When creating tokens on the Solana chain, it is critical to understand and configure the total issuance and precision. This is not only related to the functional implementation of the token, but also to system performance and user experience. The following content will explain in detail how to correctly set the total issuance and precision of tokens on the Solana chain.
1. Basic concepts of total issuance and precision
Total Issue: Specifies the maximum number of tokens that can be minted during their entire life cycle.
Precision: The smallest unit that a token can be divided into. High precision means that the token can be divided into smaller parts, which is suitable for scenarios where small transactions are required.