Token Basics
Understanding different token types and their use cases on TokenFabric
Understanding Token Types
Before creating your digital asset on TokenFabric, it’s important to understand the different token types available and choose the one that best fits your project.
Token Standards
ERC20 Tokens
Best for fungible assets like:
- Cryptocurrencies
- Utility tokens
- Reward points
- Financial instruments
Characteristics:
- All tokens are identical
- Divisible units
- Easy to trade
- Wide compatibility
ERC1155 Tokens
Ideal for unique assets like:
- Digital collectibles
- Gaming items
- Membership passes
- Event tickets
Characteristics:
- Can be unique or semi-fungible
- Multiple items in one contract
- Gas efficient
- Batch transfers
TokenFabric simplifies creation of both standards with no coding required.
Choosing Your Token Type
Use Case Analysis
-
ERC20 Best For:
- Payment systems
- DeFi applications
- Community tokens
- Loyalty programs
-
ERC1155 Best For:
- Digital art
- Gaming assets
- Access passes
- Mixed collections
Token Properties
Basic Properties
-
Name & Symbol
- Choose memorable names
- Use clear symbols
- Check availability
- Consider branding
-
Supply Options
- Fixed supply
- Mintable
- Burnable
- Maximum caps
Advanced Features
-
Token Utilities
- Access rights
- Voting power
- Reward mechanisms
- Platform benefits
-
Trading Features
- Transfer restrictions
- Trading pairs
- Liquidity options
- Price mechanisms
Creating Tokens on TokenFabric
ERC20 Creation
-
Basic Setup
- Token name
- Symbol
- Initial supply
- Distribution plan
-
Advanced Options
- Minting rights
- Burning options
- Trading settings
- Curve selection
ERC1155 Creation
-
Collection Setup
- Collection name
- Metadata
- Item types
- Supply per item
-
Item Configuration
- Individual properties
- Rarity levels
- Transfer rules
- Pricing structure
Best Practices
Token Design
-
Planning
- Define clear purpose
- Consider scalability
- Plan distribution
- Set parameters
-
Implementation
- Test thoroughly
- Start small
- Monitor activity
- Adjust as needed
Take time to plan your token economics. Changes after launch can be difficult or impossible.
Common Questions
Token Management
Launch Preparation
-
Documentation
- Clear description
- Use cases
- Technical details
- Distribution plan
-
Community Building
- Engage users
- Gather feedback
- Build awareness
- Create value
Ongoing Management
-
Monitoring
- Track distribution
- Monitor trading
- Gather metrics
- Adjust strategy
-
Development
- Add utilities
- Improve features
- Expand use cases
- Build partnerships
Next Steps
Continue learning about:
Ready to Create?
Start creating your token with TokenFabric’s intuitive interface →
Quick Reference
Token Creation Checklist
- Define token purpose
- Choose standard
- Plan economics
- Set parameters
- Test thoroughly
- Launch strategy
- Monitor performance
Keep this guide handy as you plan and create your token on TokenFabric.