Blockchain, the central component of the crypto sector, is where the information on crypto transactions is stored. The performance of the chain in terms of scalability and interoperability suffers when a single chain handles all of these transactions during periods of high traffic.
Popular blockchains like Bitcoin and Ethereum have been handling this issue for some time. Polygon was introduced to the market as the best multi-chain solution for this issue. The Ethereum network's performance lag is fixed via the Polygon Network, a second-layer chain.
The MATIC polygon token, which has outstanding functionality with numerous De-Fi applications, powers Polygon Network. Polygon tokens are quite likely to generate lucrative enterprises in the future that will serve as excellent Business ideas for startups due to their widespread use and distinctive functionality.
Creating a token on the Polygon network is simple, even for those with little programming experience. If you intend to develop your own token on the Polygon network, this article will provide you with comprehensive information on polygon tokens as well as a detailed outline of how to develop them for commercial use.
What is Polygon Token?
Polygon, formerly Matic network, is a framework for building and connecting Ethereum-compatible blockchain networks. Moreover, it enhances Ethereum's scalability and versatility, enabling a multi-chain Ethereum environment.
How to Create a Token on Polygon?
You can understand the process of building a token on a polygon network by following the easy, consecutive procedures described below.
Head to Remix
Creating a smart contract is the first step in creating a polygon token. To achieve it, create and run the program using the integrated development environment remix.
· Go to Remix
· From there, select Contracts from the menu on the left-hand side of the page
· Then, select Create a new contract.
· Next, give your contract a name that is pertinent to your project.
Find the Right Template – You can quickly create a token on the Polygon network using a template. You should go to OpenZeppelin, an open-source platform, to select an appropriate template. Thousands of smart contract templates have been used to launch successful cryptocurrency projects.
Select the Token Template
Follow the steps to select a token template –
· The next step includes selecting a token template from OpenZeppelin.
· After selecting the template, import the file by choosing Share from the menu next to the link in OpenZeppelin.
· After you finish, return to Remix and paste it into the fresh, smart contract you just made.
Create a New Smart Contract
· To create a polygon token, copy the code line from OpenZepplin that specifies the solidity version
· Paste it on the imported file of the picked smart contract template.
· Then, write the name of your token on the constructor line along with the ticker fixed for the token. Ticker represents the token with the four maximum characters.
Compile the Smart Contract
The smart contract must then be assembled and tested for errors.
· Choose the Compiler option and then click on Compile.
· A green tick graphic will appear as a pop-up if there are no bugs when the compilation is finished.
· Choose Deploy & Execute Transaction from the menu beneath the compiler tab.
Deploy Your Token
· You must ensure that Injected Web3 is chosen in the environment tab.
· Also, make sure your MetaMask wallet is linked to the Polygon network before choosing the Deploy option to send your tokens to the wallet.
· After selecting Deploy, click Confirm in your MetaMask to complete the transaction. You have now successfully created your own tokens on the Polygon network.
Why Choose Kuidico?
As the top token development firm, we offer efficient token development services at a reasonable price. We can assist you in creating and launching your crypto tokens on any widely used standard you choose. Visit our site today to book your appointment.
