☑️Deploy Contract

After ensuring that the simulation is accurate and reflects your strategy effectively, the next step is deploying the contract. This critical phase involves several key actions that enable the token to go live on the blockchain.

Adding Liquidity

• Action: Begin by adding liquidity to the token's pool.

• How to: Select the "Add Liquidity" option. This involves locking a certain amount of cryptocurrency (such as Ethereum) and the equivalent value of the newly created tokens in a liquidity pool. This pool facilitates trading and provides stability to the token's value.

• Purpose: Providing liquidity is essential as it ensures that there is enough volume for users to buy and sell without causing large price fluctuations.

Open Trading

• Action: Open trading to enable transactions on your platform.

• How to: Use the "Open Trade & Buy" option. This step marks the commencement of the pre-sale phase, where early adopters can purchase tokens. Following this phase, the token becomes available for open trading to the public.

• Purpose: Opening trading allows token holders and potential buyers to start trading, thereby setting the market dynamics in motion.

Customize Buy/Sell Fees

• Action: Adjust the transaction fees associated with buying and selling tokens.

• How to: Navigate to the "Buy/Sell Fees" option where you can set or modify the fees. Fees can be crucial for providing ongoing funding for project development or rewarding token holders through redistributive policies.

• Purpose: Transaction fees can discourage frequent trading that destabilizes the token's price and can also serve as a passive income stream for existing token holders.

Additional Management Options

• Remove Limits: This option allows you to remove or adjust the maximum transaction limits after assessing market behavior and liquidity.

• Renounce Ownership: For decentralized trust, you may choose to renounce the ownership of the contract, which ensures that no one, not even the creators, can alter the contract's rules after a certain point.

• Purpose: These features provide additional layers of security and trust, making the token more attractive to cautious investors.