Token type guide
Create a utility token on Solana
Give your app or service its own Solana token. No code needed: 0.1 SOL base fee, 0.4 SOL with the three safety options that are on by default.
Create your tokenWhat is an utility token?
Utility tokens provide access to products, services, or features within a specific platform or ecosystem. They're used for payments, governance, staking, and unlocking premium features.
Why build an utility token on Solana
- Give your platform a native currency for payments and rewards
- Incentivize user engagement and retention with token rewards
- Enable decentralized governance for your community
- Create a tradeable asset that grows with your platform's success
Recommended settings
- Supply
- 100,000,000 to 1,000,000,000 (depends on use case)
- Decimals
- 6 or 9
- Mint authority
- Keep if you need to mint more later, remove for fixed supply
- Freeze authority
- Remove for most use cases
- Metadata
- Keep unlocked if you plan to update branding
- Vanity
- Optional — use a prefix matching your brand
Removing mint authority, removing freeze authority and locking metadata cost 0.1 SOL each and are on by default.
Use cases
- Platform access token
- In-app currency
- Staking rewards
- API usage credits
- Premium feature unlock
Questions
Should I keep mint authority for a utility token?
It depends. If your platform needs to distribute more tokens over time (e.g., staking rewards), keep mint authority. If you want a fixed supply to build scarcity, remove it.
What supply should I set for a utility token?
Most utility tokens use 100M to 1B supply with 6-9 decimals. Consider your platform's economy — how many tokens per transaction, reward rates, and total user base.
How do I integrate my utility token with my app?
After creating your token on SPL Token Launcher, use the Solana Web3.js SDK or Solana Actions to integrate token transfers, balances, and payments into your application.
Ready to create your utility token?
Fill in a name and symbol, approve one transaction, and the full supply goes to your wallet.
Create your tokenCreating or buying tokens involves financial risk and crypto prices are volatile. Do your own research.