How do I make my own meme coin on the Hedera Network? I couldn’t find any instructions or practical advice on YouTube or the web. I noticed that Hexa Social created the meme coin HEXA on Hedera, and it’s available on the HashPack Wallet and SaucerSwap. I want to generate my own Hedera-based meme coin, similar to that or the Hedera-based GripeCoin. What’s the process for creating it?
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When you’re in the HashPack wallet, navigate to “Advanced Tools,” then select “Token Creator Tools,” and choose “New Token.” From there, complete the information to create your token.
Honestly, it’s surprising that there are no detailed how-to tutorials or in-depth guides explaining this process. This is something that HashPack, SaucerSwap, or Hedera should have provided a long time ago! This is marketing 101 and a great way to grow the network.
When you’re in the “Create Token” Basics section, is the “Token Name” where you should enter the full name of your meme coin, such as Hexa Social? Is the “Token Symbol” where you input the ticker symbol, like HEXA?
For the “Token Memo,” should you leave it blank or use it for additional information if needed? For “Decimals,” how many decimal places should you enter; is it typically set to 0 or 2 depending on your preferences?
Regarding “Initial Supply,” how do you specify the total amount of tokens that will be created initially, any tips? And for the “Keys” section, does it refer to the cryptographic keys used to manage and secure your token, and should you provide the necessary key details or generate them as required?
Don’t forget to pick up a few Hexa Social (HEXA) tokens while you’re on the HashPack Wallet and HODL them until meme season starts in mid-February/March! 💰🚀
I don’t know about you, but I’m not selling HEXA until it rockets to $1,000. Anything less is just pocket change! 🚀💰
Yes, the Token Name is the full name of your meme coin; keep it short and unique to make marketing easier. The token symbol or ticker should be about 4 characters, e.g., Hexa Social = HEXA. Leave the Token Memo blank and set the Decimals to 6 or 8. For the Initial Supply, I recommend setting it to 100 million or less. Regarding the Administrative Keys, you could clear them, though it ultimately depends on your needs.
Crafting Your Meme Coin on Hedera with HashPack
Creating your meme token on the Hedera network with HashPack is a straightforward process. Follow these steps to bring your humorous cryptocurrency to life.
1. Set Up Your HashPack Wallet
2. Access Hedera Token Service
3. Design Your Meme Token
4. Manage and Use Your Token
Creating a meme coin on Hedera using the HashPack wallet is straightforward: set up your wallet, ensure you have enough HBAR for fees, and use the Hedera Token Service to launch your token with a catchy name and symbol. Once your coin is live, it’s crucial to market it effectively—set up a Twitter page, create a YouTube channel, and engage with the community by sharing humorous content and updates. This will help build buzz and attract attention, increasing the chances of your meme coin’s success.