token mint

• token mints can not be closed atm ( circa 2024 jan 16 )

if you have the secret key, you can create mints locally using a script, but if you’re going to allow users to mint from a website etc you would have to build a |txn on the site, then send it onchain

if ur manually building the solana instruction to create a mint, dont forget to add an instruction to create and allocate the lamports and space before you initialize the mint

account’s space would be token.MINT_SIZE lamports will be token’s min balance for rent exempt mint

• need token account before you can mint new tokens ( issue new supply )

• associated token account is almost always used over a token account

• only the mint authority is allowed to mint new tokens

• minting tokens is the process of issuing new tokens into circulation

  • you increase supply of the token mint
  • deposit newly minted tokens into a token account

• it’s common to update the mint authority to null after token mint

• this would set a maximum supply and make sure no one can ever mint more tokens in the future ( freezes the token mint )

---

there are token standards for the different types of nfts set by the token metadata program