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What is the cheapest way to make your own token at the moment?

ERC-20

I want to create a token as cheaply as possible. Someone made a blog post where it cost 30 USD to launch the token but I'm looking for a cheaper way to do it. Raiden? Any other way?

Vesa

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  • If you want a cheap ERC20 token I'd use UET token etherscan.io/address/….
    – Ismael ♦
    Oct 12, 2017 at 16:08
  • These are the warnings from that link: Warning: The compiled contract might be susceptible to DelegateCallReturnValue (low-severity), ECRecoverMalformedInput (medium-severity), SkipEmptyStringLiteral (low-severity) Solidity compiler bugs.
    – Vesa
    Oct 13, 2017 at 8:13
  • The warnings are for the compiler they used, if you use solidity compiler v0.4.15 they will not show up. With every new compiler released etherscan display the potential bugs in contracts compiled with the older versions. But do not take my word before deploying you have to make a security review. For example UET has a workaround for the short address attack, but OpenZeppelin has removed their because it causes other problems, so I'd remove that part.
    – Ismael ♦
    Oct 13, 2017 at 16:54

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At this very moment, it would take a gas price of about 80 gwei to cost $30 for a standard ERC-20 token.

I would suggest you lower that to about 21 gwei, which is about average for a quick confirmation, costing you about $8.

Based on data from http://ethgasstation.info/, you can go as low as 2 gwei and still get a confirmation (could take several hours) and pay only about $0.75.

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