Create New Token

Interchain Tokens are tokens deployed via the Interchain Token Service (ITS). These tokens are relatively simple ERC-20s with a built-in integration to ITS, making them bridgeable to other blockchains as soon as the token is deployed. If you are starting fresh and want to deploy a brand new token that will have bridging capabilities from day one, ITS offers you the ability to deploy a token directly through its own contract.

Install the Axelar Interchain Token Service (ITS) package using npm or any other node package manager:

Terminal window
npm i @axelar-network/interchain-token-service

Use the deployInterchainToken function to deploy a new interchain token on the current chain:

bytes32 tokenId = its.deployInterchainToken(
    0xabcdefabcdefabcdefabcdefabcdefabcdefabcdefabcdefabcdefabcdefab, // unique salt for token deployment
    'My Interchain Token', // token name
    'ITS', // token symbol
    18, // token decimals
    1000000, // initial token Supply
    msg.sender // address receiving initially minted tokens
);

This function deploys an interchain token, connects it to ITS upon deployment and returns the unique token ID.

Use the deployRemoteInterchainToken function to deploy the token on a remote chain as a cross-chain transaction:

bytes32 tokenId = its.deployRemoteInterchainToken{value: msg.value}(
    'Ethereum', // original chain Name
    0xabcdefabcdefabcdefabcdefabcdefabcdefabcdefabcdefabcdefabcdefab, // salt
    msg.sender, // address to distribute token on destination chain
    "Avalanche", // destination chain name
    msg.value // gas sent for token deployment
);

This function deploys a remote interchain token on a specified destination chain and returns a token ID.

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NOTE: The security of your token is limited to the security of the chains it integrates with. When making a token interchain, ensure that all the chains it will be deployed to are trustworthy.

For further examples utilizing the Interchain Token Service, check out the axelar-examples repository on GitHub. There, you can find an example implementation titled its-interchain-token, which demonstrates how to deploy Interchain Tokens connected across EVM chains and how to send tokens across them.

For a step-by-step guide on deploying an Interchain Token, check out the Programmatically Create a New Token Using the Interchain Token Service tutorial.

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