# Create Token

Creating your own token that can be traded in Waves.Exchange is simple.

Log in to your Waves.Exchange client and use the Token generation tab where you can give your token a name and description, select the total amount of tokens and decimals.

At the top-left corner click Create token to start the creation process.

Token creation costs 1 Waves.

Let's describe each box:

Name of your asset: First of all, give your token a name. It is important to know that names are not unique, but the identifier (asset ID) is unique. Whenever you are looking for a token, confirm that it is the right one by checking the asset ID. However, if our anti-spam system detects duplicate names, it will automatically mark such tokens as spam. Before you continue, please read the conditions carefully at the bottom of the Token generation screen;

Note: The name of the created asset can not be shorter than 4 characters.

Description: Write a description for your token. You can include website links which can be particularly useful considering the asset description as of now is unchangeable;

Total tokens: Define the total supply of your token. The total supply can either be fixed at the issuance or increased later by making the asset re-issuable;

Reissuable: Re-issuable defines if an asset issuer can increase the token supply later. If set to "Reissuable", the issuer can increase the supply at any time;

Note: If Reissuable is selected when the token is created, it can be changed to Not reissuable at a later stage. For deatails, see Change Reissuable to Not Reissuble article.

Decimals: Set how many decimals your asset shall have. For example, if you specify 8 decimals, as in Bitcoin, your token can be divided down to 0.00000001. If you specify 0, your token can only be transacted in whole pieces (1, 3, 15);

Smart asset: A Smart Asset is an asset with an attached script that places conditions on every transaction made for the token in question. The validation of a transaction by a Smart Asset’s script increases the transaction fee by 0.004 WAVES. For example, if a regular tx is made for a Smart Asset, the cost is 0.001 + 0.004 = 0.005 Waves. If an exchange transaction is made, the cost is 0.003 + 0.004 = 0.007 Waves.

Note: Make sure that you have at least 1 WAVES for asset creation fee.

The Preview box displays the asset based on your selection.

Before creating new asset, carefully read the asset creation conditions. If necessary, change the name of the token according to the conditions, then select the checkbox and click Generate.

In the following window double-check the entered data and if everything is correct click Send or click Go Back to make corrections.

You can find and sort your tokens in the Portfolio of your Wallet.


See more articles in the Assets Management chapter.

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