Token Factory Module

This repository contains a standalone version of the tokenfactory module, forked from the Osmosis blockchain.

Overview

The tokenfactory module provides a flexible and powerful way for any account on a Cosmos SDK-based blockchain to create new, native tokens. These tokens are identified by a unique denomination format: factory/{creator address}/{subdenom}.

This module is designed to be easily integrated into other Cosmos SDK applications, providing a core piece of functionality for projects that require dynamic token creation.

Key Features

• Permissionless Token Creation: Any user can create a new token by paying a creation fee.
• Full Control for Creators: The original creator of a token is designated as its "admin" and has exclusive rights to:
  • Mint new tokens of that denomination.
  • Burn existing tokens of that denomination.
  • Transfer Admin Rights: Change the designated admin to another account, allowing for DAOs or multisigs to manage a token.
• Bank Module Integration: All tokens created by this module are native assets, fully compatible with the standard x/bank module for transfers and balance management.

Usage

To integrate this module into your own Cosmos SDK application, you will need to:

1. Add this repository to your application's go.mod file.
2. Include the TokenFactory module in your application's module manager (app.go).
3. Configure the necessary keepers and genesis state.
4. Run migrations if you are adding this to an existing chain.

Disclaimer

This module has been extracted from a live, production blockchain. However, the process of isolating it into a standalone repository may introduce issues. Thorough testing is highly recommended before using this in a production environment.