Screenshot 2024-08-28 at 7.09.00 PM.png

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

  1. Create a token mint
  2. Create an associated token account for this mint and for a specific user
  3. Mint tokens to that user.

Token mint

It’s like a bank that has the athority to create more coins. It can also have the authority to freeze coins.

Associated token account

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