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Fungible Tokens

Issuance of fungible ESDT tokens via Web Wallet on MultiversX​

In this section you will learn how to mint tokens on MultiversX.

There are 2 types of tokens on MultiversX:

  • Native tokens - EGLD;
  • ESDT - eStandard Digital Token.

In the previous section you learnt how to mint xEGLD on MultiversX Testnet using Faucet option.

Testnet Wallet

Mint ESDT via Web Wallet​

This time we use the Create Token option.

Token Name:

  • length between 3 and 20 characters
  • alphanumeric characters only

Token Ticker:

  • length between 3 and 10 characters
  • alphanumeric UPPERCASE only

Number of decimals:

  • should be a numerical value between 0 and 18;
  • there are no floats on the blockchain;
  • a token with 3 decimals and value 1000 would be equal with value 1;
  • EGLD has 18 decimals and the value of 1000000000000000000 is 1 EGLD.

Let's create a token new token:

Issue Token

and inspect the transaction

Explorer Token Created

Observe Token Operations field. We received 321.00 BPDA-208994 tokens. BPDA-208994 is the token ID. The token ID is formed by appending to the token ticker the character - and 6 random hexadecimals characters. This is done because there might be mutiple tokens with the same ticker; the token ID is always unique.

We can click on the token ID and see the details of the token:

Token Details

Observe the fields TOKEN, Supply, Holders, Transactions, Owner, Decimals.

Let create another token with the same input:

Issue Token2

Observe that the token ID is different.

Practice​

  • Create your own ESDT token;
  • Inspect the transaction;
  • Send some of your tokens to erd1mqa9wttlzwwdvwgk9dzsfdn79lv5raw0tfe9ynvn0dg92hpruvaqhhd2gx;
  • Create another token with the same ticker. Observer that the token ID is different and unique.

Other actions for ESDTTokens​

Pausing and Unpausing​

The manager of an ESDT token may choose to suspend all transactions of the token, except minting, freezing/unfreezing and wiping. Check more details here.

Freezing and Unfreezing​

The manager of an ESDT token may freeze the tokens held by a specific Account. As a consequence, no tokens may be transferred to or from the frozen Account. Freezing and unfreezing the tokens of an Account are operations designed to help token managers to comply with regulations. The manager of an ESDT token may choose to suspend all transactions of the token, except minting, freezing/unfreezing and wiping. Check more details here.

Wiping​

The manager of an ESDT token may wipe out all the tokens held by a frozen Account. This operation is similar to burning the tokens, but the Account must have been frozen beforehand, and it must be done by the token manager. Wiping the tokens of an Account is an operation designed to help token managers to comply with regulations. The manager of an ESDT token may choose to suspend all transactions of the token, except minting, freezing/unfreezing and wiping. Check more details here.