What is the best way to create own token in substrate?

Question

I want to launch my own token with Substrate chain. What is the best way to implement it?

Answer 1

You have several options to launch your own token on Substrate:

• Using the Contract pallet to implement a token, take a look at this ERC20 token tutorial
• With the balances pallet
• Using the EVM pallet to implement a Solidity ERC20 token
• Use the Assets pallet.
• Create your own pallet.

Take a look into this great Substrate Seminar, for more information.

Answer 2

The pallet-balance that comes preconfigured with https://github.com/substrate-developer-hub/substrate-node-template is the way to go.