In the ever-evolving world of cryptocurrency, meme coins have carved a niche for themselves. This is primarily due to the fun, excitement, and wonder they bring. While you might be familiar with Shiba Inu and Dogecoin on Ethereum, others are emerging. Recently, the Solana meme coins have attracted the rapt attention of their crypto enthusiasts. This guide is focused on Solana but this Guide can also be used for ERC20 ETH tokens.
Contents
❓What is a Solana Meme coin?
At its most basic, a Solana meme coin is a meme coin native to the Solana Blockchain network. Most Memecoins are launched on Solana because they are easy and cheap to create. Backed by their strong community-driven initiatives and massive growth potential, these memecoins open the gateways to shift the Solana power from a few venture capital tokens to the wider community. Some amazing Solana meme coins, BONK and WIF, are already capturing their investors’ attention and showcasing great opportunities.
📋 What will I need to launch a meme coin?
Wondering how to launch and create your Solana meme coin. Well, it needs some essentials. Unlike other utility tokens, launching meme coins doesn’t require you to invest upfront. Leverage this advantage and get started with the checklist below.
Basic input: Idea, name, branding logo, website, description
Internet themes, mind-blowing ideas, and current trends drive memes.
- Browse crypto Social media X, Reddit, and other meme communities for inspiration and new trends you can make a wave on.
- Will people make it laugh?
- Will it catch attention?
- Could it rally a community?
- Is this a popular topic? (not relevant, but could be easier to ride the wave)
Costs involved
Solana coin creation or any other Meme coin creation incurs practically zero costs if you are a coding expert. Otherwise, you may need to hire a developer, which costs around $100.
The most used option is to use online dApps, which are a much easier and more affordable service.
The total cost of using the Coin creation app will cost around 0.2 SOL.
Website or Landingpage with Logo
It’s very much true that most meme coins don’t strive to attain much in terms of utility. However, if you wish to add these attributes to your coin, you must go the extra mile. Craft a user-friendly yet captivating website with an informative description of your coin.
- Keep it fun and simple as a real Meme
- Make it legit with your DEX listing, Token address, Socials etc.
- Create a catchy logo
Websites are invariably the primary touchpoint where crypto investors and enthusiasts seek authentic information. Apart from all other channels, ensure your website is always updated, detailed, and engaging to attract prospective entities. Use the appropriate colors, images, and your website logo aligned to your branding.
Social media marketing
Social media platforms are highly effective in marketing and promoting crypto coins. Leverage Telegram groups to closely follow market and price trends on Solana. Alternatively, various Solana-focused exchanges, such as Raydium, Birdeye, and Jupiter Aggregator, are also resourceful platforms for trading Solana tokens.
Meme coins thrive on community engagement, and social media is the perfect place to get excitement for your Meme coin project.
- X (Twitter): Share memes, updates, and engage with crypto Meme influencers.
- Telegram: Create a dedicated group for real-time discussions and announcements.
- Discord: Create a dedicated group for real-time discussions and announcements.
- Reddit: Join crypto and meme coin subreddits to discuss and promote your project.
- TikTok & YouTube Shorts: Reach a broader audience with memeable shareable videos about your meme.
Airdrops & Giveaways
- Airdrops: Distribute free Meme coins to early loyal adopters at launch.
- Giveaways & Contests: Let users create meme images and videos that could be viral, and choose a winner to give free coins.
Community Building & Engagement
- Daily commitment: Daily updates, Memes, keep conversations active.
- Reward loyal users: Reward users with NFT rewards or other Free rewards. You could create a NFT Collection.
- Collaboration: Make new partners and collaborate with influencers active with meme projects, which could be other meme projects to promote your coin.
Roadmap
Keep it light and fun use emoticons and humor, but make clear what will users can expect and will come.
- Don’t promise things you can’t deliver.
- Meme coins can thrive on simplicity, keep it light and fun.
- Break it into phases and use playful names like: Memeifestion, Moon fuel, Degens Unite.
- Include community Milestones like meme contest, Airdrop events, NFT Drops.
Solana wallet (Phantom)
Even before launching your Solana meme coins, you must get a place to store them securely. This implies access to Solana-supported wallets. Make sure to arrange for the wallets to keep your coins safe. Some wallets that support the Solana blockchain are – Phantom, Ledger, Coinbase, Solflare, and Exodus.
We recommend Phantom wallet. For ERC20 ETH tokens we recommend Metamask.
Time and commitment
Before you embark on your meme coin journey, be aware that launching a cryptocurrency could demand some time and effort. There are various stages, from creating the token to building a robust community.
That said, you can start by reading this Guide what will be a full Guide how to create a meme coin. So, prepare a fair estimate of your time to invest and read this Guide to start.
Supply and distribution of tokens
The supply and distribution of tokens are crucial in developing a solid launch strategy. Supply indicates the number of tokens that will be available, and distribution refers to the various activities to which the tokens will be allocated.
Meme coin example with 1,000,000,000 tokens (1 billion):
Category | Allocation | Tokens | Purpose |
|---|---|---|---|
Public Airdrop | 50% | 500,000,000 | Free claim for everyone, meme shill contests |
Liquidity Pool (DEX) | 40% | 400,000,000 | Added to Raydium/Orca for trading |
Community Reserve | 10% | 100,000,000 | Used for future contests, rewards, and tipping |
✅ Benefits
No Presale, No VC, No Team Tokens: 100% community-oriented.
No Vesting, No Locks: All tokens liquid and usable from day one.
Fair Launch: Everyone starts on equal footing.
Fully Transparent: All tokens go directly into public hands or DEXs.
🛠 Deployment Plan
Mint token with 1B supply using SPL Token CLI.
Add 400M tokens + some SOL to liquidity pool (Raydium/Orca).
Distribute 500M via Solana faucet, Zealy, or Gleam airdrop tool.
Reserve 100M in a public wallet for meme contests and future fun.
📖 Understanding the terminologies
Before you get started with creating a Solana meme coin, let’s familiarize ourselves with some terminologies. This will let you launch your token efficiently and quickly.
SPL tokens
Solana is an extremely robust blockchain platform known for its high performance and amazing speed. SPL is the acronym for the Solana Program Library. SPL tokens refer to the complete standards and processes applied to creating and managing tokens in the Solana ecosystem. The platform enables users to leverage the benefits of features like decentralized Finance (DeFi) projects, non-fungible tokens, and fungible cryptocurrency.
In essence, SPL tokens are the standards that underpin the creation and interaction of Solana tokens. These tokens can represent anything from crypto assets to real-world objects.
Revoke Freeze Ownership
To revoke freeze ownership is to renounce the authority to freeze coins. In the Solana blockchain, this feature enables network participants to reclaim the tokens by applying them to certain accounts.
Update Token Metadata
In Solana, the token’s metadata includes details like name, token description, decimals, logo, and such. It’s possible to update token metadata if you have the necessary authority. You may need to update the metadata in case any changes to the symbol, description, or other info on the token are required.
Alternatively, you may wish to add some extra information to the token. In any scenario, the process involves just a few simple steps.
Importance of Making Tokens Immutable
Solana SPL tokens can be turned immutable. This means the token’s metadata, such as name, description, image, or other details, can’t be tampered with. The immutability of tokens instills trust and confidence in the creators and the Solana community as a whole.
Mint tokens
Minting tokens refer to authenticating and processing data, recording information on the blockchain, and such. You can mint Solana tokens to ensure blockchain security, distribute rewards efficiently, bring up new utility features, etc.
Why should you Create a Liquidity Pool?
Solana tokens allow creators to generate liquidity pools. Adding liquidity has several benefits. First, it deposits the tokens into the Solana network, enabling more decentralized trades. Second, it receives trading fees once users stake tokens in the pool.
How to Manage Liquidity?
The Solana Manager tool lets you manage liquidity by providing options for adding or removing tokens to the liquidity pool. You need to enter a few details like – pool address, the method (add liquidity/remove liquidity), amount, etc. Finally, click the “Add Liquidity” or “Remove Liquidity” button.
When should you use Solana Multisender?
Depending on your requirements, you may need to send tokens to multiple addresses in a single transaction. It’s ideal to use Solana multisender, which allows you to send any SPL tokens to several recipients through smart contracts. You can use it to send NFT, airdrops, or other tokens.
What are Mainnet and Devnet?
The mainnet is the production or live environment where the Solana blockchain is finally deployed. Devnet is an environment with public access that allows developers to experiment with applications. Once tested and verified, the application is migrated to the Mainnet.
✅ Step-by-step guide to creating a meme coin on Solana
Creating a meme coin on Solana can be simple, hassle-free, and fun-filled. Read through the headings below to get acquainted with some key settings for the tool. Here you go!
🚀 Start here with the Meme coin Creation tool
It will also work for all other coin networks.
1. Token name and Symbol
Fill in a token name and include the token symbol.
2. Choose Decimals
Decimals in the Solana SPL tokens range between 0 and 9. In the case of utility tokens for a project, a number between 6 and 9 is recommended.
For a higher token supply, enter a larger number of decimals.
Example:
If your token has 9 decimals, it means 1 token = 1,000,000,000 units
If your token has 0 decimals, then: 1 token = 1 unit (non-divisible)
$WIF (Dogwifhat), $BONK, $SAMO all use 9 decimals
3. Token Supply
Input the desired supply for the token. This indicates how many tokens will be created in your wallet. For example, if you set a supply of 10 million, this will be allocated across various aspects of the project. For instance, 10-30% on utility tokens, 40-50% on meme coins, some on team building, airdrops, etc.
4. Upload Logo
Use the best combination of colors and images to craft a logo design for your Solana token. This plays a significant role in attracting investors’ interest. It is best recommended that some unique ideas be developed.
5. Add Token Description
Include a brief description in short sentences explaining the use case of your token.
6. Tags (optional)
Include tags relevant to your project, such as memes, NFTs, etc. However, this is an optional attribute.
7. Immutable
This is based on the Solana network’s Update Authority feature. The Update Authority lets you update the token’s metadata. When it’s revoked, your token becomes immutable.
✅ When should you?
- All inputs are final, such as logo and metadata; no more changes needed.
- Trust and transparency: nobody can manipulate or change the secret token.
- As creator, you give full control, and make this a fully decentralized asset
❌ When should you not? (do it later)
- If you still need to update logo or name
- Add or correct metadata
8. Revoke Mint Authority
As you know, the mint property of tokens allows you to increase the supply of tokens. The mint authority feature offers the option for you to mint more coins, thus letting you control the supply. Therefore, when you enable the revoke mint authority feature, the supply is restricted, making the investors feel secure and confident.
With this, you can print unlimited tokens, which can crash the value of the tokens and destroy trust.
We recommend Revoke the mint authority, which tells everyone nobody can print more tokens, which makes the value drop. Build trust!
9. Revoke Freeze Authority
Freeze authority lets you freeze the token in a holder’s crypto wallet. So, it implies that a liquidity pool can’t be created unless you revoke the freeze authority.
The freeze authority is a special permission to lock (or freeze) someone’s tokens in their wallet. When a token is frozen, the person can’t move, trade, or use it.
We recommend Revoke (remove) the freeze authority. this tells everyone its safe to use and nobody can freeze the tokens. Build trust!
Final step: Create the token!
Press the create token button and pay the fees to complete your coin creation
Create the Token Page (can be done after)
This section lets you craft personalized content on your token. It represents a profile of your token, which will be indexed in Google and provide information about it. Additionally, you can link your token page to social media channels like Facebook, Reddit, Discord, and YouTube to market your coin. We from iMintify can assist you with a custom website. Get in touch to create a stunning Meme coin website or landing page.
We can help you with a custom professional website to promote your Meme coin.
