In this tutorial my objective is to walk you through the steps of setting up your account through to issuing your first token on the Ethereum network.
The token will be a standard ERC20, it will have the main functions and can be used as a general base for more sophisticated applications than just transferring them.
There are a few different components you will need in order to build your own token.
Ethereum Address (Ropsten Network)
Some Ethereum (Ropsten Network)
A text editor (I.e. Sublime / Atom)
Solidity contract
Ethereum address
For this tutorial we will use a test network to issue the token so you don’t end up spending real Ether’s. We will use the Ropsten Test network. In order to get started, go to MyEtherWallet (MEW) and create an account there.
To get setup, click the right hand side corner, change the network to Ropsten (MyEtherWallet) → click the New Wallet
→Enter a password you can remember
→ Download / Save your Keystore file in a safe space
→ Save your Private Key in a safe space.
To view your wallet address, go to
→View Wallet Info →Private Key → Enter the saved private key →Unlock your Wallet and it should be there!
Contract
Download the smart contract that the legendary Ethereum unicorn rider, BokkyPooBah has helped us to make.
You will be editing this code for your own token
Ropsten Ethers
We have created our own faucet where you can request Ropsten Ethereum! Just access https://faucet.bitfwd.xyz/ and put your ropsten address and our smart contract will send you some!
(**bitfwd Faucet is temporarily down so use: https://faucet.metamask.io/ **)
Transfer only once please! And if it doesn’t work let me know in the comments!
Many faucets in the ecosystem are going through some problems due overload in requests. The best way to get Ropsten in the bitfwd one doesn’t work is using Metamask! That one is always full.
Basically what you will have to do in simple terms:
1.Download MetaMask at metamask.io.
- Select Ropsten Network.
- Select DEPOSIT.
- Claim 1 Ropsten ETH.
- Transact to the address you will use for the tutorial on MyCrypto.
(To be continued...)