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Dexpanse's Token Builder service allows you to create your own ERC-20 compatible Tokens in minutes with no coding knowledge required. Dexpanse's Token Builder allows users to create Standard ERC-20 compatible tokens, as well as more advanced tokens that utilize a range of special taxes and mechanics.
These basic parameters must be specified for all token types.
Token name & Token symbol - these should be more or less self-explanatory, although do keep in mind that while the token Symbol can be longer it should not necessarily be longer. 2-6 alphanumerical digits should suffice. As a side note, while not practical in most more serious projects, you can include emoji in the Name and Symbol (however not all websites support showing emojis, so keep this in mind!). The token Symbol is the equivalent of a ticker on the stock market.
Total supply - is the number of tokens created. Note that this cannot be changed later and no additional tokens can be added.
Decimal - denotes the divisibility (number of digits after the decimal point) of the token, thus if decimal is 0 the your token will not be divisible at all - which might be suitable for some projects. If your token is to function in a similar manner to many popular cryptocurrencies, such as bitcoin, then it should be divisible. Ether itself has the decimal set to 18, thus many ERC-20 compatible tokens choose 18 as their own decimal parameter.
Baisc token parameters
Besides supporting basic ERC-20 compatible tokens, Dexpanse allows Token Creators to incorporate special taxes and mechanics into their Token.
Native reflection tax - is a form of transaction tax that each user pays when buying or selling the Token. The tax is retained by the token's SmartContract and the tokens collected from the tax are then "reflected" proportionally to each wallet holding the Token. This feature acts as an additional incentive for users to hold the Token, as they can watch their balance increase automatically as time goes by.
Liquidity fee - this is another transaction tax that each user pays when buying or selling the Token. The collected tokens are used to expand the liquidity pool of the Token.
Dev fee - the fee is transaction tax with the sole purpose of rewarding the token’s developers. A proportion of each trade is taxed and the taxed tokens are sold by the token SmartContract for the blockchain’s native token, which is then sent automatically to the specified Dev wallet address.
Foreign reflection - is a form of transaction tax that each user pays when buying or selling the token. The tax is retained by the token's SmartContract and the tokens collected from the tax are swapped for the reward token (a different token specified by the Token Creator), which is then distributed proportionally to each wallet holding the token.