Tony, co-founder of Underdog Protocol, demonstrates the process of creating, managing, and distributing both metadata and non-transferable tokens on the Solana blockchain through the Underdog dashboard.
Step 1: Creating a Token
- Access the Dashboard: Navigate to app.underdogprotocol.com and log in.
- Navigate to the Tokens Tab: Select 'Token 22' as the type of token you wish to create, noting that SPL tokens are coming soon.
- Create Your Token:
- Choose a name for your token, like "Solana isn't going to happen Solana".
- Select an image for your token, opting for something that represents your token's concept or purpose.
- Decide whether the token will be transferable or soulbound (non-transferable).
- Set the decimals for your token. Nine decimals is standard, indicating how much the token can be subdivided.
Step 2: Managing and Distributing Your Token
- Select a Token to Manage: Choose from the list of tokens you’ve created. For example, manage "Underdog belly".
- Distribution Options:
- Decide how many tokens to distribute to each wallet.
- Perform single sends to individual wallets or use a CSV list for mass distribution to multiple wallets.
- Specify the token amount for each recipient, and execute the distribution.
Additional Tips:
- Be Patient with the UI: Blockchain operations might take a while to reflect in the user interface.
- Verify Transactions: Successful payment messages indicate that the transaction will likely go through. Use blockchain explorers to confirm transactions on-chain.
Key Features of Token Management on Underdog:
- Creation and Customization: Easy token creation with customizable features like name, image, transferability, and divisibility.
- Flexible Distribution: Options for both single and mass token distributions, facilitating broad and targeted engagements.
- Transparency and Control: Tools to renounce minting authority and ensure no further tokens can be created, enhancing trust and stabilit