Creating your own token
(100x coin lets say) requires understanding the Token Program
that is written by the engineers at Solana - https://github.com/solana-labs/solana-program-library
Specifically, the way to create a token
requires you to
associated token account
for this mint and for a specific userIt’s like a bank
that has the athority to create more coins. It can also have the authority to freeze coins
.
Before you can ask other people to send you a token, you need to create an associated token account
for that token and your public key
Reference - https://spl.solana.com/token