FAQ
What is Coin Genie?
Coin Genie is a platform that facilitates the easy creation of ERC20 tokens on the Ethereum blockchain. It offers a user-friendly interface, enabling users to generate tokens without requiring extensive technical background.
How much does it cost to create a token on Coin Genie?
Alongside Ethereum network gas fees, Coin Genie has a fixed fee of 0.01 ETH for the token liquidity locking service and a 1% fee of liquidity provided to the tokens and a 0.5% tax on token transfers. These fees covers the costs of the platform's operation and supports its continued development. They're also equal or lower than the competitors.
How do the taxation rates for my token work?
You have the ability to set a tax rate when creating a token. This tax can serve various purposes like redistribution to holders or funding a project. For instance, if you designate a 2% tax, then 2% of every token purchase/sell/transfer is taken as a fee.
Can I trade my token immediately after creation?
Yes. Coin Genie integrates with Uniswap, allowing you to trade or add liquidity for your tokens shortly after their creation. Just "Open Trading"!
What happens if I set high taxation rates for my token?
Setting high taxation rates can impact the attractiveness of your token to potential buyers and traders. While it may increase revenue from transactions, it could deter users due to the higher costs of buying or selling.
Why might my token deployment fail?
Token deployment can fail due to insufficient Ether for covering gas fees and the Coin Genie fee, errors in provided parameters, or network congestion on Ethereum.
I can't see my token in my wallet. What should I do?
If you've created a token but it's not visible in your Web3 wallet, you might need to manually add it. Use the token's contract address to add it as a custom token in your wallet.
How can I ensure my token gains popularity and value?
While Coin Genie facilitates token creation, the popularity and value of your token depend on its utility, community engagement, marketing efforts, and overall market conditions.
What happens when I click the "Launch 🚀" button?
Clicking this button initiates the token deployment process. You'll be presented with a modal to confirm the token parameters you've inputted. Upon confirmation, the platform will attempt to deploy your new token to the Ethereum blockchain.
How can I ensure the token parameters I've set are correct before deploying?
Before finalizing the deployment, a modal will appear allowing you to review and confirm your token parameters. It's essential to double-check all details at this stage.
Is there a way to edit my token parameters after deploying?
Token parameters are set on the blockchain and once deployed, cannot be changed. Make sure to verify all details before confirming the deployment.
Why are there different tax rates for buying and selling?
Coin Genie offers flexibility in setting tax rates for both buying and selling actions. These taxes can serve a myriad of purposes, such as redistribution to holders, project financing, or other decentralized finance (DeFi) mechanisms.
What do the different management functionalities, like "Open Trading," mean?
These are tools provided by Coin Genie to ensure optimal token management. "Open Trading" initiates trading for your token on the platform.
Remember, the Coin Genie platform is designed to be user-friendly and intuitive. However, if you ever find yourself unsure, it's always a good idea to refer back to this FAQ or consult the platform's detailed guides and documentation.Next - FAQs & TroubleshootingTroubleshooting
What happens if an airdrop attempt fails on the Coin Genie platform?
The platform emits an AirdropFailed event detailing the token address, token owner, intended recipient, and the amount of the airdrop.
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