How New Token Listings Work on DEXs, Step by Step
A new token listing on a decentralized exchange needs no approval. Anyone can deploy a token contract, pair it with another asset in a liquidity pool, and trading starts once the pool holds funds. Because nothing screens these launches, the checks fall to the reader. How does a token get listed on a DEX? Centralized exchanges review a project before they list it. A decentralized exchange does not. It runs as a set of smart contracts, and those contracts accept any token that follows the standard interface for its network. A typical launch has four steps: Deploy the token contract. The creator publishes code that sets the name, symbol and total supply. The full supply usually lands in the deployer wallet. Create a trading pair. The DEX factory contract creates a pool that pairs the new token with a base asset such as the network coin or a stablecoin. Add liquidity. The creator deposits some tokens and some of the base asset into the pool. The deposit sets the starting price. ...