Token Factory - New Glossary Term

[Jorgerl02]

Checklist

• [X] This is a term not already found in the glossary (for similar terms, please consider the benefits of a new term vs updating an existing term)
• [X] This term/definition is not a product advertisement or contain other promotional content
• [X] This term/definition is directly relevant to Ethereum

Term name

Token Factory

Term definition

A token factory is a smart contract that facilitates the creation of tokens within a specific standard, such as ERC-20, ERC-721, or ERC-1155. The Smart Contract acts as a template, allowing users to deploy new tokens with custom parameters like name, symbol, supply, and extra functionality without creating a new smart contract from scratch.

We can find several token factories that provide a simple UX to create tokens like smithii.io or onemint.io.

Sources, if any (please do not submit copyrighted content without appropriate approval)

No response

Ethereum.org links

No response

Additional context

No response

Would you like to work on this issue?

• [X] Yes
• [ ] No

[JudeAnumudu]

would like to contribute to this task.

[konopkja]

if we add this term, it must not include any example of any project - "smithii.io or onemint.io" should be deleted

[Jorgerl02]

Should I remake the changes without the example?