1) Pre-Requisites

Pre-requisite for getting started

Before you create your standard token on the Ethereum Blockchain and Launch on Uniswap for your venture - Lets make sure you have the following things.

  • Download MetaMask Extension for your Web3 Browser

  • Ensure you've $500 worth of Ethereum for good measure (Interacting with network requires ETH)

  • Understanding of a standard ERC-20 Token

What are ERC-20 tokens?

ERC-20 tokens are tokens designed and used solely on the Ethereum platform. They meet a certain standard and are the minimalist & frequently used version on the ETH chain.

They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto-wallet.

The Ethereum community created these standards with three optional rules, and six mandatory.

Optional

  • Token Name

  • Symbol

  • Decimal (commonly, 18)

Mandatory

  • totalSupply

  • balanceOf

  • transfer

  • transferFrom

  • approve

  • allowance

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