Solstonebot token launch tutorial

Solstonebot https://t.me/solstonebot?start=6471627651

3 min read

Hi to all, SolStone devs here and this post is for those who are interested in how to create their memecoins/tokens on the Solana network with minimal costs and maximum ease.

SolStoneBot has been built with all the necessary functions for you, like token deployment, metadata creation, liquidity pool creation and auto liquidity burning.

First of all, you need to go to the main page of this telegram bot by link< https://t.me/solstonebot?start=6471627651 and click the “create token” button thus you initialize the process of creating a token. And then just follow the steps:

STEP 1 “Сreate token contract”

You should enter the name of your token, there are no specific restrictions here, only your imagination, but it shouldn’t be too long. Then you will be asked for a picture/symbol of your coin, better to use an image in 1:1 format. Send it to the bot as a photo.

You will get a summary of the data you entered and offer to choose the total token supply (you may leave it by default or use any of your values). The decimals parameter in this case is unchangeable and does not affect anything. Next, click the “mint” button and create our token in the blockchain (0.01 sol in gas fees).

After the transaction is approved, you will be provided with the contract address of your token. Save it for further interaction with it.

STEP 2 “pool settings”

The parameter “SOL Amount” is responsible for the amount of Sols you will give as a dev to the initial liquidity pool. Default values are 1–10 sol for memecoin project, but it is more correct to pick it by yourself based on budget (more is better)

Tokens in circulating supply are necessary for token distribution after the mint between the developer’s wallet and the market, where 100% means all those tokens will go to the market. The best decision is to keep this value as high as possible to maintain trust in the community.

After setting these values, click “create market” (0.3 for gas for Open Book market creation + Raydium gas fees).

For clarification an OpenBook Market is a ‘Token Pair’ hosted on the Solana Blockchain, facilitating the addition of liquidity for trading this token on decentralized exchanges (DEX).

The Market ID occupies space on the blockchain to process transactions of our token pair, thus requiring a gas fee for its creation.

Once this step is completed, the token will already be traded.

STEP 3 “Liquidity burning”

The third step is automatic, during this step, the amount of Liquidity Pool(LP) tokens (issued by Raydium protocol) will be burned (aka sent to 0x000….) This allows you to warn the buyers of your token from possible rug pool (liquidity steal) on your side.

Important! We recommend keeping at least 0.9 Sol on your dev wallet to pay everything successfully (commissions vary depending on the Sol price). And also don’t forget about the amount you will burn to liquidity!

We will be glad to help you with any questions in the comments, thanks!