelin’s BEP-20 template to make it secure and error-free. 

Step 3: Compile & Deploy on Remix:

• Open Remix IDE.
• Paste your BEP-20 contract code. 
• Compile the contract. 
• Connect Remix to MetaMask and choose “injected Web3.” 
• Click Deploy – MetaMask will pop up – Confirm the transaction. 

Step 4: Verify Contract on BscScan: 

After you’re done with compiling & deploying on Remix, next you’re required to verify the contract on BscScan. Once deployed, copy your contract address, go to BscScan, and use verify and publish to upload your source code. This step makes your token contract transparent and trusted by users. 

Step 5: Add Token to MetaMask & Test: 

In MetaMask, click Import Token and paste your contract address. Your token balance will appear in MetaMask. Try sending a small amount of tokens to another wallet to verify that transfers work correctly.

Lastly, you can now have a thoroughly working BEP-20 token deployed on Binance Smart Chain. It will be compatible with all BSC dApps, PancakeSwap, and most wallets. 

Creating a Token on Solana (SPL Token)

If you’re planning to build your token on Solana, then you will gain the advantage of fast, cheap, and perfect DeFi, gaming, and NFT-related ecosystems.

Step 1: Set Up Your Solana Environment:

1. Install Rust: Solana tools rely on Rust. 

curl –proto ‘=https’ –tlsv1.2 -sSf https://sh.rustup.rs | sh

2. Install Solana CLI – Official tool to interact with the Solana blockchain. 

sh -c “$(curl -sSfL https://release.solana.com/stable/install)” 

3. Install SPL Token CLI – Needed for token creation and management. 

cargo install spl-token-cli 

Step 2: Create a Solana Wallet: 

•  To generate a new wallet, use the Solana CLI.

solana-keygen new –outfile ~/my-wallet.json  

• Set it as your default wallet: 

solana config set –keypair ~/my-wallet.json 

Step 3: Fund Your Wallet:

A small amount of SOL is needed for network fees. 

• On devnet: 

Solana airdrop 2

• On mainnet, purchase SOL from an exchange and transfer it. 

Step 4: Create the Token: 

Run the following command to create your SPL token: 

spl-token create-token 

You’ll get a token address; thus, it is your token’s unique identifier. 

Step 5: Create a Token Account (Wallet for the Token):

To hold your new token, create an associated account: 

spl-token create-account <TOKEN_ADDRESS>

Step 6: Mint Tokens: 

Mint a supply of your token in your account: 

spl-token mint <TOKEN_ADDRESS> <AMOUNT> <ACCOUNT_ADDRESS>

Step 7: Set Token Metadata: 

To add the name, symbol, logo, and decimals, you will require the Metaplex Token Metadata program. 

However, you must know that metadata JSON contains details about your token.  

Step 8: Verify & Use Your Token: 

Check token details: 

• spl-token accounts
• spl-token supply <TOKEN_ADDRESS>

Now your SPL token can be:

• Added to Solana wallets
• Listed on Solana DEXes
• Integrated into dApps or DeFi protocols. 

It might sound complicated, but all you need to do is install Solana tools. Create a wallet, fund it, and create a token: set up a token account, mint supply, set metadata, and then deploy and use. 

Testing & Auditing Your Token

Testing and auditing are absolutely critical before you launch your token to the mainnet. So, here are the key things you need to keep in mind: 

Importance of Testnet First: 

Before it goes, always deploy your token on a testnet. This lets you check supply, transfers, burn/mint functions, and integration without risking real money. 

Smart Contract Security Audits: 

Even with no-code tools, your token runs on a smart contract. Security audits are manual by professionals or automated scanners like MythX, Slither, or Certora that help catch vulnerabilities. 

Other common vulnerabilities to avoid: 

• Reentrancy attack
• Integer overflow/underflow
• Unprotected admin functions. 

Deploying to Mainnet

While examining your token on testnet, if your token works perfectly, then you can launch it for real: 

• Switching Networks: In MetaMask/Phantom, change from testnet to the mainnet.

• Funding Your Wallet: Deposit real ETH, BNB, or SOL to your wallet, which is enough to cover gas fees for contract deployment.

• Final Deployment & Verification: Use your chosen no-code tool to deploy on mainnet. And after the deployment:
  • Save the contract address.
  • Verify the contract on Etherscan/BscScan or publish metadata on Solana Explorer. 
  • Add the token manually to your wallet for easy access. 

Listing & Marketing Your Token

Hence, creating a crypto token is just a one-step process; getting people to use it is the real task. 

Listing on DEXs: 

• For Ethereum – Uniswap
• For BSC – PancakeSwap
• For Solana – Raydium

You’ll be required to create a liquidity pool by simply pairing your token with ETH/BNB/SOL or with a stablecoin like USDT/USDC.

Community Building: 

A successful token varies on trust and hype, so choose to build your community on platforms like X, Telegram, or Discord. Share all the potential updates, use giveaways, and create a clear roadmap. 

Cost Breakdown

Lastly, if we talk about the cost of creating a token, then this basically depends on the blockchain:

1. Ethereum:

• Token creation (no-code): $50-$500
• Gas fees: In 2025, deployment will generally cost you between $10 and $50. 
• Pros: Most secure, largest ecosystem.
• Cons: Higher costs. 

2. BSC (BNB Chain): 

• Token creation: $30-$200.
• Gas fees: Very cheap, usually less than $1-$5.
• Pros: Affordable 
• Cons: Less decentralized than Ethereum. 

3. Solana:

• Token creation: $10 and $100.
• Gas fees: Extremely cheap
• Pro: High speed and low cost. 
• Cons: The ecosystem is smaller than EVM chains. 

Final Thoughts

To conclude, in this blog post, we have discussed all the essential information related to the process of creating a token on blockchains like Ethereum, BSC, and Solana. 

However, in 2025, launching a token is easier than ever, but success isn’t just about deployment. You need to implement the best solutions and latest techniques, all while ensuring a seamless user experience that is truly worth the money. 

Lastly, to maximize your token adoption, ensure you provide users with a well-audited, transparent, and legally compliant token.