Tutorial on issuing custom tokens on Stellar, demonstrating how to create, distribute, and manage tokens like the example HUG token with fixed supply and built-in exchange capabilities.
This tutorial walks through the complete process of creating and issuing a custom token on Stellar using the Stellar Laboratory. It covers seven steps: creating issuing and distribution accounts, establishing trust relationships, minting tokens, publishing token metadata via IPFS, locking supply through multi-sig, and distributing tokens via the decentralized exchange. The article highlights Stellar's advantages for tokenization including 3-5 second settlement, cheap transactions, built-in exchange functionality, and optional holder controls. It uses a humorous HUG token example to illustrate concepts and concludes with ideas for advanced use cases like scheduled inflation and dividend distribution.