- Asset creation

- NFT creation

Asset creation

It's very easy to create your own asset that can be traded on Waves.Exchange.

Log in to your Waves.Exchange app, navigate to the Wallet tab and choose the Create Asset section.

In the Create token tab, you can give your asset a name and description, select the total amount of assets and decimals.

Click Create token In the top-left corner to start the creation process.
Let's look at each of these fields in turn:

Name of your token: First of all, give your asset a name. It is important to know that names are not unique, but the identifier (asset ID) is unique. Whenever you are looking for an asset, you can make sure that it is the right one by checking the asset ID.

Note: The name of the created token can not be shorter than 4 characters and no more than 16 characters.

Description: Write a description of your token. You can include website links which can be particularly useful;

Total assets: Define the total token supply. The total supply can either be fixed at the issuance or increased later by making the asset reissuable;

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

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

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

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

The Preview box displays the token based on your selection.

Before creating a new asset, carefully read the asset creation conditions:

I) You will not use the asset for fraudulent purposes;

II) You will not duplicate, fully or in part, the name of an existing cryptocurrency or a well-known company with the aim of misleading users;

III) You will not use names of states, other administrative units or municipal institutions for the asset's name with the aim of misleading users;

IV) You will not set a script on a smart asset that limits exchange transactions on Waves.Exchange by asset quantity;

V) You will not give false information in a smart asset's description concerning the rules governing the asset's use, which do not correspond to those of the script installed on it;

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 Tokens section of the Wallet tab.

The token you created is to be categorized as 'Unverified' by default. You can verify your token on Voting page.

NFT creation

Waves.Exchange users have the ability to create Non-fungible token or NFT. NFT is a singular entity that has a unique ID. This contrasts with a regular asset, two coins of which cannot be distinguished from each other. NFTs can be used as in-game items, collectibles, certificates, or unique coupons.

In order to issue NFT you need to specify the following values in the asset creation form:

- specify 1 in the Total assets field;

- specify 0 in the Decimals field;

- specify Not reissuable in the Reissuable field.

Note: NFTs are not displayed in the Waves.Exchange interface. Also, NFTs cannot be transferred via the Waves.Exchange.

If you have any questions related to Waves.Exchange, feel free to contact us via customer support.

tags: create my asset token generation newbie

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