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How to Deploy Your First Token on Polygon in 5 Easy Steps

January 19, 202410 min readToken Deployment

Polygon (formerly Matic) offers the perfect balance for token deployment - Ethereum compatibility with 99% lower fees. This guide will walk you through deploying your first ERC-20 token on Polygon, from setup to verification, without writing a single line of code.

Why Deploy on Polygon?

Cost Advantages

  • • Deployment cost: ~$1-5 (vs $100-500 on Ethereum)
  • • Transaction fees: $0.001-0.01
  • • No gas price spikes
  • • Predictable costs

Technical Benefits

  • • 2-second block time
  • • EVM compatible
  • • Major DEX support
  • • Bridge to Ethereum

Ecosystem Support

  • • QuickSwap DEX integration
  • • Major wallet support
  • • Active developer community
  • • Growing DeFi ecosystem

Use Cases

  • • Gaming tokens
  • • Reward/loyalty programs
  • • DAO governance tokens
  • • Stablecoins

Prerequisites - What You'll Need

1

MetaMask Wallet

Install MetaMask and create a wallet. Write down your seed phrase and keep it safe.

2

MATIC Tokens

You'll need 5-10 MATIC for deployment and fees. Buy from any exchange and send to your wallet.

3

Token Details

Decide on: Token name, symbol (3-5 letters), total supply, and decimals (usually 18).

4

Configure Polygon Network

Add Polygon to MetaMask: Network Name: Polygon, RPC: https://polygon-rpc.com, Chain ID: 137

The 5-Step Deployment Process

Step 1: Choose Your Token Template

Visit ChainUnified Token Deployer and select a template:

Basic ERC-20

Simple token with transfer functionality. Perfect for most use cases.

Cost: ~1 MATIC

Advanced ERC-20

Includes burn, mint, pause features. For serious projects.

Cost: ~3 MATIC

Tip: Start with Basic ERC-20 for your first token. You can always deploy a new one with more features later.

Step 2: Configure Token Parameters

Full name of your token

3-5 uppercase letters

Total number of tokens to create

Usually 18 for standard tokens

Step 3: Connect Wallet & Select Network

  1. 1.Click "Connect Wallet" and select MetaMask
  2. 2.Switch to Polygon network in MetaMask
  3. 3.Verify you have enough MATIC for gas fees
  4. 4.Review the estimated deployment cost

Current Polygon Gas Prices:

Deployment Cost:~1-3 MATIC ($0.80-2.40)
Check live gas prices →

Step 4: Deploy Your Token

Once everything is configured, click the "Deploy Token" button. Here's what happens:

1

MetaMask Opens

Review the transaction details and gas fee

2

Confirm Transaction

Click "Confirm" to send the deployment transaction

3

Wait for Confirmation

Takes 10-30 seconds on Polygon

4

Receive Contract Address

Save this address - it's your token's identifier

Important: Save your contract address immediately! You'll need it to add the token to wallets and DEXs.

Step 5: Verify & Add to Wallet

Verify on PolygonScan

  1. 1. Go to polygonscan.com
  2. 2. Paste your contract address
  3. 3. Click "Verify and Publish"
  4. 4. Select compiler version and optimization settings
  5. 5. Submit for verification

Add to MetaMask

  1. 1. Open MetaMask
  2. 2. Click "Import Tokens"
  3. 3. Paste contract address
  4. 4. Token symbol and decimals auto-fill
  5. 5. Click "Add Custom Token"

Share with Others

Anyone can add your token using the contract address:

0x... (your contract address)

What to Do After Deployment

Essential Steps

  • ✓ Verify contract on PolygonScan
  • ✓ Add liquidity on QuickSwap
  • ✓ Create token logo and info
  • ✓ Submit to token lists
  • ✓ Set up social media

Marketing & Growth

  • • List on CoinGecko/CMC
  • • Build community (Discord/Telegram)
  • • Create website and docs
  • • Partner with other projects
  • • Run airdrop campaigns

Security Best Practices

  • • Never share private keys
  • • Use hardware wallet for owner account
  • • Audit if handling large values
  • • Set up multisig for treasury
  • • Monitor for suspicious activity

Common Mistakes to Avoid

  • ✕ Not verifying contract
  • ✕ Setting wrong decimals
  • ✕ Insufficient initial liquidity
  • ✕ No marketing plan
  • ✕ Abandoning the project

Total Cost Breakdown

Token Deployment1-3 MATIC (~$0.80-2.40)
Contract VerificationFree
Adding Liquidity (optional)100+ MATIC recommended
First Transfer Test0.001 MATIC
Total Minimum Cost~2-5 MATIC ($1.60-4)

Compare this to Ethereum where the same deployment would cost $100-500 in gas fees alone!

Frequently Asked Questions

Can I change token supply after deployment?

Only if you deploy a mintable token. Basic ERC-20 has fixed supply that cannot be changed.

How do I list on exchanges?

DEXs: Add liquidity on QuickSwap or SushiSwap. CEXs: Apply through their listing process (usually requires volume and community).

Is my token automatically valuable?

No. Value comes from utility, adoption, and market demand. Creating a token is just the first step.

Can I migrate to other chains later?

Yes, you can deploy on multiple chains or use bridges to enable cross-chain functionality.

Ready to Launch?

Deploying a token on Polygon is straightforward and affordable, making it perfect for your first blockchain project. With fees under $5 and deployment taking just minutes, there's no reason to wait. Whether you're creating a community token, launching a DeFi project, or experimenting with tokenomics, Polygon provides the ideal environment.

Remember: Token creation is just the beginning. Success comes from building utility, community, and sustainable tokenomics. Start small, learn as you go, and always prioritize security and transparency.

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How to Deploy Your First Token on Polygon in 5 Easy Steps | ChainUnified | ChainUnified Blog