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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.

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Token Standards

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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

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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.

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Choosing Your Token Type

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Use Case Analysis

  1. ERC20 Best For:
    • Payment systems
    • DeFi applications
    • Community tokens
    • Loyalty programs
  2. ERC1155 Best For:
    • Digital art
    • Gaming assets
    • Access passes
    • Mixed collections

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Token Properties

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Basic Properties

  1. Name & Symbol
    • Choose memorable names
    • Use clear symbols
    • Check availability
    • Consider branding
  2. Supply Options
    • Fixed supply
    • Mintable
    • Burnable
    • Maximum caps

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Advanced Features

  1. Token Utilities
    • Access rights
    • Voting power
    • Reward mechanisms
    • Platform benefits
  2. Trading Features
    • Transfer restrictions
    • Trading pairs
    • Liquidity options
    • Price mechanisms

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Creating Tokens on TokenFabric

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ERC20 Creation

  1. Basic Setup
    • Token name
    • Symbol
    • Initial supply
    • Distribution plan
  2. Advanced Options
    • Minting rights
    • Burning options
    • Trading settings
    • Curve selection

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ERC1155 Creation

  1. Collection Setup
    • Collection name
    • Metadata
    • Item types
    • Supply per item
  2. Item Configuration
    • Individual properties
    • Rarity levels
    • Transfer rules
    • Pricing structure

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Best Practices

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Token Design

  1. Planning
    • Define clear purpose
    • Consider scalability
    • Plan distribution
    • Set parameters
  2. 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.

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Common Questions

Consider:
  • Asset type (fungible vs unique)
  • Use case requirements
  • Trading needs
  • Platform compatibility
Some properties are permanent:
  • Token standard
  • Name and symbol
  • Contract features
Others may be adjustable based on setup
Key steps:
  • Use TokenFabric’s audited contracts
  • Test thoroughly
  • Set appropriate permissions
  • Monitor activity

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Token Management

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Launch Preparation

  1. Documentation
    • Clear description
    • Use cases
    • Technical details
    • Distribution plan
  2. Community Building
    • Engage users
    • Gather feedback
    • Build awareness
    • Create value

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Ongoing Management

  1. Monitoring
    • Track distribution
    • Monitor trading
    • Gather metrics
    • Adjust strategy
  2. Development
    • Add utilities
    • Improve features
    • Expand use cases
    • Build partnerships

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Next Steps

Continue learning about:
  1. Understanding bonding curves →
  2. Token metrics and analysis →
  3. Asset management →

Ready to Create?

Start creating your token with TokenFabric’s intuitive interface →

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Quick Reference

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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.