Create Your Own Digital Currency in Five Minutes or Less

An ERC1155 token is a special type of cryptocurrency on the Ethereum blockchain that allows you to create multiple types of tokens — both fungible and non-fungible — all in a single smart contract.

In simple terms: 
ERC1155 is like a multi-tool for tokens. It combines the features of ERC20 (fungible tokens like digital currency) and ERC721 (non-fungible tokens like NFTs), but makes them more efficient, flexible, and cost-effective to use.

With ERC1155, you can create tokens that behave like currency (e.g. gold, coins, credits), tokens that behave like collectibles (e.g. swords, tickets, unique items), or a mix of both, all in the same system.

This standard is especially popular for games, digital collections, and platforms that need to manage many items — like weapons, skins, badges, currencies, or tickets — without creating a separate contract for each one.

Well-known platforms like Gods Unchained, Enjin, and The Sandbox use ERC1155 for their game assets and digital economies.

ERC-20 is for fungible tokens, ERC-721 is for single non-fungible tokens (NFTs), while ERC-1155 supports both in one contract—making it more efficient and flexible.

Create a Mix of Items in One Go
ERC1155 lets you mint both fungible (like coins) and non-fungible tokens (like unique collectibles) in a single transaction — making it more efficient than ERC721 or ERC20 alone.

Example: A game developer can create 10,000 gold coins and 100 rare weapons in one smart contract, instead of managing dozens of separate ones.

Launch Gaming Items or In-Game Currencies
ERC1155 is ideal for video games and metaverse worlds. You can create tokens for items, power-ups, characters, and currencies — all within one system.

Example: A fantasy game might issue healing potions (fungible), epic armor (non-fungible), and a rare scroll — all using a single ERC1155 contract.

Sell Digital Merchandise or Collectibles
Use ERC1155 to release merch drops, trading cards, or exclusive access passes — mixing limited editions and mass-produced items.

Example: A music artist can release 5,000 fan tokens and 100 VIP backstage tokens in one drop.

Batch Transfer and Save Gas Fees
Unlike ERC721, which sends NFTs one at a time, ERC1155 lets you transfer multiple tokens in a single transaction — saving time and gas.

Example: You can airdrop three different items to hundreds of users all at once, rather than doing it manually one-by-one.

Trade on NFT Marketplaces
ERC1155 tokens are supported by OpenSea, Rarible, Enjin, and other marketplaces. You can list tokens individually or as bundles for buyers to purchase or bid on.

Example: You can create a bundle that includes armor, coins, and a shield — and list the full pack for sale.

Build a Dynamic Collection or Economy
ERC1155 is perfect for creating flexible token-based systems, like loyalty programs, virtual stores, or ticketing platforms — all in one contract.

Example: A ticketing site might issue general passes, VIP tickets, and discount coupons all from the same contract.

Use it for Real-World Item Tracking or Digital Twins
You can connect physical products to their digital equivalents — helping verify authenticity or ownership using NFTs.

Example: A sneaker brand can issue digital twins of shoes that act as ownership certificates or access keys.

Blend Utility, Rarity, and Access
ERC1155 gives you flexibility to create different levels of tokens — some with common utility, others with exclusive perks or features.

Example: A creator might issue common tokens for general access, rare tokens for giveaways, and ultra-rare tokens for top-tier experiences — all from the same contract.

Create Cost-Efficient Multi-Token Systems
ERC1155 reduces deployment and transaction costs when managing lots of token types, making it ideal for scalable ecosystems.

Example: You can run a full digital shop with hundreds of items under one contract — saving both developer time and gas.

Support Evolving Projects or Token Sets
As your project grows, ERC1155 makes it easy to introduce new token types without launching new contracts each time.

Example: A gaming platform can keep adding new levels, characters, or items to the same ERC1155 contract.

In simple terms, a smart contract is a self-executing piece of code that runs on the blockchain. But let’s break that down.

Think of a smart contract as the engine behind your cryptocurrency token — it's the program that defines how your token works and what it can do. This code is stored on the blockchain, meaning it runs automatically and can’t be changed once deployed.

When you create a token using our platform, what we’re actually doing behind the scenes is deploying a smart contract for you. This smart contract includes your token’s name, symbol, and features — and it contains built-in functions like:

mint() – to create more tokens
burn() – to destroy tokens
transfer() – to send tokens

and other optional features depending on what you select (e.g. pausing transfers, adding roles, enabling upgrades)

Your token is the output of this smart contract — it exists because the contract says it should.

And just like your token has a name, the smart contract itself also has an address and identity on the blockchain. You can interact with it using the same wallet you used to create the token — for example, to mint more tokens or manage permissions.

So when you use our platform, you're not just creating a token — you're launching your own custom smart contract, without needing to write a single line of code.

Creating your own token may sound complex — but with our platform, it's simple, fast, and requires no coding at all.

Here's how to get started:

1. Connect Your Wallet
To create a token, you'll need a crypto wallet (like MetaMask or Trust Wallet).
If you don't have one yet, check out our guide: How To Get a Digital Wallet.

Once your wallet is set up, connect it to our platform by clicking “Connect Wallet”. You'll see a popup list of wallets you can use with our platform, including any wallets installed in your browser.

After selecting a wallet, a message popup or notification will appear in your wallet asking you to connect. Once you approve this, a second security authorization popup will appear for you to confirm wallet ownership.

That's it — you're now ready to proceed with the token creation process.

2. Choose a Blockchain Network
There are two types of networks available where you can deploy (create) your cryptocurrency smart contract: Mainnets and Testnets.

If you're ready to launch your project live on the blockchain — where it will be stored permanently and be publicly accessible — you'll want to deploy it on a Mainnet.

If you just want to test how your project will behave without making anything permanent, use a Testnet. Testnets simulate real-world conditions on a blockchain, allowing you to thoroughly test your smart contract before moving to the Mainnet.

For Mainnets (e.g., Ethereum Mainnet, Polygon Mainnet), the differences between networks come down to a few key factors — such as the number of participating computers (nodes), network stability, security, transaction speed, and the cost to deploy and run smart contracts (gas fees).

Think of these networks like different airlines. They all get you to your destination (run smart contracts), but they vary in ticket cost (gas fees), speed and comfort (transaction speed and reliability), and flight availability (network congestion). Some people choose premium options (like Ethereum Mainnet), while others go budget (like Polygon or BSC), depending on their needs and preferences.

One of your most important considerations when choosing a network will likely be gas fees. For example, if typical transactions involving your token are in small amounts (e.g., $0.15 to $100 per transaction), you might prefer a network with lower fees.

On Ethereum Mainnet, gas fees can fluctuate but often range between $5 to $50 or more depending on network congestion — meaning you could end up paying $35 or more in fees for a $25 transaction.

On Ethereum Mainnet, gas fees can fluctuate but often range between $5 to $50 or more depending on network congestion — meaning you could end up paying $35 or more in fees for a $25 transaction. In contrast, other networks like Polygon, Binance Smart Chain, or Arbitrum typically have gas fees as low as $0.01 to $0.10 per transaction — sometimes even less than $0.025.

Choosing a lower-fee network ensures your users aren't discouraged from buying or using your token due to high transaction costs, making your token more practical for everyday use.

 

3. Fill Out Your Token Details
Give your token a name (e.g., “GreenToken”), a symbol (e.g., “GRN”), and choose how many tokens to mint once the smart contract is created. If you don't select the Mintable feature, the number you input here will be the maximum number of tokens that can be Minted by your token's smart contract.

4. Customize Features (Optional)

You may add extra features like:

Mintable - Allows new tokens to be created after deployment. Useful if you plan to increase supply later (e.g., reward programs, ecosystem growth).

Burnable - If you select this feature, your token holders can burn (permanently destroy) their tokens. This can reduce supply and create scarcity over time.

Pausable - Lets you temporarily stop token transfers if needed, useful in case of emergencies or security issues.

Permit - Allows token holders to approve token transfers via signatures without paying gas fees, enabling gasless approvals and improving user experience.

Flash Minting - Lets users mint tokens within a single transaction as long as they are burned (returned) by the end of the transaction. Useful for advanced DeFi operations like arbitrage.

Votes - Enables token holders to delegate their voting power and ensures votes are based on historical token balances, helping secure and fair on-chain governance.
 

• Block Number - Token balances are snapshotted based on the block number at voting time, preventing users from transferring tokens to manipulate voting power.
• Timestamp - Token balances are snapshotted based on timestamps instead of block numbers, useful for blockchain systems that support time-based voting.

Access Control - Restricts who can access specific functions of the contract and under what conditions. Offers more granular security and permissions.
 

• Ownable - Grants admin control to your wallet, allowing you to perform important privileged actions like minting, pausing, or upgrading (only you as the owner).
• Roles - A flexible system where each privileged action has its own role, and multiple accounts can be authorized for each role. Great for larger teams or organizations.
• Managed - Allows a central managing contract to decide which accounts can use certain functions, based on a customizable access policy.

Upgradeability - (Coming Soon) Lets you deploy your token behind a proxy so it can be upgraded in the future. Normally, smart contracts are immutable once deployed.
 

• Transparent Proxy - Uses a separate ProxyAdmin contract to manage upgrades. It's slightly heavier but allows smoother upgrade management. Compatible with Beacon proxies as well.
• UUPS Proxy - A lighter proxy mechanism where upgrade logic is embedded in your contract. Gives you full control over who can authorize upgrades, but requires a bit more careful implementation.

Security Contact - Allows you to specify a contact address where users can report security issues. This will only appear if your contract metadata is verified.

5. Review & Confirm
Double-check your settings. When you're ready, click “Create Token”. Your wallet will ask you to approve the transaction and pay a gas fee.

6. Your Token Is Live!
In just a few moments, your smart contract is deployed and your token is created on the blockchain. You'll see your token's smart contract address, and you can view it on a block explorer like Etherscan.

What Is a Digital Wallet?
A digital wallet (also called a crypto wallet) is a secure tool that lets you store, send, receive, and manage cryptocurrencies and digital assets like tokens or NFTs. Think of it as your personal bank account for the blockchain — but fully under your control.

Why You Need a Digital Wallet
To create, own, or interact with cryptocurrency tokens and decentralized applications (dApps), you need a digital wallet. It’s how you:

• Receive and store your tokens
• Send tokens to others
• Connect to blockchain apps and platforms
• Prove ownership of assets like NFTs

Without a wallet, you can't securely participate in the crypto world.

Types of Digital Wallets
There are different kinds of wallets, but for beginners, the most common are:

• Browser Wallets – Extensions for your web browser (e.g., MetaMask) that make it easy to interact with websites and apps.
• Mobile Wallets – Apps you install on your smartphone (e.g., Trust Wallet) that give you access on the go.
• Hardware Wallets – Physical devices (like Ledger or Trezor) that store your crypto offline for maximum security. Best suited for advanced users.

For getting started quickly with CosmoTitan, browser wallets are the easiest to set up.

Popular Wallets for Beginners
Here are some trusted wallets that are beginner-friendly and support popular blockchains like Ethereum:

• MetaMask (Browser + Mobile)
• Trust Wallet (Browser + Mobile)
• Coinbase Wallet (Browser + Mobile, not the same as Coinbase exchange website/app)
• Rainbow Wallet (Browser + Mobile, focused on simplicity and NFTs)

These wallets are free to use and widely supported across crypto platforms.

How to Set Up a Digital Wallet
Setting up a wallet is quick and doesn’t require personal information:

• Download the wallet from the official website or app store.
• Install the wallet on your browser or mobile device.
• Create a New Wallet — you’ll be given a recovery phrase (12 or 24 secret words). Write these down and store them securely.
• Set a Password for daily access.
• Backup Your Wallet by safely saving your recovery phrase. This is the only way to restore your wallet if you lose your device.

Now you’re ready to send, receive, and manage your crypto.

Important Security Tips

• Never share your recovery phrase. Anyone with it can access your wallet.
• Beware of phishing sites. Always download wallets from official sources.
• Backup properly. Store your recovery phrase offline and in a secure place.

Your wallet’s security is your responsibility — treat it like you would your bank PIN or password.

How to Add Funds to Your Wallet
Once your wallet is set up, you can add funds:

• Buy crypto directly inside the wallet app (many support credit card purchases)
• Transfer crypto from another wallet or exchange (e.g., send ETH from Coinbase to your MetaMask address)

You'll usually need a little ETH (Ethereum) to pay for transaction fees (called gas fees) if you’re working on the Ethereum blockchain.

What You Can Do With Your Wallet
With your wallet set up, you can:

• Create and manage your own tokens
• Buy and sell NFTs
• Connect to dApps and DeFi platforms
• Send and receive crypto payments
• Participate in blockchain-based communities

A wallet unlocks everything the blockchain has to offer — it’s your passport to Web3.