While creating memecoins was earlier inspired by memes, trends, characters and internet jokes, the truth is memecoins have evolved beyond a random cryptocurrency to become a celebrity and high personality coins. The launch of the $TRUMP coin and the tremendous growth of other memecoins shows that when properly launched and marketed, memecoins can become a significant investment option.
However, while memecoins like Dogecoin have triggered the creation of new tokens built around humor and viral marketing, creating a memecoin was something only developers and blockchain experts could pull off. But with the rise of decentralised finance (DeFi) and user-friendly platforms like Pinksale, that’s no longer the case—now, anyone with a creative idea can bring their meme coin to life.
What do you need? A solid launch strategy, a way to distribute tokens, and, most importantly, a dedicated audience willing to support your project. This article will take you through creating a memecoin on Pinksale. Let’s get started.
Step 1: Setting Up Your Crypto Wallet
You can run MetaMask on a browser extension and mobile app, while Trust Wallet only runs on a Mobile app. How do you set up your MetaMask wallet?
How to Set Up MetaMask
- Download the MetaMask browser extension or mobile app from the official website.
- Click Create a Wallet and follow the setup instructions.
- Secure your 12-word seed phrase. This is your private key, and it must be kept strictly private.
- Connect your wallet to the Binance Smart Chain (BSC). To connect the wallet, you must add the network using the details below:
- Network Name: Binance Smart Chain
- RPC URL: https://bsc-dataseed.binance.org/
- Chain ID: 56
- Symbol: BNB
- Block Explorer URL: https://bscscan.com
Your wallet is now ready to interact with BSC-based platforms like Pinksale. Let’s proceed to the next step.
Step 2: Getting BNB for Fees
To launch a memecoin, you’ll need Binance Coin (BNB) to cover gas fees. You can buy BNB from several sources, but we recommend the following plugs;
- Binance (This is the easiest way for most users)
- KuCoin, Crypto.com, or other centralized exchanges
- PancakeSwap (Go for this option if you already have another BSC token)
After buying BNB, you must withdraw it to your MetaMask wallet address. You must be very careful; the address always starts with (“0x…”). Once credited to your MetaMask wallet, you can use it to deploy your memecoin smart contract and pay transaction fees. It is time to create your memecoin online salee, stay with us, it is very easy.
Step 3: Creating Your Memecoin on Pinksale
1. Visit Pinksale
Go to Pinksale. Finance and connect your MetaMask wallet.
2. Select “Create Token”
Pinksale simplifies the process with a built-in token generator. You’ll see three categories of tokens:
- Standard tokens (Basic ERC-20/BEP-20 tokens)
- Deflationary tokens (Tokens with automatic burn or tax functions)
- Liquidity-generator tokens (Tokens with built-in liquidity management)
If you are launching a basic memecoin, select the Standard Token option.
Step 4: Configuring Token Details
You need to fill in several fields to define your memecoin; let’s take a look at the details to avoid costly mistakes:
- Token Name: The full name of your memecoin (e.g., “DonaldBucks”).
- Token Symbol: The ticker (e.g., “DBX”).
- Decimals: Typically set at 18 for most tokens.
- Total Supply: Decide how many tokens you want (e.g., 1,000,000,000).
- Token Type: Choose BEP-20 if you’re using Binance Smart Chain.
- Burn Mechanism (Optional): You can add an automatic burn percentage to reduce supply over time.
Once you’ve done this, click “Create Token.” Pinksale will generate your token’s smart contract. It’s time to provide the money needed to trade your token.
Step 5: Adding Liquidity on PancakeSwap
To make your memecoin tradable, you must provide liquidity on PancakeSwap. Let’s walk you through that:
1. Go to PancakeSwap
Visit pancakeswap.finance and connect your MetaMask wallet.
2. Select “Liquidity” > “Add Liquidity”
- Select BNB as one asset and your new memecoin as the second asset.
- Decide how much BNB and how many tokens you want to add to the liquidity pool.
- Click Approve Token and then Supply to finalise the liquidity.
Boom! Your memecoin can now be traded publicly! But that’s not all. How do you raise funds to keep the market rolling? Let’s find out.
Step 6: Launching a Presale on Pinksale
To raise funds and distribute your memecoin, you can launch a presale on Pinksale before adding liquidity.
1. Select “Create Presale”
On Pink sale. Finance, choose “Launchpad”, and follow these steps:
- Token Address: Enter your token’s smart contract address.
- Soft Cap & Hard Cap: Define fundraising goals.
- Presale Rate: Set how many tokens investors receive per BNB.
- Liquidity Lockup Time: Lock liquidity for at least 6 months (prevents rug pulls).
- Start & End Date: Choose when your presale will run.
2. Finalize & Launch
Once configured, submit your presale and pay the gas fee. Your meme coin is now available for investors to buy during the presale phase. We have come to one of the most important aspects of meme coin trading, and we’ll reveal a secret just ahead.
Conclusion
Since their inception, with the launch of $DOGE in 2013, memecoins have evolved from simple internet jokes to invaluable crypto assets with significant utility and remarkable returns. Hence, creating a successful memecoin does not end with the launch; effective marketing strategies and proper utility integration must be implemented to ensure your memecoin enjoys the required level of visibility for massive adoption.
Lani . O Asp. Blockchain Attorney & Crypto Writer| Sharing insights on crypto regulation, safe web3 investment practices, data privacy and digital rights.