Tokens
Let's create some tokens!
Last updated
Let's create some tokens!
Last updated
Let's create some tokens! Here you can Create, Issue and Transfer your own tokens. The process of creating a token is as follows. Create your token, Issue you token, Transfer your token,
Create Tokens - use this option to create a new token
Symbol - Enter the 3 or 4 character token symbol
Precision - Enter a number that will represent the divisibility of the token. For example, a precision of 4 mean the token is divisible up to 4 decimal places {0.0000}.
Max Supply - Enter the maximum supply of tokens are an integer.
Reward - Will this token be used as a reward token within a pool? if so, toggle this on. Most token are reward tokens.
Reward Min, Max - Enter the minimum and maximum number of tokens that can be used as a reward in BennyFi. If someone tries to use a quantity of tokens within a system transactions that is less than or greater then the minimum and maximum amount of tokens, it will generate an error.
Stake - Will this token be used as a stake within a pool? If so, toggle this on.
Stake Min, Max - Enter the minimum and maximum number of tokens that can be used as a reward in BennyFi. If someone tries to use a quantity of tokens within a system transactions that is less than or greater then the minimum and maximum amount of tokens, it will generate an error.
Token Image - Upload a really cool image for your new token
Issue Tokens - Click on the 'Issue 'button at the bottom of the token table
Issuing tokens is a safety feature. You may create a token with a maximum supply of 1b tokens. Of those 1b tokens you may decide to only issue 100m tokens. The other 900m tokens are un-issued and not in circulation. They can not be transferred until they are issued, so un-issued tokens are essentially locked until they are issued. To issue tokens, click on the 'Issue' button and fill out the issue action. Note: You can only Issue tokens to the account that created them.
Transfer Tokens
Once a token is issued, it can be transferred.
Here you can transfer tokens from you blockchain account to any other account. Enter the account name, the token and the quantity. Then click on 'Submit' . Note: Tokens are transferred from your blockchain account, not your contract balances. The tokens you see in your profile are deposited in the contract.
Refresh - Click on 'Refresh' to see a new token that you have created or changed.
The NOTOKEN
The NOTOKEN allows user without tokens to enter a pools If the staking minimum is 0 and you configure a pool with that token, the Participant can enter the pool 0 staking tokens. This is useful for 'give aways' or cases where you want to give the user a Web2 experience on our Web3 platform.
Creating an Access Token
One way to limit the access to a pool is to create a staking token and use it to limit access to a pool. Create a token with limited number of tokens. Transfer that token to the account you would like to access the pool. Configure a PledgePool with your access token as the staking token. Then the receiver of the token can stake it to your pool to gain access.
Contract - Token contract that handles this token. All tokens created on the BennyFi platform use the tokens1.beny contract. The system also supports tokens from other contracts. Use the new-tokens channel on our to request new tokens. New token requests are subject to the system governance process meaning requests are put to a vote.
