Factory tokens

The Roastery is Kopi's tokenfactory where users can create their own tokens and liquidity pools. Each created token is managed by the so-called wallet. That wallet can execute actions like minting of new tokens, changing metadata like the token's description and and managing the liquidity pool.

Creating a new token

A new token can be created by clicking the button `Create Token` on the Roastery. A pop-up opens with guides the user through the various steps for creating the token.

In the first step, users have to add key information like:

• The token's name will be used when "talking" about the token, for example when putting the name in headline

• The token's ticker symbol will be used when expressing numerical values, for example the token's price or when showing users' wallet funds

• The initial supply, which will be given to the admin wallet

• The token's exponent. Internally, tokens are stored in micro units. In the case of Kopi's utitliy token XKP, users holding 1 XKP are in fact holding 1,000,000 ukopi, i.e. 1 ukopi is the smallest exchange unit of XKP and the exponent is 6 (1 XKP = 10^6 ukopi). Users who don't know what value to put here are advised to keep the standard value of 6.

• The token's category, which can be used to indicate the token's use. Token's create inside the Meme category have to pay a lower creation fee than when using other categories.

• Whether the token will still be mintable after the initial mint.

The second step contains meta-information which can still be changed later:

• A website (optional)

• A description of 256 character maximum

• An image

The third step is regarding creating a trading pool, which can be skipped.