Press Release

How To Create Your Own Token in 2024

In the modern world, cryptocurrencies have already proven that they are here to stay, and many people are considering creating their own token. Creating your own token can provide numerous opportunities, from financial investments to developing unique applications and platforms.

It would seem that over the course of the existence of the crypto market, the process of token creation should have become a straightforward methodology. However, the number of nuances to consider when creating a token only continues to grow. In this article, we will discuss the steps you will need to take to create your own token in 2024.

Choosing the right blockchain

The first step in creating your own token is choosing a suitable blockchain platform. The following key criteria can be identified for selecting a blockchain in 2024:

Transaction cost and speed: In recent years, the crypto industry has faced significant issues – high transaction costs in major blockchains and low transaction speeds. For example, Ethereum’s transition from Proof-of-Work to Proof-of-Stake was driven by this trend. On one hand, this provides an opportunity for new blockchains and therefore new tokens to emerge. On the other hand, it encourages blockchains to use more centralized consensus algorithms compared to Proof-of-Work, which goes against the initially crypto-anarchic idea. Adding the environmental rhetoric to the mix, it can be concluded that new blockchain developers are likely to avoid Proof-of-Work consensus algorithms in 2024.

Scalability and performance: In 2024, blockchains will strive to improve scalability and performance, allowing for the support of growing activity in token development and decentralized financing.

Integration with smart contracts: Developers will actively use smart contract functions to create complex and flexible token management systems. The ability to work with smart contracts is now almost a mandatory requirement and will continue to be so in 2024.

Utility value

While the choice of blockchain is fundamentally important, the days when it was enough to simply use a new blockchain or consensus algorithm and create a token are long gone. In 2024, for a token to be in demand, it needs to have utility value. There are several simple ways to add utility value to a token:

Staking: Everyone wants to earn. Adding staking capabilities can significantly increase the value of a token. This creates demand for the token as holders are interested in receiving rewards.

Native token as a means of payment: One of the most common ways to create utility value for a token is to use it as a means of payment. Projects can create an ecosystem where the token is accepted as payment for goods and services. For example, the token can be used to pay fees on a platform or to purchase items in an online store.

Participation in governance: Another way to create utility value for a token is to give its owners the opportunity to participate in voting and decision-making within the project. The token can be used for voting on project development issues, protocol changes, or strategic decisions. This can be implemented in several ways. Tokens can be used for voting, increasing the weight of the vote, or a certain amount of native tokens must be held for governance participation.

In-game assets: If you have a gaming project, the token can have in-game value. For example, the token can be an in-game currency, resource, item, etc.

How to create a token using DAstra Network?

So, you have determined your priorities. Now it’s time for the practical part. As a token constructor, you can use the DAstra Network service. DAstra Network is a decentralized but user-friendly crypto launchpad that allows startups and enterprises to attract investments for their solutions. With just a few clicks, you can create tokens and list them on the platform. We are developing our project in the Web3 paradigm, using smart contracts instead of direct interaction with investor capital or startup investment accounts.

Our service is integrated with four popular blockchains – Ethereum, Binance Smart Chain, Tron, and Polygon. This expands compatibility and access capabilities for different users and investors.

Native token DAN

When we created our native token, we also took into consideration that it should have utility value. The utility value of DAN tokens is achieved through staking and participation in governance. Both of these privileges are available if the holder has more than 10,000 DAN tokens.

Staking: The annual rate at the start was 158.18%, and today it is already 158.13%. The rate gradually decreases for two reasons: the increase in the total locked value of tokens for staking and the decrease in the number of tokens in the DAO fund (staking pool) for distribution. The earlier you join staking, the more you can earn.

Currently, 2,663,236 DAN from 11 stakers are participating in the distribution of the total reward, which is estimated at over $3 million and will increase in value along with the token price growth. Until the total number of tokens staked reaches 30 million tokens, the rate for each staker is 13% per month, and as the total pool for staking increases to 60 million tokens, the rate will decrease. For example, when the total staking pool reaches 60 million, the monthly rate will be halved to 6.5% (or ~78% annual).

Participation in DAO: DAstra Network is governed by a DAO (decentralized autonomous organization). Participating in this organization not only gives you the right to make key decisions regarding the development of DAstra Network but also allows you to earn 2% of the investments attracted to the project.

You can purchase DAN directly on our platform or on the LAtoken cryptocurrency exchange.

Our site:


Main Telegram Channel:

Telegram Chat:

To Top

Pin It on Pinterest

Share This