In this chapter, you are going to learn how to create a token on top of Ethereum. Tokens have a variety of uses; it may be for local currency in a local community, it may represent a physical good, it may be virtual money in a game, or it may be loyalty points. With this token, you can build a new cryptocurrency. While Ethereum is a cryptocurrency itself, you can build a new cryptocurrency on top of it. Ethereum makes it far easier to create a new token, and this fueled the creation of many new cryptocurrencies in 2017.
This chapter will cover the following topics:
- How to create a simple token smart contract
- ERC 20 (Ethereum token standard)
- How to sell your token
- How to customize your token