Create your deflationary token
How do I pick a token name?
You can select any name that you prefer; it'll be displayed in Etherscan and will be added to the smart token contract. Choose something that'll fit your brand accurately.
What's the symbol for?
Token symbols represent crypto-tokens which are composed of 2-10 characters (3 symbols are recommended). This symbol appears next to the token in your wallet. Just like bitcoin is represented by BTC, for Ethereum ETH. Pick something unique yet short to describe your token.
What does total supply means?
A limit that is set when creating tokens is called a hard cap. Your total number of tokens can range anything between 1 token to 100 billion tokens.
What are decimal places for?
Just like a dollar can be split into 100 cents, fungible tokens can be split into smaller units as well. It can have upto 18 decimal places. We recommend you to use decimal places upto 18 so a more accurate value of money can be shown.
What is burn rate?
Burn rate refers to the rate at which tokens are burned or destroyed with each transaction. The burn rate is typically a fixed percentage of the transaction value and is designed to decrease the total supply of the token over time.