Creating token standards<\/p>\n
As the ecosystem continues to grow, we\u2019re constantly seeing growth in the number tokens being created. This maturation reflects the success of permissionless innovation, a trend we expect will only accelerate in the\u00a0future.<\/p>\n
As the rate of token issuance increases, it has become difficult for users to filter out high quality, legitimate tokens from scams. Below is how individual DEXs can manage\u00a0this.<\/p>\n
Each DEX will maintain a file of whitelisted tokens. The list will have a set of\u00a0criteria<\/p>\n
Is the project legitimate?Is there enough liquidity?etc.<\/p>\n
Tokens not included in the list can still be traded but<\/strong> will have a\u00a0warning.<\/p>\n This token isn\u2019t traded on leading centralized exchanges or frequently swapped. Always conduct your own research before\u00a0trading.<\/p>\n Create a public repository<\/a>.<\/p>\n Create a file chain.json<\/p>\n Below is an\u00a0example.<\/p>\n { The DEX will pull from this JSON to display token\u00a0info.<\/p>\n Every time a token is added, deleted or updated, bump the version\u00a0number.<\/p>\n 0SUM.io provides a software service to deploy a DEX and white label user interface (website). Smart contracts are audited and interface is production ready. This can all be done with no\u00a0code.<\/p>\n For more\u00a0info:<\/p>\n 0sum.io<\/a><\/p>\n How to Create a Token List for DEXs<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Creating token standards About As the ecosystem continues to grow, we\u2019re constantly seeing growth in the number tokens being created. This maturation reflects the success of permissionless innovation, a trend we expect will only accelerate in the\u00a0future. As the rate of token issuance increases, it has become difficult for users to filter out high quality, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-13621","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13621"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13621"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13621\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Create<\/h3>\n
“name”: “Token List”,
“timestamp”: “2077-01-01T11:11:11.111Z”,
“version”: {
“major”: 1,
“minor”: 0,
“patch”: 0
},
“tags”: {},
“logoURI”: “”,
“keywords”: [],
“tokens”: [
{
“name”: “Wrapped Ether”,
“address”: “0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2”,
“symbol”: “WETH”,
“decimals”: 18,
“chainId”: 1,
“logoURI”: “https:\/\/ipfs.io\/ipfs\/QmVwvpK3UdPAB9nA1VXWwHWaTQXeTeYkmwMPGbfQiAmUgU”
},
{
“name”: “Tether USD”,
“address”: “0xdac17f958d2ee523a2206206994597c13d831ec7”,
“symbol”: “USDT”,
“decimals”: 6,
“chainId”: 1,
“logoURI”: “https:\/\/ipfs.io\/ipfs\/QmdJtEuYmo6o5GMwQ1FVWedqzSHWHEkYHBuChAbgYsWd4U”
}
]
}<\/p>\nUpdate<\/h3>\n
DEX as a\u00a0Service<\/h3>\n