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Mistakes to Avoid When Launching Your First Token
May 2024•2 min read
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Forgetting to Revoke Authorities
Leaving mint, freeze, or update permissions active is one of the biggest red flags in crypto. It tells the community: 'I can still change things… or rug pull.'
Fix:
Always revoke mint, freeze, and update authority before launching your token publicly especially if you want people to trust it. (P.S on mintcoin.fun this is completely free) -
Using a Weak or Generic Name/Symbol
'TestCoin123' or 'MyToken' might work in dev mode… but in public? It looks unprofessional and gets lost in the noise.
Fix:
Pick a unique, memorable name and symbol. Keep it short, brandable, and ideally 4–8 characters. -
No Plan for Utility or Distribution
What's the point of your token? If you can't answer that clearly, your holders won't either.
Fix:
Explain your token's purpose in the description. Think about how it will be used: community access, game utility, staking, etc.
Decide how you'll distribute it (airdrop, LPs, rewards, etc). -
Skipping the Logo
A missing or pixelated token image screams 'not ready.' On DEXs and wallets, your image is everything.
Fix:
Upload a clean, square logo (PNG recommended). Make it pop. This is your brand's face. -
Not Releasing Control
If you keep full authority over your token, people may worry you're not serious or plan to change the rules.
Fix:
Once everything looks right, revoke your powers. Let the token stand on its own. -
Spending on Liquidity Without a Strategy
Some users jump straight into liquidity pools without understanding slippage, impermanent loss, or token demand.
Fix:
Test small. Learn how Raydium pools work. Build a community or buzz before adding deep liquidity. -
Forgetting to Test First
If you rush your mainnet launch and something goes wrong it's costly to fix.
Fix:
Use Solana devnet to test everything first: name, decimals, supply, image. Once it looks good, go live.
Final Thoughts
Minting a token is just the start. Avoiding these common mistakes sets you up for a smoother launch whether you're dropping a meme coin or starting a serious project.
At mintcoin.fun, we're building the easiest tools and guides for first-time token creators. Launch smart, launch strong.
Minting a token is just the start. Avoiding these common mistakes sets you up for a smoother launch whether you're dropping a meme coin or starting a serious project.
At mintcoin.fun, we're building the easiest tools and guides for first-time token creators. Launch smart, launch strong.