> For the complete documentation index, see [llms.txt](https://docs.launchifi.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.launchifi.xyz/contract-types/token-contract.md).

# Token Contract

Create your own cryptocurrency (ERC-20)

<figure><img src="https://58762777-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F9I0NYQoruZ3ItahEMqSC%2Fuploads%2FMxKUHIgpUnudPPMPqL2Z%2FLaunchifiDocsImageTemplateToken.png?alt=media&amp;token=99d76e12-76aa-4698-8a18-274e3876413b" alt=""><figcaption></figcaption></figure>

**To create your cryptocurrency**

You will have to insert a few parameters:

## Contract Details

* **Contract Name** - The Name of your smart contract. (Cannot contain spaces or start with a number, i.e. EthereumContract)
* **Token Symbol** - The symbol of your cryptocurrency. (i.e ETH,DAI)
* **Token Name** - The full name of your currency. (i.e. Ethereum)

## Advanced Setup

If you have a more complex idea, you can click on the `Advanced Setup` then you will be able to:

* **Burnable** - Adds a function to burn some tokens to increase its value.
* **Pausable** - Adds function to pause the contract functions in case of Hack or else.
* **Premint** - Adds a function for the contract owner to mint a certain amount of tokens for themselves.
* **Decimals** - Allows you to choose the number of decimals for your token (default is 18).
* **Airdrop** - Adds a function to airdrop tokens to community members.
* **Withdraw** - Adds a function to withdraw the money that is currently stored on the contract.
* **Max Supply** - Gives you the ability to set a max cap of the total supply of tokens.