Bitcoin Forum

Hi

Anybody can share with me on guide of how to create a new token in Ethereum?

how token factory works?

What is the difference between token factory and develop your own smart contract?


Thanks

A 3-second Google search query gave me these guides. Check them out.

https://blockonomi.com/create-ethereum-token/
https://hackernoon.com/create-your-own-ethereum-token-bfa6302084da

Hopefully you're doing this solely for knowledge purposes.

First of all, you have to learn coding using 'Solidity' then use this amazing platform that will help you build apps in the top of ethereum : https://ethereum.org/build/

Any token built in EVM is indeed a smart-contract that defines the caracteristics and functionalities of the token. Once the smart-contract is lunched in ethereum Mainnet, it can't be modified or deleted; that's why you have to learn soldity coding at deep levels if you want to develop the token by yourself, or hire a coder or buy the service from token factories.
I can't garante you that all token factories are trusted, as if you are not a programmer you will never know what's written in the contract. So you may use a token creation service + audit and hire coders to try it and check for potential vulnerabilities.

I found this guide as well
https://steemit.com/ethereum/@maxnachamkin/how-to-create-your-own-ethereum-token-in-an-hour-erc20-verified

It is very easy and fast to create your own token. But it will be worthless,  unless it has any use case.