How to Create a Meme Coin

Initial considerations when creating a meme coin

A blockchain asset is a bunch of coding lines deployed on Solidity or Rust, but there are online tools that deploy the code for you; Smithii solves it. Then, you have to create a liquidity pool to make it tradable, so you must select a Dex (decentralized exchange); let’s take the example of Solana and how to create a liquidity pool on Raydium because it is the most popular Dex there.

Let’s make a point about Solana meme coin trading: The popularity increased since pump.fun appears on the scene. It works like a dex allowing meme coin creation, but you will not be the owner; the meme coin is created with a pump.fun ownership and tradable on its platform, when the market cap reaches 100 K, it is migrated to Raydium.

Making the points, let’s jump to create a meme coin on Solana and then launch the liquidity pool on Raydium.

Step by step: How to create a meme coin?

Visit tools.smithii.io and select your blockchain, for example, Solana, then go to token creator: https://tools.smithii.io/token-creator/solana

1. Connect your wallet

2. Select name, symbol, decimals, and supply.

3. Set a description and upload your token image.

Above, we show you mandatory fields, but you should set some optional settings to give authenticity to your meme coin:

4. Social links and tags will be indexed on blockchain explorers, and users can research your meme coin.

Next, let’s go deep into advanced options to customize your meme coin properly. These are optional settings and the choose depends on your own marketing and awareness strategy:

5. Modify Creator info to make your meme coin personalized.

6. Custom address generator to add some vanity to your token

7. Multiple wallet distribution to keep a supply percentage for your own goals on different wallets to avoid a high holding in one wallet

An extra option it to add your token info on Dextools, this is a popular screener used by traders to research for meme coin. Your token will have info on blockchain explorer, but each screener like dextools have paid features to show your token info:

8. Set your links and images to show on dextools.io

The last important thing is to revoke authorities. Solana tokens have three authorities (ownerships). Revoke (renounce) each one to make your meme coin trustworthy.

9. Revoke freeze authority. This mean you can’t prevent the token from being transferable. This is mandatory for creating a liquidity pool.

10. Revoke mint to avoid generating more supply.

11. Revoke update to ensure no one will be able to modify token metadata.

12. Click on create token and accept transactions, your meme coin will be ready in seconds. Make sure to see the cost preview, the base token creation is 0.3 SOL but some features have extra fees.

Launch a Solana meme coin on Raydium

For this we will stay on smithii tools where we find a friendly interface to create a liquidity pool that will be stored on Raydium. Go to https://tools.smithii.io/liquidity-pool/solana 

1. Select the base token; this is your meme coin recently created.
2. Select the quote token, the valuable token such as Solana.
3. Add liquidity supply on each token; it will define your meme coin’s initial price.
4. Optional set launch date
5. Advanced feature: snipe your token; let’s make a point about it:

Sniper your token is a highlight feature that allows you to be the first buyer when your token goes to market, not only to ensure profits but also a recommended action to avoid snipers from exploiting your liquidity.

Final thoughts about meme coin creation

You can create a meme coin on any blockchain and launch it to market quickly and without coding using online tools such as smithii, but what defines the growth of a meme coin and its price is its community, the surrounding marketing, the power of the initial awareness, the influencers and callers talking about it, social engagement, in short, speculation with strong marketing will be the decisive factor when the price of a meme coin grows or, on the contrary, it will be quickly forgotten.

You can explore the smithii tools suite to find some interesting web3 features to empower your meme coin narrative: presales, snapshots, airdrops, vestings, bundlers bot, market makers, and more.