Issuing your own token is becoming increasingly popular for community management, building unique economic ecosystems, NFTs, in-game currencies, and more. This article provides a beginner-friendly overview of how to issue tokens on major blockchains, including but not limited to Ethereum.
1. What Is a Custom Token?
A custom token is a digital asset issued on a blockchain.
Main use cases include:
- Community currencies
- NFTs (Non-Fungible Tokens)
- In-game currencies
- Crowdfunding or point systems
2. How to Issue Tokens on Major Blockchains
2-1. Ethereum
Features
The largest smart contract blockchain, with well-established standards like ERC-20 (fungible tokens) and ERC-721 (NFTs).
How to Issue
- Set up a wallet (e.g., MetaMask)
- Write a smart contract in Solidity (templates available)
- Deploy via Remix or similar development environments
- Pay gas fees in ETH
Pros
Cons
- Gas fees can be high
- Some programming knowledge required
2-2. Binance Smart Chain (BSC)
Features
Ethereum-compatible with lower fees. Uses BEP-20 standard.
How to Issue
- Use MetaMask + Remix to deploy a Solidity contract
- Requires a small amount of BNB for gas
Pros
- Low gas fees
- Growing DeFi and NFT ecosystem
2-3. Solana
Features
Fast and low-cost, gaining popularity. Uses SPL Token standard.
How to Issue
Pros
- Very low transaction fees
- High scalability
2-4. NEM
Features
No programming required; tokens (called “mosaics”) can be issued through a user-friendly interface.
How to Issue
- Use NanoWallet for GUI-based issuance
- Requires XEM (fees are low)
- Obtain a namespace, then create a mosaic
Pros
- Extremely beginner-friendly
- Detailed settings available
2-5. Waves
Features
Easy issuance from the official wallet. Tokens are called “Waves Tokens.”
How to Issue
- Use Waves.Exchange for GUI-based issuance
- Requires WAVES (about 1 WAVES for issuance)
Pros
- No programming required
- Can be traded immediately on the exchange
2-6. Polygon
Features
Ethereum-compatible with much lower gas fees.
How to Issue
- Same steps as Ethereum (ERC-20, etc.)
- Requires MATIC
Pros
- Leverage existing Ethereum knowledge
- Low transaction costs
2-7. Token Creation Services
Features
Online services allow you to issue tokens with zero coding.
Examples
- MetaMask’s TokenFactory
- OpenSea Studio (for NFTs)
Pros
- Guided, user-friendly process
- No programming required
Cons
- Limited customization
3. Comparison Table
| Blockchain/Method | Difficulty | Requirements | Fees | Customizability | Liquidity/Recognition |
|---|---|---|---|---|---|
| Ethereum (ERC-20, etc.) | Medium-High | ETH, Wallet, Programming | High | High | Very High |
| BSC (BEP-20) | Medium | BNB, Wallet, Programming | Low | High | High |
| Solana (SPL Token) | Medium | SOL, CLI | Low | High | High |
| NEM (Mosaic) | Low | XEM, NanoWallet | Low | Medium | Medium |
| Waves (Waves Token) | Low | WAVES, Wallet | Low | Medium | Medium |
| Polygon (ERC-20, etc.) | Medium | MATIC, Wallet | Low | High | High |
| Token Creation Services | Low | Wallet, Service Fee | Varies | Low-Medium | Varies |
4. How to Choose the Right Blockchain
- For simplicity: NEM, Waves, or token creation services
- For global liquidity: Ethereum, BSC, Polygon, Solana
- For NFTs: Ethereum, Polygon, Solana, OpenSea Studio, etc.
- For advanced customization: Ethereum, BSC, Solana
Conclusion
The best blockchain for issuing your own token depends on your goals, technical skills, and budget.
Do you prioritize simplicity or flexibility? Cost or liquidity?
Choose the chain that best fits your project.
For the latest details and step-by-step guides, always check each blockchain’s official documentation and community resources.
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